ISG Virtual Event to Explore Future of Smart Manufacturing

Keynote presenters with Schneider Electric, RWTH Aachen University, South Carolina Research Authority join manufacturing experts to discuss Industry 4.0 initiatives

STAMFORD, Conn., June 04, 2020 (GLOBE NEWSWIRE) -- Leaders with Schneider Electric and Diebold Nixdorf will join other manufacturing executives, top academics and ISG experts to explore the factory of the future at the ISG Virtual TechXchange: Smart Manufacturing summit, hosted by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The online event, June 9 at 9 a.m., U.S. Central Time, will explore Industry 4.0 through virtual keynote addresses, panel discussions and technology demonstrations in the ISG Exhibit Hall. Discussions will cover digitization of the product lifecycle; smart manufacturing ecosystems and operating models; how to augment and empower the workforce with technology; the industrial internet of things, and the factory of the future.

David Lewis, partner in the ISG Manufacturing practice, will open the day-long event with a presentation forecasting the accelerated adoption of smart manufacturing, post-pandemic.

“In the first quarter of 2020, the smart manufacturing industry was experiencing exceptional growth, with a compounded annual growth rate of 12.4 percent forecasted through 2025,” Lewis said. “Since then, workflows and processes have changed dramatically, as manufacturers have repurposed facilities and manufacturing lines to assist with pandemic response.” 

As the world starts to emerge from the shutdown, Lewis said this is an ideal time to hear what experts across manufacturing have to say about the post-COVID-19 environment. “We’ll take a look at the forecasts, trends and options for smart manufacturers to mitigate the turbulence of today and prepare to maximize value and return on investment (ROI) in the new future,” he said.

Frank Piller, professor of management and head of the Institute for Technology and Innovation Management at RWTH Aachen University in Germany, will discuss how to draft a smart manufacturing strategy in the age of COVID-19 in “Industry 4.0 in the Post-Corona Economy: The Future of Digital Business Models for Smart Manufacturing.” In his keynote presentation, Piller will assert that the pandemic will act as a catalyst, reinforcing existing trends and fundamentally changing industrial value creation.