Industry 4.0’s Potential Needs To Be Proven On The Shop Floor
99% of mid-market manufacturing executives are familiar with Industry 4.0, yet only 5% are currently implementing or have implemented an Industry 4.0 strategy. Investing in upgrading existing machinery, replacing fully depreciated machines with next-generation smart, connected production equipment, and adopting real-time monitoring including Manufacturing Execution Systems (MES) are manufacturers’ top three priorities based on interviews […]
Microsoft Leads The AI Patent Race Going Into 2019
There have been over 154,000 AI patents filed worldwide since 2010 with the majority being in health fields (29.5%), Industry-specific solutions (25.3%) and AI-based digital security (15.7%). AI-based marketing patents are the fasting growing global category, reaching a Compound Annual Growth Rate (CAGR) of 29.3% between 2010 and 2018. The second- and third-fastest growing global […]
How Blockchain Can Improve Manufacturing In 2019
Combining blockchain and IoT will revolutionize product safety, track-and-traceability, warranty management, Maintenance, Repair & Overhaul (MRO), and lead to new usage-based business models for smart, connected products. The business value-add of blockchain will grow to slightly more than $176B by 2025, then exceed $3.1T by 2030 according to Gartner. Typical product recalls cost $8M, and many […]
