I believe that when it comes to industry 4.0, the true potential of your enterprise is not in what it does, but what it can do. The potential of your team is not what they can do today, but what they could do in the future. The opportunity doesn’t lie in what we know, it’s in what we don’t know yet.
The rate of change in the modern world is staggering and it shows no sign of slowing down – in fact, it is speeding up. Industry 4.0 is both an example of this, and a result of it. Digital transformation is at the heart of fundamental societal changes that are emerging. In the region that I lead for Rockwell Automation – specifically the Middle East, Turkey and sub-Saharan Africa – there are huge changes in progress.
Let’s start with the Middle East. It’s an area that is no stranger to change, with great cities having risen from the deserts – as well as great economies. And the industrial change in the area now is one of rapid diversification as whole new industries are envisioned at national levels and realized at break-neck speeds. Turkey, the ancient empire(s), bridging Europe with Asia, bridging tradition with future, bringing cultures together, is another market with enormous potential and possibilities for growth, always in a cycle of changes and reinventing itself.
The continent where everything started for humanity is set to reassert its position in our future. In sub-Saharan Africa, the population is projected to double by 2050. In fact, in the next 30 years the world’s population is set to grow by an incredible 2bn – an increase of more than 25% - and a large portion of that growth will be in sub-Saharan Africa. This exponential population growth comes at a time when the largest demographic for this region will be of working age – a fact that points to the potential for huge economic growth. Growth, incidentally, that will be championed by the digital generation.
The opportunities for industrial enterprises in these regions are evident. There is no doubt that the enterprises meeting the needs of the new markets by leveraging Industry 4.0 technologies and strategies are the ones that will succeed.
For most enterprises though, leveraging Industry 4.0 technologies requires strong change management capacity. It requires learning new skills rapidly, investing in the workforce, investing in new approaches, systems and technologies. It requires embracing disruptive technologies – and often it will entail being a positive disruptor.