One Of Europe's Top Business Schools Is Helping Executives Navigate Industry 4.0
Seb Murray for BusinessBecause: Industry 4.0 — a slew of technologies from robotics and 3D printing to virtual reality and data analytics — is rapidly reshaping the way we manufacture, distribute and consume products.
The Executive Master in Manufacturing Automation & Digital Transformation at ESCP Europe, is equipping executives with the tools they need to navigate the Fourth Industrial Revolution.
Below, Giovanni Scarso Borioli, Assistant Professor of Operations Management, outlines how. Cont'd...
What are the business and security impacts of Industry 4.0?
Ben Rossi for Information Age: Industry 4.0 will make manufacturing more efficient and productive. By optimising factories, it will directly improve yield. On the product side, it will also extract greater value from data for usage-based design and mass customisation, which in turn will open the way to new markets. On many levels, it will completely change the business model to an outcome-based approach.
Accenture estimates that automation, connectivity and embedded software can increase production line productivity by up to 30%. The shift from selling products to selling measurable outcomes will redefine whole industry structures. This is the shift to servitisation, whereby companies are using the Internet of Things (IoT) to find new ways to grow revenue and increase profits.
Industrial equipment manufacturers sell outcomes, like machine hours or price-per-user, rather than just products. For the customer it means less disruption, increased uptime, incremented factory yield and ultimately higher satisfaction. Cont'd...
Seven Career Paths Opening With the Industrial IoT
Joe McKendrick for RTInsights: From maintenance experts to solution sellers, the industrial IoT offers numerous career opportunities.
If you’re looking for an IoT career, the Industrial Internet of Things (IIoT) doesn’t sound quite as glamorous as the broader IoT, which promises smart homes, smart cars, smart cities, wearable sensors, and everything else that can be outsmarted in daily life.
But for IoT careers, industry is actually where most of the action will be taking place, and when you drill down and look what’s happening, a lot of this work can be far more rewarding and impactful than building smart toasters. This encompasses a range of activities, from real-time tracking tools and parts at industrial sites to analyzing data coming in from machinery, engines and power plants. The sky’s the limit. Cont'd...
IIoT's new business models
Smart Industry: Today, most companies see the value of the Industrial Internet of Things (IIoT) as additional information— data—that can help them do the things they already do, just better and more efficiently. And there lies a lot of low hanging fruit in
But for some companies, a much greater value is coming in the form of whole new capabilities—new products, services and businesses that could not exist without IIoT technology. “This higher value of IIoT is hidden in a lot of people’s minds—they’re not able to see the potential,” said Joe Sinfield, senior partner, Innosight and tenured professor of civil engineering, Purdue University. Sinfield spoke at September’s Smart Industry 2016 conference in Chicago about how individuals and companies can learn to see and take advantage of these new opportunities.
“IIoT will transform virtually all industrial companies,” Sinfield said. How will the IIoT ecosystem evolve, and where is value shifting? How can industrial companies spot and capture related opportunity? What are the strategic roles available for industrials? What shifts in strategic planning are needed to unlock the value of IIoT? Cont'd...
Delta buys Unicom to advance smart factories
Christine Chou, The China Post:  Delta Electronics, a provider of power management solutions, will acquire a 100 percent stake in industrial software provider Unicom (ç¾½å† ) for NT$351 million (US$10.9 million).Â
In a bid to speed up its smart manufacturing operations, Delta Electronics' board of directors agreed on Friday to acquire Unicom - merging the leading Computer-Integrated Manufacturing (CIM) software provider into a wholly-owned subsidiary of Delta.
Unicom, which specializes in Manufacturing Execution Systems (MES), has been providing solutions to streamline factory management and equipment monitoring for almost 20 years.
Delta Electronics chief executive officer Cheng Ping said with the arrival of the internet of things, manufacturers must move towards smart production to adapt to changing market demands.
The development of core technologies and systems for smart manufacturing requires cross-disciplinary cooperation to speed up the transition and seize market opportunities, Cheng said. Â Cont'd...
Siemens to buy Mentor Graphics amid push to digitize factories
By Christopher Alessi and Natascha Divac, Dow Jones Newswires: Siemens AG’s planned acquisition of automation and industrial software provider Mentor Graphics Corp. is the German giant’s latest play to stay competitive in the race to digitize heavy industry.
Siemens on Monday offered $37.25 a share in cash, equivalent to a 21 percent premium on Mentor’s closing share price on Friday, giving the U.S. company an equity value of around $4 billion.Wilsonville, Ore.-based Mentor, which has agreed to the acquisition, sells software and hardware design-automation tools for the development and testing of advanced electronic systems. The company has a field office in Longmont. Mentor’s shares gained 18.3 percent to $36.30 in recent Nasdaq trading on Monday.
“It’s a perfect portfolio fit to further expand our digital leadership and set the pace in the industry,” Siemens CEO Joe Kaeser said. Cont'd...
5 key trends in the global smart factory market
Abhishek Budholiya for Embedded Computing Design: Smart factories are being touted as the future of manufacturing. Continuous advancement in machine intelligence is expected to bring about a fourth industrial revolution, expected to offer a wide range of benefits, including greater efficiency, flexibility, and safety.
