Did you know that manufacturing accounts for 16% of Europe’s GDP? The sector is responsible for 64% of private sector Research & Development expenditure and for 49% of innovation expenditure in Europe.
Manufacturing SMEs
Digitalization of Industry
Today, less than 1% of objects are connected to the Internet, but there are likely to be almost 6 billion Internet of Things (IoT) connections within the EU in 2020. The IoT blurs the lines between products, services and industry sectors. It means new innovative services or applications; better products with built-in services or applications; more efficient processes; improved energy and resource efficiency; better understanding of customers’ needs; increased flexibility and more possibilities for sharing.