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WHAT IS AND HOW DOES "INDUSTRY 4.0" WORK?
Industry 4.0, also known as the fourth industrial revolution, is a direct consequence of the digital transformation process that has been underway for years now and is leading to the total automation and interconnection of industrial production.
Underlying the phenomenon is a profound transformation in the way goods are produced. In fact, production in Industry 4.0 is based on the introduction of so-called key enabling technologies (KETs), which are technological improvements made within production systems that are capable of revitalizing them. Some examples of KETs that characterize Industry 4.0 are advanced robotics, augmented reality, Industrial Internet, Cyber-Security, Big Data and Artificial Intelligence.
THE BENEFITS FROM INDUSTRY 4.0
The implementation of these new technologies results in a shift to a new paradigm, that of the smart factory, in which production is digitized and all its component processes are fluid and interconnected.
The benefits of Industry 4.0 are numerous, and companies that have already introduced KETs within their production system are witnesses to this:
- Increased production flexibility
- Greater efficiency of plants and production cycles, from which also comes a reduction in energy consumption
- Increased quality and reduced waste
- Increased product competitiveness
Our Services
The innovative potential brought by Industry 4.0 is extremely significant. However, for this process of innovation to truly take place, it is necessary to make this transformation accessible to all.
Through the Industry 4.0 Plan, the Government has made various instruments available to businesses to enable them to take part in this industrial revolution. These measures include:
- enhanced depreciation incentives for investments related to Industry 4.0;
- tax deductions for investments in start-ups and innovative SMEs;
- investment funds dedicated to the industrialisation of ideas and patents with high technological content (CDP).
RSM’s Funding & Business Development division supports businesses in navigating this landscape, helping them identify tax opportunities connected with their technological and digital transformation.
RSM supports its clients through every stage of project management. In particular, the services offered include:
- preparation of subsidised investment plans;
- technical and administrative reporting for projects;
- technical validation of projects and technology transfer;
- certification of the Technology Readiness Level (TRL).
RSM also supports its clients in the Industry 4.0 technology transfer phase, including the provision of training and technology consulting activities, as well as the delivery of technology transfer services to businesses in the operational areas identified by the Ministry of Economic Development, including:
- Cybersecurity;
- Additive manufacturing;
- Internet of Things (IoT);
- Big Data Analytics;
- Augmented reality.
The Main Industry 4.0 Measures Followed by RSM’s Funding & Business Development Division
The principal measures covered include:
- R&D tax credit;
- super and enhanced depreciation incentives, and the new investment tax credit;
- Training 4.0;
- incentives for innovative start-ups under the New Sabatini scheme;
- Patent Box;
- technical and administrative reporting of R&D projects;
- preparation of subsidised investment plans;
- sworn technical-accounting expert reports for the valuation of R&D costs;
- technology transfer;
- scientific validation of research results;
- certification of the Technology Readiness Level (TRL);
- technical and accounting support in tax litigation relating to research and innovation.
