Investing in success

White Paper: Investing in success: How to compete in the Fourth Industrial Revolution.

By Siemens May 5, 2016

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.

Access the full white paper here.