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industry 40 News

Tenfold investment boom in digital transformation of energy firms

Investments in AI and big data within the energy sector are up tenfold over last year, according to a new report assessing technology's impact on the industry. Despite being constrained by their scale, energy companies are starting to digitally transform.

Microsoft says ‘don’t fear digital transformation’

London - A new study by Microsoft has found many businesses are still reluctant to start or complete the digital transformation process due to concerns about failure. This is despite the considerable benefits of ‘going digital’.

Companies likely to fail if they miss digital transformation

54 percent of digital leaders believe their companies will fail if they don't achieve digital transformation at the same time as their industry rivals. Over 80 percent of businesses could be left behind as technology comes to define modern commerce.

New recommendations for implementing industry 4.0

Karlsruhe - Does the Internet of things, artificial intelligence, networked production, and so on mean that industry is the precipice of a new era? Yes, according to the Karlsruhe Institute of Technology and it’s time for companies to accept this.
 

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