Industrial automation

Global Digital Twin Market Report 2021: Market Size is Expected to Reach $63.5 Billion by 2027, Rising at a Growth Rate of 41.7% - ResearchAndMarkets.com

Retrieved on: 
Wednesday, August 4, 2021
Software, Technology, Other Manufacturing, Manufacturing, Augmented reality, Technology, Digital twin, Science and technology, Computing, Industrial automation, Internet of things, Fourth Industrial Revolution

The Global Digital Twin Market size is expected to reach $63.5 billion by 2027, rising at a market growth rate of 41.7%

Key Points: 
  • The Global Digital Twin Market size is expected to reach $63.5 billion by 2027, rising at a market growth rate of 41.7%
    Digital twins find their application in various end-use industries like manufacturing, agriculture, energy and utilities, healthcare, and automotive industries.
  • In recent years, many companies that create digital twin platforms have introduced different solutions for specific business areas.
  • Owing to the increasing adoption of Industry 4.0 across the globe, the digital twin market is estimated to experience significant growth in the coming years.
  • The Predictive Maintenance & Performance Monitoring market dominated the Global Digital Twin Market by Application 2020.

Industrial Internet Consortium Publishes IIoT Networking Framework

Retrieved on: 
Tuesday, August 3, 2021
Technology, Science and technology, Articles, Industrial automation, Internet of things, Industrial Internet of Things, Industrial Internet Consortium

BOSTON, MA, Aug. 03, 2021 (GLOBE NEWSWIRE) -- The Industrial Internet Consortium (IIC) today announced the Industrial Internet of Things Networking Framework (IINF) publication.

Key Points: 
  • BOSTON, MA, Aug. 03, 2021 (GLOBE NEWSWIRE) -- The Industrial Internet Consortium (IIC) today announced the Industrial Internet of Things Networking Framework (IINF) publication.
  • The framework guides IIoT stakeholders on designing and developing the appropriate networking solutions to enable industrial IoT (IIoT) applications and stimulate industrial digital transformation.
  • It details the requirements, technologies, standards, and solutions for networking that support diverse applications and deployments across a broad range of IIoT sectors and vertical industries.
  • "IIoT applications span a range of industrial sectors as well as business, usage, deployment, and performance perspectives, said Jan Holler, Co-chair IIC Networking Task Group, Research Fellow, Ericsson, and one of the primary authors of the framework.

Hollysys Board of Directors Evaluating Offers From Consortiums

Retrieved on: 
Monday, August 2, 2021
Automation, Manufacturing, Secondary sector of the economy, Economic sectors, Industrial automation, HP Business Service Automation, Schneider Electric

About HollySys Automation Technologies Ltd.

Key Points: 
  • About HollySys Automation Technologies Ltd.
    HollySys is a leading automation control system solutions provider in China, with overseas operations in eight other countries and regions throughout Asia.
  • HollySys derives its revenues mainly from providing integrated solutions for industrial automation and rail transportation.
  • In industrial automation, HollySys delivers the full spectrum of automation hardware, software, and services spanning field devices, control systems, enterprise manufacturing management and cloud-based applications.
  • Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

NETSCOUT Launches Industry-First Smart Edge Monitoring Solution

Retrieved on: 
Tuesday, July 27, 2021
Technology, Mobile, Wireless, Security, Other Technology, Audio, Video, Software, Networks, Internet, Data management, Cloud computing, Cloud infrastructure, Internet of things, Emerging technologies, Technology, Ambient intelligence, Science and technology, Articles, Industrial automation

Smart Edge Monitoring overcomes one of ITs biggest challenges in problem identification and resolution in complex, multi-vendor environments.

