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PwC’s 2016 Global Industry 4.0 Survey is the biggest worldwide survey of its kind, with over 2,000 participants from nine major industrial sectors1 and 26 countries. It goes to the heart of company thinking on the progress of Industry 4.0. The study explores the benefits of digitising your company’s horizontal and vertical value chain, as well as building your digital product & service portfolio. We include a detailed description and definition of Industry 4.0 in the main global report on the survey. In summary, industry 4.0 is being driven by digitisation and integration of vertical and horizontal value chains, digitisation of product and service offerings and the development of new digital business models and customer access platforms.
Behind the scenes of the world’s leading industrial and manufacturing companies, a profound digital transformation is now underway. The metals sector is no exception. Companies are digitising essential functions within their internal vertical value chain, as well as with their horizontal partners along the supply chain. In addition, they are enhancing their product portfolio with digital functionalities and introducing innovative, data-based services.
Many of these developments are happening now. Others remain for the future. The vision is for digitisation to encompass the entire value chain with real-time data linkages upstream to suppliers and downstream to customers and beyond to encompass after-service as well as end of product life management. The digitisation, integration and automation opportunities offered enable companies to collaborate both internally and across their value chains in ways that can provide a step change in productivity as well as design and build quality. And they are opportunities that are increasingly important as companies seek to stay relevant as the era of digitally-connected smart infrastructure develops.