Industry’s fast-mover advantage: Enterprise value from digital factories

The latest findings from the Global Lighthouse Network, an ongoing research project by the World Economic Forum in collaboration with McKinsey, confirm the transformative power of innovative manufacturing technologies for today’s businesses. As the Fourth Industrial Revolution (4IR) progresses, innovative technologies continue to enable remarkable economic and societal advances. Together, 4IR innovations are expected to create up to $3.7 trillion in value by 2025. But that value won’t be spread evenly. It’s already clear that a small number of organizations are running away with the first-mover advantage.

In 2018, the World Economic Forum, with knowledge support from McKinsey, identified 16 companies as 4IR leaders for their work in scaling digital use cases beyond the pilot phase across individual sites: these sites were designated as advanced manufacturing “Lighthouses”.

In 2019, a further 28 facilities were identified and added to the network, bringing the total to 44 (Exhibit 1). Even more significantly, some companies are generating value from 4IR technologies far beyond the four walls of their factories: 14 of these 28 new sites have been recognized as end-to-end (E2E) Lighthouses, integrating manufacturing innovation from their suppliers through to their customers and beyond.

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Πηγή: mckinsey.com