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Composite materials consist of fibers—in the aerospace industry, they are typically glass, carbon or kevlar—suspended in a matrix of epoxy resin.

The concept of the digital twin in A&D was born in the 1970s, when NASA began employing full-scale virtual mock-ups of space capsules to forecast the performance of machines in outer space.

LIFT recently expanded the focus of its desire to “create innovations faster, better and cheaper” to the materials, processes and systems involved in moving innovations from concept to commercialization.

Like the United Nations’ international delegates who use interpreters to understand each other, robots, machines and other industrial components from various vendors speak different computer languages and need translators to help them communicate.

The COVID-19 black swan event disrupted the global economy and forced companies to rapidly rethink their processes, operations and supply networks.

To get to smart manufacturing, the industry needs integration, simulation and analysis.

Smart manufacturing is now being rapidly adopted by a much wider range of business sectors.

In the U.S., we are not seeing any specific localized disruption yet, although I’m watching New Jersey where it could be on the cusp. There are a lot of manufacturing facilities there in pharmaceuticals and chemicals, and therefore that’s an area I think we should be paying attention to.

Pivot International is a 47-year-old company. We’ve done product development and we manufacture as a service provider. We’re in a large degree of industries of technology.

Blockchain, the distributed, encrypted, tamper-evident ledger platform that gave rise to Bitcoin, has birthed a new, foundational market concept to execute business transactions, Karim Lakhani, professor of business administration at Harvard Business School, said as he led a panel talk on blockchain tech for supply chains at Automate 2019.