Innovalia leads the construction of the European Industrial Data Space to improve the competitiveness of the European Automotive Industry.
The kick-off event for Boost 4.0 will take place on January 30th in the Automotive Intelligence Centre (AIC) in Boroa. Boost4.0 is the largest European initiative in Big Data for Industry 4.0. Boost 4.0 has a budget of 20M euros with an additional private investment of 100M euros. The consortium consists of 50 companies from 16 countries, all of them coordinated by Innovalia Group. This initiative will lead the construction of the European Industrial Data Space to improve the competitiveness of the European Automotive Industry. Additionally, it will guide the manufacturing industry in the introduction of Big Data in the factory, providing the industry with the necessary tools to obtain the maximum benefit of Big Data’s industrial value.
During this kick-off event, the main representatives of the European Commission and the Spanish Ministry of Industry will present international and national policies related to Big Data, Digital Manufacturing Platforms and Industry 4.0. ACICAE’s support will provide the main representatives of the automotive sector, who are also part of the Boost 4.0 initiative, such as Gestamp, FIAT, or Volkswagen, with a platform to discuss the evolution of the automotive sector towards digitalization, including practical examples, success stories and real applicability in factories. The event will also have a very special closure ceremony by the Basque Economic Development Counselor, Arantxa Tapia.
The Boost 4.0 initiative will establish a group of smart and connected factories in Europe that will serve as a guide for European industry. This initiative will work to accelerate the adoption of Big Data and advanced analytic 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 industrial partners and will have a significant impact on the automotive and capital goods industries, strategic sectors in the Basque economy and pillars of the Basque Industry 4.0 strategy. In addition to making the collaboration between the largest European industrial companies possible, this 36-month Basque Country-driven undertaking will bring significant improvements in productivity, with expected increases close to 20%, as well as 50% reductions in unexpected maintenance operations.