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The Value of Intellectual Capital

Many facilities have in recent years adopted an approach to data storage based on cloud computing, where data is stored remotely, and is only accessible to users via the internet.

www.eetimes.eu, Jul. 07, 2020 – 

The pace of change in the industrial sector continues to accelerate. The growth of the Internet of Things (IoT) and the drive for Industry 4.0 increases pressure on systems not just to deliver complete, real-time visibility of operations, but also to assist with functions such as production planning in order to meet rapidly changing customer needs.

There is a vast and ever-growing array of computer systems available to manufacturers seeking to optimally control their operations. It is a vital area of investment and it needs to show measurable value. Purchasers have to contend with constantly converging technologies and select from a plethora of suppliers all claiming to offer the best solution.

Many facilities have in recent years adopted an approach to data storage based on cloud computing, where data is stored remotely, and is only accessible to users via the internet. However, for some applications, an approach based on edge computing, where computation and data storage are handled close to the location where they are needed, is being adopted to help optimise response times and save on bandwidth.

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