The term “Industry 4.0” was coined more than ten years ago to describe the revolutionary efficiency gains that could be achieved by digitalizing manufacturing operations. While many companies have taken initial steps to experiment and implement new technologies, the vast majority has not yet realized Industry 4.0’s anticipated improvements. On the contrary, it has become clear that various technological and organizational challenges make the digitalization of manufacturing more complex than initially expected.
Roland Berger has helped a wide range of global and Americas-based manufacturers to structure their Industry 4.0 efforts and develop a clear strategy and vision to realize the benefits of digital manufacturing technologies. Based on numerous client engagements and interviews with leading market experts, we have identified companies that have enjoyed more success and made significant advances over the past decade. These companies have several attributes in common.
First and foremost, they have a good understanding of their starting point and, based on that, a holistic strategy towards Industry 4.0 that considers market realities. Secondly, they have a clear prioritization of digital manufacturing use cases, a dedicated cross-functional advanced manufacturing team, a clear IT/OT target landscape and a strong focus on employee capability building. This helps leaders to focus investments on solutions that drive the highest value and pull funds out of projects that do not generate a certain ROI.
Less mature companies across manufacturing industries can learn from these best practices and develop their own vision and comprehensive strategy to accelerate their journey to “Industry 4.0”.