Manufacturers expect their investments in smart factories to drive a 27 per cent increase in manufacturing efficiency over the next five years which would add $500 billion in annual added value to the global economy, according to a recent report . A smart factory makes use of digital technologies like Internet of Things, artificial intelligence and more.
Smart factory features include collaborative robots, workers using augmented reality components and machines that send alerts when they need maintenance.
By the end of 2022, manufacturers expect that 21 per cent of their plants will be smart factories, says the report conducted by Capgemini’s […]
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