![]() ![]() With speeds significantly faster than Wi-Fi or 4G (up to 10 Gbps), near-zero latency, and wireless connectivity, 5G brings an unprecedented degree of flexibility to high-speed manufacturing environments, with the potential to connect virtually any sensor or device.Ī recent forecast projects a minimum of 22 million 5G units in the manufacturing sector by 2030.Īnd another study pegs the value addition of 5G to manufacturing businesses at $605 billion in unlocked revenue. Searches for "5G" have grown by 1,660% in 5 years. The need to transmit such large volumes of data is also fueling the explosive growth of 5G. With the increase in connected devices will come an explosion in the amount of data generated by businesses.Īlready, enterprises with advanced IIoT setups find that a single assembly line can generate as much as 70 terabytes of data per day. Searches for " IIoT" have increased by 1,900% over the last 10 years. ![]() This number is expected to rise dramatically to 50% by 2025, with some the market already worth north of $200 billion. IIoT uses connected sensors and machinery to build a complete data picture of the entire manufacturing process, to improve decision making.Īt the start of 2020, only an estimated 10% of manufacturing enterprises had implemented IIoT. The industrial internet of things (IIoT) is a major component of Industry 4.0. In fact, automotive manufacturers predict that about a quarter of their plants will be smart factories by the beginning of 2023. Representation of an automotive smart factory. In the automotive industry, for example, it’s estimated that smart factories could create $160 billion in value in 2023. Industry 4.0 continues the push towards automation, employing technologies such as IIoT (industrial internet of things), big data, machine learning, artificial intelligence (AI), and advanced analytics. The third saw the adoption of computers in manufacturing. The first and second industrial revolutions were associated with mechanization powered by steam and the rise of assembly lines. Smart factories are part of the broader “Industry 4.0” movement that’s transforming operations and shop floors in production environments across Europe, North America, and China. Searches for " Smart Factory" have risen by 93% over the last decade. But has witnessed a surge in interest over the last few years. The “smart factory” or “smart industry” concept has been around for a long time. Smart Factories are Changing How We Make Things Read on to gain insights on the biggest trends shaping the future of manufacturing. In fact, a poll of over 200 C-suite decision-makers at global manufacturing companies found that 68% listed improved resilience and agility as a top business priority in the coming years. Nonetheless, the global pandemic saw the industry endure its most severe disruption in over a decade.įortunately, a strong recovery is underway - data from the UN Industrial Development Organization indicated a global growth rate of 18.2% in 2022.Īs the industry recovers, resilience is the key theme giving rise to the trends that are altering the global manufacturing landscape. Hyper is a new kind of early-stage venture firm powered by community and distribution, inspired by the awesome community of makers and early adopters at Product Hunt.The manufacturing sector isn’t as prominently in the public eye as industries like tourism and hospitality. ![]() Hyper is special because its investments are about a lot more than just money - it provides startups with the things they need most in today’s tech ecosystem: a great mentorship program, a helpful community, and unique distribution partnerships. And what makes Hyper really interesting is how it plans to reinvest fund profits back into the ecosystem which will enable it to build more partnerships and double down on support of Hyper companies. Hyper will be investing in about twenty-five companies four times per year, with the first group starting its 8-week founder program on September 10, 2021. Hyper invests $300,000 each in a small number of companies four times per year. The number of companies is intentionally small so Hyper can provide hands-on, intimate help.Įach company gets access to an 8-week-long founder program and Hyper’s special partners - which are some of the best people and companies to help with community, distribution, mentorship, and fundraising: the things modern startups need to succeed. What is the relationship between Product Hunt and Hyper? Hyper partners include Andreessen Horowitz, AngelList, Product Hunt (of course), Sequoia Capital, and the Twenty Minute VC Podcast, just to name a few. You can think of Hyper as Product Hunt’s sister company - there’s a strong bond between the two that will become even stronger over time. They’ll grow and evolve together, with the same mission of helping makers make great stuff. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |