Digital operations, or Industry 4.0, is on the agenda of manufacturing companies around the globe. Yet most business leaders have still not come to terms with the challenges and opportunities of digital
transformation or with the conceptual leap it represents.
Distinct from Industry 3.0, which involved the automation of single machines and processes, Industry 4.0 encompasses end-to-end digitization and data integration of the value chain: offering digital
products and services, operating connected physical and virtual assets, transforming and integrating all operations and internal activities, building partnerships, and optimizing customer-facing activities.
Mastering Industry 4.0 requires a deep understanding of collaboration, the commitment of top management, and a clear strategy. Companies that fail to embrace this radical change will likely struggle to survive.
Yet only a very few companies are poised at this moment to benefit from Industry 4.0. We call this select group Digital Champions.
Continue at: https://www.strategyand.pwc.com/media/file/Global-Digital-Operations-Study_Digital-Champions.pdf
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