Smart Factories Will Deliver $500B In Value By 2022

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:

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

KINGSTAR Soft PLC - Replace Your PLC with an EtherCAT-enabled Soft PLC for Real-Time Motion Control and Machine Vision

KINGSTAR Soft PLC - Replace Your PLC with an EtherCAT-enabled Soft PLC for Real-Time Motion Control and Machine Vision

The top machine builders are switching from proprietary hardware-based PLCs, like Allen-Bradley, TwinCAT, Mitsubishi and KEYENCE, to open standards-based EtherCAT-enabled software PLCs on IPCs. KINGSTAR provides a fully-featured and integrated software PLC based on an open and accessible RTOS. KINGSTAR Soft PLC also includes add-on or third-party components for motion control and machine vision that are managed by a rich user interface for C++ programmers and non-developers alike.