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Capgemini Research Predicts Smart Factory will Create $160 bn Gain for Automotive Industry

A Capgemini research slates almost half of all automotive firms have invested over $250 million in smart factories, more than any other sector

Capgemini Research

Currently, the world is keen on ‘Smart Everything’. The process began with the making of smart homes and as we slowly make progress towards building smart cities, this revolution has also taken its course on the industry sectors, mainly the Automotive Industry. Inclining with which, a report recently was revealed that automotive industry can expect to achieve $160bn in productivity gains annually from smart factory adoption from 2023 onwards. Capgemini unveiled the report Automotive Smart Factories: How Auto Manufacturers can Benefit from the Digital Industrial Revolution in which it demonstrates that the automotive sector has set more aggressive targets for smart factory initiatives compared to other sectors.

A global top ten automotive manufacturer can expect to realize an additional $4.6 billion or a 50% growth in operational profits annually within five years of a full smart factory implementation. The report predicts that the average productivity growth of smart factories within the automotive sector will be 7% as of 2023, while an automaker will break-even within a year of executing the full potential of its smart factories.

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Jyoti Gazmer

A Mass Comm. graduate believes strongly in the power of words. A book lover who dreams to own a library some day. An introvert but will become your closest friend if you share mutual feelings about COFFEE. I prefer having more puppies over humans.

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