Mitsubishi Electric

Understanding the ROI of Visualization

It has long been said that Internet-of-Things (IoT) should play a key role in the manufacturing industry, but according to a white paper issued in 2019 by Japan’s Ministry of Economy, Trade and Industry, the percentage of Japanese manufacturers that collected manufacturing data was just 51%. COVID-19, however, has had a major impact on manufacturing, and according to Mitsubishi Electric’s own research in 2020, 46.5% of businesses that use FA products have accelerated the evolution of their factories to become smarter. The trend towards smarter factories is closely linked to the increased need for coping with demand fluctuations and new working styles, including remote work.

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