This book reflects Karl-Heinz Streibich's optimism about the technology industry and the richness of his connections with industry thought leaders. Throughout the book you will encounter the vision of Industrie 4.0 that is driving innovation across a wide spectrum of industries around the globe. With over 20 examples provided, you will read about GE's vision of the Industrial Internet and how it will bring massive efficiencies to aviation, utilities, and many other industries. You will discover how banks and insurance companies and oil companies and museums and casinos are innovating using a wide range of other technologies. Get ready to be inspired by some of the top companies in the world that are on the forefront of transforming into a Digital Enterprise.
Karl-Heinz Streibich is Chief Executive Officer of Software AG. For over 30 years, Karl-Heinz has been a well respected, trusted advisor in the technology industry to world-class companies. Karl-Heinz studied communication Engineering in Offenburg, Germany and visited postgraduate courses at Harvard University, Stanford University and London School of Marketing. He lives with his family in Frankfurt, Germany.
Vinnie Mirchandani is President of Deal Architect Inc, a technology
firm. The firm helps clients take advantage of disruptive trends like cloud computing and business process outsourcing (BPO) before they go mainstream. Between this firm and his previous role at the technology research firm Gartner, Vinnie has helped clients evaluate and negotiate technology contracts.
From Standard Mass Production to Mass Customization
It all began with Tin Lizzie — the Model T. Henry Ford’s slogan was “you can have any color so long as it is black.” For decades the mass production of the same product was the basis of economic growth and prosperity in manufacturing-based societies. However, during these years companies invested a great deal of effort and intelligence in two systems: (1) just-in-time production, intended to reduce capital spending; and (2) build-to-order to better align products with customer needs. Put simply, companies strove to make products that reflected and appealed to customers’ individuality.
Every decade, we witness a major shift in technology. Today, we are in the midst of an incredible revolution where the world is being reshaped by the convergence of mobile and social cloud computing, along with the ability of brands to develop one-to-one, personalized relationships with customers. The combination of these technologies enables us to connect everything together in a new way, and it is dramatically transforming the way we live and work. It's a phenomenal time.