Perspective
16 Nov 2021
Industry 4.0
At the intersection of readiness and responsibility
Business’s journey to balance profit and purpose is accelerating. A sharper focus on strategy and broader adoption of transformational technologies that benefit both business and society will help organizations get there faster.
The advent of Industry 4.0 has fueled many changes in the way corporates operate. Business leaders are increasingly moving away from serving only shareholders and are starting to see a larger responsibility towards customers, employees, suppliers, and communities.
The article walk through the four key areas critical to Industry 4.0: strategy, societal impact, talent, and technology. They were arrived at after analyzing the responses from Deloitte Global’s third annual survey of more than 2,000 C-Suite executives.
Here are some of the major trends and insights:
- Businesses with comprehensive 4IR strategies are far more successful across the board
- More than 90% of respondents have sustainability initiatives in place or on the drawing board
- More than 80% of respondents have created or are creating a corporate culture of lifelong learning
