Promoted content: Ready your business for Industry X.0
By Ben Salama, UKI Industry X.0 Lead, Accenture managing director, and Yen-Sze Soon, UKI Industry X.0 Delivery Lead, Accenture managing director
Almost every day, it seems a new technology emerges with the potential to disrupt the way businesses design, manufacture, distribute and market their goods. From the Internet of Things to AI-enabled automation, 3D printing to augmented reality, the innovations keep coming thick and fast. And industrial businesses are trying to adapt to this changing landscape as best they can by investing in testing, assessing, and rolling out new technologies to ensure they remain competitive.
But how effective are these investments? Are companies getting everything they hoped for? Are they able to balance investments in growth with those in efficiency? It seems not. In a recent Accenture survey of business executives, only 13 per cent said their companies are getting both cost saving efficiencies and new growth from their investments in digital technologies.
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