Threat or Opportunity?
While objectives may be evident, a clear roadmap remains elusive. Where will the best solutions be found? Where can companies go to connect, learn, and grow easily at scale? Industry 4.0 may create more questions than it does answers; however, questions also create new opportunities.
Today, innovative solutions and thriving marketplaces arise organically when an accessible, ubiquitous online platform is shared by those with closely aligned goals. Connections form rapidly to share best practices, knowledge, and advice around widely used products. Feedback and support from the crowd offer real-time observations to enable continuous product improvement.
This network effect is most tangibly expressed in the industrial digital ecosystem. It extends shop-floor innovations beyond the factory to add value around the product, boost product performance, and improve buyer satisfaction.