The Schneider Electric Smart Factory Program was founded with the vision of providing performance efficiency across its manufacturing operations portfolio to address common manufacturing pain points (e.g., energy efficiency, asset performance management, process efficiency, etc.). The program developed “lighthouse” sites to scale best practices, expertise and knowledge sharing, applying Industry 4.0 technologies to connect their operations from the shop floor to the top floor.
What the Smart Factory Program found to be most important for scaling their efforts and overcoming operational and asset performance pain points was involving their entire ecosystem, from technology providers to system integrators, in the planning and execution of manufacturing discussions.
Companies like Schneider Electric DERNetSoft and its partners show how radical collaboration can bring us closer to that target. Since the start of the program in 2020, they have been able to scale smart factory efforts and transform the global footprint of more than 100 connected factories, resulting in 44% less downtime and 21% energy efficiency savings.
Collaborative ecosystems are vital to industry’s future
As we have seen in these examples, the advantages of digital collaboration extend across the value chain — from design and engineering to greater energy efficiency.
Recent studies demonstrate the benefits of such an ecosystem approach. The majority (86%) of executives responding to an EY study believe that ecosystems will be a critical success factor in their industry. Likewise, 57% see a lack of ecosystems in their company’s strategy as a serious competitive disadvantage.
Collaborative ecosystems enable stakeholders to share insights, remove information silos and drive smarter decisions along the value chain. The future of industry lies in harnessing radical collaboration to drive innovation and adaptability.
Rob McGreevy is chief product officer at Aveva.