The key to unlocking the potential of Industry 4.0 is fully harnessing information from connected assets to drive decision-making, a process known as the physical-digital-physical (PDP) loop.
World Economic Forum: A.I. and robotics will create almost 60 million more jobs than they destroy by 2022
Saheli Roy Choudhury for CNBC: The outlook for job creation is more positive today because companies better understand what kind of opportunities are available to them due to developments in technology, according to WEF.
THE INDUSTRIAL INTERNET CONSORTIUM PUBLISHES INDUSTRIAL NETWORKING ENABLING IIOT COMMUNICATION WHITE PAPER
Industrial networking infrastructure and technologies reside at the IP layer and below, and enable industrial assets, such as machines, sites and environments, to connect to the business professionals supporting applications across a wide range of industry sectors.
As the baby boomers born in the 1940s and 1950s start to retire, this means that the manufacturing, lumber, distribution, and retail sectors look set to suffer from a lack of sufficiently-skilled staff in the next 20-30 years.
Manufacturers Are Concerned Skilled Labor Shortage Could Stymie Innovation, Finds L.E.K. Consulting Survey
Workforce Investments, Not Downsizing, Are Priority as Plans for Automation Increase
10 Trends in Digital Manufacturing Revealed in Latest Industrial IoT Survey Jointly Conducted by SME and Plataine
New digital manufacturing survey, completed by nearly 400 C-level manufacturers, reveals 10 trends changing the Industry IoT landscape and building the digital factory.
The global Industry 4.0 market is expected to reach $214 by 2023, surpassing the Cybersecurity market by 30%, according to leading research firm Industry 4.0 Market Research.
For Intel to develop components and solutions that can help manufacturers, we must understand manufacturing operating conditions across a wide range of industries and production methods, and we must be able to link current operations to pain points
The majority of small manufacturers in the US are more optimistic about the market in the near future than they were a year ago. 60% of small manufacturers surveyed said that their business would either mildly or strongly increase this month vs. the same month last year.
Researchers in Oregon State University's College of Engineering have taken a key step toward the rapid manufacture of flexible computer screens and other stretchable electronic devices, including soft robots.
The report examines the technology by software, hardware and networking elements, all of which comprise the IoT system. Software is forecast as the fastest growing market (31.0% CAGR) over the next five years; although hardware currently has the largest installed base.
The U.S. and China Invest Heavily in Industry 4.0 Technologies to be the World's Largest Manufacturer
The United States, the world's second largest manufacturer, with a 2017 industrial output reaching a record level of $2.2 trillion, will apply Industry 4.0 technologies to replace China as the world's largest manufacturer.
Industry Week: A new McKinsey report predicts that manufacturing GDP would climb to $3 trillion in real terms by 2025-a boost of some $530 billion, or 20%, above the current trend.
Purvai Dua for London Loves Business: Britain's manufacturing sector could add Â£455bn over the next decade and create thousands of jobs if it unlocks the fourth industrial revolution
Jonathan Dyble for Manufacturing Global: In its latest report, multinational consultancy firm Capgemini predicts that smart factories are set to become revolutionary within the manufacturing industry.
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