How engineering simulation is accelerating product development, adding value and reducing costs.
During the Fourth Industrial Revolution, known as Industry 4.0, industrial processes and manufacturing shifted toward digitization in nearly every market, from agriculture and mining to heavy machinery and building automation systems. Today, this digital transformation is not slowing down. A global industrial robotics survey from McKinsey & Co. revealed that industrial companies are expected to invest 25% of their capital spending on automation from 2022-2027. The survey also found that automation is already being implemented or piloted for popular industrial tasks, such as palletization and packaging, material handling, and unloading.
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