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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Annual cost reduction from digitization 2016-2020, by industry
This statistic shows the expected reduction in costs brought about by digitization over the next five years, until 2020, according to a 2016 survey conducted by PwC. As of 2016, the forest, paper, and packaging industry is expecting an reduction in costs of 4.2 percent per annum until 2020.
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PwC. (April 13, 2016). What cumulative benefits from digitization do you expect in the next 5 years? (Cost reduction) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 24, 2026, from /statistics/548681/worldwide-digitization-cost-reduction-by-industry/
PwC. "What cumulative benefits from digitization do you expect in the next 5 years? (Cost reduction)." Chart. April 13, 2016. ÌÇÐÄÆƽâ°æ. Accessed July 24, 2026. /statistics/548681/worldwide-digitization-cost-reduction-by-industry/
PwC. (2016). What cumulative benefits from digitization do you expect in the next 5 years? (Cost reduction). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 24, 2026. /statistics/548681/worldwide-digitization-cost-reduction-by-industry/
PwC. "What Cumulative Benefits from Digitization Do You Expect in The next 5 Years? (Cost Reduction)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 13 Apr 2016, /statistics/548681/worldwide-digitization-cost-reduction-by-industry/
PwC, What cumulative benefits from digitization do you expect in the next 5 years? (Cost reduction) ÌÇÐÄÆƽâ°æ, /statistics/548681/worldwide-digitization-cost-reduction-by-industry/ (last visited July 24, 2026)
What cumulative benefits from digitization do you expect in the next 5 years? (Cost reduction) [Graph], PwC, April 13, 2016. [Online]. Available: /statistics/548681/worldwide-digitization-cost-reduction-by-industry/
