Automotive Smart factory Solutions

INGLEWOOD, Calif. - Sept. 7, 2021 - PRLog -- Automotives are among the most competitive manufacturing industries, combining fast innovation cycles and relentless cost pressure driven by fierce competition. Both OEMs and component suppliers have traditionally been at the forefront of productivity improvement, with successive waves of automation and Lean management. Smart automotive factories or Industry 4.0 have initiated the next S curve of improvement, with advanced analytics allowing us to further optimize operations while improving flexibility. Successful pilots have sprung up in factories, using Faststream's predictive maintenance for end-to-end flow optimization, and confirmed the business case for insights-driven operations. The car as a product undergoes constant technological innovation and represents a cyber-physical system with the capability to collect and process data. Supply the OEMs with both "Industry 4.0 capable" car parts and production equipment. Therefore, those industries also contributed to the implementation of Industry 4.0 within automotive OEMs.

Faststream Technologies has used Industry 4.0 for digital transformation in the factory, including virtual assembly technology, autonomous ground vehicles, driverless floor conveyors, remote maintenance portals, metal 3D printing centers, collaborative robots, and drones, etc. Faststream spoke to 30+ top executives from automakers across 5 countries –principally Germany, India, the USA, Japan, and the UK – each of which had 2019 revenues of over $500 million. Faststream researchers found that 98% of companies have a smart factory initiative of some kind underway and nearly half (48%) say that they are making good progress on their strategic roadmap for it – up from 38% in a previous study in 2017-18.

Read More: https://www.faststreamtech.com/solutions/iot-solutions/sm...