Industrial Internet to increase productivity and reduce costs

A self-driving vehicle works at a fully 5G-equipped workshop jointly built with the Guizhou branch of China Unicom at Guizhou Tire Co Ltd in Guiyang, southwest China’s Guizhou Province, May 17, 2022 . [Photo/Xinhua]

One of my friends from Taiyuan, the capital of Shanxi Province, recently sent a unique birthday gift to her father.

The custom made air conditioner had the calligraphy enthusiast’s favorite phrase “Tian Dao Chou Qin”, or “God rewards the diligent” embossed in Chinese, with the AC also sporting his favorite color and style.

I’m really excited that consumers can now be product designers, supervisors in the production process and beneficiaries of smart technology. Gone are the days when he was just a passive shopper with no say in any of a product’s features.

The industrial internet, a new type of manufacturing automation that combines advanced machines, internet-connected sensors, and big data analytics, is driving this revolutionary approach to manufacturing customized products.

This should increase productivity and reduce costs in industrial production.

China’s industrial Internet sector has developed rapidly in recent years.

According to the Ministry of Industry and Information Technology, the country has powered over 240 industrial Internet platforms that have strong regional and industrial influence, with more than 81 million units of industrial equipment connected to the platforms, serving 250,000 enterprises covering over 40 major industries.

Revenue of China’s major industrial internet-related industries reached more than 1.2 trillion yuan ($168.4 billion) in 2022, up 15.5 percent year on year, the China Academy of Information and Technology said. Communications Technology.

The ministry said in a work plan released last year that it would promote the application of super-fast 5G wireless technology in the industrial Internet and support initial public offerings of eligible industrial Internet companies.

It will further promote the application of 5G plus industrial Internet in the consumer sector, as well as accelerate the innovation of key technologies to advance the digital transformation of enterprises, as foreseen in the plan.

China’s largest home appliance maker, Haier Group, has created an industrial Internet platform, COSMOPlat, that enables companies to customize products quickly and at scale by collecting and analyzing data from consumers, suppliers and factories with Internet-connected sensors, while increasing productivity and reducing costs.

China’s accelerated drive to promote the development of the industrial internet will inject new vitality into the country’s industrial economy, enhance the competitiveness of manufacturing in the global arena, and enable the high-quality development of the digital economy.

“The application of digital technologies has expanded from the field of consumption to that of production. In particular, new industrial forms are taking shape such as the industrial internet, which has become a new driving force behind the growth of the digital economy and has shown significant development potential,” said Liu Xiangdong, a researcher at the China Center for International Economic Exchanges.

Liu said that the industrial Internet boom will see increasing demands for precision data capture, transmission speed, storage space, computing capabilities and intelligent applications. This, therefore, will drive the development of big data and cloud computing infrastructure and promote a group of industrial Internet companies with global competitiveness.

The industrial internet should be established on the basis of traditional industries and information and communication technology, said Ni Guangnan, an academician of the Chinese Academy of Engineering.

Greater efforts must be made to facilitate the development of the industrial internet, which will enhance the long-term international competitiveness of China’s manufacturing industry, Ni said.

#Industrial #Internet #increase #productivity #reduce #costs

Leave a Comment