revolution is derived from numbers and data,
including the application of artificial intelligence,
big data, and some new applications related to
bioscience which need data to provide solutions.
This new round of technological revolution will
influence every industry including manufacturing.
Robots will have a deep and profound influence
on manufacturing industries and their distribution
around the world.
Margaret Chan thinks that the new round
of technological revolution is a double-edged
sword, as shown rather clearly in the medical
industry. The emphasis on ethics, the protection
of privacy and the regulatory compliance cannot
catch up with the pace of rapidly changing
technologies. At present, the application of new
technologies around the world is still unbalanced.
International co-operation is needed to provide
the best solutions to social problems and meet
expectations of technology’s benefit to society.
Yossi Vardi, an entrepreneur and investor from
Israel, is of the opinion that the development
of technology causes social polarisation.
Many people are marginalised by the wave of
technology. But he thinks we need to change the
idea that the Government is solely responsible for
solving the problem. He stresses that inclusive
measures should be taken to deal with social
problems, to allow all classes to join in as much
as possible and help marginalised groups gain
resources.
He said that the development of artificial
intelligence may influence the thinking of people
as well as their value systems. New technology
may change from helping people to “manipulating”
people. Therefore, the biggest challenge that
technology brings to international society is how to
better harness information technology and better
exploit the potential of different technologies.
Artificial intelligence will greatly empower the
manufacturing sector in at least four aspects,
such as preventive maintenance, anomaly
detection, process flow, and customer service.
Whether it be the global 4.0 industrial revolution
or the era of disruptive fourth- and fifth-generation
technology, it means that the traditional model of
the enterprise will change in the face of emerging
technologies.
Rudolf Staudigl took the German vocational
education and training system as an example to
demonstrate the importance of establishing a
complete education system, saying that German
employees repeatedly learn career reforms, and
that companies have also kept broadening their
approaches to learning. Companies require skilled
workers and employees who regard learning as a
mission learn new skills. This is the key to success.
The Future of Production (Source: BOAO)
Richard Edmondson Bailey anticipates that the
future of production must go digital. In addition,
productivity increase will be driven by a range of
factors, such as artificial intelligence, robotics, and
3D-printing. Future consumption will drive the supply
chain, and will have a greater impact on production,
thereby spurring companies to boost productivity.
AI machine in a factory
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