FM Global – РИСК-АКАДЕМИЯ – АНО ДПО ИСАР

Balancing robotic risks and rewards in manufacturing

riskacademy — Fri, 04 Dec 2020 08:06:34 +0000

It’s been a rollercoaster couple of months for manufacturing in Australia, with the Australian Government promising over $1.5 billion to modernise the sector and create new markets and industries to accelerate the COVID-19 recovery, with many organisations already re-tooling their operations to produce new products.

This is an exciting time for Australia’s manufacturing future. It’s also one which we expect to further accelerate the automation of existing manufacturing outfits and the establishment of new, more highly automated production lines.

A recent study by Pitney Bowes reports that automation can assist in freeing up capital to invest in creating new and better-paying jobs. Another report by Bain & Company entitled Labour 2030: The Collision of Demographics, Automation and Inequality, forecast automation as one of the key drivers of change that will create an economic boost for Australia over the next decade and offset a slowing in labour force growth.

At FM Global, we’ve certainly seen an increase in policyholders who are looking to integrate automation into their production lines. This tracks the evolution and advancement of robotic…

Cybersecurity threats to Industry 4.0

riskacademy — Mon, 23 Nov 2020 01:05:38 +0000

Strong risk management is critical in the Industry 4.0 fight against cybercrime.

The ability to automate traditional manufacturing and industrial processes, supported by data sensors and powerful analytics, has seen the Industry 4.0 trend turbocharge the growth of many companies. By allowing for greater connectivity between machines and facilities, it has accelerated supply chains, driven significant efficiencies, improved the flexibility and agility of businesses, and facilitated a much better customer experience.

All of this has contributed to the explosion of the internet of things (IoT). Analyst firm Gartner predicts there are now approximately 30 billion devices in the world and, according to research by IndustryARC, the global Industry 4.0 market specifically is expected to reach $156.6 billion by 2024. This pace of change will continue to advance as companies seek to stay competitive and maximise the quality of their products and services.

“Industry 4.0 has transformed the way many businesses operate,” says Andrew Bryson, operations senior vice president at FM Global, one of the world’s largest commercial and industrial property insurers. “An…