Farm Equipment magazine lists five manufacturing trends to have a significant impact in 2020 and beyond. They are: 1) Wearable Technology; 2) Predictive Maintenance; 3) 5G/Smart Manufacturing; 4) Virtual Reality & Augmented Reality; and 5) Cybersecurity. Smart factories are becoming the norm in manufacturing, and the manufacturing industry is expected to benefit the most from the rise of 5G.
A new report, “The “Impact of IIoT in the Global Water & Wastewater Industry” by Research and Markets estimates that the smart water grid market will reach $20 billion this year. According to the report, digitization through IIoT-based smart solutions has emerged as the key solution for water and wastewater utilities to tackle challenges such as water pollution and climate change while improving their resilience and sustainability.
The Industrial Internet Consortium (IIC) and the Trusted IoT Alliance (TIoTA) announced that they are combining their memberships to encourage industry collaboration, foster open systems development and promote best practices for trusted IoT systems. The first formal meeting of the combined organization will be held in Athens, Greece, March 9-12, 2020.
Malaysia’s Ministry of Entrepreneur Development (MED) and the Malaysian Technology Development Corporation (MTDC) jointly launched ‘MED-MTDC Industry 4.0 SME Accelerator Program’ to help SMEs. Through this program, 100 micro-enterprises and SMEs will receive training to understand digital solutions and develop technology capabilities. The program aims to get at least 50 of the participating SMEs to meet the standards of Industry 4.0.
Michael Price Associates Ltd (MPA), a UK-based company, published a while paper assessing how UK manufacturers can unleash the power of the smart factory. In an interview with Manufacturing and Engineering Magazine, Nigel Urquhart, Senior Technical Analyst at MPA, said, “The main elements of the smart factory are Big Data processing capabilities, the industrial internet of devices and services and advanced robotics. It’s key that UK manufactures, who are investing in new technologies, take a step back and think about how each of these different elements can connect and effectively talk to each other.