Enabling new business models through the power of software

Industrial manufacturing is one of the core areas of the global economy. Manufacturing plants create employment and encourage development of expertise in high-value sectors, such as product and process design, sales, and marketing.

Development of high-quality services in the areas of engineering, consulting, IT, and research are directly associated with the existence of a robust and innovative manufacturing base. The continuous modernisation of the manufacturing sector therefore represents a major opportunity for economic development and improvements in the labour market in general.

This report aims to identify the main benefits for the companies in adopting smart manufacturing and to highlight monetisation opportunities. It will also briefly discuss the main technological components of smart manufacturing. The report also suggests practical means to overcome the challenges manufacturers face on their journeys to becoming smart. It will also highlight that that journey concerns also all the ecosystem around the manufacturers such as the supply chain and the original equipment manufacturers (OEMs). The study will then end with some conclusive remarks on the status quo and the future path towards smart manufacturing.

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FEATURED IoT STORIES

What is IoT? A Beginner’s Guide

Posted on: April 5, 2023

What is IoT? IoT, or the Internet of Things, refers to the connection of everyday objects, or “things,” to the internet, allowing them to collect, transmit, and share data. This interconnected network of devices transforms previously “dumb” objects, such as toasters or security cameras, into smart devices that can interact with each other and their

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The IoT Adoption Boom – Everything You Need to Know

Posted on: September 28, 2022

In an age when we seem to go through technology boom after technology boom, it’s hard to imagine one sticking out. However, IoT adoption, or the Internet of Things adoption, is leading the charge to dominate the next decade’s discussion around business IT. Below, we’ll discuss the current boom, what’s driving it, where it’s going,

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9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

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Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

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CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

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IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, home automation using iot is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

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5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

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