Accelerating a more sustainable industrial revolution with digital manufacturing

factory 2019

Bad Adelholzen, Siegsdorf, Germany (Unsplash, 2019)

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.

Author: Dion Weisler, President, CEO, HP Inc.


The Fourth Industrial Revolution is shaping up to be one of the most significant opportunities of our lifetime. We are already seeing jobs, policies, industries and entire economies shifting as our digital and physical worlds merge. This represents an important opportunity for business and for society. With this industrial revolution, we have a collective responsibility to ensure sustainability is a priority from the start.

According to the World Economic Forum, the value of digital transformations in the Fourth Industrial Revolution is estimated at $100 trillion in the next 10 years alone, across all sectors, industries and geographies. The manufacturing sector, which has long been a driver of global prosperity and economic growth, is key to this transformation.

Emerging technologies such as AI, robotics and 3D printing are disrupting the manufacturing industry and unlocking new ideas and potential that were previously unimaginable. With this change comes opportunity. 3D printing, in particular, is at the forefront, given its ability to reshape the sector. If we make the right decisions, it can also drive sustainable impact for our planet, people and communities.

Digital manufacturing can create a brighter future for our planet by reducing the environmental impacts of production, shortening and simplifying traditional supply chains, unlocking new sustainable industries and accelerating a more circular and low-carbon economy. It has the potential to offer cleaner and safer jobs for workers, enabling greater well-being and opportunities for people everywhere. Digital manufacturing can also be a powerful force for social and economic good in our global communities by enabling new business models, the creation of new local jobs, and innovative new solutions to address our most challenging issues.

However, history has shown time and time again, radical change is difficult. To create a more equitable and sustainable future, we must work together to ensure that the Fourth Industrial Revolution is inclusive and powered by diversity. We must invest to prepare people with the skills to succeed in the future economy, and we need to incentivize sustainable innovation across industries.

This year at the Annual Meeting in Davos, HP will share its blueprint for a successful and sustainable production ecosystem in a fully digitized world. The blueprint will help address the challenges faced during previous industrial revolutions and is based on three pillars: education, incentives, and collaboration.

Education: Accelerated innovation, radical transformation of age-old industries, and digitization of analog processes are all hallmarks of the Fourth Industrial Revolution. As a result, job requirements are shifting fast and will continue to do so in the future. Without reskilling the current generation of workers, we face a shortfall of 2 million alternative manufacturing jobs by 2025 in the US alone. Similarly, we must provide R&D funding to educational institutions to ensure the next wave of entrepreneurs and future generations are equipped with the new skills needed to function in the future economy.

Incentives: Governments can enable a sustainable ecosystem by incentivizing investment in and development of socially and environmentally beneficial digital manufacturing. A growing list of countries are now providing incentives to advance the Fourth Industrial Revolution. China, for example, has plans to invest $245 million over the next seven years and continue driving adoption of digital manufacturing technologies.

Collaboration: From business and government to educational institutions and local communities, we must collaborate across sectors to embrace new technology and overcome the challenges ahead. A great example of this is in Singapore with the partnership between Nanyang Technological University (NTU Singapore), the National Research Foundation (NRF) and HP to open a new lab dedicated to driving innovation, technology, skills and economic development critical to thrive in the Fourth Industrial Revolution.

As world leaders gather for the 49th World Economic Forum’s Annual Meeting this year, it’s clear we have an opportunity to support a more sustainable Fourth Industrial Revolution by committing not only to intentions but also to actions. In doing so, we can drive smart economic growth that protects the planet, provides greater opportunities for all, and helps make life better for everyone, everywhere.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Ending the era of dirty textiles

How Kolkata is tackling its air pollution with public transportation

Brunei’s new penal code would enshrine ‘cruel and inhuman punishments’ UN rights chief warns

VW emissions scandal: While U.S. car owners are vindicated, Europe still unable to change its laws and protect its consumers

UN rights experts call on Philippines Government to halt ‘unacceptable attacks’ on Victoria Tauli-Corpuz

