By Louis Columbus on May 30, 2019
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 […]
Posted in Business, Featured Posts, Technology / Software, Trends & Concepts | Tagged Artificial intelligence, erp, Industry 4.0, machine learning, Manufacturing, Manufacturing execution system, MES
By Louis Columbus on January 14, 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 […]
Posted in Featured Posts, Technology / Software | Tagged AI, AI healthcare patents, AI patents, Artificial intelligence, byline=Louis Columbus, Industry 4.0, microsoft, PatentSight, PatentSight Analytics Platform
By Louis Columbus on November 4, 2018
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 […]
Posted in Business, Featured Posts, Technology / Software, Trends & Concepts | Tagged blockchain, Industry 4.0, Internet of Things (IoT), Louis Columbus' blog, Manufacturing, smart manufacturing, traceability, track-and-trace