NEW YORK, March 24, 2016 /PRNewswire/ -- Convergence of sensors, machines, work pieces, and IT systems will enable fully integrated data and product flow across various parts of the connected ecosystem in the manufacturing and process industries. Advances in 8 key automation technologies e.g., Big Data and Analytics, augmented reality, virtualization, 3D printing, and cloud are the foundation for Industry 4.0 and will spur unprecedented change while pump manufacturers and service providers experience "Uberization," a complete disruption of the status quo. 

Key Findings of Reportlinker's Research

  • Convergence of sensors, machines, workpieces, and IT systems will enable fully integrated data and product flows across various parts of the connected ecosystem.
  • This convergence is driving advances in 8 key automation technologies that form the foundation for Industry 4.0.
  • This digital transforming is ushering a set of disruptive technologies that is transforming the manufacturing and process industries and upending the existing vendor ecosystem.
  • Pump manufacturers and service providers will experience "Uberization" wherein a competitor with an entirely different business model disrupts the existing ecosystem.

Source: ReportLinker

Photo: Pump Products (Credit: pump-services.co.uk)

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