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How automotive organizations can maximize the smart factory potential [1]

The automotive industry is motoring ahead of its peers in terms of smart factory adoption and is set to increase investment by over 60% in the next three years, resulting in productivity gains of more than$160bn, according to a new research report from The Capgemini Research Institute. The “How automotive organizations can maximize the smart factory potential ” report tracks deployment of smart factories by automotive Original Equipment Manufacturers (OEMs) and suppliers in 2019, compared to equivalent research from 2017/18. It found that both projected investment levels and productivity gains relating to smart factories are significant, but that only a minority of automotive firms are fully ready to take advantage through deployment at scale. In the next five years, the automotive industry has aggressive plans to convert further 44% of its factories into smart facilities, followed by42% in discrete manufacturing, 41% in process industries,40% in power, energy and utilities, and 37% in consumer products. This aggressive expansion is reflected in a 62% increase in the proportion of overall revenue the industry plans to invest in smart factories.

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Publication Date: 
05/02/2020
Capgemini [3]
Tags:
Auto Industry [4], Auto Technology [5], Global [6]
Centre for Science and Environment
National Knowledge Commission Government of India

Technology Partners: MimirTech


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Source URL: http://admin.indiaenvironmentportal.org.in/reports-documents/how-automotive-organizations-can-maximize-smart-factory-potential

Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/how-automotive-organizations-can-maximize-smart-factory-potential
[2] http://www.indiaenvironmentportal.org.in/files/file/Report-Auto-Smart-Factories.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/capgemini
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/auto-industry
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/auto-technology
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/global