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What Your Executive Team Needs to Know about Industry 4.0 Technologies: IoT, Artificial Intelligence, and Machine Learning

Manufacturer's Monthly

The Fourth Industrial Revolution, also known as Industry 4.0 , is revolutionising the way businesses operate and compete according to an article from ECI solutions. The Fourth Industrial Revolution is the digitisation of the way we live, work and relate to each other. Industry 4.0 In Industry 4.0,

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8 digital transformation trends driving the future of the industry

Nexus Integra

In addition, by 2024 industrial companies will reduce operating costs by 30%, by combining self-management technologies with redesigned operational processes and by 2025, more than 50% of companies will use a cloud option distributed in the location of their choice, which that will allow innovative and transformative business models.

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How digital transformation powers the machine economy

Control Engineering

Digital transformation in industries goes by different names, such as Industrie 4.0 Germany), Industrie du futur (France), Made in China 2025 (China), or Smart Manufacturing (US), to name a few. Security, privacy and scalability of DLT systems. In practice, several companies have explored this direction.

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How digitalization, digital transformation strategies are evolving

Control Engineering

Sustainable manufacturing initiatives Barry Turner, technical business development manager at Red Lion, concurs. He said: “Initially, the digitalization movement was aimed primarily at unlocking valuable data buried within industrial applications. “It – This originally appeared on Control Engineering Europe’s website.

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Top Legal Issues Facing the Manufacturing Sector in 2023

Foley

Agility and resiliency remain essential attributes for manufacturers in 2023. Manufacturers are no longer focused on figuring out when things will return to “normal.” While these two trends are common across many industries, perhaps nowhere are they more pronounced than in the automotive industry.