The World Economic Forum announces the addition of 10 new factories to its global Lighthouse Network, a community of manufacturers that are showing leadership in applying Fourth Industrial Revolution technologies to drive financial and operational impact.
The factories join a network of 16 existing lighthouses across multiple geographies and industries. They serve as beacons to guide others to overcome challenges in upgrading systems and applying cutting-edge technologies such as artificial intelligence, big data analytics and 3D printing. The factories were selected based on their success in integrating these technologies to increase efficiency and drive innovation.
“The global Lighthouse Network offers an unrivalled opportunity not only to highlight the transformational efforts of the world’s most advanced manufacturers but also, more importantly, to create a shared learning journey that will help manufacturers around the world, across value chains and of all sizes to access and capitalize on the positive potential of the Fourth Industrial Revolution,” said Francisco Betti, Head of Advanced Manufacturing Industry, World Economic Forum.
The new lighthouses are:
Arçelik (Ulmi, Romania): This greenfield factory is a product of the Arçelik use-case laboratory, where it was designed twice as fast as previous-generation factories. Since coming into existence, automation of low-value tasks has reduced operational costs by 11%.
Ford Otosan (Kocaeli, Turkey): This site leverages digital manufacturing and advanced automation to move beyond lean, increasing its output by 6% and employee engagement by 45% without additional capital expenditure investment.
Nokia (Oulu, Finland): Nokia’s fully digitalized 5G factory focuses on bringing together design and production to introduce new products. Implementing a range of 4IR solutions, connected by a private wireless network, this site improved productivity by 30%, and now brings products to market 50% faster than before.
Petrosea (Tabang, Indonesia): Challenged by its remote location, this mining service provider deployed multiple Fourth Industrial Revolution use cases (e.g. optimized truck dispatch, real-time monitoring, drone surveys) that transformed the mine from a loss-making entity into a profitable one in just six months.
Posco (Pohang, Republic of Korea): This plant leverages artificial intelligence to drive productivity and quality improvements in the steel industry. It is building its own smart-factory platform through a collaboration with a local ecosystem of academia, SMEs and start-ups.
Groupe Renault (Cléon, France): This Renault site uses a wide range of Fourth Industrial Revolution technologies (e.g. cobots, virtual reality) to support operators, eliminate waste, reduce energy consumption and automate repetitive tasks.
SAIC Maxus (Nanjing, China): A challenging market environment drove this site to implement a new model for mass customization. Digitalizing the value chain end-to-end, from customers to suppliers, through an integrated digital thread resulted in improved sales and reduced costs.
Schneider Electric (Batam, Indonesia): One of Schneider Electric’s nine smart factories, this location developed a full spectrum of Fourth Industrial Revolution solutions (e.g., IIoT platform) that were then shared with the wider Schneider Electric community, including customers and partners, thereby improving the operations of the entire ecosystem.
Tata Steel (Kalinganagar, India): This greenfield steel plant is helping to set a new standard for the speed at which a factory can achieve full capacity from complete nascency. It also improved time-to-market by 50% thanks to significant investments in digital and analytics solutions, as well as capability-building to develop the digital skills of a relatively junior and inexperienced team.
Zymergen (Emeryville, USA): A digital native, this bio-engineering site is using robotics and artificial intelligence on processes that have traditionally been highly manual, resulting in the doubling of its innovation rate.
“The 10 new lighthouses confirm that frontrunners in the Fourth Industrial Revolution draw a competitive advantage from either innovating their production system or by innovating their entire value chains and offering new products and services that were not possible before,” said Enno de Boer, Partner and Head of McKinsey & Company’s Global Manufacturing Practice, which collaborated with the Forum on the project. “For example, Zymergen brought robotics and AI to their bio-engineering labs, doubling innovation rates and allowing product innovations that were previously unthinkable.”
One of the key elements of the Lighthouse Network is its commitment to discovering and elevating solutions that can be scaled up in cost-effective ways across companies and industries.
“What all frontrunners have in common is that they work hard to find ways to scale,” Enno de Boer said. “For example, Tata not only cracked the code on how to bring predictive maintenance to 50,000 different machines, but they also mastered the challenge of rolling out best practices to a site with a relatively inexperienced site team, supporting them with world-class data insights. Not imaginable before, the site is a benchmark in their network for productivity and time-to-market.”
The lighthouses have also agreed to share their knowledge with other manufacturing businesses, helping them successfully adopt the technologies of the future.
