It’s generally acknowledged that Industry 4.0 offers great opportunities for businesses to obtain and analyze data for use in predictive maintenance and improved efficiency. Companies are increasingly implementing IoT systems with the global spending on IIoT (Industrial IoT) platforms for manufacturing predicted to grow from $1.67Bn in 2018 to $12.44Bn in 2024. However, many companies are concerned […]
Read more →IIoT and Industry 4.0 are omnipresent topics in today’s industry tradeshows and blog posts. A lot of products promise to help you achieve vertical integration of production flow and data and enterprise software like ERP. But usually, there’s also a catch: either you get very complex products with a similarly shocking price tag – or […]
Read more →Equinor’s LNG facility on Norway’s Melkøya Island cools natural gas from the Barents Sea to minus 160 degrees Celsius, fills it into special tanks, and delivers it to ports around the world. To do this work, it particularly also uses digitalization tools from Siemens. Whether competing in swimming, gymnastics or track and field, athletes have […]
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In 5 years there will be 75 billion devices connected to the internet, perhaps a few billion insecure and unpatchable. An estimated 2 billion run VxWorks and perhaps a couple hundred million of those will not be patched in any reasonable length of time. About 200 million Internet-connected devices—some that may be controlling elevators, medical […]
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With global spending on IIoT expected to reach $745 billion in 2019, industries continue to gear up for Industry 4.0. According to International Data Group (IDC), that number represents an increase of over 15% from 2018, and double-digit growth is expected to continue through 2022. Leading the pack are discrete manufacturers and process manufacturers who are expected […]
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The Internet of Things (IoT) is changing the way we live. Having become ubiquitous in the consumer economy, IoT is now emerging as a force in every industry including manufacturing, energy utilities, healthcare, transportation and building technologies. This is no coincidence. The Internet of Things creates measurable value for private and public organizations alike. The […]
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We have entered a new era of scientific breakthroughs and technological applications that will change life as we know it. Accelerated technological development is transforming our civilization. The pace of innovation is growing so rapidly that it is becoming exponential as each year passes. Futurist Dr. Michio Kaku characterizes this blazing technological shift as moving from […]
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Who’s in charge? Is it the engineering manager selecting building blocks for putting the platform together? Could it be the IT leader preparing data lakes for absorbing the output of analog machines into the digital domain? Perhaps the Chief Digital Officer creating a vision for the future is in charge. Maybe it’s the product owner […]
Read more →What is SCADA? Supervisory Control and Data Acquisition (SCADA) systems have been in existence three decades and have long been considered the de facto method for interfacing with PLCs and providing alarming, logging, trending, and operator interface functionality. Today most SCADA packages include web and mobile interfaces and tout these features as their Industrial Internet […]
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“Digital transformation” and “smart factory” are the terms that have been around for a while, but only advanced manufacturers apply them to practice. The idea of machine to machine communication has raised the initial excitement and high hopes but now owners of mid-size and small factories ask: “What’s next? How do I start adopting these […]
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Make sure your Connected Machine/Equipment project delivers real value – for you and your customer. You want to connect your units in the field for an enhanced customer value proposition and an improved Services business case? There are many ways how your customers benefit from connected enterprise assets. Less downtime/higher utilization, insights into usage and […]
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The number of possible applications of IIoT grows every day, and this trend isn’t likely to change anytime soon. The latest numbers estimate that the combined IoT markets will reach a staggering $520B by 2021. An industry that is definitely being affected by the recent developments in IoT technology is maintenance. There are many reasons […]
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