There a number of drivers and obstacles to gaining benefits from new technology investments. Despite the need for manufacturers to invest in new technologies that reduce production costs and improve the quality of work, products and services, firms often have difficulty assessing the implications of adopting advanced manufacturing 4.0 technologies. Its worth noting that for each $1 spent on digital technology, up to $9 needs to be spent on related ‘intangible assets’ – that is improvements in human capital, processes, work practices, management and so forth (Brinjolfsson and Macafee 2014).
Professor Ivory and Dr Lewis will also be joined by leading industry adopters in the field of industry 4.0.
There will be a Q&A session at the end.
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