Implications of Industry 4.0 for CIOs

| Point of View
Industry 4.0 is the name of the next industrial revolution which is fueled by the advancement of digital technologies. It is dramatically changing how companies engage in business activities. As a result, the disruptive nature of Industry 4.0 demands a reassessment of the requirements for IT. On the one hand, there is the possibility that the responsibilities of Chief Information Officers (CIOs) could be taken over by other executives such as the Chief Digital Officer (CDO) or the Chief Technology Officer (CTO). On the other hand, this recent development creates entirely new perspectives for positioning themselves and their IT departments within the business. The impact of digital technologies is reaching a magnitude at which IT is considered a substantial business driver, potentially placing CIOs in the driver’s seat.
Implications of Industry 4.0 for CIO's