ASSESSMENTS
Smart Factories: The Next Industrial Revolution
May 21, 2015 | 09:30 GMT
(KAZUHIRO NOGI/AFP/Getty Images)
Forecast
- The interconnection of devices — the Internet of Things — will become more widely used in industry and manufacturing.
- This development will streamline manufacturing, from design to delivery.
- Developed economies will benefit the most from new technologies, which will destroy some jobs and create new ones.
- Developing countries will suffer once the need declines for cheap labor in low-end manufacturing.
- China will adapt to the new technologies because of long-term concerns.
- Cybersecurity will become even more important as "smart" technologies become more integrated with manufacturing.
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