Industry 4.0 - Opportunities and Challenges of the Industrial Internet
Publisher:
PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft
An overview of how manufacturers can capture productivity and revenue gains by integrating digital capabilities across their value chains.
Productivity gains exceeding 18% achievable through integrated digital value chains
Additional revenue potential of €110 billion annually from digitized products and services
Key barriers to transformation including data protection, unclear business cases, and workforce capability gaps
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Year:
2014
Language:
English
Pages:
52
File Format:
Abstract
The industrial sector has seen a fourth industrial revolution, characterized by the increasing digitization and interconnection of products, value chains and business models. Our study, Industry 4.0 – Opportunities and Challenges of the Industrial Internet, is based on a survey of 235 German industrial companies that was conducted by the market research institution TNS Emnid. It outlines the essential attributes, opportunities and challenges posed by this development. The companies surveyed belong to the manufacturing and engineering, automotive and process industries, as well as the electronics and electrical systems and information and communications industries.