- The high cost of implementing advanced technologies, including initial investments in IT and OT, is a barrier for many manufacturers.
- Existing employees do not possess the necessary skills or know-how to work with these advanced technologies.
- The risk of cyberattacks increases in a connected and data-reliant manufacturing environment.
- It is difficult to properly manage the overwhelming volume of data generated by advanced manufacturing technologies.
- A cultural shift is required to establish effective human-machine collaboration.
- Manufacturers need to support significant changes in design, sourcing, operations, energy, and waste management to become more sustainable.
Our Advice
Critical Insight
CIOs can address the immediate challenges of Industry 4.0 and 5.0 adoption by fostering strategic partnerships with technology providers, engaging with research institutions, participating in industry consortiums, and conducting joint research and development initiatives with vendors to drive a culture of continuous learning and adaptation.
Impact and Result
Manufacturers have realized that successfully adopting Industry 4.0 and 5.0 technologies is essential to remain competitive. From incorporating principles of circularity to reducing costs and and controlling emissions, emerging technologies will have a transformative impact on the industry.
Info-Tech will provide: