According to the report of PwC, Industry 4.0: Building the digital enterprise, the advantages are many and all of them are very tangible.
First, an additional increase in income. The results of the document show that globally, digitally advanced industrial companies will experience an additional increase in their average annual turnover of 2.9 over the next 5 years. Worldwide, we could be talking about a global income of 493,000 million dollars.
The study warns that in Spain, however, as a consequence of the slowness of the process of digitalization of our industry, this additional boost of income will be substantially lower and will be at 1% annual average within the next five years.
In addition, the application of digital technologies in industrial processes and manufacturing will also have direct effects in terms of cost reduction and efficiency.
The study estimates that in the set of industrial companies surveyed this reduction in operating costs could be placed, on average up to 2020, at 3.6% - some 491,000 million dollars - and their levels of efficiency could increase in this period 4.1%. Again in the case of the industrial sector in Spain, this reduction in costs will also be lower, around 2% and the increase in productivity of 2.2%.
The report reveals that over the next five years industrial companies around the world will invest around 907,000 million dollars (approximately 772,100 million euros) to integrate digital technologies in their value chains both within companies and in your relationship with third parties. And 55% of respondents expect to amortize this investment in a period not exceeding two years.