Automotive industry to massively expand investments in smart factories

February 05, 2020 //By Christoph Hammerschmidt
Automotive industry to massively expand investments in smart factories
The automotive industry plans to increase its investment in the construction of smart factories by more than 60% over the next three years. This puts it ahead of other industries. A current study by the Capgemini Research Institute states that the construction of smart factories can increase productivity by more than $160 billion.

The study examines where automobile manufacturers (OEMs) and suppliers stand today when it comes to the topic of smart factories and compares the results with studies from the years 2017/18. It shows that both the predicted investment levels and productivity increases associated with smart factories are considerable.

"Smart" factories are characterized by the fact that they use digital technologies to achieve improvements in productivity, quality, flexibility and service. Three key technologies make the intelligent factory possible: connectivity, e.g. the use of industrial IoT to collect data; intelligent automation, e.g. advanced robotics, industrial image processing, distributed control or drones; and predictive analytics based on AI These digital technologies also enable IT-OT convergence to support digital continuity from design to operation (digital twin).

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