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There have been many process improvement trends in manufacturing over the decades, and none have had more significant ROI than machine monitoring. The increase in machine monitoring is owed in large part to the rise in popularity of the open and royalty-free interconnectivity standard MTConnect.

The Industrial Internet of Things (IIoT) has elements of the fairy tale Jack and the Beanstalk.

3D Systems (NYSE:DDD) announced today that Avi Reichental has stepped down as President and Chief Executive Officer and as a Director of the Company, effective at the close of business on Wednesday, October 28, 2015, by mutual agreement with the Company’s Board of Directors.

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.

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.

You don’t have to look too far to find the reasons for the growth of fiber lasers for production applications. On price per watt, beam quality, electrical consumption, and maintainability required, fiber lasers typically score the lowest on the cost side and very high on the performance side.

GE (NYSE: GE), the world’s leading digital industrial company, has reached an agreement to acquire a 75% stake in Concept Laser GmbH for $599 million (€549 million). The agreement allows for GE to take full ownership in a number of years.

A self-described “river rat” during his teenage years, Herbert B. Voelcker grew up in the small town of Tonawanda, NY, just north of Buffalo, where as a young man he grew to love the water, boats, and steam engines. His early fascination with how things worked eventually led him to study mechanical engineering at the Massachusetts Institute of Technology (Cambridge, MA), and to embark later on a greatly varied technical career highlighted by his research into the mathematical foundations for 3-D solid modeling.

In a recent LNS Research study on the Industrial Internet of Things (IIoT) and Digital Transformation, the top two challenges facing the adoption of IIoT technology are finding the budget to invest (32% of respondents) and building the business case (30% of respondents).

PLM strategies move manufacturers ahead with improved simulations in the Digital Thread and the latest Industrial Internet of Things (IIoT) applications