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The Industrial Internet of Things (IIoT) and Industry 4.0 are transforming the world of manufacturing. The two terms are relatively interchangeable and basically mean the same thing: Manufacturers using internet-enabled technologies to improve their business strategies and outcomes.
OYSTER BAY, NY--According to a report by ABI Research, the total installed base of AI-enabled devices in the manufacturing sector will reach 15 million in 2024.
Factories of the future will feature advanced technology, such as additive manufacturing, artificial intelligence, augmented reality, data analytics and digital twins. While many manufacturers are still ramping up their Industry 4.0 initiatives, several assembly plants are already at the forefront. They are embracing the Fourth Industrial Revolution and reaping the benefits.
LONDON--Manufacturers in a wide variety of industries are investing in smart manufacturing technologies, such as additive manufacturing, augmented reality and collaborative robots.
BEIJING--China will expand its smart manufacturing strategy by adding about 100 new pilot demonstration projects in 2018, according to the Ministry of Industry and Information Technology.
Capturing and controlling reliable production line data is the great mystery underlying the fulfillment of the promise of the Industrial Internet of Things (IIoT). Beyond storage solutions, the data that’s available on machines hasn’t been communicated correctly with business systems. Accepted solutions for data exchange create organizational conflicts and security issues that raise difficult barriers.