Key Points: 
  • Smart Edge Monitoring overcomes one of ITs biggest challenges in problem identification and resolution in complex, multi-vendor environments.
  • Smart Edge Monitoring closes those gaps with flexible, cost-effective alternatives to get the proper analysis in the right edge location for improved end-user experience and problem resolution.
  • Smart Edge Monitoring baselines the user experience before, during, and after cut-over to cloud-based applications to help mitigate such issues.
  • Please visit NETSCOUTs Smart Edge Monitoring web page to learn more.

Pernod Ricard India Partners With Altizon in Their IIoT Led Manufacturing Operations Digitization Journey

Retrieved on: 
Tuesday, July 27, 2021
Articles, Technology, Science and technology, Industrial automation, Internet of things, Industrial Internet of Things, Digital technology, Enablement, Manufacturing, Productivity-improving technologies

PALO ALTO, Calif., July 27, 2021 /PRNewswire/ -- Altizon Inc. today announced that it is working with PRI to deliver their first-ever IIoT led Digital Factory project.

Key Points: 
  • PALO ALTO, Calif., July 27, 2021 /PRNewswire/ -- Altizon Inc. today announced that it is working with PRI to deliver their first-ever IIoT led Digital Factory project.
  • "We believe the digitization of our manufacturing has the potential to accelerate sustainable and tangible benefits.
  • These benefits include, improving the overall capacity utilization, manpower productivity and product quality by enabling end-to-end visibility of our manufacturing operations," said S Srinivasan, AVP-Manufacturing, of PRI.
  • "With the enablement of this digital capability around IIOT platform, we have put the foundation of our Smart Factory blueprint.

Molex Accelerates Path to Industry 4.0 with Expanded Industrial Automation Solutions (IAS4.0) and New Flexible Automation Modules (FAMs)

Retrieved on: 
Tuesday, July 27, 2021
Koch Industries, Lisle, Illinois, Molex, Industrial automation, Internet of things, Computing, Fourth Industrial Revolution, Automation, AT, Technology, Companies

"Traditional manufacturing systems lack the flexibility, connectivity and distributed intelligence needed to effectively address rapidly changing market demands and consumer expectations," said John Newkirk, VP and GM, Industrial Solutions, Molex.

Key Points: 
  • "Traditional manufacturing systems lack the flexibility, connectivity and distributed intelligence needed to effectively address rapidly changing market demands and consumer expectations," said John Newkirk, VP and GM, Industrial Solutions, Molex.
  • According to a June 2021 survey commissioned by Molex on the " State of Industry 4.0 ," more than half of those surveyed expect to meet their Industry 4.0 goals within two years.
  • Molex IAS4.0 and FAM are ideally suited to transform industrial automation supply chains in the automotive, food & beverage and material handling industries.
  • By transitioning to these more flexible architectures, industrial automation stakeholders can advance their digital manufacturing strategies while increasing production-line innovations and operational efficiencies.

Frost & Sullivan Reveals How the Lights-Out Setting is Redefining Manufacturing

Retrieved on: 
Monday, July 26, 2021
Articles, Resource economics, Environmental economics, Energy economics, Industrial automation, Lights out, Automation, Manufacturing, Low-carbon economy, Sustainability, Lights out

SANTA CLARA, Calif., July 26, 2021 /PRNewswire/ -- Frost & Sullivan's recent analysis on lights-out manufacturing finds that the rapidly falling price of robots and continually increasing labor costs will accelerate manufacturers' shift toward a lights-out setting. The manufacturing process is fully automated in a lights-out environment, with minimal human intervention required to run day-to-day operations. Companies have an opportunity to optimize their human capital and potentially save up to 20% of labor costs and generate a 30% increase in productivity output by switching to a lights-out operations model. In addition, they can achieve their sustainability and zero-carbon emission goals by saving energy during production hours. Automotive, general manufacturing, electronics and electrical components, and logistics and warehousing are four major industries expected to make rapid advancements toward a fully automated lights-out environment in the short term.

