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China's enterprises see rise in profit through intelligent manufacturing: Deloitte

July 11, 2019


Abstract : China's enterprises have seen rising profit through intelligent manufacturing, said Wu Weijun, vice chairman of global auditing and consultancy firm Deloitte in China based on a research on survey of thousands of Chinese manufacturing companies by Deloitte.

BEIJING, July 11 (Xinhua) -- China's enterprises have seen rising profit through intelligent manufacturing, said Wu Weijun, vice chairman of global auditing and consultancy firm Deloitte in China based on a research on survey of thousands of Chinese manufacturing companies by Deloitte.

To be specific, in 2017, intelligent manufacturing contributed more than 30 percent to profit of 47 percent of Chinese enterprises, while it contributed less than 10 percent  to profit of  55 percent of Chinese enterprises in 2013, according to the research from Deloitte.

Intelligent manufacturing is mainly deployed by Chinese industrial enterprises in digital factories, equipment and user value extension, industrial Internet of Things (IoT), reengineering business models, and artificial intelligence (AI), added Wu.

Among them, the enterprises' digital factory development is the main task to explore the data flow from production to execution, while the product data flow and supply chain data flow have more improvement spaces in the future, according to Wu.

At present, Chinese manufacturing companies are facing many challenges and market competition in terms of equipment and user value extension. Thus, to explore new sources of value is needed for the companies.

However, wu noted that as for industrial IoT, Chinese enterprises show relatively low enthusiasm for industrial cloud deployment. 53 percent of the enterprises have not deployed industrial could yet. (Edite by Jiang Feifan)

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Keyword: Internet of things intelligent

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