“The World Economic Forum’s Fourth Industrial Revolution lighthouse programme promotes collaboration, benchmarking and new ideas for the digital transformation of industries in a practical way that generates faster adoption of digital technologies and increases the efficiency of manufacturing,” said Peter Herweck, Executive Vice-President, Industrial Automation, Schneider Electric. “Our smart factory in Batam, Indonesia, has benefited enormously from the Forum programme and we are delighted to continue to be a part of this programme and share our learning and solutions with the wider industrial ecosystem.”
“Our Oulu 5G facility is an example for our enterprise customers to realize the vision of industrial automation in the era of Industry 4.0,” said Kathrin Buvac, President of Nokia Enterprise and Chief Strategy Officer.“Leveraging our own technology, including private wireless networks, edge cloud and IoT analytics, resulted in significant productivity gains of 30% for our factory as of today already.”
Cybersecurity: A Crucial Element of Socio-economic Stability and Prosperity
Cybersecurity has become a key safeguard to future socio-economic prosperity and stability as industries are transitioning towards data- and technology-driven business models and governments grapple with the implications of the Fourth Industrial Revolution. More than 80% believe that risk of cyberattacks will increase in the year ahead. With an estimated pricetag of $90 trillion worldwide, there is a rising imperative to safeguard individuals and businesses.
Under the theme Enabling Leadership for a Secure Digital Future, over 150 leaders and experts in the cybersecurity, policy, regulation and technology fields are meeting at the second annual World Economic Forum Annual Meeting on Cybersecurity in Geneva, Switzerland, to address three priorities: Strengthening global cooperation for digital trust and security, securing future digital networks and technology, and building skills and capabilities for the digital future.
Meeting participants include government representatives from G20 countries, civil society organizations and academia, and prominent cybersecurity leaders from companies representing a cross-section of industries in the private sector. Ten international organizations, 18 countries and over 20 specialized agencies are taking part.
“As the international organization for public-private cooperation, the World Economic Forum is leading a global effort to drive systemic change on the most pressing cybersecurity issues. We believe that this change will be most impactful if the private sector and the public sector work on solutions together,” said Alois Zwinggi, Head of the Centre for Cybersecurity.
Key sessions include preparing for future threats, how to secure smart cities, increasing security by replacing passwords and building cyber-resiliance. Leadership, governance and cooperation were key themes.
The Forum, as the International Organization for Public-Private Cooperation, is offering its Platform on Cybersecurity and Digital Trust to allow the participants to drive the cybersecurity agenda for the coming year, to share information on emerging cyber-threats, jointly assess the risks of emerging technologies and collaborate on urgent action to combat cybercrime.
Building Emerging Technology Governance Key to Realizing Saudi Arabia’s Vision 2030
Governments and companies around the world are investing heavily in emerging technologies to boost growth. The Middle East and North Africa region could see approximately $400 billion added to its economies over the next 15 years if artificial intelligence (AI) solutions are adopted. In Saudi Arabia alone, investment in AI is forecast to add 12.4% to GDP.
To help accelerate the development and implementation of emerging technologies while mitigating risks, the King Abdulaziz City for Science and Technology (KACST) today announced the launch of the Centre for the Fourth Industrial Revolution Saudi Arabia with the World Economic Forum.
As the latest Affiliate to join the World Economic Forum Centre for the Fourth Industrial Revolution Network, this new hub will benefit from the agile governance methodology designed in San Francisco and will apply it to pilot projects in the country. The Centre for the Fourth Industrial Revolution Saudi Arabia will be run and managed locally to help the country achieve its Vision 2030.
“To use the technologies of the Fourth Industrial Revolution such as AI and blockchain, and many others, for driving economic development and social progress, we need global cooperation,” said Klaus Schwab, Founder and Chairman of the World Economic Forum. “On the eve of its G20 presidency, we welcome the Kingdom of Saudi Arabia with the establishment of a new Centre for the Fourth Industrial Revolution in Riyadh, to shape those technologies in a way that serves society.”
In the region, Saudi Arabia has been undertaking large-scale digitalization efforts as part of its National Transformation plan and in the run-up to its G20 presidency. The commercial 5G roll out, recent establishment of the Saudi Authority for Data and Artificial Intelligence and the high percentage of mobile phone and internet use show that the country is taking steps towards shaping the trajectory of Fourth Industrial Revolution technologies.
