High expectations are set on Industry 4.0 to usher in the next industrial revolution in discrete manufacturing, with an estimated USD 3.7 trillion in value creation potential for manufacturers and suppliers in 2025. However, only approximately 30% of businesses are now utilizing Industry 4.0 technologies at scale to their advantage. Instead of identifying the most significant impact areas and connecting them to Industry 4.0 value drivers, approaches are mainly focused on imagining how technology will grow in the future.
Organizational anchoring and future governance are frequently hazy. Most businesses are trapped in "pilot purgatory" due to obstacles caused by a lack of clarity on the business value, constrained resources, and an excessive number of possible use cases. To provide a vision on how
