The focus will now be on the end-to-end digitization of all physical assets, and on the integration of digital ecosystems with value-chain partners.
Feb 10, 2019—According to an Industry 4.0 global survey conducted by Price Waterhouse Coopers (PwC), one of the world's largest consulting firms, global industry leaders plan to invest 5 percent of their annual revenue in digitizing key vertical chain functions and horizontal levels of their companies, which corresponds to a total of $907 billion by 2020. The survey revealed that 72 percent of organizations expect to have advanced their level of digitization within five years. This is because it brings several benefits to the institutions and their clients. But first, it is important to understand what digitization is and how it should change the processes within a company.