Few established companies have fully digitized their end-to-end operations. But digitization can be a feasible solution to operational challenges seen across many companies and industries. Industry 4.0, or the Fourth Industrial Revolution (4IR), describes the impact that increased connectivity, automation, and more have had on technology, industry, and society. Industry 4.0 has helped them sustain their operations during the COVID-19 crisis; over half said their digital transformations have been crucial to their pandemic responses.
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