![]() The assessment is comprehensive, reviewing processes (including operations, supply chain, and product lifecycle), technology (automation, connectivity, and intelligence), and organization (talent readiness). One is the Smart Industry Readiness Index (SIRI),a neutral, third-party review that evaluates the industry 4.0 readiness of a company’s production capacity. Yet over the years it’s also become increasingly clear what it takes to break free from the trap: a clear articulation of the company’s desired future, an understanding of its most pressing business problems, and a highly specific perspective about which technologies could address them.īusiness looking to free themselves from the pilot trap have additional resources as well. In late 2020, 74 percent of respondents indicated that they were facing such challenges-even more than the 70 percent who said so in 2017. Indeed, our yearly global survey of manufacturing companies indicates that more than ever, most companies remain stuck in a “pilot trap” when it comes to Industry 4.0 implementation. Conversely, for those companies that hadn’t scaled-or even begun-their digital transformation, the past year has served as a serious wake-up call to review operational strategies and refocus on Industry 4.0 capabilities. In fact, in a survey of more than 400 global manufacturing companies, 94 percent of respondents indicated that Industry 4.0 helped them to keep their operations running during the crisis, and 56 percent said the digital transformation they undertook was essential to their pandemic responses. Recent evidence shows that the move towards digital transformation is gaining momentum across virtually all sectors. ![]() The pandemic’s disruptions have underscored that integrating advanced technologies better equips organizations to achieve operational excellence-the foundation of long-term resilience to and sustained competitive advantage. October 21, 2021Long before the COVID-19 pandemic, companies were already seeing the significant benefits that Industry 4.0 technologies can provide when adopted at scale. ![]()
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