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What cumulative benefits from digitization do you expect in the next 5 years? (Cost reduction) (in billion U.S. dollars)

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Annual industry 4.0 cost reductions from digitization 2016-2020, by industry This statistic shows the expected level of cost reductions from industry 4.0 digitization, until 2020, by industry, according to a 2016 survey conducted by PwC. As of 2016, the forest, paper, and packaging industry is expecting to reduce costs by approximately 28 billion U.S. dollars per annum until 2020.
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Reduction in billion U.S. dollars (p.a. until 2020)
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Reduction in billion U.S. dollars (p.a. until 2020)
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Description Source More information
This statistic shows the expected level of cost reductions from industry 4.0 digitization, until 2020, by industry, according to a 2016 survey conducted by PwC. As of 2016, the forest, paper, and packaging industry is expecting to reduce costs by approximately 28 billion U.S. dollars per annum until 2020.
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Release date
April 2016
Region
World
Survey time period
November 2015 to January 2016
Number of respondents
2,000+
Supplementary notes
The majority of participants were Chief Digital Officers or other senior executives with top-level responsibility in their company for industry 4.0 strategy and activity.

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