9 out of 10 SMEs Introducing Smart Factories Say "Big Data Analysis Adoption Needed"

Source: Korea Federation of SMEs

[Asia Economy Reporter Moon Hyewon] Nine out of ten domestic small and medium-sized enterprises (SMEs) that have introduced smart factories said there is a need to adopt big data.

The Korea Federation of SMEs announced on the 22nd the results of the "Smart Factory Manufacturing Data Utilization Status and Analysis Demand Survey," conducted from the 1st to the 4th of this month targeting 259 nationwide win-win type smart factory construction companies. This survey was conducted to develop policies related to innovation in small and medium manufacturing industries based on big data.

The survey results showed that the proportion of manufacturing data collection within smart factories was ▲43.3% automatic collection through various sensor devices and systems ▲39.1% direct data input such as barcode, PDA, and touchscreens ▲17.3% manual writing such as work logs and Excel ▲0.4% others, indicating that nearly half of the data is being collected automatically. The Korea Federation of SMEs analyzed that small and medium manufacturing companies appear to be establishing a foundation for utilizing big data.

Manufacturing data is reported to be used for real-time monitoring (69.5%), demand forecasting and cause analysis of defects (42.9%), and process quality analysis materials required by customers (34.7%), suggesting that smart factory data is being utilized in various manufacturing processes beyond merely accumulating data.

In particular, to enhance the utilization of such manufacturing data, 88.8% of the responding SMEs answered that the introduction of big data analysis for the advancement of smart factories is necessary. Through this, they expect ▲a reduction in defect rates (66.5%) ▲cost reduction (62.2%) ▲increase in production volume (50.0%) ▲demand forecasting (32.6%).

Seo Seungwon, Executive Vice Chairman of the Korea Federation of SMEs, said, "The core of reshoring, a key strategy of the Korean version of the 'New Deal' recently promoted by the government, is the advancement of smart factories based on big data," adding, "It is significant that 88.8% of companies that have built smart factories are already recognizing the necessity by actually utilizing manufacturing data, as this survey suggests."

This content was produced with the assistance of AI translation services.