Strategic Leadership of Industry 4.0: Smart Manufacturing for the 4th Industrial Revolution

About the Program

We are in the midst of the 4th Industrial Revolution (4IR). According to Professor Klaus Schwab, the Founder of the World Economic Forum, the speed of current breakthroughs has no historical precedent. When compared with previous industrial revolutions, the 4IR is evolving at an exponential rather than a linear pace. Moreover, it is disrupting almost every industry in every country. And the breadth and depth of these changes herald the transformation of entire systems of production, management, and governance.

A combination of cyber-physical systems, digital twins and the Internet of Things (IOT) make Industry 4.0 possible and the smart factory a reality. As a result of the support of smart machines that keep getting smarter as they get access to more data, factories are becoming more efficient and productive. Further the pace of these changes shows no signs of slowing down. There will be significant new opportunities as the underlying forces of Industry 4.0 and value creation are understood and leveraged. Succeeding in this rapidly changing world will require both a solid understanding of digital trends, smart manufacturing and innovative business models and an inspirational leadership style to be bold, take risks and lead complex change.

What you will learn

The goal of this program is to provide you with the knowledge and tools to lead the process of transformation and innovation as your organization seeks to succeed in the world of Industry 4.0. Lectures and case studies will provide a rich forum for in-class discussions and provide an effective combination of theory and practice. You will assemble key insights along three important dimensions

World Class Faculty

You will learn from world class faculty in this program from leading business schools and global corporates.

Professor Michael Spence

Nobel prize winner for economics in 2001, together with George Akerlof and Joseph Stiglitz for their analyses of markets with asymmetric information, Michael Spence is senior professor at the Department of Economics at Bocconi University and professor in the MBA program at SDA Bocconi.In 1981 he was awarded the John Bates Clark Medal from the American Economic Association.

Spence is also Professor in Economics & Business at the New York University Stern School of Business and Professor and Dean, Emeritus, at the Graduate School of Business, Stanford University. Michael Spence is currently a senior fellow at the Hoover Institution, serves as co-chair with Joseph Stiglitz of the Commission on Global Economic Transformation and is Senior Advisor at General Atlantic and a Senior Advisor at Jasper Ridge Partners.

He is the co-chair with Dr. Victor Fung, of the Advisory Board of the Asia Global Institute at Hong Kong University. Spence serves on the Advisory Board of the School of Economics and Management at Tsinghua University in Beijing. Spence chaired a global Commission on Growth and Development (2006-2010), addressed to growth issues in emerging economies.

Professor Soumitra Dutta

Soumitra Dutta is a Professor of Management at and the former founding dean of the SC Johnson College of Business at Cornell University, New York. He is the founder of the Global Innovation Index, published by the World Intellectual Property Organization and was the co-editor of the Global Information Technology Report, published by the World Economic Forum – two influential reports in technology and innovation policy.

He is also the founder and President of Portulans Institute, a non-partisan nonprofit research and education institution based in Washington DC.Dutta is on the global boards of Sodexo and Dassault Systemes. He is also a member of the Shareholder Council of Chicago-based healthcare consulting company ZS Associates. Dutta is a member of the Davos Circle, an association of long-time participants in the Annual Davos meeting of the World Economic Forum. He was the co-chair of the World Economic Forum’s Global Future Council on Innovation Ecosystems. He is also the Chief Academic Advisor to the Artificial Intelligence Forum of the Confederation of Indian Industry).

Professor Lutz Finger

Professor Lutz Finger is a Data Scientist in Residence at Cornell University. He runs the highly successful course “Designing Data Products” and is the author of the book “Ask Measure Learn.” Lutz heads up the predictions efforts in Google health. At Snap Inc. Lutz has built the data science and data analytics team.

At LinkedIn Lutz has led the Economic Graph Challenge – an exercise where LinkedIn data is used to create innovative products.As co- founder and former CEO of Fisheye Analytics, a media data-mining company, he supported governments and NGOs with data insights. Fisheye Analytics was acquired by the WPP group. He has an MBA from INSEAD, as well as an MS in quantum physics from TU Berlin.

Dr. Jayant Kalagnanam

Jayant Kalagnanam, Ph.D. is a Director of AI Applications (Industry 4.0, Asset Management & Supply Chain) & Distinguished Industry Leader @ at IBM for Heavy Industries with a strong applied orientation. He has strong background in applying AI (machine learning/deep learning) and Operations Research techniques to enterprise operations.

He has developed & deployed innovative solutions for various industries such as oil & gas, paper, metals, construction, electric utilities, smarter cities, semiconductors and supply chain. He is a member of the IBM Industry Academy and was the founding Researcher Director of the IBM Research Collaboratory – Singapore on Smarter Cities. Jayant has published extensively in top conferences and journals. He has over 75 refereed publications (h-index: 39, citations: over 11,000). Jayant has also been awarded 48 patents and filed 58 patents.

Your Learning Journey

During the program you will have the chance to learn from world class faculty through live virtual lectures . You will interact with industry executives and better understand ongoing global trends. You will be given the opportunity to work in groups on projects of relevance to your business contexts.

Who should take this course?

This program is designed for a broad range of executives across industry sectors. Managers of all functions and senior executives can gain insights, analyze challenges and implement change for winning in the world of Industry 4.0.

This program will benefit you if

• You are seeking to leverage the benefit of Industry 4.0 in your business
• You are interested to learn more about the leading trends in Industry 4.0 technologies such as digital twins, Internet of things (IOT) and Artificial Intelligence (AI).
• You are keen to apply smart manufacturing technologies to drive business innovation and new product development.
• You want to use the power of Industry 4.0 to deliver more value to your customers such as through personalization and new value adding services.
• You are a senior executive wishing to create a strategy for leading the transformation to Industry 4.0 within your organization.