Venture capital provider is targeting to disburse up to US$11.4 million to mainly fund SMEs whose core business relates to automotive manufacturing.
General Electric believes that we are living in the age of the digital industrial evolution, where the implementation of the Internet of Things means that more machines will be connected to the Internet, offering users real-time analytics.
Accenture has opened an Internet of Things (IoT) Centre of Excellence for Resources in Singapore, which the company said would help companies transform their businesses through a combination of “deep industry experience and innovative technologies.”
The IIoT has opened up doors of possibilities in the workplace, culminating in the fourth industrial wave – Industry 4.0, writes Adam Yee of Siemens Malaysia.
At a time of uncertain economic growth, the Industrial Internet of Things could contribute US$14.2 trillion to world output by 2030, according to new research by Accenture – but these potential gains are at risk because neither companies nor governments are taking sufficient action to put in place the conditions necessary for the wide adoption of new digital technologies.