Digital transformation in Industry 4.0
In 2020, digital transformation in the manufacturing industry was valued at $263.9 billion. This figure is anticipated to reach $767.8 billion by 2026. Robotic manufacturing, sustainable technology and connected vehicles are all topics shaping the manufacturing landscape. See how connectivity is becoming absolutely essential to growth, allowing businesses to stay competitive and relevant today and tomorrow.
"YOFC is dedicated to advancing digital intelligent manufacturing and shaping an intelligent future. As a contributor to the 5G + Industrial Internet, YOFC has been at the forefront of industrial innovation via the utilization of cutting-edge communication technology, supporting the rapid progression of the 5G era and the establishment of an efficient, interconnected Industrial Internet platform. As a leading practitioner, YOFC delves into intelligent manufacturing and leverages technologies like AI algorithms and big data to develop simulation software independently. Our efforts have driven technological advancements within the industry and enhanced product quality and production efficiency. YOFC's spirit of innovation enables us to be a pioneer for digital transformation as we share our expertise across various industries and domains, thus fostering the global industry's digital intelligence evolution."
Vice President, YOFC
Manufacturing DX in Numbers
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30%
Predictive maintenance can reduce maintenance costs by up to 30%, downtime by 70%, and increase equipment lifetime by 20%.¹
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$371.7B
Cloud manufacturing market estimated to reach $371.7 billion by 2026, driven by the need for digital transformation.²
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91%
91% of manufacturing executives believe that AR/VR will be important for their company’s future success. ³