Manufacturing Shifts

Exponential technologies are going to disrupt many industries, and it is clear that manufacturing is due a revamping sooner rather the later. In this article, Peter Diamandis discusses the three ways he thinks manufacturing is to be impacted:

‘1. Mass Customization: As fixed costs begin to reach variable costs in the production sphere, companies will no longer fabricate millions of the same product or part. Design driven by customer data will allow for tailor-made commodities, and one-off production will be just as cheap.

2. Democratized Invention: Incubator studios and fabrication equipment labs are jumping onto the scene. Flaunting AI-aided robots and swarm 3D printers that work overnight, these urban workshops basically serve as your new testing ground—the physical hands for your digital designs.

Forget operational costs, fabrication equipment, prototyping, tooling, and far-flung production plants. Whether in-house or entirely outsourced, design-to-production technologies allow anyone to invent.

3. Smart and Autonomous Factories: Already own a manufacturing plant aiming to meet production quotas? Industrial IoT (IIoT) and smart factories are ushering in a new era of autonomous production, minimizing recall risk, and freeing corporations to design expanded product lines.’

Full article: Singularity University’s 3 Major Shifts Are About to Transform Manufacturing as We Know It

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Data Governance

With the recent introduction of the EU’s General Data Protection Regulation (or GDPR), it has become obvious that other nations, and particularly the US, have to take a step to introduce legislation that will regulate, monitor and protect consumers. Abuses such as the one unveiled a few weeks ago by Cambridge Analytica only further the idea that legislators need to move quickly and even if there are many issues with GDPR, at least Europe is taking a pro-active step.

Here is HBR’s take on how the US should proceed: HBR’s The U.S. Needs a New Paradigm for Data Governance

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Blockchain Add-ons

Very interesting long-reads from CB Insights on how blockchain technologies and the corresponding smart contracts can and will affect well-established enterprises like social media (Facebook, Google) and the finance sector:

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Adapt-Or-Die

The retail market is on the verge of a great disruption. AI, machine learning and robotics are making great strides in developing application that will great impact how we experience shopping. So it is either disrupt or be disrupted.

And it is not only the customer-facing part of the supply-chain that will go through massive transformation, every single moving part will have to adapt to the coming technologies: manufacturing will become cheaper through robots and automation (which second order effect can be a reduction in manufacturing suppliers as brands can decide to run the process themselves), warehouse automation will increase run-rate and different consumer channels using AI and machine learning will ensure retailers can access a large swath of the market.

It is thus crucial for retailers to have strategy as to how to implement such technologies into their supply chain. Because now having a plan is a decision in itself. A potentially a costly one.

CB Insights on the changing retail market

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