The market expenditure for the Internet of Things in 2020 recorded as 749 billion US dollars. In 2022 and 2023, the value of the Internet of Things market is expected 1,000 billion US dollars. And 1,100 billion US dollars respectively. The IDC report shows a steep rise in the expenditure for the Internet of Things market. The markets are a competitor to each other. Not … Continue reading How is the worldwide financial market scenario of the Internet of Things?

As the industry is shifting its gear. And moving in a new direction. Gates have been open to the upgrades from PLC to the internet of all things. So, what do you think? Why should you opt for Industry 4.0? The top 5 reasons identified for Industry 4.0 are: – Products individualized: – Gone are the days for mass production. Individualizing a certain product as … Continue reading What are the top 5 reasons to go for Industry 4.0?

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?

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. The major decision making the use of the vast amount of data. For … Continue reading Which country is more interested in “internet of cars”?

Internet of Things 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 … Continue reading 5 ways to use IoT in the business world?

As per a survey by Uni Jyväskylä, the forecast for the sales of internet of things across the world in 2017. It 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 are smart Machine-2-Machine, smart electronics, smart mobility, smart health, and smart utilities. The global revenue forecast for the … Continue reading What is the scenario of Internet of things?

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 technologies. The survey result shows that 26% for the USA, 25% for Japan and 22% for Germany are considered to be the … Continue reading Who are the top 3 countries leading in Industry 4.0?

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 compared 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?

Digitalisation 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?

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. Can Industry 4.0 become the reason for its downfall and become a slogan for “cheaper production”. The countries with cheaper values of their production line were selling their products. With the slogan tag of availability of area at a … Continue reading Is Industry 4.0 creating a downfall for the “cheaper production” slogan?