Industry 4.0 stories
New Zealand businesses are predicted to reach NZD$65 billion in capital formation in 2017, and set a new record of $70 billion in 2018.
A new report from Stratus asserts we're on the brink of huge change and disruption, dubbed the 'fourth Industrial Revolution'.
Industrie 4.0 is about driving digital value chains, thus creating more agile and market focused competencies.
Rising cyberattacks on smart grids are driving utilities to adopt stronger identity checks and encryption as connected meters multiply 30% a year.
Robotic construction could cut costs and speed work on a school serving 1,800 people across 12 villages in Jiangxi province.
Low productivity in construction is pushing firms towards robotics, 3D printing and modular building as McKinsey says the sector lags on R&D.
New Zealand could reap up to USD $3.3 billion over 10 years from IoT, but experts say AI support will be needed to unlock the gains.
Only 14 per cent of large firms have adopted IoT, risking missed gains of hundreds of millions of dollars across New Zealand.
A national study could reveal hundreds of millions of dollars in gains for New Zealand as businesses remain slow to adopt connected devices.