Industry 4.0 can solve key challenges facing manufacturers – from extreme supply, demand, and design variability, to emerging markets of one, to the growing need for rapid innovation.
Leveraging the principles of Industry 4.0 – and its enabling technologies to automate, integrate, and optimize manufacturing processes – companies can shorten cycle times, improve product quality, and implement efficiency across their operations, as well as grow the manufacturing of highly customized products on a global scale.
Looking ahead to Industry 5.0, we anticipate the further restructuring of product development and production in ways that will redefine not only manufacturing processes, but also what a product is and the value it provides to customers.
As more products incorporate digital technologies, they will move from being a bundle of functionality and become platforms for value creation – both for the user and the maker of products. With each new product platform, new opportunities will be created for platform players to align with a platform and innovate on it.
Success will require more than just the loose ecosystems of partners and suppliers. We envision tightly integrated ecosystems, or “industry mashups,” of companies in different industries working together to provide distinctive, significant value to customers through the creation and delivery of more complete offerings.
This report examines and builds on these key ideas, covering:
- Taking industry 4.0 to the next level
- Bringing the customer into the product value chain
- Staying ahead of digital disrupters
- Expanding the definition of Industry 4.0
- Customer retention and catch-up innovation
- Customer empathy and incremental innovation
- Customer intimacy and disruptive innovation
- Looking ahead: industry 5.0 – platforms for value creation
To learn how emerging technologies and innovation platforms can accelerate your transformation journey with Industry 4.0, visit sap.com/leonardo.