Rip all the Benefits of the First Industry 4.0 Movers & Platforms
According to Klaus Schwab, World Economic Forum founder and writer of “The Fourth Industrial Revolution”, “Contrary to the previous industrial revolutions, this one is evolving at an exponential rather than linear pace. It is not only changing the ‘what’ and the ‘how’ of doing things, but also ‘who’ we are.” Although there are challenges associated with Industry 4.0, companies that hold back waiting to see how it turns out before investing, will fall behind.
According to PwC survey “Industry 4.0: Building your digital enterprise” – April 2016, the 9 industries surveyed plan to spend USD $907 billion p.a. globally. Those will result in anticipated additional revenues annually of USD $493 billion, in addition to strong gains in efficiency and cost reductions. Most companies (55%) believe they will see a return on investment (ROI) within two years or less.
Within the next 5 years, an advanced implementation of Industry 4.0 will become a “qualifier to compete”. According to the same report, companies who will not invest will find themselves struggling to maintain market share, on top of facing higher capital funding costs.
First movers of industry 4.0 will see truly game-changing improvements in cost structures, operational efficiency, and revenues. Waiting for the perfect technology can be short-sighted as the biggest challenge will not just be the technology, but the transformation of organization and culture, requiring long-term change programs.
Ask yourself if you can afford to be left behind or to delay your company's evolution into the new digital revolution. The stakes are too high. For more information also see Making the Transition. Be one of the first movers in the smart factory world. Empower yourself with the support of our Smart Software Solutions and Consulting and Services.