Global insights into Industry
4 minutes | 15 Nov 2018
A raft of recent global surveys has made bold predictions about the future growth of Industry 4.0
Change continues apace for some economies but there are too many being left behind. McKinsey & Company says the digitisation of the manufacturing process is expected to create up to $3.7trillion in value to global manufacturing and Accenture believes the Industrial Internet of Things will add $14.2trillion to the global economy by 2030.
So, which global nations are on track to reach these goals using manufacturing technologies to improve productivity? And which are struggling to make the necessary changes? Where is the greatest and least progress being made on the Industry 4.0 (2) pathway? Where are the breakthroughs and barriers? Who has the smart factory of the future?