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Industry 4.0: Lessons for C-suite leaders

Industry 4.0: A reality check for C-suite leaders

The time for experimenting with Industry 4.0 is over. C-suite leaders need to pursue a strategic, value-based approach that will catapult manufacturing into the next generation.

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The fourth industrial revolution (Industry 4.0) has the remarkable potential to catapult manufacturing into the next generation. But true progress remains limited thanks to familiar roadblocks – from lack of leadership and strategic direction, to fear of disruption, uncertainty over ROI, and more.

The gap between C-suite ambition and tangible transformation remains real. 'Pain-point' solutions and pilot programs proliferate. Few organisations are achieving transformation at the scale and integration needed for new levels of value to emerge.

KPMG's latest report examines what some firms are doing right and what many others must do better. Our key takeaways will resonate with every manufacturer who does not want to risk being left behind:

  • Build holistic strategy from the corner office, not the plant floor;
  • Redesign your organisation from functional silos to value networks;
  • Create a dynamic culture embracing the enterprise value of new digital technologies;
  • Rethink your current KPIs – it’s time to redefine how to measure success.

Change for the future is not about adopting shiny new technology. It's about exercising leadership today that drives truly historic, unprecedented change for tomorrow.

You can download our report: A reality check for today's C-suite on Industry 4.0 here.

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