Smart Factories to add $500 billion to the global economy in next 5 years
Often described as a building block of the 'Digital Industrial Revolution, a smart factory makes use of digital technologies including the Internet-of-Things, Big Data Analytics, Artificial Intelligence and Advanced Robotics to increase productivity, quality and flexibility.
ManufacturingTomorrow.com talks Industry 4.0 with Bob Mayer President, IMSI/Design
Industry 4.0 has been called the 'Fourth industrial Revolution, but unlike the first three, this revolution will be implemented at all sizes of manufacturing operations, not just large-scale corporate ones.
More production, more jobs? CMU pitches businesses on robotics in manufacturing
Daniel Moore, Pittsburgh Post-Gazette: "Our mission, at a very high level, is establishing leadership in this area," said Gary Fedder, interim CEO of the ARM Institute. "We want to lower the barrier for the companies to adopt this technology" while also "empowering the American worker" to find open positions.
The Fourth Industrial Revolution: Technology alliances lead the charge
Ben Rossi for Information Age: Technology companies are coming together to enable the smart factory - and launching the Fourth Industrial Revolution
GM Hooking 30,000 Robots to Internet to Keep Factories Humming
Thomas Black for Bloomberg: General Motors Co. has connected about a quarter of its 30,000 factory robots to the internet, and the largest U.S. automaker already is reaping the benefits of less down time.
Special Tradeshow Coverage for Automate 2017
Automate 2017 will be held from April 3rd - 6th at Chicago's McCormick Place. This ManufacturingTomorrow.com Special Tradeshow report aims to bring you news, articles and products from this years event.
Gartner muses on importance of algorithms for Industry 4.0 projects
IoT Tech News: Algorithms are vital for Industry 4.0, and as Thomas Oestreich, managing vice president at research company Gartner puts it: "…the connected world of cyber-physical systems has to deal with the sheer volume, real-time velocity and diversity of data; and in order to drive new value and differentiating innovations, new algorithms need to be developed. This is making algorithms the pulse of Industry 4.0 initiatives."
Industry 4.0: The Five Steps Towards A Digital Supply Chain
Forbes: The key for a successful digital transformation of the existing supply chain, and therewith reaping the full benefits of DSC, lies in developing an orderly process for implementing and integrating the many technologies and capabilities required.
Japan looks beyond Industry 4.0 towards Society 5.0
Techworld from IDG: At the Cebit trade show in Germany, Japanese businesses want to go beyond smart factories, deploying industrial technologies to build a smart society
The optimist's guide to the robot apocalypse
Sarah Kessler for Quartz: Machines, you may have heard, are coming for all the jobs.
Robots flip burgers and work warehouses. Artificial intelligence handles insurance claims and basic bookkeeping, manages investment portfolios, does legal research, and performs basic HR tasks. Human labor doesn’t stand a chance against them—after the “automation apocalypse,” only those with spectacular abilities and the owners of the robots will thrive.
Or at least, that’s one plausible and completely valid theory. But before you start campaigning for a universal basic income and set up a bunker, you might want to also familiarize yourself with the competing theory: In the long run, we’re going to be just fine. We’ve been here before. Cont'd...
Designing for the digital world
Tim Fryer for Eureka: Head in sand time is over – Industry 4.0 is happening and is here to stay. In this article, the first in a series, Tim Fryer spoke to some of the leading automation companies about what Industry 4.0 means to design engineers.
The elevator pitch for Industry 4.0 would be something like ‘it is the digitisation of manufacturing and the supply chain’. The three previous industrial revolutions started with steam and mechanisation, progressed onto automated assembly lines at the start of the 20th century, and then the introduction of computers to the work place in the 1970s was the third. Cont'd...
Closing US Manufacturing Trade Deficit Would Create 1.3M Jobs, Says Tech Think Tank
The prevailing narrative says automation was the main culprit behind U.S. manufacturing job losses in the early 2000s, and that automation is now powering an unprecedented manufacturing technology revolution that will continue to displace jobs. But a new report from the Information Technology and Innovation Foundation (ITIF) finds that both of these claims are false.
ITIF, a leading tech-policy think tank, finds that trade pressure and faltering U.S. competitiveness were responsible for more than two-thirds of the 5.7 million manufacturing jobs lost between 2000 and 2010. And rather than entering a "fourth industrial revolution," U.S. manufacturing productivity growth is actually near an all-time low. In light of these facts, ITIF concludes that U.S. policymakers should aim to close the country's trade deficit in manufactured goods by fighting foreign mercantilism and pursuing a national competitiveness agenda that hinges in part on boosting manufacturing productivity rates. The report estimates that successfully closing the manufacturing goods trade deficit this way would create 1.3 million jobs. Full Press Release:
Industry 4.0 Ushers in a New Era of Manufacturing Intelligence
Industry 4.0 and the Internet of Things are far more than technology buzzwords; instead the possibilities of these technologies are almost impossible to imagine and overestimating their potential is difficult.
Manufacturers raise investment in next-gen tech, survey says
Dustin Walsh for Crain's Detroit Business: U.S. manufacturers are rapidly boosting investment in advanced digital technologies, according to a survey to be released Monday by Troy-based technology business association Automation Alley. The survey coincides with the association's 2017 Technology Industry Outlook event on Feb. 13 at the Detroit Institute of Arts. Nearly 400 manufacturing and technology business leaders are expected to attend.
According to the survey, 85 percent of U.S. manufacturing executives responded they plan to increase existing budgets for new technologies, with nearly a third planning to increase budgets by up to 15 percent. More than half of the respondents said they have a dedicated budget to technologies described as Industry 4.0, with the top three being cloud, cybersecurity and data analytics. Cont'd...
Why 2017 is the year integration enables Industry 4.0 growth
Louis Columbus for CloudTech:  Having attained initial results from Industry 4.0 initiatives, many manufacturers are moving forward with the advanced analytics and Big Data-related projects that are based on real-time integration between CRM, ERP, 3rd party and legacy systems. A recent Price Waterhouse Coopers (PwC) study of Industry 4.0 adoption, Industry 4.0: Building The Digital Enterprise (PDF, no opt-in, 36 pp.) found that 72% of manufacturing enterprises predict their use of data analytics will substantially improve customer relationships and customer intelligence along the product life cycle. Real-time integration enables manufacturers to more effectively serve their customers, communicate with suppliers, and manage distribution channels. Of the many innovative start-ups taking on the complex challenges of integrating cloud and on-premise systems to streamline revenue-generating business processes, enosiX shows potential to bridge legacy ERP and cloud-based CRM systems quickly and deliver results.
There are many more potential benefits to adopting Industry 4.0 for those enterprises who choose to create and continually strengthen real-time integration links across the global operations. Â Cont'd...
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