UK and global companies are investing massively for Industry 4.0 success

UK and global companies are investing massively for Industry 4.0 success

Around 74% of UK firms1 expect to drive high levels of digitisation and integration by 2021, according to a new global report by PwC, Industry 4.0: Building the Digital Enterprise.

As manufacturing firms increasingly focus on Industry 4. 0, PwC’s survey of over 2,000 global companies across nine industry sectors reveals that 33% of global firms already rate their level of digitisation as high, with this value rising to 72% when asked for a five year prediction.

Industry 4.0“ – also called the fourth industrial revolution – focuses on the end-to-end digitisation of all physical assets and processes as well as integration into digital ecosystems with value chain partners. Data & Analytics is a core capability for Industry 4.0, where applications are fuelled by key enabling technologies. Read more

Source: pwc.blogs.com; image: mimeo.com