Smart Factories Will Deliver $500B In Value By 2022

Source: Forbes
08/02/17, 06:46 AM | Automation & IIoT, Engineering | Research and Reports, Smart Factory

Louis Columbus for Forbes:  

  • Smart factories are revolutionizing manufacturing by enabling a 7X increase in overall productivity by 2022.
  • Smart factories have the potential to add $500B to $1.5T in value added to the global economy in five years.
  • 76% of manufacturers either have a smart factory initiative that is ongoing or are working on defining one, with 14% of companies satisfied with their level of accomplishment.

These and many other insights are from Capgemini’s latest market analysis, Smart Factories: How can manufacturers realize the potential of digital industrial revolution. A PDF of the report is available here (32 pp., PDF, free, no opt-in). Capgemini’s Digital Transformation Institute (DTI) collaborated with Digital Manufacturing Services to produce this study. The research team surveyed 1,000 senior executives of large companies currently planning to and currently implementing smart factories globally. Please see page 27 of the report for additional details on the methodology.

Capgemini found that industrial manufacturing, aerospace and defense, and automotive and transportation industries have the highest percentage of manufacturers who have an ongoing smart factory initiative today. Contributing technologies to smart factory initiatives include Internet of Things (IoT), Big Data Analytics, Artificial Intelligence, Advanced Robotics, 3D printing and cloud computing platforms that unify these technologies together, enabling faster smart factory deployments globally. These technologies. all unified by cloud platforms are revolutionizing the global manufacturing landscape today.  Full Article:

More Engineering Stories | Articles | News

Comments (0)

This post does not have any comments. Be the first to leave a comment below.

Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Model TR1 Tru-Trac

Model TR1 Tru-Trac

The Model TR1 Tru-Trac® linear measurement solution is a versatile option for tracking velocity, position, or distance over a wide variety of surfaces. An integrated encoder, measuring wheel, and spring-loaded torsion arm in one, compact unit, the Model TR1 is easy to install. The spring-loaded torsion arm offers adjustable torsion load, allowing the Model TR1 to be mounted in almost any orientation - even upside-down. The threaded shaft on the pivot axis is field reversible, providing mounting access from either side. With operating speeds up to 3000 feet per minute, a wide variety of configuration options - including multiple wheel material options - and a housing made from a durable, conductive composite material that minimizes static buildup, the Model TR1 Tru-Trac® is the ideal solution for countless applications.
More Products
Feature Your Product