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News

Overview of Case Studies and Public Funding Opportunities

19.04.2021
Company: Amcham

key trends in modernizing manufacturing 

• The key enablers to modernization can be grouped in three categories: digitization (team collaboration tools, virtual assistant, digital twin), data (predictive analytics, self-service BI, real-time data processing), and infrastructure (5G/Wifi 6, IoT, data as a service). 
• Investments in smart factories projected to reach USD 244.8 billion in 2024. 
• By the end of 2021, 25% of manufacturers will apply machine learning to data.  
• Working with digitization and other modern tools at a client in heavy industry, EY managed to reduce unplanned stops and increase uptime. This reduced material loss and operational expenditures and produced a Euro 1.048 million annualized benefit.  
• Using Smart Daily Management, EY helped a major tire maker increase its OEE results over a four week period by 9%.  
• Implementing IWS methodology, EY helped a tobacco company increase average module output and reduce the number of workshifts. 

Click here to see the Overview.

Tags: Finance | Manufacturing |

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