Worldwide: Manufacturers expect that their investments in smart factories will drive a 27 percent increase in manufacturing efficiency over the next five years, adding US$500 billion in annual added value to the global economy, according to a research report by Capgemini’s Digital Transformation Institute.

An inquiry by the European Association of the Machine Tool Industries (CECIMO) shows that data-driven business models are high on the agenda of machine tool builders in Europe. By CECIMO

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