Industry 4.0 is much more than production automation
Consulting company Ernst & Young has focused on industrial SMEs and found that mechanical engineering invests more than average in digitization. Small industrial companies, however, may be left behind.
7 May 2018 David SchahinianShare
More than 1,150 medium-sized industrial companies in Germany were surveyed for the
The mechanical engineering industry invests an above-average amount in Industry 4.0 with just under 4% of its total turnover, according to another study. On the other hand, in terms of revenue generation, electrical engineering is ahead with 47%, followed by the food industry (42%). However, small industrial companies may be left behind, the consultants warn. They would not have to be first-time users and don’t necessarily need to develop their own solutions. But they would have to find ways to keep up with the big companies, for example, through cooperation with other medium-sized companies, startups or cloud services. Action is needed above all in production, IT, as well as research and development. This was already demonstrated in a study conducted by
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