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Industry 4.0 explained

29 November 2017
Industry 4.0 (i4.0) technologies are rapidly disrupting business models. Here’s
why i4.0 matters.
Highlights
· Unpacking i4.0
· Time for bigger, bolder action

Industry 4.0 (i4.0) is a collective term used around the world to describe the
convergence of IoT-driven technologies, augmented decision making and
advanced automation. These next-generation technologies are fundamentally
transforming the traditional value chain by opening new revenue streams and
driving a step change in business performance.
What makes i4.0 so disruptive is that it is the first time an industrial revolution
has been predicted rather than observed, meaning that manufacturers can
get ahead of the curve rather than simply reacting to unexpected disruptions.
This presents an opportunity for organizations to solve some of the major
challenges they face today, such as: ‘Is my operating model fit for purpose?’
‘How do I grow my market share?’ and ‘How do I improve productivity without
increasing cost?”

Unpacking i4.0
Our experience suggests there are six key dimensions to i4.0 that every
manufacturing organization must consider.

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Time for bigger, bolder action
Unfortunately, despite the promise, our recent global benchmarking report on
the current state of Industry 4.0 readiness revealed that many businesses find
themselves ‘stuck’: their data- and technology-led approach has yet to deliver
the promised benefits. Many have experimented with pilot projects but are
now struggling to find a return on investment as they scale.
The bottom line is that the fourth industrial revolution is happening right now
and it is bringing unprecedented advances in technology.
Whether it’s the Internet of Things, Artificial Intelligence, Big Data or
Augmented Decision Support, it’s clear that these next generation
technologies hold the potential to be truly transformative for businesses and
their operations.
Do you want to learn more about i4.0? Watch our short, animated video and
learn what the leaders are doing to create competitive advantage.
What is i4.0 and where should businesses start? Watch this interview with
KPMG’s UK i4.0 experts to find out more.
Ready to achieve your objectives with i4.0? Contact one of our i4.0 leaders
around the world to talk about your unique goals and objectives.

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Member firms of the KPMG network of independent firms are affiliated with KPMG
International. KPMG International provides no client services. No member firm has
any authority to obligate or bind KPMG International or any other member firm vis-
à-vis third parties, nor does KPMG International have any such authority to
obligate or bind any member firm.