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.
Rapid prototyping is a staple of every designer and engineer’s workflow—essential for testing new concepts, verifying designs, and meeting increasingly aggressive time-to-market goals. Regardless of the industry or product, all engineers must consider the speed, accessibility, cost, and output of these additive manufacturing equipment.
Kennametal Inc., Pittsburgh, has formed a 3D printing materials and production business unit, Kennametal Additive Manufacturing, as part of its Infrastructure segment.
The ever-volatile oil and natural gas industry—roiled most recently by September’s drone attacks on Saudi Arabian oil facilities that temporarily reduced the kingdom’s output by nearly half (about 5 percent of global production)—faces particularly challenging requirements for machined components to meet evolving supply targets.
Fort Collins, Colo.-based Wohlers Associates announced the publication of “Wohlers Report 2019,” the 24th annual installment of its undisputed, industry-leading report on additive manufacturing (AM) and 3D printing. The worldwide study reports on growth, development, and the future of AM materials, applications, systems, services, design, software, patents, startups, standards, investment, and research.
Blockchain technology is becoming a key player in modernizing supply chains to enable easy tracking, automate transactions and delivery, and build end-to-end trust, Chandra Narayanaswami, principal research staff member, Member IBM Academy of Technology at IBM Research, told people attending a smart manufacturing session at the MD&M West conference here last week.
Producing metal products is one of the most energy intensive industries. Improving both energy and production efficiency, as well as ensuring product quality is at the top of any manufacturers to do list. Engineers should consider using fixed thermal imaging cameras to optimize their manufacturing process.
Expect at least two recessions, or downturns in GDP growth, in the next few years. That is the prediction of Brian Beaulieu, CEO and chief economist for ITR Economics.