Published by Peter Pedross, CEO – PEDCO
Innovation and efficiency have reached new heights and the combination of such things into cyber physical systems has led to more complex and interdependent systems. How can we sustain such a pace for the future and continually evolve systems in the shortest possible lead time, especially in the context of regulated environments?
The last 10 years have seen the disappearance of well-known products and the arrival of new competitors in the marketplace. Who would have thought in 2007 that Nokia would disappear as one of the great brands in mobile phone and that Apple would take over the Smart Phone Market almost overnight? With the rise of new competitors such as Uber, Tesla, Airbnb, Netflix, Google, Facebook and others, we witness the rise of competitive pressure in all industries and new levels of innovation and efficiency are required. As we combine such systems into cyber physical systems with the Internet of Things (IoT), Industrie 4.0, Lean Start Up, and Agile we move into an increased complex and interdependent realm.