Leaders lack confidence on Industry 4.0, report shows
Senior business executives and government agency leaders from around the world lack confidence in their organisations' readiness to influence and harness the opportunities offered by the Fourth Industrial Revolution (Industry 4.0), according to a research report by Deloitte Global entitled “The Fourth Industrial Revolution is Here –Are You Ready?”
Industry 4.0 is characterised by the marriage of physical and digital technologies, such as analytics, artificial intelligence, cognitive computing and the Internet of Things (IoT). Deloitte Global surveyed 1,600 C-level executives across 19 countries and conducted select in-person interviews to explore their readiness to leverage Industry 4.0 to benefit customers, employees, communities and other key stakeholders.
“The rapidly advancing technologies driving Industry 4.0 are bringing about social and economic change rapidly in an environment of unparalleled global connectivity and demographic change,” said Punit Renjen, Deloitte Global CEO.
The questions focused on four major topics: social impact, strategy, talent/workforce, and technology. The survey results indicate that while executives conceptually understand the changes Industry 4.0 will bring, they are less certain how they should act to benefit from those changes.
