Manufacturers expect that their investments in smart factories will drive a 27% increase in manufacturing efficiency over the next five years which would add $500bn in annual added value to the global economy.
Cyberattacks are costing UK manufacturers a fortune and the simple truth is, the sector is not tackling the issue as rigorously as other key sectors, such as finance and health. Helen Saunders discusses the threats.
Interconnected systems are already commonplace in British homes, and very soon they will be a reality in industry, says FORCAM’s Andrew Steele.
A high number of organisations are allowing a myriad of internal and external parties unsecured privileged access to critical systems and data, a new global study has revealed.
International technology company, PTC has announced a partnership with professional services firm, Ernst & Young (EY) to simplify industry innovation and adoption of internet of things business models.
Today’s products are typically more complex than ever before. Innovative new designs must leverage a combination of mechanical, electrical, software, and connectivity.
Global technology and manufacturing group, Honeywell has partnered with SKF, one of the world’s largest bearing and seals manufacturers, to launch a pioneering industrial internet of things project.
Cambashi, an international industry analyst company based in Cambridge, has just completed a research project into the industrial application of the internet of things.
Self-driving vehicles have been talked about for some time now and, as most people in the manufacturing industry know, the main causes of delay are due to safety and regulatory concerns.
Executives realise that the Industrial Internet of Things (IIoT) represents significant business growth opportunities, yet their businesses are unprepared for it, according to recent research.