Industry 4.0 investments make a big impact
The report said that global industrial sectors would invest $907 billion per year through 2020 to embrace Industry 4.0.
A major focus of these investments will be on digital technologies like sensors or connectivity devices, and on software and applications like manufacturing execution systems. In addition, companies are investing in training employees and driving required organisational change.
More than half (55%) of these companies expect their investments to yield a return within two years, given an investment of around 5% of their annual revenue.