Manufacturers still haven’t reached the expected levels of success with Industry 4.0. Companies that jumped at the promise of Industry 4.0, adopting new technology and connecting more devices, did so without defining goals for these projects.
The U.S. is on its way to becoming a manufacturing powerhouse again, but the White House can do even more by pushing the industry to digitize operations.
Even early adopters of advanced manufacturing technologies are just starting to develop strategies. Implementation will require considerable time, resources, and commitment.
Laser micro-cutting can increase precision and enable contactless cutting for machines, leading to higher-quality products.
Manufacturing has been in the middle of the outbreak of the coronavirus (COVID-19) from the start. The impact is expanding as the virus spreads.
Additive manufacturing (AM) once was called “rapid prototyping.” Its earliest forms made prototype parts—and nothing else. However, manufacturers were intrigued by the prospect of using it to make cost-effective metal parts in production. That day is here.
What do you think of when you hear the word factory? Probably some huge space, with machines humming and personnel walking around with notepads in their hands.
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.
