Industry 4.0: Opportunities and challenges of the industrial internet

Whitepaper by PWC. The fourth industrial revolution %u2014 characterised by the increasing digitization and interconnection of products, value chains and business models %u2014 has arrived. German industry will invest a total of 40 billion euro in Industry 4.0 every year by 2020. Applying the same investment level to the European industrial sector, the annual investments will be as high as 140 billion euro per annum.

Fourth Industrial Revolution