Management SummaryStern Stewart Research // Volume 65
Industry 4.0 has become the all-dominant vision for the future of industrial production. The technologies and IT systems it is based on are already far advanced and their benefits and importance for remaining competitive are undisputed.
Now manufacturing enterprises are faced with the challenge of transforming the Industry 4.0 vision into reality – especially in their operational processes, manufacturing and IT strategies as well as company structures. And they need to define a clear path to this reality.
A typical case from the mechanical engineering industry in this study shows that the most complex change does not lie in how companies apply individual technologies, but in developing a company-wide Industry 4.0 strategy and linking together heterogeneous processes and systems, because this is the only way to fully exploit the cost and sales potential that Industry 4.0 offers. What is more, Industry 4.0 will also bring about enormous changes in the structure of staff and company, and these will have to be dealt with.
1. Changes in operational processes resulting from Industry 4.0 2. Strategic dimensions of Industry 4.0 in the IT and production strategies 3. The road to the destination – cornerstones of the implementation roadmap
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