Industry 4.0’s Potential Needs To Be Proven On The Shop Floor
99% of mid-market manufacturing executives are familiar with Industry 4.0, yet only 5% are currently implementing or have implemented an Industry 4.0 strategy. Investing in upgrading existing machinery, replacing fully depreciated machines with next-generation smart, connected production equipment, and adopting real-time monitoring including Manufacturing Execution Systems (MES) are manufacturers’ top three priorities based on interviews […]
Microsoft Leads The AI Patent Race Going Into 2019
There have been over 154,000 AI patents filed worldwide since 2010 with the majority being in health fields (29.5%), Industry-specific solutions (25.3%) and AI-based digital security (15.7%). AI-based marketing patents are the fasting growing global category, reaching a Compound Annual Growth Rate (CAGR) of 29.3% between 2010 and 2018. The second- and third-fastest growing global […]
How Blockchain Can Improve Manufacturing In 2019
Combining blockchain and IoT will revolutionize product safety, track-and-traceability, warranty management, Maintenance, Repair & Overhaul (MRO), and lead to new usage-based business models for smart, connected products. The business value-add of blockchain will grow to slightly more than $176B by 2025, then exceed $3.1T by 2030 according to Gartner. Typical product recalls cost $8M, and many […]
IBM Watson IoT and the digital twin. Industry 4.0.
The Internet of Things (IoT) has been a long time coming, but as with so many software and cloud-driven markets today, the curve from hand-waving to pervasive adoption is set to be remarkably steep. Network-driven markets increasingly tend to be pretty close to winner takes all (think Google in Search, Apple in phones, Facebook in […]
5 Ways Integration Is Enabling The Factory Of The Future
93% of global product leaders say that predictive maintenance combined with real-time equipment monitoring enabled by integration is a must-have for factory planning today. 75% of global product leaders plan to implement factory of the future initiatives and programs in the next five years or less, starting with Industry 4.0 67% of automotive executives expect […]
2017 Is The Year Integration Enables Industry 4.0 Growth
35% of companies adopting Industry 4.0 predict revenue gains over 20% in the next five years. Data analytics and digital trust are the foundations of Industry 4.0. Cost-sensitive industries including semiconductors, electronics, and oil and gas are the most focused on adopting Industry 4.0, with 80% of companies in these industries saying it is one […]
The SAP platform and digital transformation
I had the opportunity to attend SAP TechEd in Barcelona recently in order to assess the software giant’s latest enhancements to their platform. In the process, I also gauged its readiness to fully support that urgent IT priority of our time, digital transformation.
