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“Made in China 2025” versus “Industry 4.0:” Will digitalization compete with China’s relative advantages in manufacturing?

“Made in China 2025” versus “Industry 4.0:” Will digitalization compete with China’s relative advantages in manufacturing?

For the last three decades, the relatively low wage of the Chinese worker has propelled the country’s manufacturing sector. In 1990, China accounted for 3% of worldwide manufacturing by value. By 2011 it had become the world’s largest manufacturer. As Western Europe...
Is the Smart Factory a Good Investment?  An Incremental Approach to Digitalization

Is the Smart Factory a Good Investment? An Incremental Approach to Digitalization

Today there is a surge of investments in Industrial IoT startups. At the other end of the spectrum, industry behemoths such as GE and Siemens are betting their futures on the same opportunity. The question is whether we are in the middle of another tech bubble or...