Industry 4.0 is today’s most dynamic business opportunity
Industrial revolutions are momentous events. By most reckonings, there have been only three. The first was triggered in the 1700s by the commercial steam engine and the mechanical loom. The harnessing of electricity and mass production sparked the second, around the start of the 20th century. The computer set the third in motion after World War II (see “The Man Who Made the Computer Age Possible,” by Jeffrey E. Garten). Continue reading “Industry 4.0 is today’s most dynamic business opportunity”
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. Continue reading “UK and global companies are investing massively for Industry 4.0 success”
According to this new report by PwC, innovation can no longer be considered as a purely technological endeavour aimed at developing products and processes. Continue reading “Transformation Power of Service Innovation”