Thursday’s Daily Brief: Climate crisis and food risks, fresh violence threat for millions of Syrians, calls for calm in Kashmir

Pride in practice: Equality in access to health services for the LGBT community in a third-world country

Global Trade Identity can be the cornerstone of paperless trade

A safer, more dignified journey for all migrants, tops agenda at global conference in Marrakech

National parks transformed conservation. Now we need to do the same for the ocean

Trade in fake Italian goods costs economy billions of euros

The challenges of Chinese investment in Latin America

Predatory labour taxation not an issue for the Commission

Parliament wants to suspend EU accession negotiations with Turkey

European Business Summit 2014: Sting Report, Day I

How the future of computing can make or break the AI revolution

The sun’s impact on Earth and weather celebrated, as planet marks World Meteorological Day

Medical students as the critical link to address climate change

We can save our ocean in three steps – if we act now

South Sudan: UN calls for end to inter-communal clashes, attacks against aid workers

Africa is aiming to create the world’s largest trading bloc. It won’t succeed without women

After globalization what? Europe’s long, straining shake-up post Davos wreckage

Why the world needs the youth revolution more than ever

South Sudan ‘revitalized’ peace deal must be inclusive, Security Council hears

Fertilisers/cadmium: Parliament and Council negotiators reach provisional deal

European Defence Fund on track with €525 million for Eurodrone and other joint research and industrial projects

‘Stronger’ effort must be made to cement peace deal for South Sudanese women and girls: UN Women chief

Peacekeeping chief honours Tanzanian troops in Zanzibar, a year on from deadly DR Congo attacks

The vegan economy is booming – and Big Food wants a slice of it

Boom in Artificial Intelligence patents, points to ‘quantum leap’ in tech: UN report

We have a chance to build the gender-equal workplaces of the future. Here’s how

How can we build a workforce for our digital future?

GSMA Announces Speakers for Mobile 360 – Russia & CIS 2018

Europe divided: 30 years on from the fall of the Berlin Wall

“No labels for entrepreneurs!”, a young business leader from Italy cries out

Cyclone Fani hits India, UN moves to protect vulnerable refugees in Bangladesh

COP21 Breaking News_03 December: UNFCCC Secretariat Launches Forest Information Hub

Want to cut greenhouse gas emissions? Look to digital technologies

In Gaza, UN envoy urges Israel, Palestinian factions to step back from brink of a war that ‘everybody will lose’

Only the Americans are unhappy with the ceasefire agreement in eastern Ukraine

Margrethe Vestager, European Commissioner for Competition, in Brussels - Berlaymont, last week. (Copyright European Union, 2017 / Source: EC - Audiovisual Service / Photo: Lukasz Kobus)

Amazon, Luxembourg and Ireland hit by EU’s latest turn of the screw over competition

‘We are nowhere closer’ to Israeli-Palestinian peace deal, than a year ago, Security Council hears

Brexit: the time has come to back the withdrawal deal

As Syria conflict enters ninth year, humanitarian crisis ‘far from over’, Security Council hears

Violence will not deter Somali people in their pursuit of peace, says UN chief, in wake of lethal attacks

National parks give a $6 trillion boost to mental health worldwide

Libyan authorities must shoulder the burden to support country’s ‘vulnerable’ south

The Chinese retail revolution is heading west

Trump denies climate change existence while Paris Agreement is not fully supported by G20 ahead of COP24

Here are 4 ways investors can influence more secure and responsible innovation

“As German Chancellor I want to be able to cope with the merger of the real and digital economy”, Angela Merkel from Switzerland; the Sting reports live from World Economic Forum 2015 in Davos

Prevent future crises and empower youth – now!

These coastal countries are sinking the fastest

Five cities short-listed to become the European Youth Capital 2017

Make the internet safer: stop using passwords

UN chief ‘alarmed’ by violations of UN-backed ceasefire in Libya

Global ageing is a challenge – and an opportunity

New rules for temporary border controls within the Schengen area

Health conditions for citizens of Yemen’s key port city ‘remain critical’ says UN agency

Will Merkel ever steer the EU migration Titanic and restore her power in Germany?

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s