What are the economic potentials of the fourth industrial revolution?

The transformation processes of the fourth industrial revolution are based on the eight fundamental changes: – Individual meetings with customer requirements. Flexibility. Decision-making is optimized. Productivity resource and efficiency. Value opportunities created via new services. Demographic change responded in the workplace. Work-life-balance. Economy with high-wage is still competitive. In my opinion, the transformation points or the changes happened in the fourth industrial revolution are important … Continue reading What are the economic potentials of the fourth industrial revolution?

Which country is more interested in “internet of cars”?

The race in the autonomous market is well known. The role played by the internet of things is daily increase the attention of the well-known major established automotive players and also the countries from both corners of the world. So, how the world will look like with communicating cars with each other making the major decision with the use of the vast amount of data … Continue reading Which country is more interested in “internet of cars”?

5 ways to use IoT in the business world?

IoTs in the market are not just for technological support or some techno-maniac knowledge-based applications but also a powerful ally in the business world. Internet-of things in the 5G world is creating a crucial niche for itself, however, the concept is not always limited to a certain option. The 5 different ways IoT could be used in the business world as a powerful tool are: … Continue reading 5 ways to use IoT in the business world?

What is the scenario of Internet of things?

As per a survey by Uni Jyväskylä, the forecast for the sales of internet of things across the world in 2017 has been recorded as 1,26 billion dollars and in 2020 it was recorded as 1,8 billion dollars. The different sectors for the internet of things to work are smart Machine-2-Machine, smart electronics, smart mobility, smart health and smart utilities. The global revenue forecast for … Continue reading What is the scenario of Internet of things?

Who are the top 3 countries leading in Industry 4.0?

So, where do you find the best quality industry 4.0 technologies from and how can we invest in such technologies. As per a survey by Bitkom, the results shows that USA, Japan and Germany are the top 3 countries leading in Industry 4.0. The survey result shows that 26% for the USA, 25% for Japan and 22% for Germany are considered to be the leaders … Continue reading Who are the top 3 countries leading in Industry 4.0?

What benefits are achieved by artificial intelligence in German industrial companies?

As per a survey by Bitkom Research, the result shows that how German industrial companies are benefiting from artificial intelligence. One of the major goals observed in German industrial company was increase in productivity. However, the survey result shows that with AI, cost reduction is only 19% achieved as compare to other survey results. The result also improves the increase in the product quality and … Continue reading What benefits are achieved by artificial intelligence in German industrial companies?

What changes digitalization investment brought in different countries?

Digitalization and connection with Industry 4.0, has definitely changed the world economics playground leading to the massive movement of change in GDP in terms of billion dollars of markers. Any kind of evolution in the digital world brings a change in the development of the GDP in different countries may be in a positive or negative way. The way to counteract such evolution is to … Continue reading What changes digitalization investment brought in different countries?

Is Industry 4.0 creating a downfall for the “cheaper production” slogan?

With the rise of digitalization and the evolution of the automation world, customers are focusing more on the quality level of products than just the quantity. The countries with cheaper values of their production line were selling their products with the slogan tag of availability of area at a cheaper or economical price. However, the way digitalization led to the rise of the economy and … Continue reading Is Industry 4.0 creating a downfall for the “cheaper production” slogan?

Who were the leading countries in Industrial production in 2017?

As per a survey conducted by WordBank, the global industries across the world share a considerate amount of percentage and also shows the growth in the Industry 4.0, as the change shifted from Industry 3.0 to Industry 4.0, it can be observed that the change was accepted across different countries around the world. The share value of China is 5.6%, US is 3.5%,Japan is 1.8%,Germany … Continue reading Who were the leading countries in Industrial production in 2017?

How Industry 4.0 affected Mass customization?

The move with Industry 4.0 is not targeting the machine to work faster and smarter but become efficient in providing customized products for the customer to have a better hold among the customer for their better preferences. The key feature is the shift from mass production to the customization of the mass products. The process resulted in the on-demand production and the inventory was better … Continue reading How Industry 4.0 affected Mass customization?