According to growth strategy company Frost & Sullivan, the Internet of Things and data analytics are transforming the manufacturing space, as data is the new currency. “With the rise of cognitive technologies, human intervention will no longer be needed for logical and reasonable decision-making. Cognitive technologies mean that machines will be empowered to detect constantly changing manufacturing scenarios and respond in real time with minimum human intervention,” says Frost & Sullivan industrial automation and process control senior research analyst Nandini Natarajan.
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