While many manufacturers’ understanding of Industry 4.0 and its potential value has grown steadily, they have been unable to translate their acquired knowledge to actionable transformation plans. Manufacturers that completed the Smart Industry Readiness Index Assessment Matrix also reflected the same uncertainty regarding next steps. This gap between awareness and implementation is usually due to companies lacking an overall Industry 4.0 roadmap.
The Smart Industry Readiness Index Prioritization Matrix builds upon the Smart Industry Readiness Index Assessment Matrix, which was launched in November 2017. It is developed as a management planning tool by the Singapore Economic Development Board with TÜV SÜD as one of the partners to guide manufacturers worldwide prioritize focus areas and digital initiatives based on their facilities’ Industry 4.0 maturity and current financial performance.
Related Services: Smart Industry Readiness Index
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