Internet-of-Things related revenue is set to double in Germany to 23 billion euros a year by 2020 from less than 10 billion euros today, according to a new McKinsey study. The consultants said IT and telecommunications service providers are set to gain business especially from manufacturing industries and the connected car. Industry 4.0, which foresees Read More..
Schaeffler has signed an agreement with IBM to create a digital platform that will beÂ the foundation of the German automotive supplier’s digitization strategy. Schaeffler said the platform willÂ let it process large amounts of data that willÂ offer the insights needed to upgrade its operations. IBM will provide the technology and act as a consultant and development Read More..
Bosch and SAP plan to jointly develop cloud-based technologies to speed up manufacturing and logistics processes. The two German companies said they have formed a strategic partnership to develop new products for theÂ internet-of-things (IoT) and Industry 4.0. Bosch, one of the world’s largest automotive suppliers, and SAP, the world’s biggest business software group, are making Read More..
German companies are increasingly looking across their country’s borders for experts that can help them implement new digital technologies. According to a survey by Germany’s high-tech association Bitkom, about three-quarters of companies are looking to recruit foreign staff with digital skills. Every second company hopes to gain competitive advantage this way. The German auto industry Read More..
Without standardized Internet-of Things technologies, realizing tomorrow’s smart cities will be more expensive than necessary. A report by Machina Research says that, using current non-standardized Â technologies, it would cost 1.12 trillion dlrs to get smart cities up and running by 2025. Were a standardized approach adopted, the total cost would be 781 billion dlrs, a Read More..
Cisco plans toÂ acquire internet-of-things specialist Jasper Technologies in a move aimed at boosting theÂ Californian technology group’s offerings in a key growth area. Cisco said it will pay 1.4 billion dlrs in cash for Jasper, which builds a scalable IoT service platform that allows companies to connect any device via cellphone networks. They can then manage Read More..
Industry 4.0 is the new buzzword and rightly so. The term attempts to capture the comprehensive change that is sweeping the global industrial landscape. It’s therefore no exaggeration to use “4.0” to define the fourth industrial revolution that is upon us. But dig a little deeper and get ready to be surprised. Industry 4.0 may Read More..