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Managing Editor  | June 2017

KPMG releases Industry 4.0 report, encourages companies to be bold


KPMG, a professional service company and auditor, recently released a report intended to separate the reality of Industry 4.0 (i4.0) from the hype that surrounds this concept, which incorporates automation, data exchange, the Internet of Things (IoT), and cloud computing within a manufacturing framework.

 

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KPMG is urging companies to be bold in adopting Industry 4.0 technologies.
(Wikimedia Commons)

 

The main takeaway from the KPMG report was that it is time for companies to embrace the future and be bold in moving towards what will soon be the manufacturing standard.

 

“This report offers a realistic perspective on the current state of Industry 4.0 adoption and readiness across the market,” the announcement from KPMG read. “It is based on a series of in-depth benchmarking exercises with leading industrial manufacturers around the world. And it identifies how today’s market leaders are taking advantage of comprehensive i4.0 strategies to make changes to their business models, operating models and value chains.”

 

As 3D Printing Industry explained, the report was based on six dimensions: Services and Networks, Strategy and Business Model, Systems and Processes, Employees and Competencies, Finance and Risk Management, and Technology. The report was authored by Michael Bremicker, Global Head of i4.0, and Doug Gates, Global Sector Chair, and included in-person interviews with representatives of 26 companies from around the world.

 

The report stated, “What we found was that while most manufacturers are certainly investing into i4.0 capabilities and technologies — few have achieved the scale and integration required to drive enterprise value from i4.0. There are many working towards creating the ‘factory of the future’ or digital enterprise, but none that yet apply those capabilities across all of the corners of their operations.

 

“We believe that the time for small-scale i4.0 experimentation is coming to a close. Indeed, to win in tomorrow’s competitive environment, we believe that manufacturers will need to start being bolder in their vision, strategies and actions.”

 

The full report is available at the KPMG website and can be read at https://assets.kpmg.com/content/dam/kpmg/uk/pdf/2017/06/Industry-4.0-beyond-the-hype.pdf

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