skip to Main Content
MSJ NEWS see latest news

Automation Chief Says Better Data Utilization Could Boost Manufacturing Productivity

  • Automation expert at Swiss engineering firm ABB says industrial companies don’t utilize most of the data they generate
  • Pairing the data with processes such as artificial intelligence could lead to a significant boost in manufacturing productivity
  • Autonomous and data-driven processes are part of the “Industry 4.0” movement underway around the globe

Much of the data being produced at industrial companies is going to waste, with the manufacturers missing opportunities for a substantial boost in productivity, an automation expert recently told CNBC.

Peter Terwiesch, head of industrial automation business at the Swiss engineering firm ABB, estimates that about 80 percent of the data being generated at these companies is not being utilized. He estimates that if it were to be paired with processes such as artificial intelligence or algorithms, it could yield a 30 to 40 percent boost in productivity.

Manufacturers around the world are adopting an “Industry 4.0” approach, or the increased adoption of autonomous and smart systems. These technologies enable communication and information sharing between machines while also allowing companies to better identify opportunities for growth and efficiency.

Spread the Word

More To Explore

Expert Summaries

Know Your Competitors

By Denis Jakuc 

There are tons of benefits to knowing who your competitors are—what they’re offering, their strengths and weaknesses. That knowledge can help you make your products and services stand out,

Latest News

Join with Free InnovatorsLINK Account

Start accessing all the free member benefits and valuable content on the InnovatorsLINK platform. Create a BizLINK listing to boost brand exposure, receive the weekly Main Street Journal newsletter, engage in forums, get full access to free content, and more.