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Business model diversification
Middle market manufacturers recognize that Industry 4.0 offers the opportunity to both improve the bottom line and spur top-line growth. They see it as “lean 2.0” and more—not just unlocking new operational efficiencies and reducing risk, but as potentially transformational to their business itself.
Successful Industry 4.0 adoption requires collaboration between functional areas of the business that have historically operated in silos. Building cyber-physical systems that integrate software and information together.
Middle market manufacturers are most concerned that failure to adequately invest in Industry 4.0 will lead to encroachment from non-traditional competitors. Even without manufacturing roots, a technology upstart has the potential to disrupt manufacturing, whether through hyper-customization or transforming the economics of production.
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