Accessability Links
Cookies on our website
By continuing to use this website we will assume you are happy to receive cookies as outlined in our cookie policy
Accept Policy

Capgemini: Smart factories to drive manufacturing efficiency

May 16
 
Tags: Capgemini
Share this story:
Capgemini: Smart factories to drive manufacturing...

Consultants working with manufacturing businesses are likely to see smart factories having a big impact on the industry over the coming years.

That's according to a recent report from the Digital Transformation Institute at Capgemini, which reveals that manufacturers expect investments in smart factories to drive a 27 per cent increase in efficiency over the next five years.

This could deliver $500 billion (£388 billion) in annual added value to the global economy.

Smart factories use technological innovations such as the Internet of Things, big data analytics, advanced robotics and artificial intelligence to achieve benefits like higher productivity, enhanced quality and greater flexibility.

Examples of how this works in action include collaborative robots, machines that are able to send alerts when they need maintenance and workers using augmented reality tools such as helmets, projections and tablets.

Capgemini's research suggested that, by 2022, manufacturers expect 21 per cent of their plants to be smart factories. This trend will be driven by developments in sectors such as aerospace, defence, industrial manufacturing and automotive.

Lower operating costs are among the potential benefits of these developments for businesses. The report estimates that the average auto manufacturer could improve its operating margin by 36 per cent as a result of improved logistics and material costs, more effective equipment and better production quality.

Jean-Pierre Petit, global head of digital manufacturing at Capgemini, said: "This study makes it clear that we are now in the digital industrial revolution. The impact on overall efficiency will be profound.

"The next few years will be critical as manufacturers step up their digital capabilities and accelerate their digital outcomes to maximise company benefits."

One of the potential consequences of the global shift to smart factories is a change in skills demand and development. More than half (54 per cent) of the businesses surveyed were providing digital skills training to their employees, rather than looking to replace people through automation.

Search Mindbench.com for the latest management consultancy jobs and consulting recruitment opportunities or contact us on +44(0)207 089 9017.

Image: chombosan via iStock

Share this story:
Add new comment
Jobs Related to this Post
5 result(s) found 
Page 1 of 1 

£60,000 package, dependent on exp...
UK
Founded in 2000, our client is an independent management consultancy operating predominantly in operations and supply chain within the Manufacturing, Logistics and Retail sectors
£70k-£80k plus bonus, benefi...
Central London
With a backdrop of rapid digital change and fierce global competition, our client is moving through its own transformational journey. To support their transformation and growth aspirations
£45k plus excellent benefits
Central London
Our client is astrategy consultancy that empowers action in their clients. They combine insight, strategy, innovation and change disciplines to create growth in their clients’ businesses and in their
€80k-€90k plus bonus, benefits
Amsterdam, Dutch language not required...
Our client is the consultancy arm of a global integrated marketing agency network. They help our clients grow through disruptions by delivering improved customer experiences
£40k - £60k
London and Hong Kong
Our Client is a management consulting procurement expert, helping clients to identify, deliver and sustain improvement opportunities. Their international team combines unparalleled procurement