A new survey by McKinsey & Company suggests that robotics and automation systems will account for 25% of capital spending by industrial companies over the next five years.
The logistics sector is expected to be the first adopter of commercial-scale Industry 4.0, investing around 32% of all their capital spending in Industry 4.0 solutions to automate manual processes and bring intelligence to fulfillment operations.
Photo by Pavel Danilyuk
Automotive and Life Sciences/Pharmaceuticals sectors are also expected to invest around 30%. However, enterprises are concerned with:
- The costs of hardware;
- Lack of expertise;
- Potential job losses;
- Safety and security.
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