The 'IoT' and 'Industrie 4.0' are both buzz words being thrown around at the moment and being heralded as the next big things for manufacturing; they are. But what people forget is that in preparing for their integration into existing processes, it is not only a question of what are the best big data solutions needed to capture the influx of all of the new types and amounts of data, but what is the role of PLM in facilitating the development and management of smart products.
In the digitalised industry, data and innovative technologies are key to produce customised products and offer new services. Today, many manufacturers are already using digital technologies and are re-inventing the way they think and conduct business. Although the technological possibilities appear unlimited the digital transformation will only be a success if companies, investors and customers have sufficient confidence in a connected world with systems that act independently and anonymously.
While the development of legal frameworks for Industrie 4.0 in Europe is still at an early stage it is time to act fast not to lose the momentum. Therefore, Georg puts the regulatory frameworks for a digital economy to the test and explains what it takes to create a reliable legal environment for the Industrie 4.0 to flourish.
Topics covered in this interview include:
In this article, LIM Kok Kiang, the Assistant Managing Director of the Singapore Economic Development Board (EDB), describes Singapore’s digital transformation journey borne out of necessity and explains how the creation of the right framework provides adopters and technology players the environment necessary to co-create new solutions and develop the latest advanced manufacturing capabilities.
The Economic Development Board is the lead government agency for planning and executing strategies to enhance Singapore's position as a global business centre. EDB’s mission is to create value-adding solutions for investors and companies in Singapore to ensure sustainable economic growth, vibrant business and good job opportunities.
Companies invest and deploy lifecycle management technologies as a supporting infrastructure of a true 'end-to-end' vision. On paper this is all good and well but in practice, this transparency is actually unachievable in most cases and leads to a siloed value chain: PLM for design of product, ALM for development of software and SLM for management of service.
However, with the introduction of IoT and related platforms, the model is changing. In this session, Professor Eigner discusses how to reap the benefits.