Industry 4.0 is the name for the upcoming fourth industrial revolution, which the Germans came up with 10 years ago.
We need this revolution urgently. Productivity growth in the G7 economies has collapsed in the past decade. A new industrial paradigm will be needed to revive growth, and much of Industry 4.0 will be about business model innovation.
The episode highlight how productivity growth has collapsed in the G7 economies in the past 10 years, and a new industrial paradigm will be needed to drive growth going forward. Internet connectivity is the big game changer, and we believe much of the new efficiency upside will come from business model innovation.
Read more in their article: Industry 4.0 – Evolution, revolution or something else?
If you are a corporate customer and want to access the full Nordea On Your Mind report, please contact Viktor Sonebäck.
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