The ever-volatile oil and natural gas industry—roiled most recently by September’s drone attacks on Saudi Arabian oil facilities that temporarily reduced the kingdom’s output by nearly half (about 5 percent of global production)—faces particularly challenging requirements for machined components to meet evolving supply targets.
Rapid prototyping is a staple of every designer and engineer’s workflow—essential for testing new concepts, verifying designs, and meeting increasingly aggressive time-to-market goals. Regardless of the industry or product, all engineers must consider the speed, accessibility, cost, and output of these additive manufacturing equipment.
For years, companies have struggled to understand how additive manufacturing (AM) can add value to their businesses. This makes sense because for a long time, additive tech didn’t meet the threshold for producing industrial-grade parts.
With an influx of investment in digital factories, the playing field is changing and the ROI for digitizing production is becoming ever more apparent. However, restraints, such as company size and a disconnect between IT and OT, means the road to a successful digital transformation is one very few will be able to do alone.
While looking for inspiration for this column,Ilene Wolff came across a rousing magazine headline. “Why the Women in 3D Printing Innovator Award Is Important,” the TCT Magazine headline read.
Kennametal Inc., Pittsburgh, has formed a 3D printing materials and production business unit, Kennametal Additive Manufacturing, as part of its Infrastructure segment.
Software AG (Frankfurt, MDAX: SOW) announced an original survey of over 125 North American manufacturers in the heavy industry and automotive sectors that revealed they are unable to scale their Industrial Internet of Things (IIoT) investments across their enterprises, and therefore are losing millions of dollars in potential profits while falling behind competitors that have invested in enabling technologies that support IIoT across the enterprise.
Methods Machine Tools Inc., a supplier of precision machine tools and automation, announced that its Board of Directors has appointed Mark Wright as its President and Chief Executive Officer effective September 13, 2019. Wright will assume all operating functions of Methods Machine Tools Inc., including the Sudbury headquarters and all seven direct offices throughout the United States as well as its national distribution network.
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The concepts Industry 4.0 in Europe, Made in China 2025 and smart manufacturing in the U.S. “all share a common goal—to create cyber-physical systems to innovate in manufacturing,” IDC's Bob Parker said at Dassault Systèmes’ recent Manufacturing in the Age of Experience event. “And it’s really dependent on a set of new technologies like IoT (the Internet of Things) and artificial intelligence (AI).”
