Digital transformation is affecting every aspect of manufacturing, arguably as much so as the First Industrial Revolution almost 200 years ago, with businesses using modern technologies to shift from mass production to mass customisation.
A new research shows the most significant digital transformation trends.
The phrase “data is the new oil” may be more than a decade ago old, but it’s only in more recent years that the ability to collect, combine and analyse vast amounts of data has been within arm’s reach of every business.
The world’s key industries need to improve their approach to digital security as information technology and operational technology move closer together, a core enabler in embracing the Internet of Things.
One of the world’s leading speciality chemicals companies, Evonik, has announced a €100m investment in digitalisation and has entered a strategic partnership with IBM and Germany’s Duisburg-Essen University.
Volkswagen Group has announced virtual reality applications for production and logistics enabling engineers to meet in a virtual environment to exchange ideas between the German HQ and its manufacturing locations abroad.