Industry will increase its earnings by 11.1% and reduce its costs by 19.4% with digitalisation, as will be shown at MATELEC INDUSTRY

The Global Digital Operations Study report for 2018 analyses the state of Industry 4.0 worldwide and in Spain

Two-thirds of Spanish industrial businesses are lagging behind in the process of digitalisation of the sector

Industrial companies expect, on average, to increase their earnings by 11.1% over the next five years and reduce their costs by 19.4% as a direct consequence of digitalisation. These are the findings of the Global Digital Operations Study report for 2018, produced by PwC‘s strategy consultants, which analyses the state of Industry 4.0 worldwide and in Spain through interviews with 1,155 industrial company directors in 26 countries.

The formulas for achieving this positive outcome can be seen at MATELEC INDUSTRY, the International Trade Show for Industrial Technology and Smart Factory, which will provide a response to the needs of the industrial sector, boosting its production potential towards a Smart Factory environment.

The report by the PwC strategy consultants also warns that two-thirds of Spanish industrial businesses are lagging behind in the process of digitalisation of the sector. It explains that 68% of them are at a position of medium or low digitalisation, with 32% at an advanced level. Of these, 5% can be considered digital leaders. This means that their entire value chain is already fully digitalised and integrated: from their manufacturing and operating processes through to their human resources, commercial procedures and relations with clients and suppliers.

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