Due to the upcoming fourth industrial revolution, it is essential to understand the basics of Industrial Internet of Things (IIoT). Its main goal is to provide smart solutions to manufacturing industries. IIoT offers a range of benefits for manufacturers that include innovation, maintenance cost reduction, improved efficiency, and lower unproductive periods. IoT devices can significantly help companies improve their operations. There are numerous applications of this technology, and it is constantly evolving. If your business relies on smart tracking devices, it can improve operations by keeping track of goods in transit. These tools can even track customer satisfaction by monitoring their location, status, and condition. Many global companies have already started using IoT-connected devices.
When it comes to embracing new technology and digitising entire sectors of business, look no further than the Industry 4.0 revolution. All over the world, companies from the likes of manufacturing, warehousing and logistics are embracing Industry 4.0's key technologies to open up new values and benefits. However, Industry 4.0 trends shift and evolve as time goes on. As such, we want to take a look at Industry 4.0 technologies and projects in more detail. We've previously discussed the topic of Industry 4.0 before, but here's a quick recap.
Edge services and edge computing have been in talks since at least the 90s. When Edge computing is extended to the cloud it can be managed and consumed as if it were local infrastructure. It's the same as how humans find it hard to interact with infrastructure that is too far away. Edge Analytics is the exciting area of data analytics that is gaining a lot of attention these days. While traditional analytics, answer questions like what happened, why it happened, what is likely to happen and options on what you should do about it Edge analytics is data analytics in real time.
Why low-code will be crucial for the future. Productivity issues, skill shortages and business project backlogs are the main reason that low-code solutions will make up 65% of application development by 2024, according to Gartner. When looking towards the future, low-code platforms will be key in accelerating digital transformation. Here, Johan Jonzon, CMO and founder of edge analytics pioneer Crosser, explores why. Rather than using complex coding languages, low-code platforms use visual interfaces with simple logic and drag-and-drop features.
IDC recently released a report, "IDC FutureScape: Worldwide Manufacturing Predictions 2018," surveying the global manufacturing landscape. When creating its predictions the firm examined ecosystems and experiences, greater intelligence in operational assets and processes, data capitalization, the convergence of information technology (IT) and operations. Most of the group's predictions refer to a continuum of change and digital transformation (DX) within the wider ecosystem of the manufacturing industry and global economy.