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76% of Czech manufacturing companies continue to see Industry 4.0 as an opportunity to grow business

Company: EY

  • Almost half of companies plan to significantly change their current business model over the next 3 years, under the influence of Industry 4.0, which is 7 percentage points higher compared with last year results 
  • Two thirds of companies assess their Industry 4.0 maturity as comparable or higher than maturity of their competitors 
  • As in the last year’s survey, 57% of companies considered lack of qualified staff the biggest obstacle to implementing Industry 4.0. 

Future of production, increased efficiency, digitization and technological development. Industry 4.0 covers it all. Czech companies associate the benefit of the new industrial revolution most often with productivity gains (51%), efficiency gains (47%), or the provision of data for production control (40%). These are results of the second EY survey "Industry 4.0 from the point of view of Czech practice". A total of 102 major Czech manufacturing companies took part in the survey. 8 out of 10 companies surveyed consider Industry 4.0 to be an opportunity to develop their business, and one-third wants to allocate more than a tenth of its total investment spending over the next three years in Industry 4.0 technologies and tools. 

Read more details in Czech

Tags: Business Development | IT |

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