Top 5 industrial automation trends in 2019

ALTADENA, Calif. - Aug. 21, 2019 - PRLog -- 1. The intelligent edge will augment the cloud, but not displace it
Edge is the next big thing across industrial markets. As customers adopt digital to drive capital, resource and asset efficiencies, computing becomes more distributed and converged at source to build in resiliency and responsiveness. Frost & Sullivan predicts that 30 per cent of all industrial applications will shift to the edge technology and will have better computing horsepower. While this is one aspect of the edge, we also expect the emergence of intelligent field devices.

2. Digitalization and the emergence of affordable hardware
Industrial markets (process, discrete and hybrid) have historically digitized/sensorized their processes. However, the industry over the next decade will become more focused on closing the loop between data extraction and value creation. In order to achieve this, digitalization – taking action on data captured in an automated manner – will become paramount. At the same time, digitization will be enabled by very affordable hardware, driven by low-cost/self-serve software.

3. Connected products will drive customers to have negative latency operations
As connected products emerge (the industry is already seeing this in likes of steam traps, valves, compressors, turbines, etc.), the often-underemphasized aspect is the tie back to lifecycle services. Customers will be able to accurately predict asset failures before they happen and take actions to prevent the failure from occurring in the first place.

4. End-of-asset ownership and emergence of partial asset subscribership
Industrial customers are becoming asset light, as they shed heavy asset ownership and transfer them over to OEMs. This trend started in jet engines and is progressively filtering to industrial class assets. As customers are often in the business of producing oil, chemicals, life science drugs, they are not in the business of maintaining/managing assets. This is prompting them to outsource non-core activities.

5. The emergence of new business models
Technology convergences will lead to a creative destruction and expansion of traditional business models. Frost & Sullivan has identified nine unique business models that are practiced within industrial markets. There is a spectrum on these business models – at one end are models as common as SaaS agreements and at the other end the models are as unique as zero-cost and gain-share–based contractual agreements. Like in trend number four, customers are constantly pushing the envelope to minimize the cost of O&M on assets in order to improve bottom-line benefits.
Guangzhou Eusens Technology Co.,Ltd
https://eusens.com/