The Fourth Industrial Revolution ... Are You Ready For It? | Has Patel | Lunch & Learn
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The document discusses the opportunities and challenges presented by the Fourth Industrial Revolution. It notes that new technologies like artificial intelligence, digital fabrication, and the fusion of physical and digital worlds are disrupting every industry. To take advantage of these changes, the US needs to invest in translational research, encourage pilot production, empower small manufacturers, and grow technical talent. Strategies like smart manufacturing, systems in a package, continuous manufacturing, and small-batch customized production can help startups leverage new technologies. Federal labs and manufacturing innovation institutes also provide resources to support commercialization. With the right focus on infrastructure, technology, institutions, skills, and demand, the US is well positioned to benefit from the Fourth Industrial Revolution.
The Fourth Industrial Revolution ... Are You Ready For It? | Has Patel | Lunch & Learn
- 1. The Fourth Industrial Revolution … Are You Ready for It ? UNIVERSITY OF CALIFORNIA, IRVINE (UCI) @ APPLIED INNOVATION / COVE OCTOBER 5, 2018 HAS PATEL INFOLOGIC, IRVINE, CA HAS.PATEL@INFOLOGIC.COM 1
- 2. 2 “Technological disruption is already affecting every part of our lives...every business, every industry, every society... even what it means to be “human.” In future, it can also change what we Value, and how we Value it.”
- 3. Background Video : What is Fourth industrial Revolution ? 3
- 5. Fourth Industrial Revolution Photo by Deloitte 5
- 6. Cost Dynamics Source : Deloitte 6
- 7. Exponential Technology Growth Pace of Innovation Time Industrial Revolutions 1.0 2.0 3.0 4.0 Exponential Growth transcending Industry & National boarders Linear 7
- 8. Major Technologies Fueling the Fourth Industrial Revolution Source: Deloitte 8
- 9. Cognitive Capabilities and Fusion of Physical, Digital & Biological Worlds 9 “ Digital fabrication technologies, meanwhile, are interacting with the biological world on a daily basis. Engineers, designers, and architects are combining computational design, additive manufacturing, materials engineering, and synthetic biology to pioneer a symbiosis between microorganisms, our bodies, the products we consume, and even the buildings we inhabit.” – World Economic Forum
- 10. Artificial Intelligence: The Robots Are Now Hiring Source : Wall Street Journal – Sept 20, 2018 This Robot Might Make Invasive Colonoscopies a Thing of the Past Source : PC Magazine – Sept 24, 2018 10
- 11. Societal Revolution …. Photo by WEF 11
- 12. Technological Disruptions & Society 12
- 13. Society Sectors The Market Raw Material Services Manufacturing The Civil Society Social Systems, Community Organizations The State Political Systems, Government 13
- 14. Why Manufacturing ? Source : NIST 14
- 15. 83 % Economic Prosperity 81 % Standard of Living 62 % National Security Importance of Manufacturing for National Security & Prosperity 15
- 16. Background Video: Manufacturing Challenges & Opportunities 16
- 17. 17
- 18. American Strengths Emerging Technology & R&D Leadership Technology Convergence Home & Emerging Overseas Market Economy, Geopolitical & Entrepreneurship Emerging Manufacturing Models 18
- 19. Global Competitive Manufacturing index (U.S. –V- World 2020) Source : Deloitte 19 Competitive Drivers: • Talent • Cost of manufacturing • Productivity • Supply Chain, and • National Manufacturing policy.
