Spanish industrial companies are clearly behind those of the rest of the world in terms of digitalization, as revealed by the report "Industry 4.0", prepared by the consultancy PwC from interviews with 2,000 managers of companies in the sector in 26 countries -45 of them Spanish ones-. If at a global level the companies of the industrial sector have gone from words to action, in our country we are still not in this scenario.
The report concludes that only 8% of Spanish industrial companies - auto, aerospace, electronics, chemicals, paper, metallurgical, construction and transport and logistics - are at an advanced level of digitization, 25 points below the global average, which stands at 33%.
During the last week, many of the members of the Muutech team have been immersed in many activities to enhance and give visibility to our monitoring project.
The Industrial Automation Conferences (JAI) held at the Faculty of Industrial Engineers of the University of Vigo, is an event that every year brings together specialists and large companies in the industrial automation sector.
Thus, renowned companies such as Siemens, Rockwell, KUKA, Omron and many others expose their latest developments in automation and industrial robotics. A total of 700 professionals and 400 students met at the JAI 2018 at the School of Industrial Engineering. The event hosted 38 conferences and an exhibition of 35 stands with the latest developments in robotics.
Unplanned work stoppages cost global industries millions of dollars in lost revenue. Downtime can be caused for multiple reasons. Examples can be weather delays in airline companies or cyber crime which lead to infrastructure breakdowns.
Susceptibility to failure persists, particularly as it relates to factories. According to some research information, more than 90% of machines in factories globally are not network-connected, and the vast majority are more than 15-years-old.
The graphic below shows how much money is lost in a few major industries for just one minute of downtime: