TeamViewer and Hyundai Motor Sign Strategic Partnership to Accelerate Digital Innovation in Automotive Smart Factory

From Left to Right - Hong Bum Jung, CEO, HMGICS and Oliver Steil, CEO, TeamViewer

• TeamViewer to provide Hyundai Motor with industry-leading enterprise augmented reality (AR) platform and artificial intelligence (AI) capabilities
• Partnership will help Hyundai Motor develop an intelligent manufacturing platform and enhance productivity, accuracy and worker safety in a smart factory

TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions, today announced a partnership with global mobility solutions provider Hyundai Motor Company to digitalize business operations and manufacturing processes for Hyundai Motor Group Innovation Center in Singapore (HMGICS).

TeamViewer and Hyundai Motor Company will cooperate to maximize digitalization benefits in HMGICS’ smart factory using TeamViewer’s augmented reality (AR) platform, which includes mixed reality (MR) and artificial intelligence (AI) capabilities. The platform will support assembly, maintenance, quality management, logistics, client experience projects and workforce training.

The two companies will conduct joint research and development (R&D) activities in AR-powered smart factory operations, immersive digital experience for frontline workers and AI support for a future automotive factory.

 

Overall, the partnership will drive increased productivity, accuracy, speed and safety of frontline production workers. To leverage these benefits for the industry, the two parties will also pursue global joint marketing of smart factory and enterprise AR technology.

“We are pleased to have TeamViewer as a key technology partner for digital transformation in building a smart factory,” said Hong Bum Jung, Chief Executive Officer of HMGICS. “Developing an intelligent manufacturing platform is an important part of Hyundai's strategy to lead the future mobility industry. We are continuously innovating the overall mobility value chain, which includes presenting a vision for a future mobility smart factory. We expect the partnership will further accelerate our transition to smart factory and enhance its efficiency.

Sojung Lee, President for TeamViewer Asia Pacific, said, “We are excited to collaborate with Hyundai Motor Company in digitalizing manufacturing processes and building an automotive factory of the future. As digital transformation has accelerated on the shopfloor, there is a growing need for AR solutions like TeamViewer Frontline that helps by optimizing manual work processes in industrial environments. Our collaboration with Hyundai Motor Company will further solidify our position as an enterprise software provider with specialized solutions for the manufacturing industry and it will strengthen our role as a leading player in the industrial metaverse space.”-

HMGICS, the Group’s test bed and a global open innovation hub, aims to develop new EV business models, forge innovative partnerships, produce mobility products, and develop the Group’s intelligent manufacturing platform to revolutionize the overall mobility value chain.

About TeamViewer

TeamViewer is a leading global technology company that provides a connectivity platform to remotely access, control, manage, monitor, and repair devices of any kind – from laptops and mobile phones to industrial machines and robots. Although TeamViewer is free of charge for private use, it has more than 625,000 subscribers and enables companies of all sizes and from all industries to digitalize their business-critical processes through seamless connectivity. Against the backdrop of global megatrends like device proliferation, automation and new work, TeamViewer proactively shapes digital transformation and continuously innovates in the fields of Augmented Reality, Internet of Things and Artificial Intelligence. Since the company’s foundation in 2005, TeamViewer’s software has been installed on more than 2.5 billion devices around the world. The company- is headquartered in Goppingen, Germany, and employs around 1,400 people globally. In 2021, TeamViewer achieved billings of EUR 548 million. TeamViewer AG (TMV) is listed at Frankfurt Stock Exchange and belongs to the MDAX. Further information can be found at https://www.teamviewer.com/.

About Hyundai Motor Company

Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision ‘Progress for Humanity,' Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Advanced Air Mobility (AAM) to bring about revolutionary mobility solutions, while pursuing open innovation to introduce future mobility services. In pursuit of sustainable future for the world, Hyundai will continue its efforts to introduce zero emission vehicles equipped with industry-leading hydrogen fuel cell and EV technologies. More information about Hyundai Motor and its products can be found at:
http://worldwide.hyundai.com or http://globalpr.hyundai.com

Mitsubishi Electric To Invest INR 2 Bn in Indian Subsidiary, Setup New Factory for Factory Automation Control System Products

Mitsubishi Electric Corporation announced today that it will invest approximately 2.2 billion Indian rupees, or 3.1 billion yen, in its subsidiary Mitsubishi Electric India Pvt. Ltd. to establish a new factory in India. Expected to start operations in December 2023, the new factory will manufacture inverters and other factory automation (FA) control system products, expanding the company’s capabilities to meet the growing demand in India. The rapidly growing Indian market is expanding at an annual rate of about 8% mainly in industries such as automobiles, food & beverage, pharmaceuticals, data centers, and textiles, with further market expansion expected in the future.

Mitsubishi Electric’s FA control systems business in India began in the mid-1990s, and since acquiring a local manufacturer of FA control systems in 2012, the company has continued to strengthen its local business structure by establishing a local engineering team, expanding service and support capabilities, and in 2013, starting local manufacturing of products.

The new two-floor, 15,400 square-meter factory will be built on 40,000 square meters of land near Pune, Maharashtra, and will help expand Mitsubishi Electric’s production capabilities to meet local demand for products, and also contribute to the Make in India initiative promoted by the Indian government.

In addition, the new factory will incorporate various features aiming to achieve carbon neutrality by reducing carbon dioxide emissions through the use of highly efficient air conditioning systems and LED lighting equipment and meet sustainable development goals (SDGs) by reusing wastewater through underground filtration treatment and greening.

