German companies confident
The cliché of "German angst" does not apply to digital transformation: German managers face digital disruption with more confidence and optimism than their international colleagues.6 Feb 2018 Dirk Bongardt
According to the results of the global Industry 4.0 Readiness Report from Deloitte. Managers of German companies acknowledge the enormous challenges brought about by Industry 4.0. But compared with managers from 18 other countries, they show more confidence in their own technologies and competences. In Germany, 42% are confident they will quickly set up a new ecosystem (compared to 33% internationally), while 35% already consider their workforce sufficiently qualified – worldwide, this figure is only 26%. For its study, Deloitte surveyed over 1600 C-level managers from 19 countries and ten different industries whose companies generated over 1 billion US dollars in annual revenue – including 100 managers of German companies.
When it comes to Industry 4.0, the automotive industry in Germany is leading the way: One in every two organizations in the industry already uses Industry 4.0 technologies. Companies in Germany frequently cite the high investment costs as the greatest obstacle in the process. Family-owned companies in particular are investing in digitization to streamline production.
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