Ideas worth spreading

Industry 4.0: how intelligent machines will transform everything we know

233,231 views | Markus Lorenz • TED@BCG London

The fourth industrial revolution is upon us: machines infused with intelligence. This transformation will change how manufacturing works today, making it faster and cheaper because a machine will know when it makes a mistake and correct itself. Markus Lorenz estimates that the next generation of industrialization could save the food industry alone $50 billion dollars a year. He explores the many ways this manufacturing revolution will impact the economy, and what kinds of other jobs this new chapter will create.

The fourth industrial revolution is upon us: machines infused with intelligence. This transformation will change how manufacturing works today, making it faster and cheaper because a machine will know when it makes a mistake and correct itself. Markus Lorenz estimates that the next generation of industrialization could save the food industry alone $50 billion dollars a year. He explores the many ways this manufacturing revolution will impact the economy, and what kinds of other jobs this new chapter will create.

This talk was presented at a TED Institute event given in partnership with BCG.

Read more about the TED Institute.

About the speaker

Markus Lorenz

Markus Lorenz

Mechanical engineer

Markus Lorenz is a Managing Director and Senior Partner in BCG’s Munich office and a core member of the Industrial Goods and Operations practices, with a focus on machinery and automation components. Lorenz studied industrial engineering at the University of Karlsruhe, holds an MBA from Vanderbilt University and earned a PhD in Mechanical Engineering from the Technical University Munich.

About TED Institute

Every year, TED works with a group of select companies and foundations to identify internal ideators, inventors, connectors, and creators. Drawing on the same rigorous regimen that has prepared speakers for the TED main stage, TED Institute works closely with each partner, overseeing curation and providing intensive one-on-one talk development to sharpen and fine tune ideas. The culmination is an event produced, recorded, and hosted by TED, generating a growing library of valuable TED Talks that can spur innovation and transform organizations.

Read more about the TED Institute

This talk was presented at a TED Institute event given in partnership with BCG.

Read more about the TED Institute.