Digitalization allows machine manufacturers to develop new business models

Digitalization allows machine manufacturers to develop new business models

At the EMO 2017, Siemens is demonstrating the various connection and installation options of its high-performance and open cloud-based IoT operating system MindSphere for applications in the machine tool sector. The company is connecting over 240 different machine tools from over 140 manufacturers across the whole exhibition site using its “Manage MyMachines” app on MindSphere. In addition to this, machine manufacturers such as Heller are presenting new services and business models based on MindSphere to, for example, increase efficiency and productivity.

“The overwhelming willingness of machine tool manufacturers at the EMO to connect their machines to MindSphere shows the potential the sector sees in cloud-based digitalization solutions. Our cloud-based IoT operating system offers machine manufacturers many different ways to gain a competitive advantage by using their extensive domain expertise and developing high-performance applications for machine operators. Continue reading “Digitalization allows machine manufacturers to develop new business models”

How Manufacturers Handle Big Data Is Key to Boosting Productivity

How Manufacturers Handle Big Data Is Key to Boosting Productivity

Manufacturers have always had to sift through large quantities of data from their production lines in order to understand how their businesses are performing.

But with the increasing use of sensors and instrumentation to monitor, measure and automate the production process, the sheer quantity of information that manufacturers are now faced with has risen dramatically in recent years. Continue reading “How Manufacturers Handle Big Data Is Key to Boosting Productivity”

Industry 4.0 is on the verge of radically changing the way in which manufacturers operate

Industry 4.0 – or the Industrial Internet of Things – is on the verge of radically changing the way in which manufacturers operate. The approach is expected to pave the way towards a future in which smart factories, intelligent machines and networked processes are brought together to encourage greater manufacturing productivity, flexibility and profitability. Continue reading “Industry 4.0 is on the verge of radically changing the way in which manufacturers operate”

Marlo Banganga, AAEON, Presents: “AAEON’s Building Management System (BMS)”

AAEON introduce DINRail Mountable Modular Gateway for Building Management System (BMS). AIOT-DRM is an intelligent modular design gateway for both professionals and the general populace. With AIOT-DRM, we are expanding our Internet of Thing solutions portfolio and demonstrating our commitment in providing solutions to vertical markets we are focusing. Continue reading “Marlo Banganga, AAEON, Presents: “AAEON’s Building Management System (BMS)””

Reasons why companies continue to struggle with IoT

The Internet of things (IoT), the term used to describe the use of sensors and other Internet-connected devices to track and control physical objects, is opening up entirely new ways of doing business. However, the changing customer demands is challenging skill requirements and even the supplier landscape, thereby throwing up immense challenge to business leaders. Two recent studies detail why enterprises continue to struggle with IoT.

Researchers at the McKinsey Global Institute found that key IoT application – and they examined over 100 – could have a total economic impact of $3.9 trillion to $11.1 trillion per year in 2025. More than two-thirds of value will be generated in business-to-business settings and that business customers and consumers will likely capture more than 90% of the value created, they said. Continue reading “Reasons why companies continue to struggle with IoT”