Contextualized insights gained from data save precious time, material October 16, 2019 Manufacturers who have deployed the digital or smart factory have put down their pencils, found new uses for their clipboards and closed their spreadsheet programs in favor of using real-time data gleaned from condition monitoring of their machinery.
Traditional IT firms, traditional OT firms try newfangled ties October 16, 2019 Information technology and operations technology are unlikely candidates for a successful marriage. But to ensure that manufacturers thrive in the digital age, OT and IT must find ways to work together—or to at least, as on Tinder, swipe right to indicate interest.
At long last, IoT is breaking down walls between IT, OT October 16, 2019 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.
One way to calculate business value with AM October 16, 2019 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.
Time to Prepare, Not Panic, in 2020 November 26, 2019 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.
Machine Tool Orders Post Monthly Gain in October December 10, 2019 Machine tool orders posted a small gain in October, helped by a boost from machine shops and the auto industry, according to a monthly report.
Control Software Improvements Spurring Manufacturing’s Digitization Push May 15, 2019 More and more manufacturers are seeing productivity as a crucial factor to their business success. In the meantime, business models are changing from the large quantities and few variants to small quantities with frequently changed variants. This change requires high flexibility during production.
Bringing Intelligent Automation Tech to the Broad Engineering Market August 1, 2019 Amid vigorous growth in their industry, product lifecycle management (PLM) software developers are exploiting the cloud and machine learning to manage data and enhance the users’ experience.
Combined with AI, IoT, Blockchain Can Meet Many Supply Chain Challenges February 12, 2019 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.
AM, Spare Parts, and the Rise of the Micro Factory March 8, 2019 Manufacturing got smart when companies figured out how to make products in one market and sell them in another. Today, we call this supply chain logistics. But somewhere along the way, the innovation chain connecting supply (manufacturing) and logistics (the supporting infrastructure) started to diverge.