Industrial 4.0: How intelligent machines will transform everything we know

Mechanical engineer and partner at BCG’s Munich office, Markus Lorenz, shares his insights about how 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.