Industry X.0: The Next Stage of Digitalization

For the first time, industry is making broad strides forward, shifting from digitalization aimed at increasing efficiency to digitalization aimed at driving growth. This transformation is underpinned by connected technologies, data-driven services, digital ecosystems, hyper-personalization, and innovative business models.

In this context, the IIoT (Industrial Internet of Things) connects physical products with digital applications. Big Data, AI, the Internet of Things, LPN, LoRaWAN, and many others are hallmarks of this complex and vast transformation process.

A simple example of Industry X.0 could be a machine tool manufacturer that equips its machines with sensors. These sensors collect data on operating conditions and send it in real time to a central platform. With the help of AI analytics, not only can failures be predicted, but maintenance work can also be efficiently planned. This leads to a significant reduction in downtime and enables the manufacturer to offer improved services to its customers.

Internet of Things in Commodity Trading

As a global corporation with over 150 locations, Glencore owns a large number of buildings. To digitize building management and optimize building maintenance, soxes has developed a web app in which individual main buildings can be recorded and segmented. This web application enables Glencore employees to manage the many buildings efficiently and from a central location. In addition, the building portfolio can be flexibly expanded, and new requirements can be quickly accommodated. The integration with the alarm system also incorporates the Internet of Things into the management process, ensuring that Glencore’s administrative processes remain at the forefront of the digitalization race. You can find the full project description, including insights into the application, here!