Cities around the world are making huge investments in technology that will help them provide better services, reduce greenhouse gas emissions and operate in a way that leverages the power of IoT, artificial intelligence and 5G technologies. Put together, these investments are part of the story in delivering on the vision of “Smart Cities” – […]
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We are in the midst of a massive change in manufacturing – and how well companies embrace and adapt to it is crucial to their future. Over the last several years, industrial companies have been undertaking a number of initiatives to move themselves to a goal of what has been called “Industry 4.0” or “Factory […]
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If you’re like me, you might feel as if the industrial internet of things (IIoT) should be more of a thing by now. That’s not to say it isn’t panning out. IIoT applications are on the rise, and recent estimates anticipate as much as $14 trillion in additions “to global domestic product by 2030” thanks […]
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The major accidents in 2005 at Texas City and Buncefield marked a watershed for the ...
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The promise of IoT is enormous, from reducing operating costs, to improving workplace safety; yet many
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It’s predictable as continental drift: the center of gravity in computing moves every few decades from the center and the edge and back again thanks to changing demands and technological advances. From 1948 to the 70s, centralized mainframes ruled because that’s all there was. Then Intel invested 4004 in 1971 which brought processing power to […]
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Recently, Lucian Fogoros, Co-founder and Managing Director of IIoT World, interviewed Klaus Helmrich, Member of the Managing Board of Siemens AG and CEO Digital Industries. Some of the questions we asked were crowdsourced. Lucian Fogoros: Industry 4.0 is today mostly about customization of products – how does Siemens see customization opportunities in Industry 4.0 without a […]
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In the food production industry, high-tech tools and systems are being used to optimize production conditions. But new technology brings new challenges and risks. The world population is expected to reach 9.8 billion in 2050, according to a study published in 2017 by the United Nations Department of Economic and Social Affairs. The same study also shows […]
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With the advent of the Internet of Things (IoT), industries around the world are undergoing a major digital transformation. In their 2017 research, Capgemini reported that smart factories could contribute an annual added value of $500 billion to $1.5 trillion to the world economy in the next five years. In parallel, manufacturers predicted that overall […]
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Ready or not, digital transformation (DX) is here and already is revealing its impact on every part of our lives. In some cases, the transformation is obvious. Take the way we call for a ride-share or taxi, find a room to stay, or chat to a robot for your favorite song. These are all part […]
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There is no denying that we are well into the swing of the Fourth Industrial Revolution. Early adopters of digitization are already seeing measurable benefits such as increased energy efficiency and quicker troubleshooting which is resulting in less downtime of their assets and a better return on capital expenditure. However, there is still concern that digitization […]
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Implementing digital transformation strategy presents many challenges. These can range from having to manage massive revamping of business and work processes to implementing completely new models for customer engagement. Some challenges are understood but still difficult, such as dealing with legacy technology and infrastructure. Many other challenges of digital transformation simply can’t be foreseen, yet […]
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