If you’re feeling a bit overwhelmed by the prospect of Industry 4.0, and perhaps a bit sheepish about your lack of progress, you’ve got good company.
If you look at all the companies that were on the Fortune 500 list in 1990, “a very large percentage of them are not there anymore,” David Brousell, executive director of the Manufacturing Leadership Council, told people attending his talk on “Manufacturing 4.0” at Oracle’s recent Modern Business Experience conference.
Connected manufacturing and digitization technologies are spurring many of the major innovations in CNC machine controls that help machine shops cut metal and create parts as quickly and efficiently as possible.
Sensors are making their way deeper into process manufacturing where they monitor PH levels in vinegar, ensure towering bins of sugar aren’t overfilled and measure humidity in bakeries. Sensors are even helping power better mousetraps.
Cloud computing helps any kind of manufacturing with cybersecurity, efficiency, on-call scalability, and Industry 4.0. But for medical manufacturers, cloud computing brings additional critical benefits.
Nobody knows just yet how the auto industry will adopt 3D printing. But Desktop Metal Inc. (Burlington, MA) is in a better position than most to make an educated guess.
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Siemens and Qualcomm Technologies, Inc. have implemented a private 5G standalone (SA) network in a real industrial environment using the 3.7-3.8GHz band.
Manufacturing faces “continued risk for disruption” and uncertainty in 2020, consulting firm Deloitte said in a report.
Manufacturing workers are financially stressed, which can lead to distractions on the job and increased absenteeism. Helping relieve some of that stress may lead to increased workforce productivity and can give you a strategic advantage in attracting and retaining key talent.