The Innovation World is Changing Due to the 4th Industrial Revolution

The fourth industrial revolution, also known as Industry 4.0, is transforming innovation in ways never seen before. The integration of technology and collaboration platforms is creating a faster pace of change than ever before. Manufacturers are under pressure to shift to product models that create and capture new sources of value. As a result, innovation is becoming more complex and organizations must adapt to the changing digital environment. The fourth industrial revolution has introduced Intelligent automation and new innovation ecosystems, which are building greater complexity into final innovation offerings. To succeed, innovators must learn to manage in new ways, exploring cross-disciplinary engineering and exploring the extended value chain. By recognizing the potential, we can start to think differently and shift our linear thinking to tackle innovation in a totally new way.