The linkage between technology and future growth is strong. As McKinsey & Company characterizes, for western economies the growth of GDP will only come from the “do it smarter” companies that build a better business model.
As a result we see that many process and discrete Industrial Automation systems are undergoing dramatic transformations and adopting new strategies for industrial Ethernet. Many companies are transitioning to Ethernet connected controllers, computers, high speed motion control, cameras and power electronics. Every day, 160,000 new industrial Ethernet nodes are connected (I.H.S. Global/IMS Research). And there are estimates that 100% of plant floor devices will be providing data as soon as 2018.