Companies of all industries are under enormous pressure to digitally transform – in several areas:
On one hand, there is Industry 4.0 – the modernisation of industrial production by interlinking machines, product components, and processes with the use of state-of-the-art communication technology. This will lead to a complete digitalisation of core processes such as R&D, production, and supply chain and their software-based mapping in the cloud.
On the other hand, due to the higher level of globalisation that has taken place during the last few decades, pressure is coming from Asian manufacturers and industrial companies who have already consistently invested in digitisation in the past and thus gained competitive advantage.
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