Capturing the true value of Industry 4.0
Source: McKinsey & Company
Ewelina Gregolinska and her colleagues argue in this McKinsey contribution that a large majority of organizations are struggling to capture the full potential of their Industry 4.0 transformation efforts or deliver a satisfactory return on investment.
The article explores some of the common pitfalls associated with digital transformations and how a more strategic and value-driven approach could help.
They suggest seven “golden” principles for helping organizations get the best out of such investments; Industry 4.0: communicate well and often, be specific, Segment and syndicate, formalize the value at stake, develop a three- to five-year vision for the network, design a digital-manufacturing road map, and secure leadership buy-in.