Information Technology Foresight

The latest thinking on creating competitive advantage through information technology.

April 2017

Industry 4.0: Opportunities and challenges for consumer product and retail companies

Industry 4.0 is strongly — and wrongfully — associated to automotive and manufacturing industries. It can provide substantial advantages for retail and consumer industries as well.

86% — The increase in the typical company’s financial value in 2019 brought on by Industry 4.0.

This month’s issue of IT Foresight features Industry 4.0: Opportunities and challenges for consumer product and retail companies, a detailed investigation into how the Industrial Internet of Things is transforming the retail and consumer goods sector. There is a clear takeaway for digital leaders: Move now!

Featured Foresights

2017 Technology Trends
Strategy& viewpoint
As fast as the technology industry has been moving recently, we expect it to continue to be dominated by the “Big Five”: Alphabet (Google), Amazon, Apple, Facebook, and Microsoft. Their platform strength, large cash positions, and ability to attract top talent have enabled them to compete against all comers. But competition is increasing, from other tech firms, from companies outside the traditional tech sector boundaries, and, perhaps most aggressively, from five increasingly international “Chinese Challengers”—Alibaba, Baidu, Huewei, JD.com, and Tencent.
How to use accelerators and incubators as a tech scouting tool
PwC article
Don’t approach innovation passively. Instead, pay close attention to tech accelerators and incubators bringing new companies to life. Think in terms of how the innovations you discover might apply to your own operation, enhance your products or services, or address your customers’ challenges. There’s a wealth of information and ideas to be found there, and perhaps even a young company or two that you can acquire before its great innovations hit the mainstream.

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