In IIoT-based smart factory setups, AI-enabled digital assistants are linked into all assets and all data. It is this intelligence that takes the IIoT beyond data collection to predictions and decisions.
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The industry’s fastest growing firms are leveraging new artificial intelligence (AI), blockchain and Internet of Things (IoT) solutions to transform supply chains, transport and logistics. Reliance on paper forms and clashing systems are giving way to improved transparency across the value chain.
Industry 4.0 initiatives need to consider safety as well as other functions
Because its president saw opportunities to improve efficiency and an immediate need to make up for capacity lost due to impending worker retirements, Daiwa Steel Tube is set to save more than $1 million a year.
At a Tier 1 automotive manufacturer in Mexico, it quickly became clear that AI in the factory was a fantastic solution to help human workers achieve greater levels of success; a human plus machine scenario where AI enhances the capabilities of, rather than replaces, human workers.
Automakers during this decade face a big challenge. They are having to invest in electric vehicles. But EVs, at least for now, won’t generate the profits of conventional vehicles, according to an annual report by consulting firm AlixPartners.
This is the first in a series of articles that will cover the accelerating improvement in manufacturing technology.
With vaccinations on the rise, the in-person collaboration that is still essential to doing business, including trade shows, is growing. But challenges to recovery from the pandemic remain. Global supply chains are struggling with multiple disruptions. Shipping rates are historically high. Computer chip shortages are curbing output.
In a high-mix/low-volume environment, it’s not good enough to simply be part of the pack. Today you need to be out front and pulling away, powered by the best smart tech available.
When fully integrated with 5G and MEC, manufacturers should be able to accurately track costs using computer vision and launch immersive collaboration and training with the help of augmented reality.