A hallmark of the Fourth Industrial Revolution (4IR) is the convergence of the digital and physical worlds, which is in turn blurring traditional boundaries throughout the value chain.
3D printing, for example, can help companies meet the growing consumer demand for product personalization. The fashion brand Ministry of Supply now uses scanning and 3D printing in its stores to create sweaters mapped to an individual’s thermal profile, in under 90 minutes.
Of course, this is just one example. The scope of the changes now underway are too vast to be recounted here. Rather, this article points to a specific business model innovation – 4IR Production Platforms – that can help players across the value chain adapt to and prosper in the Fourth Industrial Revolution using the power of digital technologies.