- 20. American Innovation Ecosystem Photo by DeloitteSource : Deloitte 20
- 21. National Science Foundation (NSF) Industrial Commons Keeping R&D Onsite Hardware-based Startups Capitalize National R&D 21
- 22. Two Sides of Coin : R&D/Manufacturing Worldwide 2018 R&D Investments Forecast Source : R&D Magazine, etc. 22
- 23. Hardware Innovations & Investment American Venture Capital Investments 2017 Source : NSF/MForesight 23
- 24. R&D Recommendations investing in translational research and manufacturing innovation encouraging pilot production and scale- up for U.S. industry empowering small and medium-sized manufacturers growing domestic engineering and technical talent 24
- 25. 25 Strategies for Startups to Leverage the Fourth Industrial Revolution Adapt Emerging Manufacturing Platforms •Smart Manufacturing •Systems in a Package •Continuous Manufacturing Incorporate Small batch strategies & Customized Local Production Leverage American Strengths: World’s best R&D, Superior Higher Education …
- 26. Smart Manufacturing (SM) 26 “Smart Manufacturing (SM) enables the availability of the right information, the right technology, at the right time, in the right form, to the right people to empower smart decision-making within factories and across entire value chains.” Source : CESMII Picture : Deloitte
- 27. System in a Package (SiP) Source : Intel 27
- 28. Continuous Manufacturing (CM) Source Novartis-MIT 28
- 29. What Exactly is Innovation, Anyway? “ …New technologies, products, processes, and business models can drive economic growth, job creation, and increases in productivity. These innovations flow not only from the development of new technologies (e.g. cloud computing, the integration of IT with objects in the physical world through the “Internet of Things,” predictive data analytics, advanced materials, energy storage, life-saving drugs), but also from novel applications of these technologies and new business models that create economic and societal value…. “ Innovation ? 29
- 30. Technology Management Innovation Management Traditional Notion A Broader Notion © Infologic 2018 Execution Service Process Product Product- Market Fit Customer Value Proposition Team Science Research Translation Innovation Management Model 30
- 31. Execution Case Study – Apple iPhone Service Process Product Product- Market Fit Customer Value Proposition Team Science Research Translation iPhone - a product which helps users to manage their life and achieve personal productivity Apps Development environment which provides 30% of developer profits. iTunes - software maintenance and download; supply chain management; synchronization. Distribution Agreement with wireless carriers - % of Revenue Retail Stores as a Knowledge Center Genius Bar 31
- 32. Product Development (Source : DoD) Market Development (Source: Steve Blank) Product-Market Fit 32
- 33. Product-as-a Product Product-as-a Service Product-as-a Process Focus on products as digital items, such as Sensor-based products and offer under CAPEX Combine Product with a Service, and offer under OPEX using Cloud, Mobile features Combine Product, Service, augmented reality, Social and Analytics Integrate your offerings with third party offerings – OEMs, partners and competitors Product-as-a Execution Model Product Cost © Infologic 2018 Customer Value Proposition 33
- 34. “Smart, connected products require a fundamental rethinking of design….product development shifts from largely mechanical engineering to true interdisciplinary systems engineering“ - Harvard Business Review : Research Review by Professor Michael E. Porter and James E. Happelmann – 10/2015 “It’s technology married with liberal arts, married with humanities, that yields us the results that make our heart sing. Steve Jobs reminded us ” - CIO Magazine Team Science = STEM + HUSS* * HUmanities & Social Sciences 34
- 35. Translational R&D Source : NSF/MForesight 35
- 36. American Federal Laboratories www.federallabs.org •$125 Billion Federal R&D Budget •Over 250 Labs Overview •Significant Knowledge •Access to Federal Market Technology Commercialization •Manufacturing Processes •Access to Lab Resources Advanced Manufacturing Resources 36
- 38. © Infologic 2018 38 Recap ...
- 39. ➢ Infrastructure ➢ Technology & Innovation ➢ Institutional Framework ➢ Scale ➢ Human Capital ➢ Global Trade/Investment ➢ Demand Environment ➢ Sustainable Resources 39
- 40. Past is Prologue… the Future belongs to the USA Fourth Industrial Revolution 40
- 41. “Invent here. Manufacture here. Export there.” by Embracing the Fourth Industrial Revolution and Leveraging Prudently the Global Supply Chain. 41