IHS cites 8 technologies trends to watch in ‘18

IoT, artificial intelligence and robots top the list


2018 technology trends.A new report from IHS Markit cites eight major trends in technology for 2018 that will impact operations and supply chain for the next decade.

“Technology industries have both enabled and benefitted from digitization for the better part of the last 50 years,” IHS Markit officials said in the report. “While the idea of digitization is not new, what we are now seeing is a new wave of transformative technologies with the potential to significantly impact the world around us.”

According to IHS, the eight technologies to watch in 2018 are:

  • Artificial Intelligence (AI)

  • IoT 

  • Cloud 

  • Connectivity 

  • Blockchain

  • Machine vision

  • Ubiquitous video

  • Robots and drones

“While AI, IoT, machine vision, robotics, and the cloud are not really new technologies, they are coming together in new and powerful ways and fundamentally changing businesses, fueling innovation, disrupting industries, and creating both threats and opportunities for all,” IHS officials said.

Among the other comments on specific technologies:

On Artificial Intelligence: “AI is being implemented in two ways: device and cloud-based. Both approaches have advantages and disadvantages. Cloud AI has more computing power to analyze data as it utilizes deep learning algorithms, but there are potential issues around privacy, latency, and stability.”

On the Internet of Things

“IHS Markit has identified four stages of IoT adoption and implementation:

  1. Connect—embedding connectivity and processing capabilities into devices;

  2. Collect—adding sensors and storage that enables devices to gather data on their surrounding environment;

  3. Compute—processing and analyzing large amounts of data generated by IoT devices; and

  4. Create—monetizing the IoT or creating unique solutions through access to transformational data.

“The global installed base of IoT devices will rise from 27 billion in 2017 to 73 billion in 2025, IHS Markit forecasts show. Accelerating IoT growth in 2018 and movement through this four-stage IoT evolution will be the confluence of enhanced connectivity options with edge computing and cloud analytics.”

On robots and drones: “The global market for robots and drones will grow to $3.9 billion in 2018. Beyond that number, however, the deeper underpinnings of the story lie in the disruptive potential of robots and drones to transform longstanding business models
in manufacturing and industry, impacting critical areas such as logistics, material picking and handling, navigational autonomy, and delivery.”

IHS Markit is a CFE Media content partner.

The Top Plant program honors outstanding manufacturing facilities in North America. View the 2017 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
Each year, a panel of Control Engineering and Plant Engineering editors and industry expert judges select the System Integrator of the Year Award winners in three categories.
Welding ergonomics, 2017 Salary Survey, and surge protection
2017 Top Plant winner, Best practices, Plant Engineering at 70, Top 10 stories of 2017
Pipe fabrication and IIoT; 2017 Product of the Year finalists
Product of the Year winners, Pattern recognition, Engineering analytics, Revitalize older pump installations
Control room technology innovation; Practical approaches to corrosion protection; Pipeline regulator revises quality programs
The cloud, mobility, and remote operations; SCADA and contextual mobility; Custom UPS empowering a secure pipeline
Setting internal automation standards
Knowing how and when to use parallel generators
PID controllers, Solar-powered SCADA, Using 80 GHz radar sensors

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
The maintenance journey has been a long, slow trek for most manufacturers and has gone from preventive maintenance to predictive maintenance.
This digital report explains how plant engineers and subject matter experts (SME) need support for time series data and its many challenges.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.
Maintenance Manager; California Oils Corp.
Associate, Electrical Engineering; Wood Harbinger
Control Systems Engineer; Robert Bosch Corp.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me