Innovative testbed accelerates machine learning for predictive maintenance in high-volume manufacturing

Innovative testbed accelerates machine learning for predictive maintenance in high-volume manufacturing

The Industrial Internet Consortium, the world’s leading organization transforming business and society by accelerating the adoption of the Industrial Internet of Things (IIoT), today announced the Smart Factory Machine Learning for Predictive Maintenance Testbed. The testbed is led by two companies, Plethora IIoT, a company, designing and developing cutting-edge answers for Industry 4.0, and Xilinx, the leading provider of All Programmable technology. Continue reading “Innovative testbed accelerates machine learning for predictive maintenance in high-volume manufacturing”

Industry 4.0 has evolved from a disparate set of high-flown ideas around connectivity into a real practice

It goes by many names – Industry 4.0, smart manufacturing, the Industrial Internet of Things (IIoT) – but whatever you call it, the idea of connected manufacturing is becoming increasingly pervasive. Indeed, it’s risen to such prominence that 2016’s Hannover Messe, where Industry 4.0 was the central theme, was opened by two of the world’s most powerful leaders – Barack Obama and Angela Merkel. Continue reading “Industry 4.0 has evolved from a disparate set of high-flown ideas around connectivity into a real practice”

Industry 4.0 is today’s most dynamic business opportunity

Industry 4.0 is today’s most dynamic business opportunity

Industrial revolutions are momentous events. By most reckonings, there have been only three. The first was triggered in the 1700s by the commercial steam engine and the mechanical loom. The harnessing of electricity and mass production sparked the second, around the start of the 20th century. The computer set the third in motion after World War II (see “The Man Who Made the Computer Age Possible,” by Jeffrey E. Garten). Continue reading “Industry 4.0 is today’s most dynamic business opportunity”

UK and global companies are investing massively for Industry 4.0 success

UK and global companies are investing massively for Industry 4.0 success

Around 74% of UK firms1 expect to drive high levels of digitisation and integration by 2021, according to a new global report by PwC, Industry 4.0: Building the Digital Enterprise.

As manufacturing firms increasingly focus on Industry 4. 0, PwC’s survey of over 2,000 global companies across nine industry sectors reveals that 33% of global firms already rate their level of digitisation as high, with this value rising to 72% when asked for a five year prediction. Continue reading “UK and global companies are investing massively for Industry 4.0 success”

European Commission announces action plan to support Industry 4.0

Our challenge is to ensure that all industrial sectors make the best use of new technologies and manage their transition towards higher value digitised products and processes, commonly known as “Industry 4.0”. In order to reach this goal, I propose to take action in four key areas:

1) Digital innovation hubs

Our ambition should be to empower any business, wherever it is located in Europe, and especially SMEs, to master its digital transition. Regions and local authorities have a key role to play in this effort, with digital research and competence centres leading the way. Continue reading “European Commission announces action plan to support Industry 4.0”

IoT is all about sensors and the data that sensors produce

The Internet of Things (IoT) is all about sensors and the data that sensors produce. It’s less about the physical things that have a functional purpose, and it’s more about what becomes possible with the data that is produced by the sensors in those things.  This is especially true when you combine the sensor data from one thing with sensor data from other things, such as combining a truck’s location data with weather condition data 100 miles down the road. Continue reading “IoT is all about sensors and the data that sensors produce”

German Companies Using Industry 4.0 Applications Expect Lower Costs as a Result

Almost half (47%) of industrial companies using Industry 4.0 applications or planning to use them expect lower costs as a result, according to a recent survey conducted among 400 companies with at least 100 employees from the automobile sector, mechanical engineering, the chemical industry and the electrical industry, on behalf of IT association Bitkom. Continue reading “German Companies Using Industry 4.0 Applications Expect Lower Costs as a Result”

Do End-Users Really Care about Industry 4.0?

Current discussion about Industry 4.0 revolves around three separate areas – Governments promoting manufacturing; suppliers promoting the concept because it provides a good sense of differentiation; and end users.

Speaking during a recent Frost & Sullivan hosted webinar, which focused on the Internet of Things (IoT) in the age of Industry 4.0, Karthik Sundaram, Frost & Sullivan industrial automation & Process control industry analyst, referred to research which found that a great deal of end users are still not clear about many of the areas that make up Industry 4.0. Continue reading “Do End-Users Really Care about Industry 4.0?”

Cybersecurity in Smart Buildings – Vulnerabilities, Strategic Messages for the Industry

Background: Cybersecurity Vulnerabilities in Smart Buildings

Today’s smart buildings are increasingly enabled by Internet of Things (IoT) and made functional by the ongoing convergence of operational technology (OT) systems and information technology (IT) systems in buildings. A host of new elements such as the cloud, remote access, data sharing and analytics, and connected and shared networks has fundamentally changed how built environments are being used and operated. Continue reading “Cybersecurity in Smart Buildings – Vulnerabilities, Strategic Messages for the Industry”