ABB and Microsoft Corp. today announced a strategic partnership to help industrial customers create new value with digital solutions. Customers will benefit from the unique combination of Microsoft’s intelligent cloud and ABB’s deep domain knowledge and extensive portfolio of industrial solutions.
There have been many process improvement trends in manufacturing over the decades, and none have had more significant ROI than machine monitoring. The increase in machine monitoring is owed in large part to the rise in popularity of the open and royalty-free interconnectivity standard MTConnect.
Lean manufacturing principles and automation systems can coexist, although many lean purists contend that lean goals conflict with using automation. Smart applications of automation, however, can result in deployment of systems that are both automated and lean, with flexible manufacturing systems that can be easily reconfigured as factory operations change.
Common misperceptions about lean manufacturing and automation systems lead many manufacturing managers to dismiss the use of automation in a lean setting.
You have heard it before, today’s manufactured products are becoming ever more complicated. As computers and microcontrollers get ever cheaper and more powerful they have become more enticing for product engineers to use and incorporate. This means the intellectual property in the embedded software has grown increasingly in value – possibly exponentially.
The average lifespan of a company on the S&P 500 has fallen to 20 years from more than 60 years in 1960. The power and influence of technology will increase as much in the next 18 months as it has in the last 30 years.
Effective milestones are an important part of a company’s development process, especially in today’s era of team-based sprints and stand-ups. Yet many companies struggle to successfully create and employ milestones; and some don’t even understand their relevance beyond updating senior leadership.
The Industrial Internet of Things (IIoT) has elements of the fairy tale Jack and the Beanstalk.
Dunnage used to ship and process automotive parts on the shop floor is a key component in the overall manufacturing process, yet it is often overlooked when companies are working to make lines lean and green. Today, it is important that manufacturers know that most dunnage used to transport parts from start to finish can be reused for the lifetime of production.
Waste isn’t to be found only in a company’s operations and manufacturing activities. It can be a drag on innovation in the R&D department as well. As businesses in every sector make their way through an uncertain economy, launching new products that deliver value to customers and create new revenue streams is a critical but difficult task.
