Nine out of ten companies believe that they are too slow to market with new products. In the consumer goods category around 80% of new products fail. Since 2000, 52% of the Fortune 500 have merged, been acquired or gone bankrupt. These are some of the reasons why senior corporate executives are increasingly turning to separate innovation labs to spearhead their new product development. Innovation has never been more important nor so difficult.
Business leaders can develop digital twins that help blur the line between the virtual world and the physical one to offer better products and to enhance customer experience.
“If your business is not on the internet, then your business will be out of business.”- Bill Gates
Many benefits associated with mindfulness can help improve health.
You may have a general understanding of sensors, including what they do and why they're important, but smart sensors introduce a new and exciting wrinkle. The manufacturing industry, thanks to Industry 4.0, stands on the brink of one of the most impressive leaps forward since the introduction of steam power -- and sensors are in many ways the heart of it all.
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