Hannover Messe showcases Industry 4.0 innovations

By Mike Bacidore, editor in chief for Control Design:  How are you getting your share of the pie that is the $227 quadrillion Industrial Internet of Things (IIoT)? That’s a lot of money, and there’s plenty to go around, so what are you doing to cash in on this next industrial revolution? OK, to be fair, I made up that number. But, unless you’re a research analyst or someone putting together Q3 forecasts for your business unit, you didn’t even give that number a second thought.

And you probably shouldn’t. It doesn’t really matter. That number is as justifiable as it is arbitrary. Just pick an amount and then create a scenario and a timetable you can defend. “If you torture data long enough, it will confess,” Ronald Coase once said. The famed British economist also believed that the study of real-world markets was much preferred to speculating on theoretical ones.

In reality, this bold new landscape of connectivity has yielded opportunities for revenue streams steered by embankments of innovation. Nowhere was that more evident than at Hannover Messe in Germany, where Industry 4.0—the preferred European term, which includes IIoT, cyberphysical systems and more—was impossible to avoid and insistent in its resolve.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Model 30MT Magnetic Encoder Module

Model 30MT Magnetic Encoder Module

The Model 30MT is a compact magnetic encoder module designed for the most extreme environments. It offers sealing up to IP69K, an operating temperature range of -40° to 120° C, and a shock and vibration rating that conforms to Mil-STD-202G. With a large air gap and tolerance to misalignment, up to 1024 CPR (4096 PPR with Quadrature Counting), and easy alignment and installation, the Model 30M or is an excellent solution where you need motion feedback in your robotics application.