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Waste isn’t to be found only in a company’s operations and manufacturing activities. It can be a drag on innovation in the R&D department as well. As businesses in every sector make their way through an uncertain economy, launching new products that deliver value to customers and create new revenue streams is a critical but difficult task.

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.

Waterjet systems are offering machine shops more productivity options with the latest high-speed cutting and improved software capabilities

Innovate, Integrate, Collaborate are more than just marketing keywords. A number of metrology and software companies I visited at IMTS are putting their development dollars to work in these areas and showing off the results.

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.

New retrofit systems make it possible to quickly, easily and cost effectively transform the standard external-coolant live tooling heads on turning machine turrets into those with through-tool-coolant capability. And shops that have done the retrofit are experiencing longer tool life, more efficient chip control and less heat generation.

Thermo Fisher Scientific, a leading manufacturer of laboratory technology, designed new incubators to cultivate human and animal cells. With 55,000 employees worldwide and group sales of $17 billion, Thermo Fisher Scientific is one of the world’s largest providers of laboratory and analysis technology. The company headquarters are located in Waltham, MA, near Boston.

Effective milestones are an important part of a company’s development process, especially in today’s era of team-based sprints and stand-ups. Yet many companies struggle to successfully create and employ milestones; and some don’t even understand their relevance beyond updating senior leadership.

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