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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Industrial equipment manufacturers around the world are looking for ways to protect their core businesses while also seeking new cost savings and customer revenue opportunities. Many look to digital transformation and industrial IoT for enabling new services like remote monitoring and predictive maintenance. They’re seeking methods for collecting and integrating machine and enterprise data, and optimizing their […]
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One of the biggest challenges in getting funding for an IoT project is being unable to monetize the results. Complete IoT solutions often cost a lot of money – new hardware needs to be purchased and custom software needs to be created. When asked to justify the cost of a solution, many people focus on […]
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Making the most of legacy equipment According to the Annual Manufacturing Report, 2018, four in five manufacturers believe that smart factory technologies will improve their supply chain relationships. The proposed benefits of data collection from smart sensors are huge, but some manufacturers still feel that a smart factory is out of their reach. In […]
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Having the right pieces in place, setting reasonable expectations, and a dedication to project initiatives may be the best roadmap to a succesful IIoT implementation. Planning a Digital Transformation We often talk to companies who have predictive and preventative aspirations but who still don’t have machines networked, the necessary IT infrastructure to capture and aggregate […]
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How Industry 4.0 technology can be used to improve staff safety Increased productivity is not the only benefit of Industry 4.0. The focus on real-time monitoring and connected technology has allowed plant managers to place greater emphasis on the health and safety of their staff. It’s not uncommon for film stars to injure themselves at […]
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With the long-anticipated roll-out of 5G, there are high expectations for the potential impact of new technologies and business models enabled by these networks. The advent of 5G brings multiple advantages, including greater speed to move more data, lower latency to reduce delays, and the ability to connect more devices. In particular, the industrial IoT […]
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As connectivity to the outside world grows, security is becoming one of the most important topics in industrial IT and Operational Technology. In this interview, Michael Murray, SVP and GM Cyber Physical at BlackRidge Technology, responds to our questions focused on ICS security. Carolina Rudinschi: How would you rate the level of cybersecurity awareness among industry in general? Why? Michael […]
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Throughout our ten years of working with equipment manufacturers to connect, collect, and integrate operational data with enterprise systems, we’ve seen many trends impacting industrial IoT project success. The world has finally moved beyond most of the technological limitations for building innovative solutions for IIoT. All the necessary tools exist to create connected product systems […]
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Contradictory to the common belief that technology necessary for Industry 4.0 is expensive, the Combine and Conquer report by Accenture found that combining technologies such as AR/VR, big data and machine learning can save large businesses an average of $ 78 000 per employee. Despite Industry 4.0 being far from a new concept, first being […]
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Every single industrial organization is at risk. The competition — at home and globally — has discovered the value of IIoT to create new business models, to enable and empower the workforce, to establish new operational efficiencies, and so much more. The fact is, if you aren’t moving forward and getting better, you’re falling behind. […]
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At the time this article was written, the cryptocurrency market showed major losses and is in a bear market now since 2018. The downfall affected all currencies more or less equally. Apart from this commonality, the currencies have very different potentials and use cases. Bitcoin, for example, has already been touted as a candidate for a […]
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