Smart Companies use Smart Solutions
Industrial companies in Germany, will invest an average of 3.3 percent of their annual revenue in smart technology solutions, each year, for the next five years. This amounts to an annual investment sum of around 40 billion Euros. Just at the European level, annual investment will total 140 billion Euros*. This shows the level of commitment Germany has regarding the new industrial revolution, which is an indication of things to come globally. Currently, 24 percent of industrial companies claim to have a high level of digitization. By 2020, this percentage will have more than tripled to 80 percent* on all businesses who will have digitized their entire value chain. This trend implies both enormous change and enormous opportunities around the globe.
XINTRIX smart solution has almost 40 years’ experience in providing smart technology to companies. Fifteen of those years’ is direct experience with Industry 4.0 knowhow. So why XINTRIX smart solutions? Apart from being one of the pioneers in the development of EMS solutions, German made, developed with one of Germanys top research institutes, and decades of global experience, we know how to simplify complexities. Below are some more general reasons why so many companies realize the need for alternative, higher added value and quicker return of investment, smart technologies.
- Increased efficiency and revenue
Smart Technology will deliver major gains in your efficiency and your cost reductions. Companies expect that digitizing their production will increase efficiency by an average of 18% over the next five years. Digital solutions will also help manufacturing companies cut their costs, on average about by 14% by 2020*.
- Major opportunities
Smart Technology poses a number of challenges for industrial companies. It requires a big investment, companies’ specific business cases are often unclear; no agreed industry-wide standards as of yet, data security, privacy, and IP security, as well as not enough skilled employees for the tasks. However, these challenges can be overcome. They are outweighed by exciting opportunities, but more important by the necessity of this technology in order to compete in global and local markets, more so in developing countries.
- Direct benefits to you
By integrating production planning and control along your value chain, you can substantially increase efficiency and reduce costs. Enhanced traceability and earlier detection will enable you to improve quality and reduce defects. Integrated horizontal planning across partners is especially promising, will increase flexibility and responsiveness to customer demands. Finally, Smart Technology offers great potential for increasing sales by incorporating new digital products, services, and business models.
Industry 4.0, is already happening and over the next few years, it will pick up pace tremendously. Value chains of industrial companies all over the globe are becoming increasingly digitized and connected, as are their products and services. Virtually no manufacturing company anywhere in the world will be unaffected by Industry 4.0. From our experience, this will impact corporate strategies and change the companies´ operations. Be part of this paradigm change. Experience technology which comes from the origin of Industry 4.0. German made smart interoperable solutions, which will allow you optimal quality and efficiency standards to be achieved, bringing your operations to the next level.
* The above figures were taken from Industry 4.0 studies and reports of Mc Kinsey, BCG, Deloitte and academic studies and papers from various German research and academic institutions.