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Chinese, foreign firms team up to cooperate in digital transformation of industries

April 08, 2019


Abstract : A host of Chinese companies are joining hands with their foreign partners to prompt digital transformation of industries they are engaged in worldwide currently.

BEIJING, April 8 (Xinhua) -- A host of Chinese companies are joining hands with their foreign partners to prompt digital transformation of industries they are engaged in worldwide currently.

During April 1-5, Hannover Messe, the world's leading trade show for industrial technology, was convened in Germany, drawing many Chinese companies to seek opportunities for industrial digital transformation here.

According to Siemens AG, the German conglomerate is in strategic cooperation with China Aerospace Science and Industry Co., Ltd. (CASIC), under which they are co-building an industrial Internet platform-based sample smart factory capable of cloud manufacturing for precision electronics components industry.

As Siemens AG introduces, the sample smart plant is good at handling multi-type, small amount and customized orders and is expected to improve production efficiency by 50 percent and drop defective product rate by 56 percent.

Cooperating with Siemens AG helps broaden application of "CASICloud", an industrial Internet platform, and to attract more global partners, CASICloud has completed construction in multiple languages of many countries and regions, said its Chinese partner CASIC.

When large enterprises rushing to embrace digital transformation, many small- and medium-sized enterprises (SMEs) still hesitate, but a round of digital transformation of industries is largely trendy, hold industry experts.

Generally, big companies now lead the digital transformation and SMEs have gradually seen the economic benefits brought by large firms' intelligent manufacturing in spite of their doubts about the related costs and input, said Liao Xiaoxia, marketing department head of Guangdong Jaten Robot & Automation Co., Ltd., a Chinese smart carrying robot supplier for many large Chinese and foreign companies such as Mercedes-Benz and Midea.

A report recently released by global consulting firm Accenture shows that every enterprise has to be a part of the digital technology-driven industry ecology and as fundamental changes in the field accelerate, rules of competition are likely to be thoroughly reshaped. (Edited by Duan Jing, duanjing@xinhua.org)

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Keyword: digital transformation

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