Capgemini has announced a new report by its Digital Transformation Institute which reveals that the automotive industry can expect to achieve $160 billion in productivity gains annually from smart factory adoption from 2023 onwards.
The report, Automotive Smart Factories: How Auto Manufacturers can Benefit from the Digital Industrial Revolution, which surveyed more than 320 automotive manufacturers, demonstrates that the automotive sector has set more aggressive targets for smart factory initiatives compared to other sectors.
A global top 102 automotive manufacturer can expect to realize an additional $4.6 billion or a 50 percent growth in operational profits annually within five years of a full smart factory implementation. [Read more…] about Automotive industry could gain $160 billion through smart factory adoption, says report