Machinery industry can seize up to 50% productivity boost from 'factory of the future' innovations led by AI - Bain & Co report
They may be exploring how to incorporate digital tools or Industry 4.0 and sustainability measures.
- They may be exploring how to incorporate digital tools or Industry 4.0 and sustainability measures.
- But they still do so in separate organizational silos," said Michael Staebe , head of Bain & Company's global Machinery, Paper and Metals sector, based in Munich.
- "To truly become successful factories of the future and reap productivity gains, machinery companies need to address three critical challenges.
- Firstly, they should integrate the new Industry 4.0 technologies with their existing operational excellence approach and standards.