Industry 4.0 brings benefits to consumers, economies and societies

As Industry 4.0 gathers pace, we are seeing new methods emerge of creating and distributing products and services. Business models are evolving and reforming; while online platforms are fundamentally rearranging working patterns, access to labour markets, and the creation of value.

Industry 4.0 technologies and smart factories bring a host of benefits to manufacturing businesses, economies and consumers.

Industry 4.0 and business

Improved efficiency, lower costs, higher revenues, increased innovation, less wastage and increased flexibility in product development (prototyping).

Industry 4.0 and the economy

Rise in income levels, creation of new business opportunities and sectors, and growth in safe and rewarding job opportunities.

Industry 4.0 and the consumer

Product customization with short lead times and low cost, emphasis on customer satisfaction, and enhanced and personalized customer experience.

Integrated at every step of the process

Businesses can unlock new possibilities by integrating Industry 4.0 technologies into every step of their manufacturing processes – from product development through manufacturing to distribution.

Explore the possibilities

As customer demand shifts to more personalised, customised and smarter products, the manufacturing businesses that thrive amid Industry 4.0 will transition from traditional ways of production and adopt new processes. To reap the benefits, economies and businesses should consider how to explore and harness of that Industry 4.0 technologies and processes.