McKinsey Global Institute ranks the Internet of Things (IoT) along with its application in multiple Industries as one of the “most disruptive technologies to 2025.” It suggests much of this growth will be at the expense of older technologies and new revolutionary shifts will force entire industries to slide into obsolescence. McKinsey warns that change is imperative & no business can afford to be among the last in the race of Automation. In the manufacturing automation business, IoT is advancing at a steady pace. There is a clearly strong interest among large end-user customers, especially for cutting costs and improving productivity for worldwide markets. Listed below are the top 5 Technologies Disrupting Industrial Automation at present :
Sensors & Automatic Identification
Sensors are currently proving to be one of the most widely adopted emerging technologies impacting supply chains. After installing Sensors, they provide real-time data on the location and the condition of a company’s supplies and products as they are transported around the globe, allowing companies to gain end-to-end visibility of their supply chains. It’s a benefit as more organizations are taking note of and continuing to drive sensor adoption rates up.
A recent Deloitte & MHI research identified sensors and automatic identification as the top technology creating the “always-on” supply chain. Sensors are used by approximately 44% of supply chain organizations, according to a survey of 900 supply chain industry leaders. The adoption rate for sensors falls just behind cloud computing and storage, used by 45% of organizations. A large number of organizations plan to implement sensor technology into their supply chains in the future. 87% of survey respondents said they plan to use this technology in the next 6 to 10 years.
In 2013, approximately 20 million sensors were estimated to be in use in supply chains. In 2022, this number is expected to grow to around 1 trillion, and by 2030, the Deloitte and MHI report projects around 10 trillion sensors to be deployed.
Cloud computing and storage