The World Economic Forum Centre for the Fourth Industrial Revolution Network was founded in 2017 to accelerate the development of emerging technologies by bringing together a multistakeholder community to co-design agile governance policies. To facilitate this process, the Forum launched an Affiliate Centre programme in early 2019 to help countries develop national Fourth Industrial Revolution strategies and public-private initiatives.
Affiliate Centres tap into and share research across the Forum’s global network. The Centre for the Fourth Industrial Revolution Saudi Arabia will focus on the following emerging technology portfolio areas: artificial intelligence; blockchain; data policy; internet of things, smart cities and robotics; and mobility.
PwC rated as a Leader among European and Asia Pacific Cybersecurity Consulting Providers
PwC announced that it was cited as a Leader in in both The Forrester Wave™: Cybersecurity Consulting Services In Asia Pacific, Q4 2019 and The Forrester Wave™: European Cybersecurity Consulting Providers, Q4 2019.
In the APAC-focused report, Forrester stated that: “PwC shines with impressive IP-based consulting. PwC targets its impressive range of assets — like its value-at-risk offering and virtual-reality simulated cyber crisis environments — at boards and executives. It aims to use these assets to create a deeper understanding of and support for key security challenges among those stakeholders. PwC also has strong intellectual property (IP)-based consulting offerings for CISOs, such as its identity and access management automation and ethical hacking bot. PwC regularly engages regulators throughout Asia Pacific and provides thought leadership sessions to board institutions in the region, such as the Australian Institute of Board Directors.”
The APAC report goes on to say that: “PwC has a demonstrated ability to use its global strengths to adapt to agile ways of working. Reference clients were happy with the firm’s expertise, noted that PwC was a true partner and advisor across the region, and praised the firm’s positive internal culture.”
Paul O’Rourke, Asia-Pacific and Global Financial Services Cyber Leader, PwC said: “We are really pleased with this result. Our comprehensive cybersecurity solutions assist businesses with assessing, building and managing their cybersecurity capabilities and enabling effective incident response to a myriad of potential threats. With our successful track record across various domains of cybersecurity, we help our clients to strategically assess, design, implement, operate and improve cybersecurity programs from strategy through execution.”
Grant Waterfall, EMEA Cybersecurity and Privacy Leader, PwC said “PwC, and specifically each member of our teams that work with clients each day to build business and consumer trust through a more secure digital society, are extremely proud to receive this recognition from Forrester Research. Over the past year, cybersecurity has been elevated to Firm-wide platform at PwC, representing a formal commitment to our clients, markets, and employees, that cybersecurity will be top priority for how we serve each of them and grow our brand for the future.”
U.S. President Trump to meet Bulgaria’s Prime Minister at the White House: What to expect?
Next Monday, 25 November, President Trump will welcome Bulgarian Prime Minister Borissov at the White House for a bilateral meeting....
Poll Shows Trump’s Israel Policy Is Opposed Even by Republicans
On Monday, November 18th, Reuters headlined “U.S. backs Israel on settlements, angering Palestinians and clouding peace process” and reported that,...
The Geopolitics of natural resources of Western Sahara
In the post-bipolar international legal literature, the right to self-determination is part of the broader concept of human rights, and...
Doing Business Report 2020: Soaring Changes with Soaring Doubts
As Narendra Modi brands his government of making new leaps; similarly, the World Bank’s annually published report, “Doing Business” has...
The Art of Travelling Alone: How to Make the Best of Your Solo Trip
We are currently celebrating Singles’ Day — now one of the biggest shopping holidays of the year — which encourages...
Is this the end of NATO-era?
Money is a very powerful tool, which can easily ruin relations. Different views on money spending can ruin even good...
Venice Is Flooded: A Look at Our Coastal Future
Authors: Arshad M. Khan and Meena Miriam Yust If humans have been lucky, basking in the comforting warmth of an...
Europe3 days ago
Why German car giant Volkswagen should drop Turkey
Energy3 days ago
What would it take to limit the global temperature rise to 1.5 °C?
Africa2 days ago
China’s ties with Africa go beyond the “debt trap”
East Asia2 days ago
The Korean Peninsula needs more peace talks rather than game drills
African Renaissance3 days ago
The way out of apartheid South Africa
South Asia2 days ago
India’s Continuing Arrogance in Kashmir
Defense1 day ago
As Kashmir simmers the IOR too stands as a potential Nuclear Flashpoint
Americas2 days ago
Trump’s blind spot