What Is Life Cycle Costing in Asset Management Space?

Life cycle cost is a crucial asset management tool that takes into account all the life-side effects of planning, acquisition, operation, operation, and maintenance of assets. One of the most important considerations for investors regarding the energy saving project or green building is to know when and when the investment will take place. To attract […]

Industrial Automation Market: Increasing Production Efficacies Are Pivoting Conventional Workplaces

The technological intervention has pivoted almost all major industries across the globe. The rapid advances in technology since the turn of the 21st century, have yielded countless applications; especially in the industrial and manufacturing sector. Industrial automation involves the use of control systems such as computers or automated systems such as robots to simplify different […]

Industrial Internet of Things (IIoT) Makes Rapid ProgressOwing to its Immense Capabilities

Everyone is now familiar with the term “Internet of Things (IoT)”, which is revolutionizing a wide number of sectors. Over the past few years, the concept has been making its way into the industrial domain, giving rise to its variant – the Industrial Internet of Things (IIoT) or Industry 4.0. IIoT is currently gaining traction […]