This research presents the scenario in the global electric motors and electric drives market in 2020 including sales by different geographic regions, motor technologies, power ratings, drive technologies, and by major end-user industries. In addition, the research discusses the latest technology and business trends, latest news about motor and drives manufacturers in 2019 and 2020, competitive revenues and company market shares in 2019.
The number of cyberattacks launched on manufacturing facilities worldwide is growing quite significantly. Frost & Sullivan notes that the downside of a rising Industrial Internet of Things (IIoT) factory environment is the increasing capability of cybercriminals to attack industrial control systems (ICS) and supervisory control and data acquisition (SCADA) systems. Perimeter-based defense strategies, multi-layered cyber defenses with strict user access policies, strong endpoint defenses, intrusion detection, and other legacy defense-in-depth tools are simply no longer enough. This is because today’s highly sophisticated hackers and attackers with advanced knowledge of IT systems and ICS use more and more innovative tactics to deceive defenders, bypass controls, and gain access to sensitive systems.
While several manufacturing enterprises are still struggling to understand what Industry 4.0 implementation really means to them, the benefits that Industry 4.0 promises to deliver are too hard to ignore. Globally, several strategic initiatives that can guide manufacturers to successfully manage their digital transformation journey are underway. Several early proof-of concepts and pilot implementations are trying to establish the case for industry 4.0.
Increased urban penetration coupled with the rapid expansion of cities have resulted in a lot more dependence on resources such as water, energy, environment, infrastructure, and other basic utilities. This has also resulted in spikes in congestion and pollution. Such stress on city resources has forced government institutions and municipalities to look at alternative means of managing cities. This has brought about a move toward smart solutions that are more sustainable, green, and resourceful. Smart cities are cities built on smart solutions and technology that will lead to the adoption of intelligent and seamless transportation and other sustainable plans.
Digital transformation in manufacturing is critical in optimizing processes, providing safer workspaces, and achieving greater consistency. The convergence of advanced technologies, such as the Internet of Things (IoT), is reshaping both the workplace and the workforce. How companies perceive these potential changes, design the workplace, define workforce tasks, and arrange the workflow are key factors in helping them to retain a competitive advantage in the market.
This study analyses the key trends and applications of artificial intelligence in the freight transportation industry by mode of transport i.e. road, rail, air, and ocean freight transportation. This research also analyses the disruptive impact of artificial intelligence on freight transportation business operations and discusses its adoption prospects till 2025. With increased trade flow, the fleet population in freight transportation has become denser, and expectations of customers have evolved beyond recognition, resulting in complex transport operations, requiring operational flexibility from freight operators.
Investment in digital technologies is currently booming across all industries, and the chemicals sector is no exception. In Frost & Sullivan’s March 2018 report, Impact of Digitisation on the Chemical Industry, coating formulators were identified as the most likely to have a digital strategy. However, they put it to use in only a limited number of digital domains. Since then, the use of digital technology by coatings companies has accelerated. Leading coating formulators now have digital initiatives across all domains. The role of digital leadership, especially chief digital officers, is poised to explode through 2019 and 2020.
Cyber threats continue to evolve, changing their attack patterns and development structures, making it harder to detect and enact proper mitigation procedures in time. Today, weapon systems are more software dependent and networked. Embedded software and IT systems enable operational success; however, they create new and extensive vulnerabilities that must be addressed properly. With the emergence of the Internet of Things (IoT), cloud computing, and higher connectivity, the avenues of attack and the likelihood of a breach are increasing. As a result, cybersecurity is more critical than ever because of the potential consequences of breaches in a distributed environment, and military-dedicated networks require better protection, especially for legacy components.