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Fourth industrial revolution brings challenges to Big Data

30th Jan `14, 12:07 PM in Resources

Enabled by communications and sensor technology, the global manufacturing business is on verge of what some are calling…

BDMS
Guest Contributor
 

Enabled by communications and sensor technology, the global manufacturing business is on verge of what some are calling the fourth Industrial Revolution or Industry 4.0-a new era of highly efficient, flexible and customizable mass production. However, Industry 4.0 faces a major challenge before it can live up to its promise, according to a new white paper from IHS Technology.

The challenge for the fourth Industrial Revolution is the development of software and analytical systems that turn the deluge of data produced by intelligent factories into useful and valuable information, said Mark Watson, associate director for industrial automation at IHS.

The potential stakes are enormous, with the global industrial automation industry amounting to $170.2 billion in 2013, $182.7 billion in 2014 and an expected $209.4 billion in 2016, as presented in the attached figure.

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