Industrial plan 4.0: what it is and the benefits for companies

When we talk about the National Industry 4.0 Plan, we refer to a nationwide strategy concerning current and future economic investment, productivity and innovation related to the so-called “fourth industrial revolution,” characterized by:

• Connecting physical and digital systems, complex analytics through Big Data and real-time adaptations;
• Use of interconnected and Internet-connected smart machines.

This is a strategic plan now merged into the New National Transition 4.0 Plan in which the measures envisioned and adopted in the 2017- 2020 Plan are strengthened and become structural.

What the National Industry 4.0 Plan provides: the benefits

The Industry 4.0 Plan, likened to the new National Transition 4.0 Plan is the “first brick on which the Italian Recovery Fund is built.” An investment of about 24 billion euros aimed at a real structural measure that sees the enhancement of all deduction rates and a major advance in the time of use.

The basic goals of the new National Transition 4.0 Plan are twofold:

1. Stimulate private investment;

1. Give stability and certainty to businesses with measures that take effect from November 2020 to June 2023.

Why the National Industry 4.0 Plan

With 73,000 businesses closed and 17,000 that will not reopen (ISTAT data), partly due to Covid 19, the Italian business sector has suffered a serious blow, with two-thirds of SMEs drastically decreasing their activities.

There are, however, 68 percent of active companies and 23.9 percent working in technologically limited conditions due to lack of available space and limited access.

How Companies Can Adapt

Some of the enabling technologies are applicable by all companies, even small ones with limited budgets and expertise. It is necessary, however, to know the area that influences companies and their choices, determining their inherent reasons for declines in competitiveness and profitability.

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The educational paper “Technology in Enterprise Management” (www.docenti.unina.it) discusses strategic management of technology, now more than ever a hot topic in order not to lose competitiveness and fall behind; in particular, the environment affecting Enterprises is characterized by:

1. A continuous process of internationalization of markets and competition;
2. Customer expectations/expectations that are changing faster and faster and in an increasingly complex way; 3. society, that is, the relationships between people that are changing more and more rapidly;
3. Increasingly influential “political” power through more and more articulated laws that, among other things, regulate national and even international relations, on matters concerning the production and quality of products;
4. One’s physical environment, which, while expanding, is made smaller by the spread of increasingly easy transportation and increasingly efficient long-distance communications;
5. The production of technical and organizational knowledge growing and spreading at an increasing rate. All of this makes the environment outside an enterprise less and less predictable. Never more than in these times are we troubled by questions that address radical issues that we often do not know how to answer in concrete terms (Source: Bolognani and Corti, 1988).*

That is why having a figure or partnerwho can advise, select and help in the implementation of technologies even from a strategic point of view is essential in order not to “miss the train” and fall behind competitors.

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What are the enabling technologies, in line with the Industrial Plan 4.0:

• IIOT Industrial (IOT): smart objects, such as video surveillance cameras, access control devices, mesh-type wifi networks, lighting control;
• Industrial analytic; e.g., enterprise information management ERP Systems;
• Cloud Manufacturing – information sharing systems, hybrid cloud, digital data security.

But not only that. Having adequate Workstations, a Data Privacy and Security Management System becomes crucial to adapting to the technologies required by both the Plan and general demand.

• Read how to renovate your company’s Technology Park renovation.
• Request a free consultation to expand or renew your business technologies with Lenovo, Synology and Brothers solutions.

Exactly like a kind of qualifying exam, access to the resources under the Plan requires one to adapt structurally and technologically.

• Find out how to adapt your company’s technologies quickly and affordably with operational rental.

Other key Enabling Technologies to access resources:

• Managing high amounts of data on open systems;
• Security during network operations and on open systems.
• Read more about cybersecurity and data protection in the Company.

Expected benefits include Flexibility, Speed, Quality and increased competitiveness through adopted technologies.

Reindustrialization plans in other countries

In the United States, France and Germany, reindustrialization and technology investment plans similar to the Italian Plan have been implemented.

The plans have made available public resources ranging from 0.5 to 10 billion euros inclusive of Tax incentives for private investment, subsidized loans for SMEs and mid-tier; Research tax credit, Project financing, corporate projects and applied research centers, tax breaks for investments in technology start-ups.

The interest in revitalizing the sector is thus considered a key element of contemporary economic development. Development that, also goes through the provision of technological equipment that is in step with the times.

The key directions of the Italian Industrial Plan 4.0 are:

• Innovative investments;
• Encouragement of private investment in technologies and assets;
• Increased private spending on Research, Development and Innovation;
• Consolidation of finance to support I4.0, VC and start-ups.

The enabling infrastructure

Key enabling infrastructures for accessing resources include:

• The assurance of adequate network infrastructure (Ultra Broadband Plan);
• Collaborate on the definition of Io (public administration) interoperability standards and criteria.
• Find out how to adapt technologically to access the resources of Industrial Plan 4.0.

The 2021 extension of the measures implemented in the Industrial Plan 4.0

The new duration of measures announced include:

• New tax credits provided for 2 years;
• Advance the measure’s effective date to November 16, 2020;
• Confirmation of the possibility, for contracts for the purchase of capital goods defined by 31/12/2022, to benefit from the credit with only the payment of a down payment equal to at least 20% of the amount and delivery of the goods in the following 6 months (thus, by June 2023).

(Source: www.mise.gov.it)

In addition, there are additional benefits such as advance and reduced compensation with greater tax benefit:

• The tax credit is available in one year for investments in “ex super” capital goods and non-4.0 intangibles made in 2021 by individuals with revenues or compensation of less than 5 million euros;
• Immediate offsetting (from the current year) of the credit related to investment in capital goods is allowed;
• The utilization of credits is reduced to 3 years instead of 5 years for all tangible capital goods tax credits.

Adapt your company to the National Transition 4.0 Plan now.

Request a free consultation for business technology renewal through operational rental and immediately make your company competitive and technological even with a limited budget.

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