If you’re a forward-thinking leader in the manufacturing space, Industry 4.0 is on your immediate radar. From major operational efficiencies to increased product customization, Industry 4.0 technologies are quickly transforming the manufacturing and industrial spaces.
As with any unprecedented opportunity, there is a sea of misinformation out there about this topic. To help you steer your ship and navigate a new wave of digital technology, we’ve pulled together this list of the most compelling Industry 4.0 stats.
Industry 4.0 in Manufacturing Stats
7% of global business leaders have a concrete strategy in place to pursue new income streams from the IIoT. (Source)
86% of manufacturers expect to secure simultaneous gains from both lower costs and added revenue in the next five years due to digitization. (Source)
72% of manufacturing enterprises predict their use of data analytics will substantially improve customer relationships and customer intelligence along the product life cycle. (Source)
60% of businesses say a rigid IT infrastructure is holding back innovation. (Source)
90% of manufacturers believe that digitization offers their company more opportunities than risk. (Source)
Companies with highly digitized supply chains and operations can expect efficiency gains of 4.1% annually while boosting revenue by 2.9% a year. (Source)
91% of industrial companies are investing in digital factories. (Source)48% of industrial companies expect to see a return on their investments in digital factories or digital concepts within five years. (Source)
48% of industrial companies expect to see a return on their investments in digital factories or digital concepts within five years. (Source)
Industry 4.0 Technology Stats
60% of businesses have implemented or plan to implement artificial intelligence. (Source)
60% of businesses see an integrated approach to cloud as a way to unlock the potential of disruptive technologies. (Source)
98% of industrial companies expect to increase efficiency with digital technologies. (Source)
By 2025, approximately 30% of all data will be generated in real-time. (Source)
By 2025, an estimated 150 billion devices will be connected across the globe. (Source)
It’s estimated that deploying AR/VR, autonomous vehicles, big data, machine learning and mobile could save the average U.S. company $85,000 per employee. (Source)
Industry 4.0 Workforce Stats
80% of employees believe AI will make work more empowering and engaging. (Source)
The Bureau of Labor Statistics expects the U.S. to add more than 24,000 jobs in network administration by 2026. (Source)
The Bureau of Labor Statistics expects the U.S. to add more than 10,500 jobs in network architecture by 2026. (Source)
35% of companies adopting Industry 4.0 expect revenue gains over 20% over the next five years. (Source)
39% of companies have hired an agency to recruit the skilled manufacturing candidates they need. (Source)
41% of manufacturers cite “finding skilled workers” as their number one challenge. (Source)
Ready to take your Industry 4.0 journey to the next level?
In the very near future, every company will need to make a decision—adopt Industry 4.0 technology and stay competitive. Or not.
It’s a lot to take in, but remember that every transformation starts with minor, incremental changes.
If your company is looking for a team to help you take the next step towards the future, get in touch today. We can help you navigate this new frontier with Industry 4.0 consulting and staffing services.