Becoming the Factory of the Future: How to Prepare Now for the Industrial Internet of Things
The Internet is not going to hit the factory all at once; the transition to global connectivity will be gradual. In the meantime, businesses have a chance to prepare their operations to integrate seamlessly with this new era of industry by taking steps now to implement digital, automated, connected devices and services.
IronCAD Announces New Mechanical Add-on
IronCAD Mechanical - Mechanical Utilities to Improve Design Efficiency
Industrial IoT Market Nears $132 Billion in 2020: Technavio
Pedro Hernandez for Datamation: The Internet of Things (IoT) is expected to have a major, efficiency- and productivity-enhancing impact on how manufacturers and other companies in industrial settings conduct businesses. A new forecast from market research firm Technavio paints a rosy picture for IT vendors that specialize in industrial IoT.
According to the analyst group, the market for industrial IoT software and services will reach nearly $132 in 2020. Between now and then, the market will expand at a compound annual growth rate (CAGR) of 7 percent.
In terms of demand, Technavio has identified the Asia-Pacific (APAC) region as the largest market for industrial IoT.
Last year, the industrial IoT market generated $38 billion in sales in the region, a number that will reach $54 billion in 2020. APAC countries are investing heavily, including South Korea, which plans to pour over $3.6 billion into the IoT by 2020. Cont'd...
CompoSIDE 2.7.0. Released - Advanced Composite Design Software
CompoSIDE Ltd., the engineering simulation and data management platform with dedicated composite design and analysis software, releases CompoSIDE v2.7.0 delivering streamlined product design process for improved development of fibre-reinforced plastics products.
Allied Machine Announces Updates to Product Selector Online Recommendation Tool
Increased product coverage and optional constraints enable simple, accurate holemaking technology selection
MD&M West - Quality Expert Walt Murray Selected to Participate in IDEO Panel Discussion at MD&M West
MasterControl (MD&M West booth #2844), a leading global provider of enterprise quality management systems (EQMS) and quality consulting services, today announced that Walt Murray, Director of Quality & Compliance Consulting Services for MasterControl, has been selected to participate in a panel discussion at MD&M West, Thursday, February 11, 2016.
BitFlow Announces 2016 Trade Show Schedule
Schedule underscores global reach of company's frame grabber technology
Study Finds 34% of Manufacturers Do Not Track Asset Data
Smartware Group, Inc. and Technology Evaluation Centers, Inc. survey highlights missing link between maintenance practices, software capabilities
Orders Grew in December, but Market Remains Flat
The U.S. Manufacturing Technology Orders report (USMTO) for December 2015 showed that order values grew 20.4% compared to the prior month, according to AMT - The Association For Manufacturing Technology. For all of 2015, the years total orders were down 17.4% compared to 2014.
Industry 4.0: What businesses need to know
By Barclay Ballard for ITProPortal: In order for businesses to prepare for Industry 4.0, they first need to understand the technological driving forces behind it, including the Internet of Things. Although mainstream examples of IoT devices are relatively limited at the moment, in the future connected objects are expected to revolutionise a whole host of business sectors. In the same way that new manufacturing processes brought about huge upheaval during the Industrial Revolution, the Internet of Things is also predicted to bring wholesale changes to industry.
“The Industrial Internet of Things (IIoT) has been described as a crucial step in the Fourth Industrial Revolution or Industry 4.0,” explains Martyn Williams, managing director of industrial automation software expert, COPA-DATA UK. “Using IoT technology, organisations are developing smarter infrastructures and building connected networks across entire manufacturing processes.”
Some of the key changes predicted to emerge as the Internet of Things is adopted by industrial firms include the following: Cont'd...
Four Points You Need to Consider when Thinking About Automating or Robotizing Your Operations
If your products have regular and stable characteristics, hard automation makes sense. If however each product is different, flexible automation or robotics should be favored.
Telit IoT Factory Solutions Enable Quick Path to Industrie 4.0 Era
Scalable Platform Supports IIoT Deployment within Factory and to the Cloud
UK 'risks losing out in Industry 4.0 race'
By PRW: A leading trade body has warned that a lack of government planning was threatening the UK’s position at the forefront of Industry 4.0, also known as the fourth industrial revolution.
A number of plastics companies in the UK and on the Continent have begun to develop products and processes that take into account developments in and around Industry 4.0 – also known as the ‘Internet of Things’.
However research conducted by manufacturers’ organisation the EEF found that while 91% of companies surveyed believed that internet access was as important to their business as electricity and water supplies more than half reckoned connectivity was inadequate for the future.
While the awareness of how important the internet was to a company’s operation was seen as a positive, the EEF highlighted that poor digital connectivity may prove to become a drag on future growth.
Many companies were already having to pay a premium to ensure they had high-speed access, the trade body said. Cont'd...
Vehicle Inspection Systems Updates Makes First Major VIS-Polish Software Update to the New HR4.0
Vehicle Inspection Systems releases the first major software update to the VIS-Polish Automated Robotic Wheel Polishing Machine in five years with the new HR4.0 Version software update. The software update includes new parameters that assist in improving cycle times on the sand, cut and color processes when using the equipment to polish aluminum truck and bus wheels.
Future of Aerospace Structure and Materials Presented at AeroDef Manufacturing with Composites Manufacturing Event
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Using AI to Collect & Leverage Data
Data is the foundation of Industry 4.0. While skilled workers will always be essential, data is reshaping the manufacturing landscape, enabling automation of repetitive tasks, empowering smarter decision-making with AI assistance, and reducing defects and downtime. This shift allows small and medium-sized manufacturers (SMMs) to compete more effectively on quality, speed, and cost. While AI and machine learning systems typically require around two years to collect enough data to reach their full potential, manufacturers can start seeing benefits almost immediately with basic analysis tools and dashboards. Our MEP National NetworkTM expert explains how in this Manufacturing Tomorrow article.
