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Telefonica, Tech Leaders to Create Spain's First Industrial AI Consortium

Telefonica, Tech Leaders to Create Spain's First Industrial AI Consortium Image Credit: Telefonica

Six major corporations — Repsol, Gestamp, Navantia, Técnicas Reunidas, Telefónica, and Microsoft — have joined forces to create IndesIA, the first data economy and artificial intelligence consortium in the Spanish industrial sector. 

Focused on Spain with a European outlook, the consortium aims to take on more companies and integrate different business sectors. IndesIA is a catalyst project whose goal is to position Spain as a leader in data and artificial intelligence applications for industry, while also stimulating a new economy to spark growth at the national level.

 

The Spanish industrial sector currently faces a number of important challenges. The need to become more competitive through automation and optimization of industrial processes stands out among these, as does improving sustainability through energy efficiency, developing new materials with lower environmental impact, and following through the commitment to the circular economy. Achieving all of this will require scaling the use of data and artificial intelligence throughout the value chain.

Over 60 use cases based on artificial intelligence and data analytics have been identified to provide traction across the value chain of five major industrial areas: energy, automotive, naval, telecommunications, and engineering. With this, data and artificial intelligence can be used in nearly any industrial process, in any business active in these areas, for improvements of any kind.

Applying these technologies in processes common throughout these industries also offers a wide range of synergies, including predictive maintenance of equipment, optimization of production planning, smart logistics, the development of autonomous production plants, optimization of energy consumption in production, development of digital twins, automation of industrial processes, quality optimization, and development of advanced materials.

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Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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