COVID-19 is driving move to smart factories

Stefan Mileschin · 24th November 2020, 17:54

Information Services Group report

COVID-19 is providing a strong incentive for manufacturers to move toward smart factories, complete with remote and experience-based solutions, and optimised operations, cost structures and business models.

According to an Information Services Group report, some manufacturers were fast to react to the onset of the pandemic with one-off cost-cutting initiatives.

ISG EMEA lead, Smart Manufacturing Christian Decker said: “A more sustainable approach is to include digital initiatives as a portfolio of investments, and let the cost optimisation self-fund innovation, with limited additional cash outlay required. This approach will spur the continued evolution of digital technologies to sustain competitive operations.”

He said that smart manufacturing spans the value chain including smart products, production and services, from the shop floor to enterprise resource planning solutions and the cloud.

https://fudzilla.com/news/iot/51930-...mart-factories

24th November 2020, 17:54	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,541	COVID-19 is driving move to smart factories Information Services Group report COVID-19 is providing a strong incentive for manufacturers to move toward smart factories, complete with remote and experience-based solutions, and optimised operations, cost structures and business models. According to an Information Services Group report, some manufacturers were fast to react to the onset of the pandemic with one-off cost-cutting initiatives. ISG EMEA lead, Smart Manufacturing Christian Decker said: “A more sustainable approach is to include digital initiatives as a portfolio of investments, and let the cost optimisation self-fund innovation, with limited additional cash outlay required. This approach will spur the continued evolution of digital technologies to sustain competitive operations.” He said that smart manufacturing spans the value chain including smart products, production and services, from the shop floor to enterprise resource planning solutions and the cloud. https://fudzilla.com/news/iot/51930-...mart-factories

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