Fourth Industrial Revolution

4 myths about manufacturing in the Fourth Industrial Revolution 

A worker monitors a robotic arm working inside a factory in Huaian, Jiangsu province, China May 15, 2018. Picture taken May 15, 2018. REUTERS/Stringer ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT. - RC1360033A90

Prices of robots are falling Image: REUTERS/Stringer

Ian Cronin
Community Curator, Advanced Manufacturing and Supply Chains, World Economic Forum
Adrian Widmer
Engagement Manager, McKinsey & Company
Diego Hernandez Diaz
Engagement Manager, McKinsey & Company
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Fourth Industrial Revolution

Robotics prices versus labour cost
Economic gains by AI adoption frontrunners, followers and laggards
Expected average reskilling needs across companies, by share of employees, 2018-2022
Image: McKinsey Global Institute
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Fourth Industrial RevolutionAdvanced ManufacturingArtificial Intelligence
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