Smart Factories expected to add $500 billion to global economy in next five years

Smart Factories expected to add $500 billion to global economy in next five years

Capgemini has announced that manufacturers expect their investment in smart factories to drive a 27 percent increase in manufacturing efficiency over the next five years, adding $500 billion in annual added revenue to the economy.

This research, results of which were released today by the consulting, technology, and outsourcing services company’s Smart Factories report , shows that hopes about the inevitable Digital Industrial Revolution are high. Smart factories make use of IoT, Big Data, AI, and advanced robotics to increase productivity, quality, and flexibility; by the end of 2022, manufacturers expect that 21 percent of their sites will be smart […]

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