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Industry 4.0: how intelligent machines will transform everything we know

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Markus Lorenz |

TED@BCG London

• June 2015

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.

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.

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