Catalyst for Change and the Building Blocks of the Industry 4.0
With Industry 4.0 and Digital transformation all eyes are on assets – machines and process equipment that power the industrial world. From machine tools to rotating assets to flow control equipment, these quintessential machines are enabling a major Disrupt/Collapse/Transform cycle in the industrial sector. The Industrial Internet of things (IIoT) is revolutionizing the way end-users interact with industrial equipment.
Emerging technologies such as predictive analytics, pervasive sensing and IoT are transforming the industry and hence it is pertinent for manufacturers to understand these components and provide cutting-edge technology solutions.
Servicification, new business models, and digital transformation are key trends to watch out for.
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A great case study is the planned ship recycling facility, 34South, located along the West coast of South Africa in the Saldanha Bay Industrial Development Zone.
While the near-term outlook for the UK is quite uncertain, there is the prospect of growth opportunities for domestic manufacturing.
Massive online marketing campaigns and promotions by e-tailers suggest that retail has entered a new era where e-Commerce and technology bellwethers like Amazon, Alibaba, Apple, Google and Microsoft have created new ground for consumer expectations. The online retail market is on a growth trajectory due to the expansion of the internet with an increase in mobile connectivity.
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