Government-led industrial automation initiatives such as Industry 4.0 and the broader approach of the Industrial Internet of Things, (IIoT), are having a profound effect on manufacturing, says Darren Hobbs, of S3 Semiconductors.
All those sensors on AGVs (Automated Guided Vehicles) which prevent collisions (with people, equipment, or building structures) are collecting data. Until recently, no AGV manufacturer has found a way to concretise these data and make the actionable, predictive, and fundamentally useful.
Since the term Industry 4.0 was coined in 2011, companies have been rushing to transform their organisations and get them ready for the next industrial revolution. We certainly see the movement gaining momentum, but the progress is very slow.
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