Diving into Industry 4.0 | KPMG | TT

Diving into Industry 4.0 - A deeper look at the business world’s next big transition

Diving into Industry 4.0

Industry 4.0 is the natural evolution, the next step, for traditional industry, and digital transformation will have its specific role to play. To stay ahead, companies need to keep up with developments in their industries, and also, and perhaps more importantly and more challenging, understand what their competitors are up to. To accomplish this, companies need to adapt their industrial processes and remain agile and to leverage the transition into the future.

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Industry 4.0 goes far beyond simple automation of the production chain.

It’s an evolution that started in the 70's and which is driven by developments in electronics and information technology. The widespread adoption of information and communications technology by the manufacturing industry around the world is now paving the way for disruptive approaches to development, production, and the entire logistics chain. The interchange between the internet of things, services, data, and people will transform the future of manufacturing.

What characterizes Industry 4.0 and this fourth industrial revolution?

  • Vertical networking of smart production systems (such as smart factories and smart products) and the networking of smart logistics, production, marketing, and smart services, with a strong needs-oriented, individualized, and customer-specific production operation.
  • Horizontal integration by means of a new generation of global value-creation networks, including integration of business partners and customers, and new business and cooperation models across counties and continents.
  • Through-engineering throughout the entire value chain, taking in into account not only the production process but also the end products (the entire product life cycle).
  • Acceleration through exponential technologies that - while they are not really new in terms of their development history - are only now capable of mass market application as their cost and size have decreased (e.g. sensor technology and their computing power has risen massively).

These developments also affect Belgium. Our organizations and our clients are being confronted with challenges such as cyber security, value from data, regulatory developments, and large transformations including tax transformations. Companies need to be aware of these timely themes if they want to be able to keep up with the ever-changing world. They also need to be prepared for what may come in the future, especially in a business world where we see big players entering new markets, creating new competition, and large mergers and acquisitions defining the market in certain industries.

As we are here to assist you with hands-on advice and enable you to stay ahead of these developments, we are collaborating with the Antwerp Management School, Solvay Business School and the Federation of Enterprises in Belgium. We believe that we need to join forces to empower change and inpire confidence. Bringing together the different economic actors including but not limited to the entrepreneurs, .... we can create synergies that can make the difference.

© 2017 KPMG Central Services, a Belgian Economic Interest Grouping ("ESV/GIE") and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

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