The global smart factory market was valued at nearly $52 billion in 2014 and is expected to expand at over 13 percent compound annual growth rate (CAGR) in the next ten tears. Let’s take a look at some key insights on the global smart factory market.
First, smart factories are gaining traction in the automotive and transportation sector. Tightening profit margins and stringent guidelines have made automotive manufacturing a highly competitive market. Cont'd...
Bosch, SAP team up for Industry 4.0
Peter Gutierrez for IoT Hub: Bosch and SAP will combine their expertise on cloud technologies and software solutions to make inroads into the Internet of Things and Industry 4.0 markets.
Customers will be able to use SAP’s HANA database platform within Bosch’s IoT Cloud, which the companies hope will enable large-scale data processing for IoT applications in real-time.
Bosch’s IoT microservices will also be made available in SAP’s HANA cloud platform, providing multiple device and component connectivity. Cont'd...
Industry 4.0 - Interview with Red Lion Controls
While much of the IIoT is focused on end-customer benefits, manufacturers need to recognize that they can also benefit from these emerging technologies and change their businesses if desired.
Icon Labs and Renesas Share Design Expertise in New IIoT Security Guide White Paper
What Design Engineers Need to Know to Develop Secure Networked and Web-Connected Equipment
Hirose, Harting Team Up on 10 Gbit Ethernet Connector Standard
Spencer Chin for Electronics360: Interconnection component suppliers Hirose Electric Co., Ltd., based in Tokyo, and Harting Electronics GmbH, Espelkamp Germany, have reached an agreement on the joint development, product standardization and marketing of a miniaturized connection technology system for 10 Gbit ethernet. The technology will overcome the limitations of RJ45, which is not ideally suited for industrial environments and could only be deployed with certain modifications.
In light of this situation, Harting developed reportedly the world’s first industry-compatible field attachable RJ45. The miniaturization of components and interfaces in connection technology has become a key factor in global digitalization through the Internet of Things and Services. Cont'd...
New technologies reshape production lines
LINSEY MILLER & CHRISTOF WEHNER OF ARTESYN EMBEDDED TECHNOLOGIES, originally Published on Embedded Computing Design: Whether people call it Industry 4.0, Industrial Internet of Things (IIoT), or networked production, they are all talking about coming changing paradigms in the industrial network.
Today there are several single-task workstations, manned by humans or robots, which are connected to a higher-level enterprise resource planning (ERP) system. However, that hierarchy is on the cusp of changing massively in the near future to accommodate newer, more intelligent technologies spanning multiple segments of the production line. Cont'd...
Rise in Connected Factory Installments Give Mobile Solutions Growth Opportunities, According to New VDC Research Report
Demand for internet of things (IoT) and other digital technologies to improve competitiveness and increase operational efficiency coincides with, and encourages, continued demand for mobile solutions.
How to prepare a business for an Industry 4.0 network
Joe Bombagi for Business Review Europe: The first industrial revolution was based on the use of steam to power machines. The second centred on the use of electricity to supply energy to assembly lines. The third came about with the use of electronics and IT to further automate production.
But all of that is in the past. We are now in the midst of the fourth industrial revolution, known as Industry 4.0, in which the Internet of Things (IoT) is set to overhaul not only business, but also every aspect of modern life. From cars, washing machines, and even clothing, to heart monitors and dams, anything and everything will soon be connected.
As a result, the Industry 4.0 phenomenon is expected to revolutionise all areas within the manufacturing space, connecting all the elements that take part in the production process within the industrial environment: machines, products, systems, and people. The IoT will make today’s organisations more competitive by enabling them to further automate manufacturing processes, and collect and analyse data which they can then use to tailor their products to specific client needs. Cont'd...
Do the benefits of robotics outweigh the heavy demands on infrastructure?
Ben Rossi for Information Age: Robotics has already been deployed in manufacturing to great effect for over a decade, performing delicate and precise tasks with greater accuracy than humans.
But now cutting-edge robots and other smart machines are set to join forces with the rapidly expanding Internet of Things, which Gartner estimates will total 25 billion devices by 2020.
In healthcare, robotic services are already operating pharmacy dispensers and robotic trolleys are now deployed in a growing number of hospitals. In hospitality, robots deliver services such as drinks dispensing and automated trolley deliveries.
Robots have even made their way into education, where they are being deployed successfully as a tutor, tool or peer in learning activities.
But what impact will this large-scale adoption of robotics have on existing networks as they encounter inevitable further strain? Cont'd...
Records 211 to 225 of 244
First | Previous | Next | Last
Featured Product
MRPeasy - ERP for Small Manufacturers That Delivers Results
Always know what you have in stock and what you'll need to fulfill orders. Never forget to order parts on time or fail to notice a late delivery from your vendor. Easily create manufacturing orders and schedule them automatically according to resource availability or delivery deadline. Generate accurate cost and lead time estimates and provide customers with quick quotes. Receive notifications when orders are late or inventory levels reach a critical point. Ensure seamless communication between sales, production, warehousing, procurement, administration, and finance. Integrate with popular accounting, CRM, and e-commerce apps. MRPeasy is an ERP software for small manufacturers that gives you all that and more. Our users report a 54% average improvement in the overall performance of their business and a 42% increase in on-time deliveries. Try for free, no credit card needed.
