INDUSTRY 4.0/IIOT


the key cost drivers and prioritise those that deliver the greatest financial benefit. 3. Key Performance Indicators – ranked to


best reflect a company’s desired future positioning and business outcomes. 4. Identify proximity to the best-in-class –


identify what the best-in-class have attained, to set pragmatic goals and aspirations. Identify the areas with the greatest scope for improvements. Companies that are already best in class in certain aspects could use this information to further widen the gap against their competitors.


The realisation will soon become apparent that the


Industry 4.0 route must be taken for businesses to thrive and survive


“ Planning and executing an Industry 4.0


transformation plan is a challenge as companies must make significant resource investments. However, it is hoped that the Prioritisation Matrix will deliver industry


” Leaders in temperature measurement


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sales@labfacility.com Sheffield tel: +44 (0)1909 569446 05/01/2021 15:00 MARCH 2021 | PROCESS & CONTROL 23


Lee Ray, operations manager for Industrial Products (UK) at TÜV SÜD


greater confidence and encourage more companies to commit to an industry 4.0 transformation.


TÜV SÜD www.tuvsud.com/uk


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