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In an effort to accelerate and modernize their operations, manufacturers are beginning to spend on technology, especially for data management, data analytics, and digital services. ABI Research estimates that manufacturers and industrial firms will be spending $19.8 billion annually on…
The Industrial Internet of Things (IIoT) is the application of IoT to industrial, manufacturing and energy management applications. IoT enables sensors, instruments and devices to be connected and exchange data. The global IIoT market is growing at a rate of…
Are manufacturers ready to take on new ‘smart manufacturing’ technologies like Cloud Computing, Cognitive Computing, IoT, automation, and a new generation of robotics? Unfortunately, the answer may be ‘No’. Only 13 percent of surveyed large and medium-sized manufacturers said that…
New technologies are being applied to decades-old manufacturing processes to improve business metrics like productivity, quality, reliability, safety and yield. The combination of cognitive computing, Industrial IoT and analytics is being called ‘Cognitive Computing’. IBM, in particular, has adopted the…
The Industrial Internet of Things (IIoT) targets the use of IoT for industrial and manufacturing applications. It is expected to be able it help businesses improve their supply chain and logistics management. McKinsey estimates that IIoT will have a $6.2…