Tag Archives: digital

Behind the scenes of the world’s leading industrial and manufacturing companies

Industrial leaders are digitising essential functions within their internal vertical operations processes, as well as with their horizontal partners along the value chain. In addition, they are enhancing their product portfolio with digital functionalities and introducing innovative, data-based services.

PwC has surveyed 2,000+ companies expecting to dramatically increase their overall level of digitisation. While just 33% rate their company as advanced today, that number jumps to over 70% looking ahead to 2020. While terms like the industrial internet or digital factory are also used to describe these changes, in this report PwC uses Industry 4.0 as a shorthand to describe a journey industrial companies are taking towards a complete value chain transformation.

Results show that Industry 4.0 digitises and integrates processes vertically across the entire organisation, from product development and purchasing, through manufacturing, logistics and service. All data about operations processes, process efficiency and quality management, as well as operations planning are available real-time, supported by augmented reality and optimised in an integrated network. Horizontal integration stretches beyond the internal operations from suppliers to customers and all key value chain partners. It includes technologies from track and trace devices to real-time integrated planning with execution.

Leading industrial companies also expand their offering by providing disruptive digital solutions such as complete, data-driven services and integrated platform solutions. Disruptive digital business models are often focused on generating additional digital revenues and optimising customer interaction and access. Digital products and services frequently look to serve customers with complete solutions in a distinct digital ecosystem.

PwC’s 2016 Global Industry 4.0 Survey of industrial companies is the biggest survey of its kind studying Industry 4.0 to date. With over 2,000 participants from companies in nine major industrial sectors and 26 countries, it goes to the heart of company thinking on the progress towards transforming into a digital enterprise.

Top 10 Technology Trends for Business for 2014

Today, all roads lead to digital. From business strategy to execution, digital technology has become the foundation for everything we do. As companies strive to bolster competitive advantage in a complex global environment, savvy business leaders are leveraging technology to accomplish their goals.

Digital technologies and always-on connectivity are ushering in extraordinary business opportunities. Yet, the proliferation of mobile apps, cloud-based data, and “anywhere, anytime” expectations are forcing leaders to approach IT in radically new ways.

Top 10 technology trends in 2014
Source: 6th Annual Digital IQ Survey, PwC

The 10 technology trends above seam to be on top of today’s executives. Ranked by current investment levels, the findings provide a part of PwC’s  6th Annual Digital IQ Survey.