As new technologies emerge, new possibilities for disruption do as well. Smartphones and apps enabled Uber and Lyft to disrupt the staid taxi business, while the widespread availability of high-speed Internet allowed Netflix to bury Blockbuster and, ultimately, become one of the most profitable companies in the world. Even brick-and-mortar industries, like hotels and hospitality, aren’t immune to disruption, as evidenced the growing popularity of Airbnb.Read More »
Fueled by new technology like the Industrial Internet of Things (IIoT) and Big Data, Industry 4.0 offers tremendous potential for improving operational efficiency and spurring growth. However, many manufacturers perceive Industry 4.0 adoption as more of an obligation than an opportunity, something to be relegated to an IT department rather than presented as a strategic, company-wide initiative.Read More »
With the introduction of new technologies, Industry 4.0 has changed how manufacturing works. As a result, it’s also changed who is needed to work within the industry. While traditional skills like machining and tooling are tremendously valuable, manufacturers now require employees with proficiency in fields like augmented reality, big data, and robotics, to get the most out of all the new technology.Read More »
Businesses are transitioning to LED lighting in the 5.6 million commercial buildings in the United States. And, in many regions, the addition of solar solutions for energy independence is also underway.Read More »
Industry 4.0 is becoming more important to the state of the manufacturing industry, but many people aren’t taking full advantage of the opportunity. Although 85% of businesses see the potential of Industry 4.0, only 15% have dedicated strategies in place.
The Digital Industrial Revolution is upon us, with new technologies and trends emerging every day. Keeping up with the rapid pace of innovation can be difficult for some companies. Fortunately, a new study reveals that taking a staged and approach to adoption will prove successful.
The Boston Consulting Group (BCG) conducted a survey of 380 U.S. based manufacturers to see how companies are approaching the revolution. One of their findings was that companies need to approach adoption not as a marathon, but as a series of sprints.Read More »