This blog post was originally published by Deloitte Digital.
As Deloitte Digital envisions the future of businesses, we wanted to know how companies currently invest in Industry 4.0 to enable digital transformation.
To find out, we partnered with GE Digital to identify key questions that were used in a global survey we conducted of 361 business executives from organizations in seven industries (aerospace and defense, automotive, chemicals and specialty materials, industrial manufacturing, metals and mining, oil and gas, and power and utilities) with annual revenues ranging from $500 million to more than $25 billion. Respondents included both C-suite and non-C-suite executives representing different business functions from organizations spread across 11 countries in APAC, the Americas, and Europe.
The study brought to light five interesting paradoxes surrounding digital transformation:
What does this mean for our clients and how can we help?
Digital and GE Digital joined forces to transform the digital core, power the industrial Internet of things (IoT), and turn industrial insights into accelerated returns
By embracing industrial IoT, clients can reduce reactive maintenance costs, increase asset availability, improve employee productivity, and reduce environmental health and safety incidents. We are helping clients across a range of industries and sectors, including manufacturing, oil and gas, mining, power, and utilities.
At the end of the day, our survey results confirm the faith business leaders are placing in Industry 4.0 and the potential it offers to transform the organization. But our survey results also reveal a number of things that leaders should keep in mind as they traverse the digital transformation journey:
To learn more about Industry 4.0 and how organizations can advance their digital transformation efforts, take a look at “The Industry 4.0 paradox: Overcoming disconnects on the path to digital transformation” and our extensive collection of Industry 4.0 insights.
GE Digital joins forces with other leaders and innovators to build a powerful ecosystem committed to advancing the digital industrial era. Through our partnerships, we are sharing expertise, catalyzing development, and extending our reach. The result is a consistent, connected, and collaborative approach that harnesses the potential of the Industrial Internet and delivers powerful customer outcomes.