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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.

Reducing the risk of automotive defects is one of the most critical issues facing manufacturers today – to protect the well-being of consumers, as well as their own reputations and financial health.

Before we delve into what’s ahead in the automotive industry for 2019, first let’s look at what is not going to happen this year. Autonomous vehicle technology – although it’s devouring a lot of venture capital money – is not going to be the next big thing in automotive, with a few caveats.

In the end, neither Ford Motor Co. nor FCA US LLC could resist a move General Motors Co. made last year. As a result, the era of monthly vehicle sales reports — at least among U.S.-based automakers — will soon end.

With the rapid evolution in engine and powertrain technology occurring in the market today, it is imperative for production machine suppliers to respond to the changing needs of their customers without sacrificing the core concepts of quality and service.

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.

For years, manufacturers of all sizes and across every industrial segment have heard about Industry 4.0. The definition changes depending on the speaker or publication, but the essential idea remains the same.

We try to provide interesting, useful and challenging information each month for our readers and help them navigate the ever-changing world of machining and manufacturing.