MIT/ILP Calendar Event
Implementing Industry 4.0: Leading Change in Manufacturing and Operations
The term "Industry 4.0" refers to the combination of several major innovations in digital technology that are poised to transform the energy and manufacturing sectors. From advanced robotics and machine learning to software-as-a-service and the Industrial Internet of Things, these changes enable a powerful new way of organizing global operations. But how should executives lead this change within their own organizations so as to not negatively impact production, customer satisfaction, and corporate culture?
Implementing Industry 4.0: Leading Change in Manufacturing & Operations is a new program designed to help executives implement large scale technological change. Topics discussed include:
- New business models and forms of operations that are currently being enabled by technological innovations such as the Industrial Internet of Things (IIoT)
- The "hidden factory" that results from a counterproductive and unpredictable mix of old and new technologies. Over time, this results in an unknown "process" that delivers defect-laden products behind schedule.
- The importance of decoding cultural and workforce factors prior to making an investment in new technologies
- The overemphasis on visioning at the expense of fully understanding existing systems, the context in which those systems are operating, and the people who must use the technology
- Ways to increase a factory?s "IQ," leading to more productive and safer operations
- The role of the front-line leader in the adoption and successful execution of the new technology
* This course is not focused on the features or selection of specific Industrial Internet of Things/IIoT technology products or services. Instead, it is intended to help senior leaders in manufacturing and operations who are deploying Industrial Internet of Things technologies to obtain greater value from their businesses by diagnosing the states of their systems, measuring activities appropriately, and overcoming cultural obstacles to deployment of productive technologies.
In this program, executives and frontline managers will explore methods and tools that individuals, teams and organizations can use immediately to get the greatest value from technological change. Participants of this program will learn how to:
- Identify current-state problems that need to be removed prior to the introduction of new technology
- Eradicate "hidden factories" issues in process models and operations development of workforce skills
- Successfully incorporate new technologies without disappointing customers, overburdening employees, and hurting short-term cash flow
- Sequence the introduction of IIoT to accelerate adoption and time to cash flow
- Use IIoT to leverage existing Lean/Six Sigma/continuous improvement efforts
- Develop a coherent roadmap they can share with their entire company
MIT is located in Cambridge, Massachusetts. The campus, situated in close proximity to Boston’s Logan International Airport, profits from Boston’s excellent public transportation system and the on-campus Tech Shuttle. The closest subway station is Kendall Square, which acts as a commercial center for MIT and the local community.
ILP members receive a 15% discount on all MIT Sloan Executive Education open enrollment programs held in Massachusetts. ILP members receive a 15% discount on all MIT Professional Education courses. To obtain the discount code, click here (you must be signed in to this website as an ILP member to access the code).