Big data

Single source of truth – the time’s come for Industry 4.0!

However, throughout the entire production process, from the purchase of raw materials to the sale of products, countless data are generated that are somehow interrelated. It is therefore not without reason that a central demand in the context of digitisation is the Single Soruce of Truth. This concept of data storage enables all departments to access a central data source which is constantly maintained and therefore only contains consistent and redundancy-free data. This data storage prevents errors due to the use of different data bases, but above all it makes certain evaluations possible. Only in this way can the profit of a company be consistently depicted over the entire value-added chain and across all levels. It is not without reason that it is considered indispensable to lead Industry 4.0 projects to success.

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Optimisation? Of course! – Part 3 of 3

The potential for innovation through digitalisation and its digital technologies is infinite – especially with regard to Synaptic Business Automation. With the entrepreneurial innovation mindset and methodologies like the SBA, many ideas can be found and implemented. Against this background, it is of course indispensable that the security foundation is laid in digital terms – keyword: Plant Security.

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Sushi Sensors: The smart health gadgets for the process industry

Smart health is a topic that is becoming increasingly important in the course of digital transformation. A very lively and promising market has developed around digital health offers, but also in the field of medical and medical technology research and development. Experts from politics, medicine and business assume that Smart Health, Big Data and artificial intelligence will optimize medical care and at the same time contribute to massive savings in health care. Take this example and transfer it from health to industry: preventive maintenance reduces costs – and much more.

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Artificial Intelligence: Far more than Terminator, K.I.T.T. or R2-D2

Artificial intelligence? Sure, they’re robots or androids. For example the little R2-D2 from the Star Wars saga or the Terminator from the Hollywood blockbuster of the same name by master director James Cameron. Even K.I.T.T, David Hasselhoff’s cult car in the 80s series “Knight Rider” with its own personality is KI. By no means. Rather, KI – to put it in its simplest terms – is first and foremost a computer software that is practically adaptive and self-improving on this basis. And it already surrounds us almost everywhere.

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Digital Transformation – more than just a technological change

According to a Deloitte study, only about a quarter of the 100 companies surveyed in Germany have implemented a company-wide AI strategy. In an international comparison, this is a rather low figure – here the share is already 35 percent – although the use of artificial intelligence cannot be equated with digital transformation. However, it is of great and important importance, so that the conclusions of the study are also representative for the digital transformation.

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Yokogawa Blockchain LifeSciences

When music streaming meets crude oil

The digitalization of music has forced an entire industry to make a drastic change, which with new business models, especially streaming, has again developed into a growth market in recent years. Let’s remember a little backwards: Filesharing services were initially very popular. Wouldn’t it have a certain charm to get the music directly from the artist and pay him and all those involved quickly and fairly? But how can the integrity of such a software system be guaranteed? The blockchain can make an important contribution to this – also in all areas of the economy, where numerous ideas for new business models are developed and tested against this background.

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