The World Economic Forum and the consulting firm McKinsey & Company collaborated with academics to create the concept of lighthouse factories in 2018. The concept represents a vision for manufacturing in the digital age, in which cutting-edge digital technologies are designed and deployed to enable innovative manufacturing practices to be implemented at large scale. The concept has since become a global standard for digital manufacturing. For McKinsey & Company, and other consulting firms, this vision brings significant opportunities but also requires these organizations and their consultants to obtain an in-depth and nuanced understanding of lighthouse factories and the underlying business models, practices, technologies, and cases.
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