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.
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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.
Cloud technology presents manufacturers with opportunities to improve the flexibility, scalability and efficiency of their operations. Realizing these benefits will require more than simply doing a one-to-one transfer of current technology to cloud-based servers.
August 2019 U.S. cutting tool consumption totaled $205.1 million according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
The future of the auto industry is interesting but uncertain. No one knows how quickly electric vehicles are going to replace gasoline- and diesel-powered vehicles, how completely it will happen, and when it will occur in passenger cars as opposed to SUVs and heavy trucks.
For years, collet-type toolholder assembly and setup have relied on cumbersome, error-prone manual methods that waste time and money.
Blockchain can help power the process to monetize Big Data and will play a role in the FDA’s regulations to limit pharmaceutical counterfeiting by increasing security of the drug supply chain, said experts Smart Manufacturing gathered at Westec 2019 for an exclusive blockchain-tech roundtable
Manufacturers of all sizes see an uptick in productivity after adding a factory within a factory via an automated machining cell. The cells are small-scale, clearly defined production units, often for a family of similar parts or a product, and they typically include a robotic arm and one or more machine tools.
The $150 million “factory of the future” that the Swiss innovator ABB announced a year ago is becoming reality in this enormous city’s Pudong New Area.
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).”