McKinsey’s Global Institute predicts that IoT will have an economic impact of around $11 trillion by the end of 2025. The growing demand for automation, centralized monitoring, and predictive maintenance are leading the IoT technology most…
Now that technology has matured to a point where companies can implement a digital twin strategy that is cost-effective, it is a game-changer for manufacturers. In fact, 75% of organizations implementing IoT already use them or plan…
IIoT is driving the manufacturing industry to modernize its software infrastructure. Whether you call it Industry 4.0 or the Industrial Internet of Things (IIoT), manufacturing is in the midst of a significant transformation. A key motivation…
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…
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…
Nearly 70% of retail and manufacturing had already begun digital transformation projects before the COVID-19 pandemic, turning the supply chain ecosystem on its head. In a post-COVID-19 world, those digital transformations will likely accelerate, as suppliers…
Every day, another challenge arises and the growing impact of COVID-19 has left most companies rushing to implement new processes to minimize operational impact. Remote working has become the new norm; but for certain jobs, especially…
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…
Internet of Things is no more a technological breakthrough. Industrial applications have been faster in adoption of IoT and it has been playing a significant role for businesses that requires internal tracking, attaining near to zero…
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…
It’s estimated that IoT applications in operations optimisation have the potential to create value of $1.2 to $3.7 trillion per year in the factory setting in 2025. Manufacturers and equipment builders are in a position to jointly create…
Many industrial businesses today see IIoT as a solution to the 21st century business issues they face. There’s ever-increasing pressure from shareholders for better financial results, to generate greater returns on the considerable amount of capital…