Despite the big data, analytics and artificial intelligence (AI) inherent in the Internet of Things (IoT), human capital remains the most important asset for the BMW Group as it embraces Fourth Industrial Revolution (Industry 4.0) technology. The iconic German car manufacturer's Regensburg plant was recently chosen as a ‘Lighthouse of the Fourth Industrial Revolution’ by the World Economic Forum (WEF), a term it uses for 16 selected factories which have successfully incorporated