Navigating the fourth industrial revolution to the bottom line

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<title>Navigating the fourth industrial revolution to the bottom line</title>
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<publisher> PricewaterhouseCoopers</publisher>
<dateIssued>2019</dateIssued>
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<abstract displayLabel="Summary">The fourth industrial revolution (4IR) has been met with both enthusiasm and fence-sitting. While sentiments and experiences have been mixed, most business leaders are now approaching 4IR with a sense of measured optimism. Indeed, larger systemic changes are underway, including building pervasive digital operations that connect assets, developing connected products and managing new, real-time digital ties to customers via those products. While manufacturers recognize the potential value of advanced technologies and digital innovationparticularly robotics, the Industrial Internet of Things (IIoT), cloud computing, advanced analytics, 3D printing, and virtual and augmented realitythey are still deliberating how and where to invest and balancing the hype with their own level of preparedness. Meanwhile, they're also well aware of the significant changes 4IR will bring to a new manufacturing workforcethat is, one that is increasingly symbiotic and increasingly beneficial for many workers and manufacturers alike.</abstract>
<note type="statement of responsibility">Manufacturing Institute, PwC</note>
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