IoT is still in its early stages but has already taken over different industries and growing gradually. A summary published by McKinsey Global Institute (MGI) describes the potential of IoT not only in developed countries but also in developing ones. Their analysis reports IoT will have an economic impact in different industries and areas, worth around $11.1 trillion per year until 2025.
Machine learning enables predictions to be made based on large amounts of data. This branch of artificial intelligence is built upon pattern recognition and...
• Werner Struth: “Bosch is opening up the benefits of connected industry to operators of older machines as well.”
• Customer benefits include predictive maintenance
• Industry 4.0 retrofit solutions is a global market worth billions
• Solution includes new PPMP machine language
More than 100 projects worldwide:
Data mining and RFID increase productivity in ABS/ESP braking-system manufacturing by one-quarter
Increase of productivity by 10 percent, reduction of storage in production by nearly one-third
Increased competitiveness and transparent processes through Industry 4.0 in the production units from Cluj and Blaj