Manufacturers today face a highly competitive environment with rising costs of materials and resources. The nominal price of steel, for example, has increased by 167% since the turn of the century while energy costs have climbed more than 2.5 times their prices in 2000 (1). In order to be more efficient while managing tight margins, manufacturers have begun exploring digital […]
Read more →
The coronavirus COVID-19 pandemic has disrupted cities and communities worldwide. From the loss of lives and interruption of essential day-to-day services, to disruption of the global economy, no one person, organization, or country is spared. Cities have borne the initial burden of the COVID-19 outbreak. As the number of infections and deaths surge, governments are […]
Read more →![[Best Practices Guide] How To Thrive in the New World of Manufacturing](https://iiot-world.com/wp-content/uploads/2020/05/young-master-hardhat-bearded-engineer-discussing-technical-sketch-display-tablet-factory-workshop-1024x683.jpg)
Technology Is Disrupting Manufacturing, But It’s Also Offering New Opportunities for Workers and Companies To Thrive Manufacturers today face significant challenges due to disruption from technology, generational change, worker retraining and international pressures. These challenges present manufacturers with more opportunities than ever before. For example, technology is helping to improve safety, reduce waste and increase […]
Read more →
As global competitive pressures have driven changes and higher expectations for manufacturing organizations, enterprise technology in manufacturing must respond at an accelerated pace today. Largely the result of fundamental changes enabled by transformative technologies, new and novel opportunities for industrial organizations are looming. This provides the capacity to leverage the role of industrial analytics and use […]
Read more →
Emerging trends to look for in a post-COVID world will be more reliable and resilient supply chains – not just more cost-effective ones. Supply chain regionalization also brings the acceleration of end-to-end value chain digitalization, enabling low-cost, flexible operations. Finally, the use of data and the application of advanced analytics like machine learning and artificial […]
Read more →
In 1958 Leonard E. Read wrote an essay that was to become one of the most famous – and eloquent – treatments of free market economics. Written somewhat jovially from the first-person perspective of an inanimate carbon(-filled) rod, that essay was I, Pencil. If you haven’t read it then I would urge you to or […]
Read more →
The Fourth Industrial Revolution is key to getting the global economy, and our lives, back on track Preventive measures implemented by countries worldwide to halt the Coronavirus (COVID-19) outbreak in its tracks are forcing us to make fundamental changes to how we live, from work to play, business to education, policymaking to legislation. How long […]
Read more →
The coronavirus COVID-19 pandemic has had a devastating and disruptive impact on cities and communities worldwide. From the loss of lives, interruption of essential day-to-day services, to disruption of the global economy, no one person, organization or country is spared. Local, regional, and national governments are urgently responding with varying degrees of effectiveness. As the […]
Read more →
The energy sector is in the grip of a radical transformation as renewables play an increasingly large role in the energy mix, transforming the nature of power supply and demand. To thrive in the new market conditions, power plant operators are looking to flexible power generation, and data is key to this new flexibility. Data […]
Read more →
Next generation technologies, such as the Internet of Things (IoT), artificial intelligence (AI), 5G, and data science, are poised to transform today’s cities into advanced smart cities. These cities are more resilient, safer, healthier, economically vibrant, and attractive to their residents, businesses and visitors. Despite these benefits, building a smart city is a complex multi-decade […]
Read more →
Connected technology is ushering in a new era of smart cities, which promises to improve the quality of life for billions of people around the world. Smart cities — which are using technology to make urban areas safer, more efficient, and more livable — represent the transformative power of the Internet of Things. Now, as […]
Read more →
To fully understand what Industrial IoT can do for operational efficiency, one must take a holistic view of its benefits. As previously discussed, Industrial IoT involves the connectivity of all aspects of a factory’s assets. This includes production equipment, inventory, supply chain, maintenance, quality and business operations. In past revolutions, specific linear progress was made […]
Read more →