M. Eugene Merchant began his career in 1936 at the Cincinnati Milling Machine Co. (later Cincinnati Milacron), where he went to work analyzing the nature of friction between the cutting tool and the chip. The young engineer eventually developed a mathematical model of the metalcutting process that is still taught and used today.
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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.
The Industrial Internet of Things (IIoT) has elements of the fairy tale Jack and the Beanstalk.
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.
Today, manufacturing leaders from all corners of the world, are working with academics and government-funded organizations to tackle the challenges that come with any revolution in making.