Today, survival of the fittest is linked not to size or strength but to the ability to change — to move quickly, adapt, seize opportunities, and be agile. In addition, competition has never been higher in…
Manufacturers on a small and large scale are facing the unique position of maintaining production while quickly adapting to new protocols and policies that promote the health and safety of employees on the operating floor. The…
Manufacturers today face a highly competitive environment with rising costs of materials and resources. The nominal price of steel, for example, has increased by 167% since the turn of the century while energy costs have climbed more than 2.5…
While the value of IIoT is clear, it is still not widely adopted. The World Economic Forum reported in 2017 that 85% of potential IIoT assets remain unconnected. This number of disconnected assets can be attributed…
Smart manufacturing systems are designed and deployed under the assumption that they will be isolated from both the outside world and the rest of the corporate network. On one hand, this does not necessarily mean that…
It’s estimated that IoT applications in operations optimisation have the potential to create value of $1.2 to $3.7 trillion per year in the factory setting in 2025. Manufacturers and equipment builders are in a position to jointly create…
There are an endless number of buzzwords in the technology industry at any given moment. We’ve all heard more than enough about the Cloud, the Edge and the Internet of Things (IoT) for the past several…
“Accelerate Industrial,” a recent research by Intel, represents the most comprehensive view of Industry 4.0, the digital transformation of the manufacturing sector. The research uncovered a serious skills gap that most Western industrial production training programs and government…
It is probably (hopefully) very clear to most manufacturers by now that not implementing some type of IoT or cloud strategy is really not an option in todays world. Not having a cloud strategy is not…
Prior to taking important financial decisions, it is common practice to investigate current tools and make some calculations to find out alternatives with the best returns on investment. Though deep analyses are not always made, fundamental…
We are all experiencing the impact of the digitalization. Name any tech buzzword – be it artificial intelligence, Fourth Industrial Revolution (4.0), big data, Internet of Things (IoT) – and you will see a ripple effect…
It’s a very simple equation. If your equipment isn’t working, neither are you. That’s why downtime is one of the biggest expenses incurred by any manufacturing operation. When your production line is stopped for any reason,…