DE · Topics · Resources · Digital Thread · Sponsored Content

Make Manufacturing Data Compute

Ensure your computing infrastructure is ready for Industry 4.0.

As the digital thread winds its way from the back office to the factory floor, manufacturers have an unprecedented opportunity to drive efficiencies and boost product innovation, thanks to a wealth of data that can be collected and analyzed for operational insights.

The rise of the smart factory, what some refer to as the fourth industrial revolution or Industry 4.0, leverages the Industrial Internet of Things (IIoT) and intelligence to drive automation efficiencies, reduce quality issues and monitor performance to aid in predictive maintenance. Smarter operations, enabled by business and engineering analytics, help drive best-in-class manufacturing processes, while the same digital thread can ensure end-to-end visibility used to optimize supply chains, reduce inventories and aid in more effective and efficient product personalization.

At the same time, Industry 4.0 empowers engineering with richer insights to foster product innovation and accelerate time to market. Perhaps the real game changer—parlaying all of this data and intelligence to identify problems before they happen, facilitating real-time and, in many cases, proactive resolution.

Although still early, experts are already seeing an uptick in Industry 4.0 and digitalization initiatives. A market report by Future Market Insights calculated the global smart factory market at $51.9 billion in 2014 with projections to expand at a CAGR (compound annual growth rate) of 13.3% from 2015 to 20251. The IIoT, in particular, is viewed as a lever for reinventing myriad industry sectors and for driving growth, adding $14.2 trillion to the global economy by 2030 with $6.1 trillion of that specific to the U.S. market in the same time frame, notes research by Accenture2. By 2020, 98% of all products will be developed and manufactured digitally, according to the National Center for Manufacturing Sciences (NCMS)3.

For which of the industries do you perform design engineering or related functions? Select all that apply.
By downloading this content, I agree to receive the DE 24/7 Newswire, a twice weekly free email newsletter (you may choose to opt-out in the newsletter).

Latest News

MSC Software Debuts MSC Nastran 2019.0 and MSC Apex
MSC Nastran is a FEA solver that enables simulation of various multidisciplinary engineering problems....

OPEN MIND presents hyperMILL 2019.1
OPEN MIND has expanded the finishing module in the hyperMILL MAXX Machining performance package.

Sintratec Offers Fully Integrated SLS System
Users benefit from a complete 3D printing system covering the entire processes from printing...

ABI Research’s New Industrial Solution Guides Manufacturers Through Digital Transformation
18 technologies help digitize operations to create better products at lower costs.

All posts