Gartner predicts that more than 25 billion Internet of Things (IoT) devices by the end of 2021. In the industrial context, these IoT devices are collecting gigantic amounts of data that can be used to understand the condition of a machine or an asset in a factory. When combined with predictive models based on historical …
Industry 4.0 or the Fourth Industrial Revolution refers to the unprecedented change the world is seeing with the breakthroughs in areas such as Artificial Intelligence, Robotics, Internet of Things (IOT), Cloud computing, Edge Computing, 3D printing, Augmented Reality etc. It’s market size is estimated at around US$ 116.14 bn in 2021 and is expected to …
Product Lifecycle Management (PLM) suite of solutions have been used by large industrial companies through the design, build, maintain and retirement processes. PLM tools support integration with multiple CAD systems, single source of truth for design and handover to manufacturing. Digital Transformation and adoption of Industry 4.0 can be accelerated by weaving an end to …