CEOs of manufacturing companies around the world offer their views in a survey of digital transformation trends and the opportunities of Industry 4.0.
Digital technologies create tremendous opportunities for growth and transformation at manufacturers, but few have taken full advantage of them. In this 8th edition of the Global Manufacturing Outlook report, the findings from a survey of 300 CEOs and interviews with manufacturing industry executives and KPMG partners show there is no time to waste in building a comprehensive digital transformation strategy. Global manufacturing is being disrupted to its foundations and industrial demarcation lines are blurring. The fourth industrial revolution is dramatically changing the barriers to entry and is expected to lead to the reshaping of many companies - and even entire industries.
The game-changing tools around data analytics, artificial intelligence, advanced robotics, augmented reality, and others promise great benefits when they are combined with the connective power of the Internet of Things (IoT). To undertake the fundamental changes associated with digital transformation, manufacturers must have a clear, long-term vision and a plan that sets out what is needed to seize the opportunities and overcome the challenges of this endeavor.
© 2020 Siddharta Widjaja & Rekan – Registered Public Accountants, an Indonesian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.