The value-add of blockchain for businesses is estimated to grow into the trillions by 2030. Experts believe product recalls alone—estimated to cost $8 million today—could be practically eliminated through improved track and traceability enabled by blockchain.
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The Pittsburgh region is a hotbed of activity in robotics and AI. This activity includes research and technology companies that commercialize academic research and solve real world problems.
What is tribal knowledge and why should a company care? It is valuable, exclusive information stored only inside someone’s mind and communicated only verbally (if at all). The “someone” may have played an important role in an organization for decades and knows a thing or two that the company treasures yet cannot duplicate.
There is an ever-increasing demand for the individualization of products from today’s consumer. When consumers are able to get exactly what they want (shape, size, color) they are more satisfied and more likely to do repeat business. But how do you scale custom part production?
What do you think of when you hear the word factory? Probably some huge space, with machines humming and personnel walking around with notepads in their hands.
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.
Industrial robots are becoming easier to program, more versatile, more cost-effective, more accurate and more mobile. These changes are lowering barriers to entry, shortening return on investment and making robots a more practical investment.
The second level of machining automation is here. It may not be at every shop or factory yet, but it’s coming.
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.
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.