Operations in the Time of Industry 4.0: A guide to managing the clash of digitalization and real time operations
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About this ebook
However, there is a workforce too, carrying parcels up stairs, driving trains, and mowing the lawns. The majority of these people are neither in their twenties nor are they multi-lingual computer science graduates.
It may seem that the world of work will increasingly be divided into a small group of digital sorcerers and a large group of muggles taking care of the grunt work. Is that inevitable? Is operations doomed to a future of being a meaningless sidekick to the digital world?
The exact opposite is true. However, in order to leverage digital solutions in operational processes, we need to change our ways - quickly and dramatically.
This book holds some good advice on how to do it.
Stefan Tontsch
Stefan Tontsch - born in 1974 - is living in Berlin, the heart of the European start-up scene and is currently VP Operations at FlixBus. As a mathematician he started his career in IT, working on tools like the Deutsche Bahn yield management system. His Operations Mantra - a tech-based approach to operational processes - became the starting point for this book.
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Operations in the Time of Industry 4.0 - Stefan Tontsch
read.
BUSINESS POTENTIAL OF
OPERATIONS 4.0
It doesn’t take long to figure the difference in company value between a tech company and an old economy business: It is in the multiple of the turnover.
You can think whatever you like about the true value of a tech company, but it is a fact that, on the same turnover, their value is 6 to 12 times higher.
Without drilling too deep into the reasons (as it would lead us off topic), the fundamental investor expectation behind it is that the market sees a more promising future for tech companies than for old economy companies.
Old economy has a business – tech has a future
On a tech platform you can scale, grow, and enter new markets with very little effort. You can adapt to changes quickly, and you avail of opportunities for great margins when