Investing in success
White Paper: Investing in success: How to compete in the Fourth Industrial Revolution.
Manufacturing Chief Financial Officers (CFOs), interviewed across the globe, have high awareness of the Fourth Industrial Revolution, with all but two study respondents able to clearly articulate its benefits for their business.
They define the Fourth Industrial Revolution as the digitalization of processes, the Internet of Things, the installation of widespread sensors in the physical environment, and the ability to rapidly enhance production economics through real-time performance data analysis.
Manufacturing CFOs, however, face a major challenge to upgrade their existing organizational setup to take advantage of the new-generation digitalized technology and grasp the benefits of the Fourth Industrial Revolution.
Moving to the digitalized manufacturing environment also introduces an accelerated frequency of technology/software upgrades and improvements, imposing further pressure on manufacturers.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey