Frankfurt am Main, April 13 2016 -- Industrial companies from all sectors across the globe are getting down to business with Industry 4.0. The project’s implementation is in full swing all around the world: about one third of companies already rate their level of digitisation as high, and this value is expected to rise on average from 33% to 72% within the next five years. Industrial company’s leaders are digitising essential functions within their internal vertical value chain, as well as with their horizontal partners along the supply chain. In addition, they are enhancing their product portfolio with digital functionalities and introducing innovative, data based services. Companies worldwide want to invest approximately 5% of their digital revenue annually on digitisation. Based on the industry sectors surveyed, 5% of digital revenue corresponds to a total investment of $US 907 billion. A major focus of these investments will be on digital technologies like sensors or connectivity devices, and on software and applications like manufacturing execution systems. In addition, companies are investing in training employees and driving required organisational change. More than half of these companies (55%) assume they will amortise this expenditure within two years. These are the results of PwC’s global study “Industry 4.0: Building the digital enterprise” which surveyed over 2,000 companies from nine industry sectors in 26 countries.

Source: PwC

Photo: Industry 4.0 is a project in the high-tech strategy of the German government, which promotes the computerization of traditional industries. (Credit: Dickdavid/Wikimedia Commons CC BY-SA 3.0)

Comments

No comments to display.

Adalidda, Online Community dedicated to International Development, Innovation and Sustainability
Email: info@adalidda.com  Skype: adalidda  WhatsApp/Telegram: +85577778919
 Adalidda is published by Smart International Consulting, an international consulting firm specialized in the management of foreign direct investment in the Southeast Asia and West Africa.

Website version 3.4.2 Copyright 2017-2016 Adalidda/Smart International Consulting