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)
(in billion U.S. dollars)
Characteristic
Reduction in billion U.S. dollars (p.a. until 2020)
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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PwC. (April 13, 2016). What cumulative benefits from digitization do you expect in the next 5 years? (Cost reduction) (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/549800/worldwide-industry4-survey-digitization-cost-reductions/
PwC. "What cumulative benefits from digitization do you expect in the next 5 years? (Cost reduction) (in billion U.S. dollars)." Chart. April 13, 2016. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/549800/worldwide-industry4-survey-digitization-cost-reductions/
PwC. (2016). What cumulative benefits from digitization do you expect in the next 5 years? (Cost reduction) (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/549800/worldwide-industry4-survey-digitization-cost-reductions/
PwC. "What Cumulative Benefits from Digitization Do You Expect in The next 5 Years? (Cost Reduction) (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Apr 2016, https://www.statista.com/statistics/549800/worldwide-industry4-survey-digitization-cost-reductions/
PwC, What cumulative benefits from digitization do you expect in the next 5 years? (Cost reduction) (in billion U.S. dollars) Statista, https://www.statista.com/statistics/549800/worldwide-industry4-survey-digitization-cost-reductions/ (last visited November 23, 2024)
What cumulative benefits from digitization do you expect in the next 5 years? (Cost reduction) (in billion U.S. dollars) [Graph], PwC, April 13, 2016. [Online]. Available: https://www.statista.com/statistics/549800/worldwide-industry4-survey-digitization-cost-reductions/
