Industry 4.0
Industry 4.0
22
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22
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The Automotive Industry Can Benefit from the Rollout of the 5G Network
A smooth rollout of 5G and accompanying technologies can play a big role in shaping the automotive industry for the future.
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Industry 4.0: Capturing Value at Scale in Discrete Manufacturing
Instead of identifying the most significant impact areas and connecting them to Industry 4.0 value drivers, approaches are mainly focused on imagining how technology will grow in the future.
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Top 3 Industries Harnessing the Potential of IoT for Digital Transformation
The World Economic Forum predicts the value of digital transformation is expected to be more than $100 trillion by 2025 for industry and society. But why are companies so eager to achieve digital transformation, and how can IoT be instrumental in realizing this? Read on to learn the answers.
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Tangible Industry Problems and Its Solutions: Industry 4.0
Researchers, entrepreneurs, and representatives of government agencies and public groups address Industry 4.0-related issues consistently. Economists are paying increasing attention to the effects of the Industry 4.0 paradigm on global and national economies and capital markets. As a result of technological advancements and inventions, the global industrial environment has changed drastically in recent years.
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Reimagining Manufacturing Operations After COVID-19
The unexpected COVID-19 pandemic brought many challenges, especially for the manufacturing industries. According to the recent report presented at the United Nations Conference on Trade and Development (UNCTAD), the FDI (Foreign Direct Investment) shows a massive fall of around 5%-15% due to the pandemic, majorly in the manufacturing sector.
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Amazon Ready to Widely Launch Astro Home: Is It Worth Buying?
Home robots have fascinated everyone- and if you are reading this article, you are probably not an exception. When Amazon unveiled the newest home robot in fanfare last year and named it 'The Astro Robot', it was evident that every enthusiast was excited to take one home. Unfortunately, there were a lot fewer shipments made back then, and the robots were only available by invitation.
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Why 5G is The Cornerstone of Industry 4.0: The Nestle Ericsson Story
The fourth industrial revolution is currently underway as we speak. Latin America is experiencing a digital transformation due to establishing of the region's first Private 5G Standalone network, which runs independently of the public mobile network and has a 100% on-premises network architecture. This cutting-edge solution is a first for Nestlé and collaboration between Nestlé, Ericsson, Claro, and Embratel in the communications field. It denotes the transition from an automated to an autonomous production, which aligns with the company's Industry 4.0 goals.
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Can Industry 4.0 Save The Semiconductor Industry?
Industry 4.0, or the Fourth Industrial Revolution, is a term used to describe the trillions of dollars worth of investments made by manufacturers worldwide in digital technologies such as Artificial Intelligence (AI), 3D printing, Virtual Reality (VR), and robotics. Industry 4.0 transforms manufacturing from a linear process to a more collaborative and networked approach. With the help of data analytics and sensors, manufacturers can collect real-time data on the production processes and make adjustments on the fly. This allows for greater flexibility and responsiveness to customer demands. As a result, Industry 4.0 is helping manufacturers become more agile, efficient, and profitable.
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Industry 4.0: The Fuel to Organizational Conflict or A Boon for Teamwork?
The 18th century witnessed a watershed event in the history of the world’s industries. The time was ripe for something revolutionary, and Great Britain provided the right platform, abundant with natural resources, capital, labour supply and technology. Thus started the industrial revolution with Great Britain as its flagbearer. Consequently, the country also became one of the leading economies of the time.
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Demographic Dividends and The Industry 4.0 Impact in Asia
When we talk about the rise and fall of a specific technology, we look for reasons to support it. The reasons usually vary from the feasibility to the user segment. But one point that generally goes unnoticed is the changing demographic dividends of a place. What is it? Let us have a brief idea of what the 'demographic dividends of a place' imply.
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Industry 4.0 Changing Lives: The Training Workers' Case
The expansion of digitization is making the global transition to Industry 4.0. Termed as the future factory, it is changing how organizations manufacture, enhance, and deliver their products by integrating smart technologies like cloud, artificial intelligence, IoT, and analytics.
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Capturing Value at Scale in Discrete Manufacturing in Industry 4.0
High expectations are set on Industry 4.0 to usher in the next industrial revolution in discrete manufacturing, with an estimated USD 3.7 trillion in value creation potential for manufacturers and suppliers in 2025. However, only approximately 30% of businesses are now utilizing Industry 4.0 technologies at scale to their advantage.
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How Green Tech Will Affect the Upcoming Industrial Revolution, Industry 4.0?
The German government coined the term Industry 4.0 (Industrie 4.0 originally) while working on a project to digitize the manufacturing industry. In 2011, this term was made public, describing the potential paradigm shift in the industrial automation sector caused by the cyber-physical systems responsible for the evolution of new business models.
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Adoption of Cognitive Computing Across Various Industries
One of the most comprehensive amalgamations witnessed in recent times – cognitive computing, is a unique blend of artificial intelligence, natural language processing, machine learning, neural networks and other scientific disciplines. Essentially cognitive computing is an advanced framework that combines the aforementioned and uses computerized models to imitate the human thought process. Note however, that it is very different from proper AI-enabled systems – cognitive computing studies patterns and analyzes factors to help humans take a relevant course of action.
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Cognitive Agents and Reinforcement of User Experience
In a world where more than 2.5 billion bytes of data are created every day, it is essential to deliver information to users effectively. Cognitive agents’ technology can understand human language to provide accurate information and quickly direct users to the optimal next step. Allowing cognitive agents to do the heavy lifting frees up human resources to tackle more extensive and more complex problems. This combination of technology helps humans produce a better user experience for everyone. As a result, advisors get the information they need to help clients resolve their inquiries faster.
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IBM Watson, Uncover the Power of Cognitive Solutions
IBM had been on the lookout for a new challenge since Deep Blue defeated Garry Kasparov in chess in 1997. In 2004, while having dinner with coworkers, IBM Research manager Charles Lickel realized that the restaurant had gone silent. He quickly uncovered the source of this nighttime lull: Ken Jennings, who was in the midst of his 74-game winning streak on Jeopardy! Almost the entire restaurant had gathered around the screens in the middle of the dinner to watch Jeopardy!
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Cognitive Enterprise: Reinvest your company?
If you are a tech-enthusiastic, you indeed would have heard, “Cognitive Computing is the future.” Why? Because this technology mimics human behaviours. At present, almost all businesses are looking for a solution that can mimic their customer’s behavious because there is no value in the industry without customers. To acquire better insights into cognitive computing and its increasing role in business, we must understand certain aspects. So, let’s discuss why every business enterprise must reinvest in this technology, how they can reinvest in technology, and what they will get in return with a real case study.
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Cognitive Manufacturing and The Beginning of a Revolution: The Start of Industry 4.0
Cognitive computing is the application of thinking, language processing, machine learning, and human capabilities to assist ordinary computers to solve issues and analyzing data more effectively. A computer system can handle complicated decision-making processes by learning patterns and behaviors and becoming more intelligent.
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Ultra-Precision, Super-Speed, Zero-Error Inspection; Cognitive Visual Inspection in Manufacturing
Cognitive Visual Inspection saw companies quickly matching industry 4.0 standards and having zero-defect products as the end result of manufacturing. Approved orders of products, reduced cost in inspection and increase in revenue with maximum clients satisfied is now becoming the norm with application of cognitive intelligent visual inspection.
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Industry 4.0 & Dark Factory Demystified
The industry 4.0 market, valued at USD 86.03 billion in 2020 and expected to reach USD 267.01 billion by 2026 and grow at a CAGR of 20.71% over the forecast period (2021- 2026).
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