The industrial sector continues to grow even when capital productivity programs are exhausted, operating costs are reduced maximally, the resource consumption is optimized – it seems like everything has been done to make production efficient and profitable. The future is for new technologies now. We tell about IoT and DLT, which complement each other and take the industrial sector to a new level.
To stay competitive, manufacturers must be constantly looking for ways to improve their production, supply chains, and offers for customers. Automation and optimization are constant and mandatory processes in which all corporations of the industrial sector, retail and agriculture are involved. Since all available classical methods of improvement have already been used, companies
have to make a sharp leap.
Now we see the new Technological Revolution, when optimization processes are not so much about working on equipment as in data. The engine of the new Digital Revolution is 5G technology, the ability to transmit large amounts of data at high speed. The new data transfer protocols connects all devices within automated production systems and warehouses without any borders.
Total Automation Can Be Dangerous
Manufacturing and transportation processes will become much cheaper and easier: smart devices can be combined into one network within individual companies and around the world. This phenomenon is called the Internet of Things, and it is a direct consequence of technological progress.
Juniper Research predicts that the number of IoT (Internet of Things) connected devices will rise to 38.5 billion in 2020: the growth is over 285% up from 13.4 billion in 2015.
Devices are combined in a network of smart systems that allow production and transportation processes to be more flexible and customizable. AI tracks all elements of the system and based on large amounts of data can make predictions and make decisions automatically without human involvement.
Although all the obvious benefits of the IoT, this concept remains
vulnerable. As the number of smart productions, ecosystems and smart environments increases, so does the amount of data. This is a broad field of action for intruders who can invade the ecosystem, inject fake data, destroy smart production, or make their products unsafe. This can be a significant loss and sacrifice, as the Internet of Things will affect key industries: food industry, airports, military and medicine. The price of accidental error or deliberate manipulation in the digital age may become too high for humanity.
