Whether you call it the Internet of Things (IoT), Industrie 4.0, or the age of the digital machine, it’s clear that we’re entering a new industrial revolution. In the industrial machinery market, the impact of new technology will see manufacturing computerised – with production lines featuring smarter, more connected and more complex machines. By Mirko Bäcker, marketing director EMEA, manufacturing engineering, Siemens PLM Software.
Automation solutions impart clarity to your processes. At the same time, this could mean that employees can concentrate on their core tasks and are more motivated - all while operating more economically and potentially increasing financial flexibility. Contributed by Trumpf
The manufacturing world has already decided to get on board the Industry 4.0 bandwagon. But where exactly is this wagon going to take us in a world that is getting very interconnected as we speak? Craig Charlton, SVP, Asia Pacific Operations, Epicor gives us the lowdown.
The industrial control and factory automation market is projected to grow at a compound annual growth rate of 6.73 percent from 2015-2020, and will be worth US$202 billion by 2020, according to MarketsandMarkets in their latest market research report.
Taiwanese president Ma Ying-Jeou has announced the government’s plans to invest NT$36 billion (US$1.11 billion) on promoting Productivity 4.0 over the next nine years so as to enhance the country’s industrial structure and global standing.
