Every plant has its unique lifecycle, which sees both equipment and employees evolve over time. Industry 4.0 has expedited this evolution, with new technologies leading to increased productivity, improved efficiency and decreased costs.
Engineering giant Rolls Royce pioneered servitisation in 1962 with its Power-by-the-Hour approach to jet engine maintenance management. The service, which allows operators to purchase the power used rather than a complete engine, celebrated its 55th year in 2017 and has proven extremely popular in the aerospace market.
Japan faces a unique power delivery challenge because of its two entirely incompatible power grids. The odd system is a legacy from the 19th Century, when local providers In Osaka used 60Hz generators, while German equipment purchased in Tokyo worked on a frequency of 50Hz.
Virtual technology has been around for almost half a century, with industries such as entertainment, education and design all incorporating varying aspects. However, it has only been in the past five years where Augmented Reality (AR) and Virtual Reality (VR)
The fourth industrial revolution is well underway and as state-of-the-art technology drops in price, many more industries are benefiting from smart factories. As a recent PwC survey found 72% of companies expect to achieve advanced levels of digitisation by 2020, the reach of these technologies is only set to increase in 2018.
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