World-leading smart factories identified by World Economic Forum

WEF Smart Factory

The World Economic Forum (WEF) has released a list of what it says are nine of the world’s smartest factories when it comes to adopting industrial IoT (IIoT) technologies. These ‘lighthouse’ facilities, as they are called by the WEF, have been selected from an initial list of some 1,000 manufacturing companies, based on their successful implementation of Fourth Industrial Revolution (4IR) thinking, in ways that have had proven financial and operational benefits. The aim of the WEF initiative is to build a network of such ‘lighthouses’ worldwide, in order to…

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Alibaba showcases vision of ‘retail store of the future’

Chinese e-commerce giant Alibaba shows off a new, IoT-enabled furniture store in Hangzhou and announces a new $15 billion R&D program. When it comes to online shopping in China, Alibaba Group is a colossus – but its founder Jack Ma reckons that the next big opportunity lies not in the online-only model, but in offering shoppers a blend of digital and bricks-and-mortar retail services. With that in mind, the company has been opening up physical stores at a feverish pace over the last two years, and spending some $8 billion…

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Dell takes a fresh look at IoT with Aerofarms

At Dell’s IQT event in New York this week, Andy Rhodes, vice president of IoT edge computing at Dell, was joined on stage by David Rosenberg, CEO and founder of AeroFarms, to discuss how a smart warehouse full of plants exemplifies a forward-thinking IoT strategy. ‘Disruptor’ is probably a term that’s thrown around too easily in the world of technology – but in the case of AeroFarms, it’s hard to argue with that description. The company is a specialist in what it calls ‘vertical farming‘, an emerging form of agriculture…

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The internet of things will disrupt manufacturing for ever, but are you ready?

Digitization is a major driving force of our time, turning our world inside out. Smart and connected systems are increasingly pervading all types of applications. The internet of things (IoT) is already starting to affect environments of all kinds – homes, cities, travel, logistics, retail and medicine, to name just a few – and it will not stop at our factory gates, either. According to a recent estimation by McKinsey, the potential economic impact of IoT applications in 2025 is between US$ 3.9 and $11.1 trillion, of which $1.2 to…

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IoT use cases in manufacturing: opportunities and context

If we look at IoT in manufacturing from an IoT use case perspective (the areas where IoT is leveraged within a practical usage context), we see that one use case is sticking out: manufacturing operations, which is also the largest use case across all industries globally (the only region where manacturing operations aren’t the first use case is EMEA where freight monitoring comes first). In 2016, manufacturing operations accounted for a total IoT spend of $102.5 billion (on the mentioned total of $178 billion), according to the same IDC 2017…

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Qualcomm says it is shipping more than one million chips per day for the IoT

Qualcomm Technologies has announced that it currently ships more than one million chips per day into a wide range of connected applications. The company is using its technical expertise to design platforms that help customers commercialize IoT products quickly and cost-effectively in areas including wearables, voice and music, connected cameras, robotics and drones, home control and automation, home entertainment, and commercial and industrial IoT, according to the press materials. Qualcomm Technologies has its grip in IoT spanning across various networks. For instance, the company’s wearables platforms have been adopted in…

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How the Internet of Things Can Boost ERP

The Internet of Things holds great promise for manufacturers, from within the four walls of the factory all the way through the supply chain. But amid the excitement around the increased connectivity of industrial products, it’s important that manufacturers do not overlook the significant impact the Internet of Things will have on their enterprise resource planning systems and the business processes they support. The core goal of an ERP system is to provide actionable data and information to company leaders. But collecting accurate data is an ongoing and vexing challenge.…

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Innovative zero-gravity arms recognised by construction company

Headquartered in Hong Kong, Gammon Construction is one of SE Asia’s leading construction companies, with an annual turnover of US$2.5bn, and is a keen adopter of new technology with a focus on adding value for its customers through innovative and sustainable solutions. With over 8000 employees, the engineering and construction company, like others in the Hong Kong construction industry, has long faced manpower shortages, together with an aging workforce. Consequently, in an effort to lure talented new workers and to reduce the workload of its employees, the company recently invested…

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How the Internet of Things is revolutionizing manufacturing

The Internet of Things (IoT) is changing business models, increasing output, and automating processes across a number of industries. But no other sector has been more impacted by this technological revolution than manufacturing. Manufacturers across all areas —automotive, chemical, durable goods, electronics, etc. — have invested heavily in IoT devices, and they’re already reaping the benefits. Manufacturers utilizing IoT solutions in 2014 saw an average 28.5% increase in revenues between 2013 and 2014, according to a TATA Consultancy Survey. What is Smart Manufacturing? In short, smart manufacturing is the use…

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Smart manufacturing must embrace big data

IOT NETWORK NEWS

Study and model industrial processes to save money, energy and materials, urges Andrew Kusiak. Manufacturing is getting smart. Companies are increasingly using sensors and wireless technologies to capture data at all stages of a product’s life. These range from material properties and the temperatures and vibrations of equipment to the logistics of supply chains and customer details. Truck engines beam back data on speed, fuel consumption and oil temperature to manufacturers and fleet operators. Optical scanners are used to spot defects in printed electronics circuits. But big data is a…

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The Enhanced Manufacturing Worker

IOT NETWORK NEWS

Thirty years ago, exoskeletons seemed to be popping up around every corner. Police officer Alex Murphy suited up in one to serve and protect Detroit. Ellen Ripley donned another to lift heavy materials aboard her ship, among other uses. And billionaire Tony Stark was already decades into his own development and use of the technology to help save the world. Wait. Wait just one second. RoboCop isn’t real. Neither is the Caterpillar P-5000 Work Loader from Alien. Iron Man, despite the best efforts of Elon Musk, is still a fictional…

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Smart Manufacturing for Smart Materials

IOT NETWORK NEWS

The Industrial Internet of Things (IIoT) and smart manufacturing initiatives are accelerating the creation of new technologies, transforming global manufacturing. Like most innovation, competitive advantage and measurable, improved economics will be the biggest drivers of adoption. Enhanced sensors, data collection, analysis, visualization and interpretation will drive accelerated learning from existing processes and inform the design of new ones. This closed loop will have the power to link the entire value chain from raw material to end user and will eventually lead to continuously optimized manufacturing driven by artificial intelligence. Specifically,…

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The Internet of Things Will Make Manufacturing Smarter

IOT NETWORK NEWS

Manufacturing worldwide is on the cusp of a revolution. New information technologies are suddenly offering not only to make the management of manufacturing more effective, as we saw with early versions of plant and enterprise software, but the work itself smarter. Technologies based on the Internet of Things have the potential to radically improve visibility in manufacturing to the point where each unit of production can be “seen” at each step in the production process. Batch-level visibility is being replaced by unit-level visibility. This is the dawn of smart manufacturing.…

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