ARC Report Abstract

Global Challenges Require Global Responses with the Fourth Industrial Revolution Steve Clouther Thu, 02/21/2019 - 14:16
The 49th World Economic Forum Annual Meeting in Davos, Switzerland, January 22–25, 2019, drew more than 3,000 participants from 115 countries.  This year’s theme was "Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution.”

Overcoming Barriers to Digital Transformation

As we’ve learned, digital transformation can be a challenging, if necessary, journey.  At each year’s Forum, we learn more about how pioneering companies are overcoming these challenges and the associated operational and business benefits.  This year, one of the key Forum takeaways was that culture, rather than technology, is often one of the major barriers to digital transformation.

Field Service 4.0 Digital Transformation from Reactive to Proactive Services

Today, many equipment manufacturers are reclaiming the service relationship from the distribution channels with a modern field service management system and remote monitoring, thus allowing the move from reactive to proactive services.  Adding IoT to their products provides the infrastructure for predictive maintenance and proactive service.

Applying Industry Standards to Address Cybersecurity Risk

Executive Overview

The need to improve industry response to address cybersecurity risk is well established. Each new incident report increases awareness of the risks faced. The nature of the risks continues to evolve as new vulnerabilities and threats are discovered.  Beginning with the Stuxnet attack in 2010 a steady stream of incidents have shown that industrial systems are vulnerable to both general and targeted attacks.

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