INNOVATION: TRANSFORMING THE WORLD FOR GOOD(Part 5)

The cover story of this issue features a short glimpse of industrial revolution.

Must human beings submit to the harsh logic of machinery, or can technology be fundamentally redesigned to better serve its creators? This is the ultimate question on which the future of industrial civilization depends.?

Soon after the COVID time, there is a sudden paradigm shift experienced across manufacturing industries across the globe with respect to changing customers expectations, rising production costs, intense competition and volatile markets.

The below articles gives a glimpse over materials innovation:

Nevertheless to forget, one of the key factors driving market's growth is rapid industrialization, accompanied by signification growth in the digitalization. Lets know about some of the manufacturing industrial trends from the video attached below:

Hoping that you enjoy it. Socrates wisely said:

"The secret of change is to focus all of your energy, not on fighting the old, but building on the new."

In the world of endless reviews and options, it's easy to become paralyzed by indecision. Lets hear to a thought provoking ted talk by digital transformation expert Mohammed Khaiata, who walks us through the skills we need to become the leaders of our future.

At the core level, the challenges of the digitalization comes down to a simple fact that, evolution is the pathway to success. However, the impact of technological evolution is not uniform across the system and its sub-units.?

Now a days, Innovation is not only a new buzz word across many industries but indeed digital disruption is taking over the global market step by step. Its applications are increasing in various sector based on the customer supply demand cycle which in itself is undergoing a huge transformation interestingly. It feels like we are in the state of evolutionary mismatch, this means that the environment has changed to quickly for some of our genes to catch up. James Bridle wisely said,

Data is a valuable, powerful commodity — but unlike oil, it is unlimited in quantity?and?in its capacity for harm

We are all overloaded by data in all sphere of life which many a times get unnoticed. Knowing this, we have to take up the responsibility to enlighten the way for ourselves and others to make the process sustainable for lifetime. I tried summerizing some of the system inventive toolbox for sparkling innovation (both inside and outside the box) in the below article:

To ensure the highest level of satisfaction we need to understand that technology and technology utilisation are the key drivers of the manufacturing innovation and productivity enhancement, pushing the substantial and rapid transformation the business models and market structures.

The multifaceted character of technology has motivated different disciplines to come together to initiate cross functioning team projects. Within this general development path towards growing complexity, various stakeholders (states, companies, banks, NGOs, individuals) can use or try to shape technology in different ways, depending on their own interests, needs and wants within technology-based limitations, thereby furthering the ambivalence of technology in global affairs. Adding another fruitful ted talk for our food of thought:

I believe that in this recent wave of digital transformation, the manufacturing industries has opted for digital solutions to enhance its processes and optimization costs.

The academic community seems to have accepted the growing relevance of technology. Although, organizations have to wary of the security risks that come with growing digital footprint. In nutshell, manufacturing organizations need to adapt to the changing technology landscape to stay relevant and competitive.

Bonus video for your food of thought:

A traditional individual-based ethics would say that one should not exaggerate but this cannot capture the whole story of ambivalence in promising technology. Think about it, till I catch you on the next part of this write up.