Digitization should boost the construction of large plants
New orders for large-scale plant construction in Germany fell by 6% to 17.8 billion euros in 2017. Although the digital business models are now becoming marketable, the industry still lacks a ready-made solution for implementation.
3 Apr 2018 David SchahinianShare
All in all, the industry is better prepared for the digital change today than just a few years ago, adds the VDMA. These activities could improve margins by up to 10% over the next three years. The introduction of Industry 4.0 in large-scale plant construction should nevertheless be considered in a very differentiated manner, says Nowicki: "Companies have to develop individual approaches that take into account the respective business environment and customers’ wishes."
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