The article defines and describes the impacts of Information Technolog
ies on manufacturing, where manufacturing is understood as the process
of producing the product capabilities according to customer needs, co
vering all the steps in the value adding chain. The first impact descr
ibes changes in society and industry with a focus on employment and in
dustrial relations. The second impact is on dynamics of technological
and business processes by usage of simulation as an interdisciplinary
acceleration tool. The third impact deals with both electronics and so
ftware as value adding core elements of products. A fourth impact may
be identified on classic products, where sensor technologies speed up
production processes with a significant quality enhancement. Finally t
he impact of information technology on the human user itself is addres
sed. Cultural change is shown to be necessary and inevitable to tackle
the future economical risks of the information age.