In 1958 Leonard E. Read wrote an essay that was to become one of the most famous – and eloquent – treatments of free market economics. Written somewhat jovially from the first-person perspective of an inanimate carbon(-filled) rod, that essay was I, Pencil. If you haven’t read it then I would urge you to or […]
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The industrial internet of things (IIoT) has completely changed the competitive landscape for manufacturers. It is ushering in entirely new ways of thinking about every business process from product design, engineering and manufacturing to maintenance and asset management—not to mention new business models. It drives greater levels of efficiency that were never thought possible before. Before the advent of […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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