Management

Financing your next machine tool

Manufacturing and millennials

U.S. Manufacturers' slow walk to Industry 4.0

A Boston Consulting Group survey finds that US companies consider digital technologies a priority, but that many manufacturers feel no urgency and have no strategy to implement them. For example, nearly 90% of manufacturing leaders regard adopting new digital industrial technologies as a way to improve productivity, but only about one in four see opportunities to use these advances to build new revenue streams.

$1.5 million Cloud-based Machine Monitoring Research Project to Begin

Penn State reports that it will team with researchers and analysts from Case Western Reserve University, the GE Global Research Center and Microsoft on a $1.5 million collaborative research project to develop a cloud-based wireless sensing and prognostic system for monitoring manufacturing machinery. The initiative will make it possible for such a system to detect early signs of wear, aging and fault conditions in the machines.