Government incentives and adoption of new technologies are driving the growth of the Malaysian automation and control systems market, according to a new report.
The Malaysian automation and control systems market, one of the biggest for suppliers, is stable and growing, says the study by Frost & Sullivan, which projects the market to be worth more than $409 million in the next four years.
In this interview, Stefan Hartung, a senior member of the board at Bosch, talks extensively about the industrial internet, detailing some of the components and devices the company uses to give old machines a new lease of life, and provides some insight into the company’s plans going forward
Bosch is as relevant in today’s computerised world as it was after the end of the first industrial age, and the company’s main concern now is keeping it that way.
Its relevance comes from making the power tools and household appliances most readers will be familiar with, and also from its development of ideas and technologies which are likely to shape a future which many of us haven’t even thought about yet.
Nowadays, all the talk is of Industry 4.0, an umbrella term to describe a range of technologies which have at their centre two tiny components: sensors and chips – both of which are Bosch’s essential stock in trade.
Bosch – one of the world’s largest industrial companies, producing a wide variety of engineered products, from automotive components to home appliances – has reported increased sales for the year 2016.
In a press conference last week to launch the German giant’s annual report, Bosch CEO Volkmar Denner listed the key figures:
sales rose from €70.6 billion in 2015 to €73.1 billion last year; and
earnings before tax in 2016 reached a total of €4.3 billion.
Sales in all business segments and geographical regions had increased, added Denner.
Honeywell and Aereon say they will collaborate on solutions to help industrial customers boost the safety, efficiency and reliability of their operations by leveraging Honeywell’s Industrial Internet of Things ecosystem.
“For years, manufacturers and producers have looked for ways to solve operational problems that were believed to be unsolvable – such as unplanned downtime, underperforming assets and inefficient supply chains,” said Andrew Hird, vice president and general manager of Honeywell Process Solutions’ Digital Transformation business.
“With the capabilities of the IIoT, we can find new ways to solve those problems. A key part is the creation of an industrial ecosystem that leverages the depth of knowledge and experience of a range of equipment and service providers such as Aereon.” Continue reading Honeywell partners Aereon for oil and gas IIoT
Yamaha Motor says its internet of things automation system enables integrated control of multiple robot products with one controller
Yamaha has developed a new Advanced Robotics Automation platform – essentially an internet of things system for connecting machines together.
This integrated control robot system enables building advanced automated production lines at low cost, in short time frames, and provides a “remarkable increase in compatibility with IoT”, says Yamaha.
Industry association says new standard is a comprehensive approach to protect the industrial internet
The Industrial Internet Consortium, the public-private organization formed to accelerate adoption of the industrial internet of things, has published its Industrial Internet Security Framework, a common security framework that addresses security issues in IIoT systems.
The organizations says IISF emphasizes the importance of five IIoT characteristics – safety, reliability, resilience, security and privacy – that help define “trustworthiness” in IIoT systems. The IISF also defines risk, assessments, threats, metrics and performance indicators to help business managers protect their organizations.
Honeywell says its new cloud-based IIoT service helps increase plant utilization and performance and avoid production interruptions
Honeywell UOP has launched a new software-based service designed to allow refiners and petrochemical and gas processing plants to improve performance.
Honeywell UOP’s new Connected Performance Services (CPS) business leverages the Industrial Internet of Things to tap Honeywell’s deep process knowledge, design expertise, and understanding of catalysis with next-generation software platforms from Honeywell Process Solutions, the leading provider of software-based solutions for the process industries.
Zak Alzein, vice president for CPS, says: “This cloud-enabled service makes plants smarter and more responsive.
GlobalSign has produced an infographic which provides some insight into the history of cyber attacks against the industrial internet of things
The Industrial Internet of Things, or Industry 4.0, is improving operational efficiencies for global industrial systems on a scale never seen before.
The IIoT holds great potential for improved communications, productivity, quality control, supply chain efficiencies and overall business operations. With this broader connectivity, comes new attack vectors, vulnerabilities and opportunities for hackers.
Survey of 200 executives indicates most manufacturers plan to increase investments in data analytics over next year – even while delaying other technology investments
A recent survey of manufacturing executives indicates many respondents (67 percent) are pressing ahead with plans to invest in data analytics even as they pare back spending in other areas to combat tough business conditions.
The reason: Many say they view data analytics – a key component of the Industrial Internet of Things (IIoT) – as a viable solution to a cycle of problems that lead to downtime and lost revenue.
Only 8 per cent of UK manufacturers have a significant understanding of Industry 4.0 processes despite 59 per cent recognising that the fourth industrial revolution will have a big impact on the sector, according to a new report published today by accountancy and business advisory firm BDO in association with the Institution of Mechanical Engineers (IMechE).
As the increasing use of automation, data exchange, technology and wider supply chain communications driven by Industry 4.0 provides both huge opportunities and threats to UK manufacturing, there remains a “gaping hole” in the education and understanding of Industry 4.0, says the report.
General Electric and Oracle have formed a strategic partnership focused on building what the companies claim will be a “first of its kind platform” for companies to “digitally connect every industrial asset in the world”.
The company says its new IIoT unit will help manufacturers harness the Industrial Internet of Things (IIoT) and more rapidly deploy technologies that will allow them to better manage and analyze data, making their operations safer, more reliable and more efficient.
Vimal Kapur, HPS president, says: “Since HPS’s introduction of the modern automation control system, we have helped plants and manufacturing sites around the world use an increasing amount of data to solve customer’s productivity and safety challenges.
The internet of things is enabling industry to connect individual robotic and automated work cells with other similar cells to create multicellular organisms within what could now be referred to as “smart factories”, particularly as the factory building itself can be connected to those multicellular organisms operating within its walls.
Not only that, those smart factories can themselves be connected to other smart factories within the body of the industrial company’s entire estate, which itself is all wired up to what could be called a central nervous system.