How do we skill a workforce for Industry 4.0?
It’s now well established that industry is in the midst of a new Industrial Revolution otherwise known as ‘Industry 4.0’. What’s less clear is the
November 29, 2018
How do we skill a workforce for Industry 4.0?
It’s now well established that industry is in the midst of a new Industrial Revolution otherwise known as ‘Industry 4.0’. What’s less clear is the
IoT in agriculture, from oysters to apples
The global population is growing fast and by 2050 it is expected to exceed nine billion. The agriculture industry needs to produce more food to
IIoT technologies are becoming more ‘real’
The industry is abuzz with the promise of unlocking further opportunity and great value. The adoption rate of these technologies has been considered not rapid.
Deloitte and GE’s recent report reveals a significant finding around innovation and ROI.
While productivity improvement and operational goals are the main drivers when it comes to transformation initiatives, innovation in itself can power ROI.
Deloitte surveyed C-suite and non-C-suite executives across seven key industries: aerospace & defence, chemicals & specialty materials, industrial manufacturing, automotive, power & utilities, oil & gas, and metals & mining.
They found “high ROI is almost as likely to result from investments in innovation as from investments in productivity.” The key takeaway is not to reserve digital technology for improving processes. Using it to drive innovation offers strong prospects for growth. Read the Innovation Paradox section of the report here
Open IIoT is an Industry 4.0 collaboration of some of Australia’s most prominent automation brands – SMC Corporation, Beckhoff Automation, NORD Drivesystems and Balluff. In 2018, our members formed a cohort to deliver valuable, efficient and easy-to-understand information on IIoT and Industry 4.0.