Smart finance helps manufacturers capitalise on Fourth Industrial Revolution
Published: 10 June, 2016
- Research from Siemens Financial Services (SFS) highlights five key drivers of success for manufacturers in the Fourth Industrial Revolution
- Finance is now considered one of those principal drivers of competitiveness
- Smart finance solutions offer sustainable means of investing in fourth-generation manufacturing technology
In the Fourth Industrial Revolution, manufacturing companies across the globe are using smart finance to improve their competitive positioning. A global qualitative study by Siemens Financial Services (SFS) of Chief Financial Officers (CFOs) in the manufacturing sector shows intelligent financial management is now seen as one of the five key drivers of success by manufacturing companies. The other key drivers are: new-generation technology; increased operational efficiency; raised production capacity and/or flexibility; and more competitive pricing; all of which drives improved competitive positioning in the marketplace.
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Sussex manufacturers will need to focus on upskilling and digitisation to reap the benefits of ‘Industry 4.0’ – the so-called fourth industrial revolution.
