Intelligent manufacturing in many forms has gained momentum and much press. The industrial systems market is flooded with new terms and concepts that have different meanings from industry to industry: smart manufacturing, Internet of Things (IoT), Industrial Internet of Things (IIoT), intelligent devices, machines, systems, smart grid, and the latest Industry 4.0 (the fourth industrial revolution) leading this.
The ideas behind these buzzwords bring new challenges and opportunities for manufacturing technologies and standards across industries.
For example, several barriers to adoption of IIoT are data integration challenges, lack of access to skills, cybersecurity and data security, and the significant initial investment. To optimize IIoT projects, many companies forge partnerships and create new collaborations with organizations and ecosystems that help address the above challenges.
As the 2018 KPMG Global Manufacturing outlook stated, more than one-third of CEOs believe that their digital supply chain networks will require complex strategic alliances which, are the most critical elements for achieving growth objectives over the next 3 years.
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