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It is considered to be part of the internet of things (IoT). billion in 2027. Smart manufacturing, also called industry 4.0, is a technology-driven approach to production, using machinery connected through the web to monitor progress and collect data to improve efficiency. Where do we stand today? billion in 2021 to USD 10.9
Technology Horizon : New Materials are Reinventing Energy Storage Devices It is predicted that by 2035, one trillion Internet of Things devices will require 109,000 tons of lithium and incalculable energy consumption needs. Improvements in battery technologies and materials will bring innovative disruption to this industry.
Dealing with today’s digital disruption begins by understanding how it differs from past industry changes. Disruption has accelerated dramatically, and the numbers prove it. At the present rate of churn, Innosight’s research estimates three-quarters of today’s S&P 500 will be replaced by 2027.
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