Challenge #1 Digital skills: Respondents clearly defined three key areas of digital skill where shortages are already being experienced: digital production expertise, digital maintenance capabilities and operating and strategic analytics.
Challenge #2 Access to finance for the scale of investment: All interviewees consider that without access to appropriate and sustainable third party finance, manufacturers are precluded from acquiring the required digitalized technology for effective digital transformation.
Challenge #3 Creating a culture of collaboration: Whereas historically there has been a clear demarcation of roles and responsibilities, Industry 4.0 creates an interconnected environment where multiple perspectives can be combined and viewed.
Challenge #4 Data and cyber security: Over half of interviewees were of the view that these information security concerns are likely to give rise to a future market in specialized secure data sharing services.
Challenge #5 Comprehensive access to proof points: Proof points are defined as case studies about manufacturers’ investment in Industry 4.0 technology, which clearly illustrate the level and period of return-on-investment.
Challenge #6 Specialized strategic management and planning capabilities: Too few respondents have converted the need to digitalize and automate into a clear, phased, strategic plan. This includes evaluating the commercial benefits gained from each phase of investment, organized into a process where each phase is measured, and its impact on the following programme phases assessed and suitable adjustments made.