Tag: Internet of Things

The Internet of Things IOT

The Internet of Things (IoT) is touted as a global megatrend and marks a key future development path for many industries. This is particularly true for the manufacturing industry, where there is a heavy focus to continuously improve productivity in order to remain competitive. When recently addressing the World Economic Forum in Davos this year, German […]

Industry 4.0 The fourth Industrial Revolution

The first three phases of the industrial revolution are said to have evolved through Mechanisation, Electrification and Computerisation. Now, with Industry 4.0, the fourth revolution is taking place in the form of Artificial Intelligence. In the near future, the factory floor will link the virtual world of conceptualisation, simulation, intelligent devices, and total integrated automation; […]