Industry 4.0-impact and potential of the digital transformation

Digitalization is radically impacting our economy and society. Everything is becoming more dynamic, more volatile and changing at a tremendous pace. The ongoing developments especially in artificial intelligence and robotics, big data and machine learning as well as generative manufacturing and virtual reality are leading to the emergence of new digital business models and changes in work processes. New forms of human-technology interaction are everywhere - Industry 4.0 is the buzzword. Besides the potential for more process efficiency and higher productivity created in this context, companies in all industries see themselves confronted with increasing challenges with regard to innovation as well as completely new products and service offerings. It is clear: the future of the working world will be different - and shaping this future is the task of all those players involved in the process.