Smart Factory Adoption Rate Increase from 43% in 2017 to 68% in 2019 - Capgemini

A new study from the Capgemini Research Institute has found that smart factories could add at least $1.5 trillion to the global economy through productivity gains, improvements in quality and market share, along with customer services. However, two-thirds of this overall value is still to be realized: efficiency by design and operational excellence through closed- loop operations will make equal contributions.

According to the new research, China, Germany and Japan are the top three countries in smart factory adoption, closely followed by South Korea, United States and France.



The report entitled, “Smart Factories @ Scale”, identified the two main challenges to scaling up: the IT-OT convergence and the range of skills and capabilities required to drive the transformation including cross-functional capabilities and soft skills in addition to digital talent. The report also highlights how the technology led-disruption, towards an ‘Intelligent Industry’, is an opportunity for manufacturers striving to find new ways to create business value, optimize their operations and innovate for a sustainable future. 

Key findings of the study, which surveyed over 1000 industrial company executives across 13 countries, include:

Organizations are showing an increasing appetite and aptitude for smart factories: compared to two years ago, more organizations are progressing with their smart initiatives today and one-third of factories have already been transformed into smart facilities. Manufacturers now plan to create 40% more smart factories in the next five years and increase their annual investments by 1.7x compared to the last three years. 



The potential value add from smart factories is bigger than ever: based on this potential for growth, Capgemini estimates that smart factories can add anywhere between $1.5 trillion to $2.2 trillion to the global economy over the next five years. In 2017 Capgemini found that 43% of organizations had ongoing smart factory projects; which has shown a promising increase to 68% in two years. 5G is set to become a key enabler as its features would provide manufacturers the opportunity to introduce or enhance a variety of real-time and highly reliable applications.

Scaling up is the next challenge for Industry 4.0: despite this positive outlook, manufacturers say success is hard to come by, with just 14% characterizing their existing initiatives as ‘successful’ and nearly 60% of organizations saying that they are struggling to scale. The two main challenges to scale up are:

• The IT-OT convergence - including digital platforms deployment and integration, data readiness and cybersecurity - which will be critical to ensure digital continuity and enable collaboration. Agnostic and secure multilayer architectures will allow a progressive convergence. 


• In addition to digital talent, a range of skills and capabilities will be required to drive smart factory transformation including cross-functional profiles, such as engineering-manufacturing, manufacturing-maintenance, and safety-security. While soft skills, such as problem solving and collaborative skills will also be critical.

According to the report, organizations need to learn from high performers (10% of the total sample) that make significant investments in the foundations - digital platforms, data readiness, cybersecurity, talent, governance - and well-balanced “efficiency by design” and “effectiveness in operations” approach, leveraging the power of data and collaboration.

Jean-Pierre Petit, Director of Digital Manufacturing at Capgemini said: “A factory is a complex and living ecosystem where production systems efficiency is the next frontier rather than labor productivity. Secure data, real- time interactions and virtual-physical loopbacks will make the difference. To unlock the promise of the smart factory, organizations need to design and implement a strong governance program and develop a culture of data-driven operations.” 

“The move to an Intelligent Industry is a strategic opportunity for global manufacturers to leverage the convergence of Information Technology and Operational Technology, in order to change the way their industries will operate and be future ready,” he further added.

Mourad Tamoud, EVP, Global Supply Chain Operations at Schneider Electric said: “Through Schneider Electric’s TSC4.0 Transformation, Tailored, Sustainable & Connected 4.0, a sustainable and connected journey which integrates the Smart Factory initiative, we have created a tremendous dynamic.  We had started with just 1 flagship pilot several years ago and towards the end of 2019, we have over 70 Smart Factory sites certified with external recognition by the World Economic Forum.  By training our managers, engineers, support staff, and operators, we have equipped them with the right knowledge and competences.  In parallel, we have also started to scale this experience across the organization through a virtual network to achieve such a fast ramp up. “This is only the beginning - we will continue to innovate by leveraging internally and externally our EcoStruxure™ solution - an IoT enabled, plug and play, open architecture and platform - and use the latest best practices in the digital world,” he further added.

The report also details that PLM, MES / SCADA and robotics are key components of industrial architecture. However, the main areas of investment for at-scale deployments are IoT and AI, which support data-driven operations, as well as remote and mobile capabilities.

Download Brief Report PDF

Research Methodology:

The research surveyed over 1,000 manufacturers, focusing primarily on organizations that had a smart factory initiative underway from 13 countries (China, France, Finland, Germany, Japan, India, Italy, South Korea, The Netherlands, Spain, Sweden, United Kingdom, United States) across the industries - discrete manufacturing, process industries, power, energy and utilities, consumer products. The Capgemini Research Institute also conducted nearly twenty in-depth discussions with executives overseeing a smart factory initiative or a smart factory.

About Capgemini

A global leader in consulting, technology services and digital transformation, Capgemini is at the forefront of innovation to address the entire breadth of clients’ opportunities in the evolving world of cloud, digital and platforms. Building on its strong 50-year heritage and deep industry-specific expertise, Capgemini enables organizations to realize their business ambitions through an array of services from strategy to operations. Capgemini is driven by the conviction that the business value of technology comes from and through people. It is a multicultural company of over 200,000 team members in more than 40 countries. The Group reported 2018 global revenues of EUR 13.2 billion.