The soaring demand on productivity is a significant factor for increasing investments in robotization. Many companies now acquire robots to solve problems, assist humans and support production. Moreover, the lack of labour power is currently the biggest motivation for operating robotization in workplaces in order to achieve customer requirements, and reduce the time from order to implementation. But while the adoption of robotization is increasing, most robots remain out of reach for the small and medium-sized (SME) business due to the high cost. Robotization can make our lives simpler and better, but only if they are affordable. By K.A. Gerardino.
Europe has taken an early lead when it comes to implementing Industrial Internet of Things (IIoT) or Industrie 4.0 as the Germans prefer to call it, with companies having invested in IoT technologies at higher levels than their US counterparts. The latest update to the Worldwide Semiannual Internet of Things Spending Guide from International Data Corporation (IDC) forecasts total spending on IoT solutions in Europe to increase by 19.8% year on year to reach $171 billion in 2019. Of this, the share of discrete manufacturing is $20 billion, which can be attributed to IIoT.