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 embrace industry 4


Why finance should embrace Industry 4.0 - BBrief

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As we progress further into Industry 4.0, finance needs to further leverage new technologies to add real value to a business's bottom-line, yet it remains in its infancy stages. Industry 4.0 has impacted a range of industries, and with the digitisation of industrial value chains, many forget about finance, which has only touched the tip of the iceberg when it comes to leveraging new technologies. Disruptive technologies such automation, artificial intelligence (AI), the Internet of Things (IoT), Bots, blockchain and machine learning are thrusting the global economy into a new digital era. Instead of seeing all these new developments in isolation, finance must focus rather on connection points, finding ways to optimise them to provide greater value to the organisation. Companies risk losing ground if they do not understand the changes and opportunities Industry 4.0 brings.