Industry 4.0 | A New Kind of Revolution
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Keynote presentation on May 26th, 2016 at the Spring Breakfast with the Mayors event sponsored by the Halton Industry Education Council. Focus of presentation was on IoT, industry 4.0, the new world of work, outsourced innovation, and the transforming world of technology on the Millennial generation.
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Industry 4.0 | A New Kind of Revolution
- 1. Halton Industry Education Council Spring Breakfast with the Mayors Presented by Don Duval May 26th, 2016 Industry 4.0 | A New Kind of Revolution
- 3. 3 Industry 4.0: The Next Phase in the Digitization of Manufacturing Big Data, Connectivity, Computational Power Analytics Human – Machine Interaction and the “Consumerization of Manufacturing” 1 2 3
- 5. Getting Business Done and Staying Competitive… What’s Next in Industry 4.0? 5 The New World of Work Outsourced Innovation
- 6. 6 • In the next 15 years, 50% of our workforce will be Millennials • 31% of Millennials feel they earn enough to “take the money discussion off the table” • What drives this new generation? Creative / innovative workplaces and impactful job opportunities
- 7. 7 • Significant growth in corporate innovation policies • Conversational and engaging management style • Connected, flexible, and off- site working • Access to tools, resources, and opportunities to enable impactful job experiences So…what are you doing to recruit, retain, and motivate the Millennial generation?
- 8. “…we encourage our employees, in addition to their regular projects, to spend 20% of their time working on what they think will most benefit Google. This empowers them to be more creative and innovative...” Larry and Sergey “…one-day bursts of autonomy allow people to work on anything they want (as long as it’s not part of their regular job) — provided they show what they’ve created to their colleagues 24 hours later…” 8
- 10. You have to collaborate to compete… and ultimately win! 10
- 11. Sudbury Province of Ontario Toronto Ontario's Mining Supply and Service Sector • 40,000 employed • Economic impact of $6.6B • 1,000 companies • 43 active mines • 30 to 35 advanced mining projects Timmins ~70% of the activity occurs in the Northern Ontario Mining Cluster with Sudbury (population 165,000) serving as the epicentre Source: Ontario Mining Association 11 Industry 4.0 and the Outsourced Sudbury Technology “Revolution”
- 12. 4-10% of new companies become high-growth firms. Only… But the top… 1% in any given year generate roughly 40% of new jobs. 5% in any given year generate roughly 66% of new jobs. Source: High-Growth Firms and the Future of the American Economy, Kaufmann Institute, 2011 12 Why Should We Care About Start-up Tech Companies?
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- 15. …the Platform effect… …or maybe the Springboard effect…
- 16. Passion A desire to help their community for the greater economic and social good of the community. Finding the Right Community Champions – Easier Said than Done! Entrepreneurial Credentials Important to engage champions that have “been there, done that” and reflect the culture of your customers. Time With our aging baby boomer population retiring – full of knowledge and wealth – now is the time to engage those with time to contribute. 16
- 17. 17 Don Duval Twitter: @don_duval The Consumerization of Manufacturing TEDx Chatham Kent 2014