The largest European Big Data for Industry 4.0 initiative to merge into a European industrial data room.
Boost 4.0, the largest European initiative for Big Data for Industry 4.0, has a budget of 20 million euros and additional private investment of 100 million euros.
The consortium consists of 50 companies from 16 countries, all coordinated by Innovalia Group. This initiative aims to promote the development of the European Industrial Data Space in order to improve the competitiveness of the European automotive industry. In addition, it will support the manufacturing industry in the implementation of Big Data in the factory and provide the industry with the necessary tools to derive maximum benefit from the industrial value of Big Data.
By supporting ACICAE – key representatives of the automotive industry who are also part of the Boost 4.0 initiative, such as Gestamp, FIAT or Volkswagen – a platform will be provided to discuss the evolution of the automotive sector towards digitalization, including practical examples, success stories and true factory usability. The event will conclude with a special closing ceremony by Arantxa Tapia, Minister for Economic Development and Infrastructure for the Basque Government.
The Boost 4.0 initiative will establish a group of smart and networked factories in Europe that will serve as a guide for European industry. This initiative will accelerate the adoption of Big Data and advanced analytics solutions in the European automotive industry through global standards, open APIs, secure digital infrastructures, trusted Big Data middleware and digital manufacturing platforms.
Boost 4.0 is led by Basque industry partners and is expected to have a significant impact on the automotive and capital goods industries, strategic sectors of the Basque economy and the pillars of the Basque Industry 4.0 strategy. In addition to collaboration between Europe’s largest industrial companies, this 36-month project, run by the Basque Country, is expected to deliver significant productivity gains with expected increases of almost 20% and savings of 50% on unexpected maintenance work.
More information can be found at http://boost40.eu/