Beyond the traditional factory, industries of all shapes and sizes employ machinery to deliver value to their customers. Automation and connectedness are the driving forces of innovation, as applications for the Industrial Internet of Things and machine intelligence take hold. Additionally, advances in fields such as optics, materials science and chemistry are adding new functions, improving the durability and lifetime of machines and allowing them to run on their own for longer periods of time with fewer external power requirements. At the same time, new technologies also challenge the longevity of existing equipment, creating crucial obsolescence management decisions and creating opportunities to leverage older equipment for new purposes.
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