If your company recently adopted IoT solutions to improve the capability and functionality of its products, you’re likely already thinking ahead to the next steps: determining the value of these solutions and gauging their success.
A recent global study – After The Fall: Cost, Causes and Consequences of Unplanned Downtime* – showed the majority of companies have experienced at least one unplanned downtime outage over the past three years, costing an average $260,000 an hour across all businesses.
Every new revolution needs its catalysts and enablers. Liverpool helped to create the infrastructure for the first industrial revolution, with its port, roads and railways at the epicentre of international trade.
Every manufacturer that performs aftermarket service has one goal in mind: to prevent asset downtime and maximise equipment usage for their customers. So, what do the top 20% of firms do differently to the other 80%?
Whether they call it Industry 4.0 or “smart” manufacturing, experts worldwide are focused on how to extract data from intelligent machines and then analyse it to improve both their products and the processes used to create them.
Following last month's stand-out Hannover Messe, Microsoft rounds up the exciting innovations showcasing Industrial IoT, AI, cobotics, digital twins and mixed reality being leveraged by its customers and partners.
If successful, the adoption of industrial digitalisation solutions could, within 10 years, boost UK manufacturing by £455bn, drive sector growth by 3% and create 175,000 new jobs.
Microsoft has announced the gradual roll out of the Microsoft Whiteboard Preview app – a free freeform digital canvas where people, ideas and content can come together for creative collaboration.
