If you’re feeling a bit overwhelmed by the prospect of Industry 4.0, and perhaps a bit sheepish about your lack of progress, you’ve got good company.
If you look at all the companies that were on the Fortune 500 list in 1990, “a very large percentage of them are not there anymore,” David Brousell, executive director of the Manufacturing Leadership Council, told people attending his talk on “Manufacturing 4.0” at Oracle’s recent Modern Business Experience conference.
Connected manufacturing and digitization technologies are spurring many of the major innovations in CNC machine controls that help machine shops cut metal and create parts as quickly and efficiently as possible.
Sensors are making their way deeper into process manufacturing where they monitor PH levels in vinegar, ensure towering bins of sugar aren’t overfilled and measure humidity in bakeries. Sensors are even helping power better mousetraps.
Cloud computing helps any kind of manufacturing with cybersecurity, efficiency, on-call scalability, and Industry 4.0. But for medical manufacturers, cloud computing brings additional critical benefits.
Siemens and Qualcomm Technologies, Inc. have implemented a private 5G standalone (SA) network in a real industrial environment using the 3.7-3.8GHz band.
Manufacturing faces “continued risk for disruption” and uncertainty in 2020, consulting firm Deloitte said in a report.
Listen up, major manufacturers and CAD vendors: You’ve got the whole world in your hands—the world in this case being the vision of the digitally connected enterprise and cyber-physical ambitions for Industry 4.0.
The auto industry wants to expand the use of 3D printers. Automakers such as Ford Motor Co. and BMW AG are working directly with additive manufacturers concerning deployment of the technology.
Cyber criminals are increasingly setting their sights on today’s digitized manufacturing industry as an entry point into government and commercial supply chains.