What is tribal knowledge and why should a company care? It is valuable, exclusive information stored only inside someone’s mind and communicated only verbally (if at all). The “someone” may have played an important role in an organization for decades and knows a thing or two that the company treasures yet cannot duplicate.
The value-add of blockchain for businesses is estimated to grow into the trillions by 2030. Experts believe product recalls alone—estimated to cost $8 million today—could be practically eliminated through improved track and traceability enabled by blockchain.
Convergence-enabled cyberattacks—where criminals exploit traditionally isolated operational technology (OT) devices through their new connections to the IT network—may be motivated by the desire to hijack and demand ransom for services, steal trade secrets through industrial or national cyberespionage, or commit cyberterrorism or engage in cyberwarfare.
The low temperature intrinsic to solid-state printing processes allows manufacturers to weld layers of dissimilar metals without fear of metallurgical incompatibility issues.
What is good about inventory? Being able to find a part when you need it. What’s not so good about inventory? Where to even start…
The next cycle of technology disruption is upon us. Artificial Intelligence (AI) is taking hold in every industry and manufacturing is no exception. AI enables companies—from medical device and electronics manufacturers to pharmaceutical firms—to leverage their Big Data and IoT investments to see new patterns and insights and to perform tasks more efficiently and quickly than ever before.
Nearly a year ago, the world became aware of a new computer virus known as WannaCry. Many institutions were affected by the ransomware. It encrypted and locked a Microsoft Windows computing system and demanded payment.
Companies like ABB, Balluff and Sick would be within their rights to film a commercial with exuberant sensor product managers breaking out in a song of cheer.
In 2020, most manufacturers focused on mitigating the impact of COVID-19, but mitigation is too little too late. Many companies learned that lesson after seeing how COVID-19 outbreaks affected either their own facilities or other manufacturing firms.
During times like these, editors turn to “tried and true” sayings to frame their opinion columns. One of these sayings is, “May you live in interesting times,” supposedly a translation of a traditional Chinese curse. The saying is used ironically, in that “interesting times” are times of trouble and difficulty.
