With the promise of greater operational efficiency, Industry 4.0 adoption continues to grow as companies use more IoT devices. This is expected to continue with analysts reporting rapid growth in Industry 4.0 and predicting it will reach approx. USD 155.30 billion by 2024. The main benefit of this connected ecosystem is the ability to access real-time data that can be used to improve operational efficiency.
Ilika plc (LON: IKA) has world class expertise in accelerated materials innovation, including in the automotive, aeronautical and electronic components sectors. Global brands such as Rolls-Royce and Toyota have long-term collaborations with Ilika. High throughput technology enables functional materials to be made, characterised and tested up to 100 times faster than traditional techniques. Robust datasets enhance intellectual property value, optimise product performance and reduce time to market, thereby maximising return on R&D investment.