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This report describes the work to date of a multiyear initiative on Unlocking Value in Manufacturing through Data Sharing, launched in 2019 by the World Economic Forum’s Platform for Shaping the Future of Advanced Manufacturing and Value Chains, in collaboration with Boston Consulting Group (BCG).
One of the great strategic opportunities for industry today is manufacturing data excellence: the use of data and advanced analytics to drive productivity, new customer experiences and a positive societal and environmental impact. The movement towards hyperconnected value networks is already under way: manufacturing and supply system organizations now collaborate on data applications across company boundaries to manage the production and distribution of goods. And with uncertainty – brought on by megatrends such as the climate imperative and ongoing supply chain disruptions – likely to continue in the economy and the world at large, the innovative use of data in manufacturing may turn out to be a stabilizing force for global industry.
The way in which we as people interact with technology is continuously evolving. When the permissions people grant to companies and organizations at one point in time become the gateway for everything that happens to that data in the future, that moment becomes extremely important, perhaps far beyond what could be envisaged. Given the ubiquity of data collection online and the necessity of technologies that enhance our lives but rely on that data, is there a better way to manage the relationship between people and technology?
Eco-efficiency is the outcome of 4IR technologies which, when directed to solve business problems, simultaneously boost productivity and sustainability.
With the integration of screenless technology into everyday life, the data ecosystem is growing increasingly complicated. New ambient data collection methods bring many benefits, but they also have the potential to amplify mistrust between people and technology.
