2024 Industry 4.0 Barometer
Published November 20, 2024
- Industry
- Industry 5.0
Digitalization and Industry 4.0
For this 9th edition, Wavestone, in partnership with France Industrie, La French Fab, and Hub France IA, highlights the growth of the French indusry in terms of technological and organizational maturity.
In most Industry 4.0 use cases I have observed, scalability is the key factor for achieving the estimated ROI in the valuation phase. Moving from Proof of Concept (POC) to Proof of Value (POV) is essential, demonstrating concrete economic value rather than just technical feasibility, as 4.0 technologies are already sufficiently mature.
The heart of the digital transformation is data and having quality data that can circulate freely within the company so that it can be used in the best possible way. We are realizing in all companies, and even between companies, that this is the basis for exchanging information and taking decisions that will support the whole movement towards re-industrialization, de-carbonization, etc.
One important aspect of the digital transition is that it is obviously accelerating the environmental transition that all businesses need to take on. Today, industry is one of the few sectors of the French economy with an extremely ambitious track record. By processing data more finely and having real-time data, digitalization will help to accelerate the environmental transition.