Euripides Chairman Jochen Langheim on the role of the electronic industry in the transition to the smart factory.
The Smart Factory will connect customers, suppliers, employees and machines in order to control the whole production process. Complexity and sensitivity of information to manage in an electronic production factory will require increasing investments. Therefore, the electronic industry looks among the more mature in the transition toward the smart factory and will indeed pull the rest of the industry up.
Thanks to the development of industrial IoT (also within the framework of EUREKA and its Clusters), Europe will be at the forefront of the Smart factory.
1. Full connectivity, data collection and block-chains
The possibility to trace material, products and movements in manufacturing and in the supply chains will lead to new business models and new product ideas.
2. Faster innovation cycle, collaboration a must
The innovation tempo will accelerate and lead to a reduction of the industrial development cycles together with a reduction of products life time and of investments depreciation. Transnational collaboration is a must!
3. More clients, more individualisation, more flexibility in manufacturing
New production technologies will lead to an exponential growth of the number of products and associated data. Artificial intelligence will help to increase productivity while maintaining a high level of quality. However, with more data comes more sensitivity and thus data security will become an even more important challenge. Safety and security by design is key.
4. More sensitive population
Similar to ecologic movements, data privacy (and somehow data pollution) will have an important, sensitive role. The smart factory of tomorrow will need to respond to social criteria such as privacy and the right to forget. Privacy by design is key.
5. New opportunities with higher cost pressure
The pressure on costs will remain a main driver for industry to improve. Integration of solutions, system approaches for optimization, the right mix of hardware, software and connectivity will be a key success factor for European industry. And all this with a high speed of research, development and industrial deployment.