Smart technologies are becoming increasingly ubiquitous in our day to day lives. From smartphones to smart homes, the dramatic increase in power and sophistication of technology is opening up new technological frontiers and promising endless possibilities for the development of many different industries, particularly manufacturing.
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.
The important role connected technologies play in safeguarding manufacturing resilience has been highlighted with the global predictive maintenance market set to grow exponentially over the next five years.
Contrary to popular speculation that robots could take British jobs, new data exclusively shared with The Manufacturer has revealed that the majority of industry professionals (63.3%) have never witnessed job losses as a result of the introduction of robots or automated processes.