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.
One of the reasons the aerospace industry is so often talked about in trade journals is that it lives on the edge of new manufacturing technology development.
Imagine hearing the news that manufacturers are producing a proven and safe vaccine for COVID-19 and shipping it your way. It will be music to the world’s ears.
Automated manufacturing operations are finely tuned ecosystems in which all components must function in complete harmony. Grippers used to pick and place, orient and hold components or end products at various points along the production chain are key to this process.
The low temperature intrinsic to solid-state printing processes allows manufacturers to weld layers of dissimilar metals without fear of metallurgical incompatibility issues.
It’s easy to become dazed by the continuing stream of buzz words. For those of us in manufacturing, all this buzz creates a sense of impending change, but no clarity on what that change might be. Uncertainty means anxiety.
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.
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.
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.
