Industry 4.0 needs a new economics

Georg Giersberg explained that Industry 4.0 is not just about technical solutions; that business experts are also required to shape processes, connect production technology to commercial software and to manage and interpret the great diversity of available data. He defined Industry 4.0 as the fourth industrial revolution involving the networking of all objects in our everyday lives. Mr Giersberg went on to explore in depth the implications of Industry 4.0 for the various stakeholders and for jobs, and its impact on organisations and employees. 

Georg Giersberg completed vocational business training before studying business administration at Paderborn University and then moving into journalism. In a professional career spanning over 30 years, he has covered many different sectors. He now specialises in business, in particular accounting, business management, motivation and trade fairs. Since the emergence of Industry 4.0 in 2011, he has been in charge of the field for the business team at F.A.Z. with a particular focus on the business implications of digital networking, from new business models to other processes and changes to entire organisations.