Towards the Next Industrial Revolution

Subject:Towards the Next Industrail Revolution

Speaker:James, M. Tien (Distinguished Professor and Dean, College of Engineering, University of Miami)

Time:3::00 p.m.,Oct.29,2012

Location:S304 of Zhongguancun Classroom Building

Abstract:

The outputs of the products of an economy can be devided into services products and goods products(due to manufacturing, construction, agiculture and mining). To date, the services and goods products have, for the most part, been separately mass produced. However, in contrast to the first and second industrial revolutions which respectively focused on the development and the mass production of goods, the  next - or 3rd - industrial revolution is focused on the integration of services and or goods; it is beginning in this second decade of the 21st century. The Third Industrial Revolution (TIR) is based on the confluence of three major technological enablers (ie, big data analytics, adaptive services and digital manafacturing); they underpin the integration or mass customization of services and / or goods. As detailed in an earlier paper, we regard mass customization as the simultaneous and real-time management of supply and demand chains, based on a taxomony that can be defined in terms of its underpinning component and management foci. The benefits of real-time mass customization cannot be over-stated as goods and services become indistinguishable and ar co-produced -as "servgoods" - in real-time, resulting in an over-whelming economic advantage to the industrilized countries where the consuming customers are at the same time the co-producing producers.