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DOCUMENT DESCRIPTION

US manufacturers recognize the potential of new digital industrial technologies to create value, but they have yet to fully appreciate the scope and magnitude of the opportunity or find the path to success.

Companies must set ambitious goals and capture value rapidly over the course of a multiyear transformation. The winners will approach the race to Industry 4.0 as a series of sprints but manage their program as a marathon.

This presentation reviews the key benefits to Industry 4.0 technology and outlines 6 steps companies can take to unlock revenue growth and reduce costs.

1. Create a cross-functional innovation team.
2. Gain experience in how Industry 4.0 works.
3. Define a plan for Digital Transformation.
4. Develop and execute lighthouse projects.
5. Use battle-tested techniques to manage the Transformation.

This framework is designed for US manufacturing companies yet to fully take advantage of Industry 4.0 technology. Additional content includes an outline of what is Industry 4.0, several case studies of businesses that have successfully implemented Industry 4.0 and four imperatives to ensure success.

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Source: Industry 4.0 Transformation PowerPoint document

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This business document is categorized under:
Business Framework Primers

File Type: PowerPoint (ppt)

Tag(s): Manufacturing, Fourth Industrial Revolution, Industry 4.0

Number of Slides: 24

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Upload date (first version): Jun 8, 2017

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