Industry 4.0 and the Importance of Intellectual Property
Globalization and digitization are megatrends that affect every company around the globe. Supply chains stretch across continents, requiring increasing transparency and flexibility in dealing with problems and risks.
With Industry 4.0, sensors and data collection will no longer be confined to isolated production centres. Connected systems have the potential to change the way manufacturers and industrial companies run their business.
Industrial objects will be connected, virtualized and imbued with data measurement capabilities; physical and virtual objects will be given an identity; interconnecting many objects that can monitor and interact with each other.
Manufacturers are keen to stay competitive, but some are struggling to keep up. There is a strong focus on product customization to meet higher levels of customer demand. At the same time, keeping cost low, reducing lead time, holding less inventory, improve planning and fulfilment capabilities are stretching their limits.
People are making purchases through digital platforms and want deliveries to arrive quickly and efficiently. That has a direct impact on manufacturing and logistics activity and a deeper need to focus on the customer.
This presentation will introduce Industry 4.0 and discuss the risks to valuable intellectual property that open and global systems present.
Date and Time
- Date: 24 May 2018
- Time: 06:00 PM to 07:30 PM
- All times are (GMT+10:00) Australia/NSW
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- 8 Thomas St
- Chatswood, Sydney, New South Wales
- Australia 2067
- Building: Engineers Australia
- Room Number: Harricks Auditorium
- Co-sponsored by Engineers Australia and The IET
Bruce Grey of Advanced Braking Technology Limited
Bruce is currently Chairman of Advanced Braking Technology Limited listed on the Australian Stock Exchange, and he is a Non-Executive Director of CAP XX Limited listed on the London Stock Exchange.
He has more than 25 years’ experience in managing industry R&D and more than 35 years’ experience in international commercialisation of Australian innovation. He has been directly responsible for creating new manufacturing facilities in Germany, Thailand and South Korea and indirectly the US, all based on Australian innovation. Over this period, he also negotiated licence agreements in Japan, China, South Korea and the US yielding in excess of $100 million in royalties and licence fees.
Bruce was Managing Director of the Advanced Manufacturing Cooperative Research Centre, a position he held for four and a half years, until 2015.
In June 2017 he received the Jack Finlay Award for services to Australian Industry. This award is presented by the Institution of Engineering Technology.
Address:Sydney, New South Wales, Australia