Industry 4.0 represents the fourth and newest phase of the Industrial Revolution, one that is centered around interconnectivity, automation, machine learning, and real-time data. The Industrial Internet of Things, or IIoT, is a central facet of Industry 4.0, as it joins physical operations with smart digital technology, machine learning, and big data to create a more balanced and better-connected supply chain and manufacturing environment. Industry 4.0 brings real-time insights to light and connects software and staff regardless of their location. Full Article
Diane DiEuliis, Peter Emanuel, James Giordano and Alexander Titus
A common expression heard in the military is, “we are always fighting the last war.” In the face of global response to the COVID-19 crisis, the “last war” was the influenza pandemic of 1918.
Although history provides invaluable lessons, it is vital to re-contextualize the issues, problems and solutions of the past in light of the circumstances, capabilities and complexities of the present. The COVID-19 pandemic has generated a dilemma of ensuring public safety and health, while simultaneously attempting to stabilize and sustain the economy.
Meanwhile, demonstrably beneficial, available advanced technologies are not being fully utilized to maximize ethically sound, effective and efficient approaches to reducing the pandemic burden and its effects. If there was ever a time to put such tools to use, it is now. (Full Article)
$10bn Could Be Wiped From Warehouse Automation Market in 2020 by COVID-19, But Net Gains Likely in Long Run
Warehouse automation revenues could take a major hit in 2020 as a result of the COVID-19 pandemic, according to our recent research. Our latest analysis shows that new order intake of warehouse automation projects will likely decline by $2bn in 2020 (detailed forecasts and analysis were released to subscribers this week). The impact on revenues is further compounded by customers delaying deployment and an inability to install and commission projects due to lockdown measures. (Full Article)