Testing, Inspection, Certification (TIC) and Standard Development Organizations (SDO’s)

TIC

The TIC industry will continue to be driven by several key external environmental factors that will either transform that organization into a true Industry 4.0 Testing, Inspection & Certification Authority or if it will go the way of the dinosaur?

Per the Barclays, Clearwater International “TIC outlook 2018” report the following trends will continue through fiscal 2019 and beyond:

1. Regulation
2. Globalization
3. Emerging market growth
4. Digitization (e.g. Digital inspection, Artificial Intelligence “AI” including predictive maintenance and frailer mode analysis)
5. Investing in the future
6. Big Data and digital processing improvements to further support developments in automation, robotics and AI

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