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Southern Manufacturing

Farnborough, Hants(GU14 6TQ)

20/04/2021 - 22/04/2021

Southern Manufacturing and Electronics is the most comprehensive annual industrial exhibition in the (more)

PPMA Show 2021

NEC, Birmingham(B40 1NT)

28/09/2021 - 30/09/2021

PPMA Show 2021 will be the UK’s largest ever event dedicated to state-of-the-art processing and (more)

Advanced Engineering 2021

NEC Birmingham(B40 1NT)

03/11/2021 - 04/11/2021

Join us in our 12th and most important edition to date, as we invite engineers and management from all (more)

Smart factories will boost global economy

A new study from the Capgemini Research Institute has found that smart factories could add at least $1.5 trillion to the global economy through productivity gains, improvements in quality and market share, along with customer services. However, two-thirds of this overall value is still to be realised: efficiency by design and operational excellence through closed-loop operations will make equal contributions. According to the new research, China, Germany and Japan are the top three countries in smart factory adoption, closely followed by South Korea, United States and France.

The report entitled “Smart Factories @ Scale” identified the two main challenges to scaling up: the IT-OT convergence and the range of skills and capabilities required to drive the transformation including cross-functional capabilities and soft skills in addition to digital talent. The report also highlights how the technology led-disruption, towards an ‘Intelligent Industry’, is an opportunity for manufacturers striving to find new ways to create business value, optimise their operations and innovate for a sustainable future.

According to the report, organisations need to learn from high performers (10% of the total sample) that make significant investments in the foundations – digital platforms, data readiness, cybersecurity, talent, governance – and well-balanced “efficiency by design” and “effectiveness in operations” approach, leveraging the power of data and collaboration.

Jean-Pierre Petit, director of digital manufacturing at Capgemini said: “The move to an Intelligent Industry is a strategic opportunity for global manufacturers to leverage the convergence of Information Technology and Operational Technology, in order to change the way their industries will operate and be future ready.

Read the full report at www.capgemini.com/gb-en/research/smart-factories-at-scale/

 
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