US Manufacturers Too Slow to Adopt Industry 4.0: BCG Study

Industry Week:  U.S. manufacturers recognize the potential of the digital technologies known collectively as Industry 4.0 to create value, but they are largely approaching the opportunity in piecemeal fashion and may miss out on the significant business benefits these technologies offer, according to new research from the Boston Consulting Group (BCG).

Nearly 90% of manufacturing leaders surveyed by BCG regarded adopting Industry 4.0 technologies as a way to improve productivity, but only about one in four see opportunities to use these advances to build new revenue streams. Many are pursuing isolated initiatives scattered throughout the company, BCG found in its new report, "Sprinting to Value in Industry 4.0," without a clear vision and coordination from the top.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Markforged:  Buyer's Guide to 3D Printing for Manufacturing

Markforged: Buyer's Guide to 3D Printing for Manufacturing

3D printing has become a powerful force in today's manufacturing industry from prototyping to tooling and fixtures to custom, end-use parts. Many businesses struggle to find the right solutions to fit their needs and provide ROI. Selecting the right platform to prevent manufacturing roadblocks is vital to optimizing your manufacturing line productivity. Download the all new buyer's guide to help you evaluate the benefits of 3D printing and dispel misconceptions, understand the pros/cons of various 3D printing processes and materials, and assess the key considerations in selecting a 3D printer.