Agility is the key in IIoT innovation

28 September 2020

Agility is the key to driving forward digital transformation in industrial applications into 2021 and beyond, according to Linda Tsai, IIoT president of Advantech.

Speaking at the organisation’s first ever Global IIoT Virtual Summit, entitled ‘Connecting Industrial IoT Innovation, ’ Tsai said that figures from IDC suggest that by 2025, there will be 41.6 billion IoT devices in use worldwide, generating 79.4 zettabytes of data. She said: “Connected devices will pervade every aspect of our personal and business lives, and a complex mix of technology and infrastructure will be more crucial than ever to harnessing the power of the data generated by these devices. 

Identifying key technology trends for 2021 Tsai mentioned digital transformation, 5G, decoupling, device-to-cloud digitalisation, empowered edge and artificial intelligence (AI).

According to the GSMA Mobile Economy 2019 Report, 5G will contribute more than US$2 trillion to the global economy up to 2035, of which 35% will go to the manufacturing and utilities sectors. Meanwhile, research from MarketsandMarkets estimates the value of AI in the manufacturing at US$17.2 billion by 2025.

“There is no getting away from the fact that digital transformation will impact every manufacturer in the world in the years to come, and harnessing the power of data will be critical to competitiveness as we move from Industry 4.0 and towards Industry 5.0,” continued Tsai. “Our global Summit has brought together partners from across the world to find the best ways to collaborate and exploit the power of new and emerging technologies, to optimise efficiency, performance and commercial success.”

Jash Bansidhar, managing director of Advantech Europe, added: “The macro strategy of driving Industrial IoT development through the adoption of AI, 5G and edge computing is central to the further adoption and exploitation of IoT technologies. Our mission continues to be to work with ecosystem partners to deliver sustainable success in the post-pandemic era.”


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