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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.

What cumulative benefits from digitization do you expect in the next 5 years? (Cost reduction)

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Source

Release date

April 2016

Region

Worldwide

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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