Frost & Sullivan GIL 2014: Europe to Focus on Factories of the Future

By Chemical Processing staff

Apr 08, 2014

High competitive pressures, changes in end-user's demands will shape the future factory providing the services market with growth opportunities.

The evolution of future factories under the paradigm of industry 4.0 will be will be discussed at the annual Frost & Sullivan’s event GIL 2014: Europe that will be take place in London on May 14.

For the sixth consecutive year, GIL 2014: Europe will gather together top opinion leader across different industries at the Royal Garden Hotel in Kensington.

 “Innovation in services will be the first step towards achieving this futuristic vision. But the larger question that needs clarity is on the nature of service evolution” says Muthukumar Viswanathan, Frost& Sullivan’s practice director for industrial automation and process control and measurement and Instrumentation. “Internet of services is one of the component of Industry 4.0 that describes the future of services on a device-independent and device-dependent service models. The projection of this trend onto specific products in the industrial space, will lead us to identify a number of new service opportunities that bear immense significance to industrial product suppliers.”

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