Manufacturing Magazine - June 2021 | Page 129

EMPOWERED PEOPLE REPORT
Impact of Industry 4.0 in next five years
1 % 1 %
On Industry

29 % 69 %

2 % 3 %
On their business

30 % 65 % by percentage of manufacturers

No impact Limited impact Some impact Significant impact
10 biggest challenges with Industry 4.0 adoption
Identifying opportunities / benefits of Industry 4.0
Adapting existing technologies
Security of corporate devices , network , and data
Network capabilities to handle Industry 4.0
Incorporating smart devices / embedded intelligence
Necessary skills / talent to leverage data / intelligence
Network capacity to handle Industry 4.0
Leadership support for Industry 4.0
Cultural adaptation / acceptance of Industry 4.0
Changing business processes and workflows to accommodate Industry 4.0
38 %
37 % 35 % 35 %
32 %
27 % 27 % 26 %
47 % 45 % by percentage of manufacturers
Source : MPI Group manufacturingglobal . com 129