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Industry 4.0 will now need a more specialized workforce
Although most manufacturing companies in the world already use data analytics, they rarely use its full potential. One of the reasons is the lack of competences.
Only 16 percent. Manufacturing executives said in a recent study by the Boston Consulting Group that their company gets tangible value from advanced data science. It is true that 81 percent. out of 1,700 surveyed managers already use such solutions in companies, but usually on a small scale
The most difficult challenge of the fourth industrial revolution is teaching people the right competencies; companies that have them have a significant advantage – assesses Joachim Hensch, former boss of Hugo Boss. – You can’t create proper modeling or advanced artificial intelligence if we don’t have good data. However, someone has to arrange them in the company and manage them well – adds prof. Murat Gunal from the University of Lancaster.