These and many other insights are from the recently published Price Waterhouse Coopers (PwC) report, Industry 4.0: Building The Digital Enterprise (PDF, no opt-in, 36 pp.). PwC has also provided an online summary of their study here. PwC’s Industry 4.0 survey is the largest of its kind globally, with over 2,000 participants from nine major industrial sectors including aerospace, defense & security; industrial manufacturing; engineering & construction; chemicals; electronics; transportation & logistics; automotive; metals and forest-based paper & packaging. The study’s scope also included 26 countries. For additional information on the methodology, please see page 33 of the study. PwC found that over the next five years, the companies surveyed expect to increase annual revenues by an average of 2.9% and reduce costs by an average of 3.6%.
Key takeaways from the study include the following:
This article was written by Louis Columbus from Forbes and was legally licensed through the NewsCred publisher network.
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