Key Points: 
  • The manufacturing process is fully automated in a lights-out environment, with minimal human intervention required to run day-to-day operations.
  • In addition, they can achieve their sustainability and zero-carbon emission goals by saving energy during production hours.
  • For further information on this analysis, Transformative Mega Trends Enabling Lights-Out Manufacturing, please visit: http://frost.ly/614
    "Globally, the COVID-19 outbreak has further expedited the shift to automated lights-out manufacturing processes.
  • Manufacturing-to-zero-as-a-service: Enabling manufacturing optimization with a zero-based value proposition requires an integrated approach that leverages all core "zero" technologies.

Frost & Sullivan Reveals How the Lights-Out Setting is Redefining Manufacturing

Retrieved on: 
Monday, July 26, 2021
Articles, Resource economics, Environmental economics, Energy economics, Industrial automation, Lights out, Automation, Manufacturing, Low-carbon economy, Sustainability, Lights out

SANTA CLARA, Calif., July 26, 2021 /PRNewswire/ -- Frost & Sullivan's recent analysis on lights-out manufacturing finds that the rapidly falling price of robots and continually increasing labor costs will accelerate manufacturers' shift toward a lights-out setting. The manufacturing process is fully automated in a lights-out environment, with minimal human intervention required to run day-to-day operations. Companies have an opportunity to optimize their human capital and potentially save up to 20% of labor costs and generate a 30% increase in productivity output by switching to a lights-out operations model. In addition, they can achieve their sustainability and zero-carbon emission goals by saving energy during production hours. Automotive, general manufacturing, electronics and electrical components, and logistics and warehousing are four major industries expected to make rapid advancements toward a fully automated lights-out environment in the short term.

Key Points: 
  • The manufacturing process is fully automated in a lights-out environment, with minimal human intervention required to run day-to-day operations.
  • In addition, they can achieve their sustainability and zero-carbon emission goals by saving energy during production hours.
  • For further information on this analysis, Transformative Mega Trends Enabling Lights-Out Manufacturing, please visit: http://frost.ly/614
    "Globally, the COVID-19 outbreak has further expedited the shift to automated lights-out manufacturing processes.
  • Manufacturing-to-zero-as-a-service: Enabling manufacturing optimization with a zero-based value proposition requires an integrated approach that leverages all core "zero" technologies.

Balluff Vision System Software Expanded from 4 to 8 Camera Licenses

Retrieved on: 
Friday, July 23, 2021
Industrial automation, Technology, Science and technology, Computing, SmartVision, Technicolor SA, Industrial Internet of Things, Internet of things, IO-Link

Each camera operates independently using its own instance of the Balluff Cockpit software.

Key Points: 
  • Each camera operates independently using its own instance of the Balluff Cockpit software.
  • Cockpit, Balluff's camera interface and programming tool, allows users to set up tasks like verifying measurements or reading codes.
  • "This expansion opens up the power of the Balluff SmartVision controller," said Logan Welch, Balluff technical sales specialist.
  • Balluff is a leading supplier of networked IO-Link control system architectures that unlock the potential of the IIoT and Industry 4.0.

Configure IO-Link Devices Quickly and Easily with the New Balluff Engineering Tool

Retrieved on: 
Friday, July 16, 2021
Industrial automation, Automation, Industrial engineering, Computing, IO-Link, Programmable logic controller, Input/output, PROFINET

The new Balluff Engineering Tool facilitates vendor-independent and centralized set-up, parameterization, and diagnostics of IO-Link devices via easy-to-use software.

Key Points: 
  • The new Balluff Engineering Tool facilitates vendor-independent and centralized set-up, parameterization, and diagnostics of IO-Link devices via easy-to-use software.
  • It provides an overview of the status of all IO-Link devices in the network and automatically sends notifications in the event of errors.
  • The user can easily document the current status of the network and without a programmable logic controller (PLC) test inputs and outputs.
  • In addition, device settings and IO-Link parameters can be saved and re-used with the Balluff Engineering Tool.