US Manufacturers Too Slow to Adopt Industry 4.0: BCG Study

Industry Week:  U.S. manufacturers recognize the potential of the digital technologies known collectively as Industry 4.0 to create value, but they are largely approaching the opportunity in piecemeal fashion and may miss out on the significant business benefits these technologies offer, according to new research from the Boston Consulting Group (BCG).

Nearly 90% of manufacturing leaders surveyed by BCG regarded adopting Industry 4.0 technologies as a way to improve productivity, but only about one in four see opportunities to use these advances to build new revenue streams. Many are pursuing isolated initiatives scattered throughout the company, BCG found in its new report, "Sprinting to Value in Industry 4.0," without a clear vision and coordination from the top.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Zeigo Activate by Schneider Electric: Energy efficiency software for manufacturing facilities.

Zeigo Activate by Schneider Electric: Energy efficiency software for manufacturing facilities.

Whether you're responding to new legislation and regulations or getting pressure from stakeholders and customers, Zeigo Activate empowers companies to effectively calculate, track, and reduce their carbon footprint and become more energy efficient. By providing valuable insights, actionable data, and intuitive tools, Zeigo Activate is tailored for businesses at any stage in their energy efficiency journey. Our easy-to-use software allows you to set your emissions baseline and target, receive a customizable project roadmap, and connect to a network of regional solution providers in energy efficiency and renewable energy so that you can put your ambitions into action.