The Future of the Factory of The Future

Technology Revolution: The Future of Now

Bonnie D Graham

News, Business News, Technology

4.9 • 112 Ratings

🗓️ 22 April 2020

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

The buzz: “The Factory of the Future has an evolving definition…even different names…Smart Manufacturing, Industry 4.0 or the Digital Enterprise…Perhaps manufacturing will at last be able to leave behind the public impressions of labor-intensive, dirty and dangerous worksites…Only one characteristic of the Factory of the Future that is essential: A creative mindset for problem-solving and out-of-the-box thinking is key to embracing new technologies…Stubborn adherence to traditional processes…will cause serious roadblocks.” (industryweek.com) “Industry 4.0, smart manufacturing, the next industrial revolution…more than just a flashy catchphrase.…Reports peg the smart factory industry to touch USD 215B by 2025…there has been no major economy in the world that is not embracing it.” (cio.economictimes.indiatimes.com). We’ll ask Marty Groover, Derek Dyer and Matthew Stemmler at C5MI and Don Young at YASH Technologies and C5MI for their take on The Future of the Factory of The Future.

Transcript

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0:00.0	Where does yesterday's future, which is already here, really here, really here, meet today's future, which is about to happen, and tomorrow's future, which could be just minutes away?
0:16.4	Welcome to Technology Revolution, the future of now.
0:30.4	Where host Bonnie D. Graham asks savvy futurists for their predictions about the tech-driven trends that are shaping our future right now.
0:35.8	Here's your host who will take us into the future of now, Bonnie D. Graham.
0:39.8	I always get a kick out of that intro voiced by Ryan Treasure VP. I call him VP of now. Bonnie D. Graham. I always get a kick out of that intro voiced by Ryan Treasure. VP, I call him VP of Everything at Voice America Radio, and he's my co-producer.
0:44.6	Welcome, I'm Bonnie D. Graham.
0:46.0	Very happy to be here.
0:47.4	We have two buzz quotes today to introduce my topic today.
0:51.3	I'm going to start with a quote I found from industry week.com. Listen up.
0:55.5	And then I'll have another quote. Then I'll tell you who my fantastic panelists are.
0:59.1	Wait a little you will learn from us today. So here's the quote from industryweek.com.
1:03.1	The factory of the future has an evolving definition, even different names. Some call it smart
1:09.7	manufacturing, industry 4.0, or the digital enterprise.
1:14.1	Perhaps manufacturing will at last be able to leave behind the public impressions of labor
1:20.0	intensive, dirty, and dangerous work sites.
1:22.6	Oh, I hope so.
1:23.7	There are only one characteristic of the factory of the future that is essential.
1:27.7	Listen up.
1:28.4	A creative mindset for problem solving and out-of-the-box thinking is key to embracing new technologies.
1:35.7	Stubborn adherence to traditional processes, dot, dot will cause serious roadblocks.
1:41.1	So we've got some definitions.
1:42.9	We've got a creative mindset definition,
	...

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