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 →
The last two and a half centuries have brought about stunning changes in industrial productivity. With each passing generation, new and more advanced equipment and methodologies have arrived on scene to push production capabilities to new heights. And as each new methodology or technological advancement has matured, the quest for greater operational efficiency has honed […]
Read more →
Machine Learning Requires a Systematic Approach to Systems, Architecture, and data. Developing Machine Learning analytics yields immediate and long-term benefits. 1. Make Machine Learning Part of a Modernization Strategy After decades in research labs, machine learning is now getting enormous attention for real-world applications that harness the technology’s formidable power to discern patterns in huge quantities and […]
Read more →
Are you looking for the best industrial IoT platform? Sorry, it’s not for sale. So, if your enterprise is serious about transforming your products, processes, and service relationships, you’ve got a problem. What do you see when you search? First, you’ll find IIoT analytics platforms. Then you’ll see drag-and-drop IIoT application platforms. You’ll read about […]
Read more →
With the arrival of the Industrial Internet of Things, manufacturers are finding themselves at the forefront of fast-moving, disruptive and revolutionary change. Among other things, this change is quickly introducing components for the creation of a smart factory. The concept of a smart factory uses “smart machines”, or IIoT enabled equipment, to drive enormous improvements […]
Read more →
There are three major challenges every manufacturer faces as they work to migrate to Industry 4.0 – legacy systems, limited expertise, and limited budgets. These three challenges work together to keep factories from embracing Industry 4.0 to enable real-time data and better business decisions. The good news is – there is a solution. More about […]
Read more →
When it comes to managing risk in an industrial business, many consider damage through natural disasters and fire or explosions to be of great concern, because they can cost a company dearly. But there are common interruptions such as machinery breakdowns that are often overlooked and, who says that these don’t cause any fires or […]
Read more →
Engineers do amazing things every day. Their efforts radically transform our collective future. Imagine describing industrial operations today to someone living just one hundred years ago. Modern manufacturing facilities and energy production systems are downright miracles. All manner of goods are produced more efficiently than ever. Almost anything can be transported effortlessly around, and even off the […]
Read more →
Industry 4.0 is rapidly transforming how businesses across the globe are operating in an ever increasingly commercially competitive landscape. According to the Industrial Internet of Things (IIoT) Market Size & Forecast Report, the global market is expected to be valued at USD 933.62 billion by 2025. Whilst IIoT affects many industries, the manufacturing sector is […]
Read more →
IIoT and the Changing Supply Chain It’s becoming more common to view the changing supply chain landscape of the linear, traditional supply chain, as a digital supply network (DSN). Introducing IIoT as one of DSNs underpinnings, and implementing this concept in the context of digital transformation – although necessary – is a massive undertaking. The resistance […]
Read more →
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 →
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 […]
Read more →