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?

How industry revolutionized into Industry 5.0?

At the end of the 18th century, the First Industrial Revolution or Industry 1.0 was traced as the introductory phase for mechanical production facilities in the form of water and steam-powered engines contributed by the effort from James Watt. The foundation was laid by the revolutionary movement for the shift from individual cottage businesses that we’re serving the needs for a few organizations which were … Continue reading How industry revolutionized into Industry 5.0?

Which key technologies transformed the industrial production?

The main technologies in Industry 4.0 are :- Additive Manufacturing, Artificial Intelligence and Robotics, Cloud computing, Big Data and Analytics, Internet of Things, Virtual and Augmented Reality and Cybersecurity. As the discussion shows, the key technologies used are for the advancement of the Industry 4.0 solutions. As we can see, the topic covers a wide area of industrial production area and zone. Source:- BCG, Statista. Continue reading Which key technologies transformed the industrial production?

How the industrial evolution is impacting the manufacturing system?

As with all goods being in demand by the customers. There is one thing to do with automating the manufacturing system to meet the demand once it proved its value among the customer and maintain the quantity with quality. The supply is important in a proper and smarter way to satisfy the growing demand among the clients and the customers. As the customers and the … Continue reading How the industrial evolution is impacting the manufacturing system?

How Industry 4.0 is performing in Germany?

As per a survey by Bitkom, the investment made in Industry 4.0 in Germany in 2019 is 2.31 billion Euros and in 2020 is forecasted to be 2.62 billion Euros. Whereas in 2016, 1.06 billion Euros of investment was made in the Industry 4.0 sector. In the survey conducted by McKinsey, the investment made in the USA, Germany, and Japan for the progress of Industry … Continue reading How Industry 4.0 is performing in Germany?

Which technological sectors got more business potential locations for Germans?

As of now, Industry 4.0 market got its highest attention among the global player across the world, and internationally it has been recognized as a powerful transformation in the industrial world of automation. As per a survey by VDE, in 2016, below shows the top 10 sectors with high business potential, In my opinion, electromobility and smart traffic or smart cars are the future and … Continue reading Which technological sectors got more business potential locations for Germans?