Industry 4. 0 revolves around integrating information technology (IT) and operational technology (OT) with near-real-time connectivity to provide actionable intelligence to decision makers. This research focuses on the adoption of digital technologies and smart devices in the industrial equipment industry.New York, March 22, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Industry Convergence to Accelerate Adoption of Smart Solutions in the Global Industrial Equipment Industry” – https://www.reportlinker.com/p06037569/?utm_source=GNW Industrial tools are the leading industry in commercial manufacturing. Such tools can produce metal machine parts for various industries, such as automotive, astronautics, national defense, machinery, modeling, electronics, and power generation. Just-evolved high technologies, such as semiconductors and panels, also require machine tools.This research service provides an overview of digital technologies and smart devices in the industrial equipment industry and highlights major industry trends, technological advancements, new business models, and economic factors that drive the industry growth, not to mention the setbacks. The study dives deep into the key drivers and restraints that influence short-, medium-, and long-term growth, and major growth opportunities. The study also identifies and assesses key market participants in the ecosystem, case studies that use key solutions available in the market, their performance, and offers a glimpse into their strengths, weaknesses, opportunities, and threats.Four types of digital solutions are analyzed in this research service.Connected Component: Technology is primarily used to gather basic operational data from the critical components of a machine, such as seals which are critical components in pumping systems and motors in rotating equipment. Connected component solutions collate data and offer simple insights on the health of a component by using green, amber, and red, as visual indicators of the severity of the problem.Connected Machines: By employing a variety of sensors across the machine, connected machine systems help ascertain the health of the machine and predict its remaining operating life. They also aim to prescribe corrective actions to ensure optimal operations. For example, these systems provide insights on underlying problems, such as a closed valve in the upstream process that may be causing a pump to run dry and damaging the casing and impellers.Connected Plant: A connected plant is one that implements IoT technology on a large scale to provide a host of solutions that transform critical operational data into actionable intelligence for operations, management, and maintenance. Connected plant solutions ensure top quartile performance of the entire plant and use various technologies to measure and monitor the performance and health of all critical and non-critical assets within a plant.Connected Enterprise: Unlike a connected plant, a connected Enterprise solution focuses on managing people, processes, and operating assets across the entire organization. A connected enterprise solution enables companies to lower their operating cost, improve time to market, optimize asset utilization, and reduce enterprise risk. Author: Anand Mugundhu GnanamoorthyRead the full report: https://www.reportlinker.com/p06037569/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.__________________________ CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
