The Smart Factory will transform your business

Manufacturers are looking to Smart Factory initiatives to drive new levels of efficiency and profitability.

Complimentary Infographic

Smart Factory in Europe: 2019 and Beyond

teknowlogy Group surveyed IT and operational technology (OT) decision-makers at 204 European manufacturing companies with more than 500 employees, which have Smart Factory initiatives in place. This is what we found…

At what stage do you consider your Smart Factory initiative?

37%
Planning

36%
Early phase

19%
Medium phase

8%
Advance phase

While 63% of European manufacturers have already embarked on Smart Factory initiatives, another 37% are planning them.

What are the biggest challenges with your Smart Factory projects?

The cost, building the business case and lack of skills are still major challenges, while companies also mentioned the complexity of analysing the data and challenges integrating IT and OT.

Of the data that you do analyse:
A) what percentage of data from your factory is currently analysed where? And
B) In five years’ time, what percentage of data from your factory is likely to be analysed where?

While data analytics for Smart Factory today is predominantly in an on-premises data centre (46%), in five years time it will be mostly split between the cloud and the edge (both 35%). In fact, edge will grow from around 14% of data analysed to around 35% — more than doubling over those five years.

Download the Comprehensive Infographic

Smart Factory in Europe: 2019 and Beyond

teknowlogy/PAC, Europe’s #1 independent research firm, in partnership with Stratus, conducted a survey of IT and OT decision makers at 204 large European Manufacturers to understand the challenges and opportunities of the Smart Factory and where Manufacturers are on their journey to the Smart Factory.

Survey shows that in 5 years, data analytics will be split between the cloud and the edge.

Edge will grow from 14% of data analysed to 35% – more than doubling over 5 years.

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The White Paper includes:

  • types of projects providing value and business benefits right now,
  • likely future investment across companies,
  • potential timeframes for real return on investment,
  • manufacturers’ plans for the future of the Smart
  • the executive summary