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Boardroom Questions Industry 4 0

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22 views2 pages

Boardroom Questions Industry 4 0

Uploaded by

VAISHALI MAGHADE
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Boardroom Questions

Industry 4.0 – The fourth industrial revolution

If machines and products become more connected, what does the future look like for
global manufacturers?

By 2020 there will be a projected Only 1 in 5 manufacturers are


30 billion connected “things” and demonstrating high levels of
a revenue opportunity of USD 1.7 maturity in both smart products
trillion for the ecosystem and smart factories
IDC: Worldwide Internet of Things KPMG: i4.0 maturity assessment
Forecast, 2015-2020 (IDC#256397) study, 2017

Industrial revolution

The advent of cyber physical systems

1st Steam, water,


mechanical 2nd Division of labor,
electricity, mass 3rd Electronics, IT,
and automated 4th Cyber-physical
systems -
production production production integrated and
equipment systems interconnected

Technologies enabling the i4.0 movement

Robotics Cloud Machine-to Digital AI & virtual Data &


-machine twinning reality analytics

What is i4.0 … and the potential opportunities and risks?

Industry 4.0 (i4.0) is a shift from digitization to cyber-physical systems through integrated and interconnected
technologies such as Internet of Things (IoT), robotics, big data and augmented decision support

Pitfalls to avoid include: Potential benefits include:

— Underestimating the importance of people e.g. — Greater flexibility to adapt to customer


limited planning to retrain existing workforce or find high- demands;
tech talent — Enhanced speed to market
— Adopting new technologies without tying them to — ‘Competitive edge’ with smarter products;
strategic business objectives or knowing their expected — new revenue streams from aftermarket services
ROI
— Enhanced business models to avoid being
— Insufficient cyber security disrupted
— Lack of strong, enterprise-wide governance structure

Boardroom Questions/2019 KPMG International


Boardroom Questions ?
1 How different do we imagine our manufacturing 7 What ‘Smart Factory’, ‘Digital Factory’ or
facilities will look in the next 5 -10 years in light of ‘Industry 4.0’ initiatives are already underway at
rapidly increasing i4.0 technologies (e.g. advanced our organization?
automation, IoT, artificial intelligence, etc.)?
8 How are we encouraging successful i4.0
2 How are we addressing innovation and disruption pilots/initiatives to be shared/embraced across our
in our sector? enterprise?
Have we considered new revenue streams or 9 How is the move towards new i4.0 technologies
3 business models based on ‘smart product’ being received in our organization (e.g. with
initiatives? skepticism or seriousness)?

4 How well have we integrated supply chain 10 Given the rapid advances in i4.0 technologies, what
partners to speed up products to market, lower initiatives are we engaging in to attract/retain and
manufacturing risk and improve connected products? support the workforce of the future?

5 How confident are we that we are getting adequate 11 How confident are we that our connected factories,
return on our i4.0 investments? supply chains and product data are secure from
cyber-attacks?
6 What criteria are we using to decide which i4.0
technologies to invest in?

?
Questions for senior management

1 How can we grow our market share? 5 What are the expected returns on our i4.0
investments?
2 Is our operating model fit for purpose?
How do we improve our productivity and dramatically
6 How do we ensure successful i4.0 pilots are adopted
across the wider enterprise?
3 impact our cost curve?
7 What is our competition doing?
4 What does our i4.0 roadmap look like?

What actions can the Board consider?

1 Take stock of what i4.0 pilots/initiatives are already 3 Hold an innovation workshop to enable a
underway and determine criteria for scaling them strategy and performance-led i4.0 road-mapping
across the enterprise
4 Appoint an i4.0 leader or steering committee to
2 Conduct an i4.0 maturity assessment and ensure enterprise-wide, holistic i4.0 adoption,
benchmarking addressing governance, people, risk, etc

Contact us:

Doug Gates Erich Gampenrieder Michele Hendricks Click here


Global Sector Head, Global Management Global i4.0 Executive Director, for more information
Industrial Manufacturing, Consulting Operations KPMG International kpmg.com/industrialmanufacturing
KPMG International Center of Excellence Leader, Executive Director, Industries
Principal, Advisory KPMG International KPMG in the US
KPMG in the US T: +49 89 9282 1700 T: +1 203 406 8071
T: +1 404 222 3609 E: egampenrieder@kpmg.com E: mhhendricks@kpmg.com
E: dkgates@kpmg.com

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we
endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will
continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the
particular situation.

© 2019 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with
KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other
member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

The KPMG name and logo are registered trademarks or trademarks of KPMG International.

Create Graphics | CRT101561A January 2019

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