CHANGE DOESN ’ T COME EASY
INDUSTRY4.0
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The future of Industry 4.0 is shining bright . The revolutionary approach to digital integration is transforming manufacturing in more ways than one .
Not only are manufacturers leveraging new technologies to create and sustain smart factories , but their businesses are experiencing more flexibility , reliability , stable outputs and increased productivity .
Companies across the industrial sector stand to grow annual revenues by as much as $ 493bn over the next five years as a result of Industry 4.0 , according to a study from PwC . The research also shows that the digital innovations driving Industry 4.0 may save companies $ 421bn in costs annually up until 2020 .
The greater connectivity and efficiency promised by Industry 4.0 is driving rapid growth . However , all that glitters isn ’ t always gold . While the rise in digitisation shows no signs of stopping , there ’ s also challenges in making Industry 4.0 a reality for your business .
CHANGE DOESN ’ T COME EASY
While Industry 4.0 brings significant advancement and real business benefits to manufacturers , digitising supply chains is a huge undertaking . Moving from a traditional factory to a smart factory is a noble path — but one fraught with tough decisions .
To overcome these challenges , establish a clear understanding of what you ’ re actually up against in adopting Industry 4.0 . Benefit from the marriage of automation and data exchange by remaining realistic about the roadblocks you may encounter , including :
SEPTEMBER 2018