Capgemini: Smart factories could add $1.5trn to global economy

Jonathan Dyble for Manufacturing Global:  In its latest report, multinational consultancy firm Capgemini predicts that smart factories are set to become revolutionary within the manufacturing industry.
The report found that smart factories could add anywhere between $500bn to $1.5trn in value to the global economy over the next five years, as firms increasingly look to digitise their operations in order to stay ahead of the game.

“Manufacturing under Industry 4.0 has access to digital technologies such as the Internet-of-Things, Big Data Analytics, Artificial Intelligence, Advanced Robotics, 3D printing, and Cloud Computing that have opened the door to incredible gains for early adopters,” Capgemini stated.

Currently, only 6% of manufacturers can be classified as ‘digital masters’. This, combined with the fact that as many as 76% of manufacturers currently have a smart factory initiative whilst only 14% of these are satisfied, suggests that the market for smart factories is set to explode within the next decade.

Business expectations are also likely to act as a driving factor, with manufacturers expecting on-time-delivery to accelerate by 13 times compared to 1990.

The potential benefits that would be available to businesses are countless, with the likes of IoT, big data analytics, AI, robotics, 3D printing and cloud-based computing services all paving the way for success.  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

The Endurance flagship 10 watt (10000 mW) diode laser module.

The Endurance flagship 10 watt (10000 mW) diode laser module.

The Endurance 10 Watt laser - "Invincible" continuous power. Engraves on stainless steel, copper and brass. Cuts 4-5 mm (1/6'') wood and plywood with just one pass. Cuts 8 mm (1/3'') dark acrylic with 2-3 passes. Compatible with almost all 3D printers and CNC machines. We deliver everything you need to get started. The "Invincible" laser enables to create incredible things with your 3D printer / CNC machine. Unlike many Chinese lasers the Endurance 10 watt laser can work continuously up to 48-72 hours. Its lifetime is about 10 000 hours. Its real rated optical power output of is 10 watt (10000 mW). Endurance provides an ultimate customer support with full guidance and tutorials. Learn more about the laser: https://www.youtube.com/watch?v=kM-utYFYvFk