Executive summary 3 Introducing the 2023 Lighthouse cohort: today’s leading edge 5 1 The Fourth Industrial Revolution inflection point 7 1.1 Disruption and uncertainty have driven innovation 8 1.2 Machine intelligence is defining the Fourth Industrial 8 Revolution 1.3 The adoption S-curve: from learning to doing in the 9 second chapter 1.4 Lighthouses lead the way for fast followers 11 2 Capabilities power Lighthouses up the adoption curve 12 2.1 From dozens of use cases to dozens of factories 13 2.2 Lessons from leaders: a six-part guide to building a Fourth 13 Industrial Revolution engine 2.3 Looking ahead to next-level scaling 20 3 Accelerating adoption in the age of AI 21 3.1 Impact is everywhere: applied AI in every process 23 3.2 Impact far, wide and fast: democratizing AI with ‘assetization’ 25 3.3 Towards system-level decision automation 26 3.4 GenAI innovations across the value chain 27 3.5 Speeding past pilots for GenAI, too 28 4 Shaping the next five years of the Global Lighthouse Network 30 4.1 Call for applications and engagement 31 Appendix: Lighthouse use cases, change stories and impact 32 Contributors 39