Study Reveals Hottest Trends in Industrial IoT

However, the field is often among the first to adapt new technology, as small increases in efficiency can be the difference between a profitable venture and one that's economically unsustainable. Technology is having a major impact on manufacturing, and Deloitte, in conjunction with the Council on Competitiveness and Singularity University, recently released their Exponential Technologies in Manufacturing study to outline just how quickly change is expected. The report outlines four industrial revolutions, the most recent of which started in 2010. While electronic automation has transformed manufacturing since the 1970s, smart automation is playing a pivotal role in technologies coming online today. By tying automation equipment more closely to artificial intelligence, Internet of Things sensors, and other contemporary technology, smart automation has the potential to lead to exponential change in the coming years.