Manufacturing Magazine - June 2021 | Page 108

SAP INDUSTRY 4.0
INTELLIGENT FACTORIES BY THE NUMBERS

$ 210 billion Investment in Industry 4.0 is expected by 2026 Source : Facts & Factors

8 in 10 manufacturers agree intelligent automation will help their business improve results

70 % of manufacturers in “ pilot purgatory ”, unable to scale smart factory innovations

Source : 2020 IBM Institute for Business Value Source : McKinsey

59 % of manufacturers say Industry 4 . 0 will have “ significant impact ” on the industry in next five years

88 % of manufacturers forecast an increase in smart devices and embedded intelligence in their production processes within two years …

… despite this just 46 % of company executive have full access to the data access they need for Industry 4.0 analytics and planning

Areas of biggest performance improvements from Industry 4.0

85 % Machine reliability and uptime

84 % Product quality

83 %

Customer Satisfaction
108 June 2021 Source : MPI / SAP