By 2020, to increase speed, agility, efficiency, and innovation, 80 percent of manufacturers will need to extensively restructure, placing data at the center of their processes.
Most organizations have worked hard to squeeze maximum returns from their existing equipment—which is why the Fourth Industrial Revolution (often referred to as Industry 4.0) holds such promise.
Every year, global leaders of the manufacturing industry come to Hannover Messe to educate, intrigue, and inspire attendees with fresh ideas and creative solutions.
Modern manufacturing requires intelligent operations and connected supply chains to deliver more agile production, greater transparency, and smarter products and services.
At Hannover Messe, Microsoft will showcase how customers and partners are innovating by using Microsoft solutions to reimagine intelligent manufacturing, deliver new services, empower their workforce, and optimize digital operations.
Whether companies are developing entirely new product lines or innovating on last year’s designs, the product innovation process today generally moves from ideation through a stage-gated process of experimentation, market testing, surveys, and validation.
Artificial Intelligence (AI) has sparked a data revolution that is changing our world forever. A study by PwC says that the global gross domestic product (GDP) will increase by 14 percent by 2030 as a result of AI adoption, contributing an additional $15.7T to the worldwide economy (PwC, 2017).
In today’s market full of feature-saturated products and super competitive prices, manufacturers are exploring new service-based business models that will allow them to expand margins and build stronger relationships with customers.
As manufacturing companies of the past turn into the intelligent manufacturing businesses of the future, manufacturing leaders must leverage technology to help bridge the gap, improve safety and operations, provide greater transparency, and deliver better products and experiences.