Earlier this week we shared the conclusions of the McKinsey Report, which concluded that it may be possible for U.S. manufacturing to grow by 20 percent and add more than 2 million jobs by 2025. That was the good news. It can only happen, however, if manufacturers embrace Industry 4.0 technology. The Integr8 conference in Detroit showed how to get started.
In the digitized manufacturing world being born, the product that a job-shop produces is less a piece of engineered metal and more a piece of intellectual property. So said Tom Kelly, the executive director and CEO of Detroit’s Automation Alley. That difference brings risks but also unprecedented opportunities for those who are ready.
A report from global cybersecurity company Kaspersky Lab, Woburn, Mass., found that in the first half of 2017, manufacturing was the industry most susceptible to cyberthreats, with the industrial control system computers of manufacturers accounting for almost a third of all attacks.
The mood of MFG Day, the annual celebration of U.S. manufacturing that took place Oct. 6, doesn’t cease after the plant tours and information sessions end and the participating students, parents and educators head home.
A survey designed to assess manufacturers’ preparedness for Industry 4.0 changes polled 537 manufacturing executives across eight industry segments. The vast majority of manufacturers surveyed have recognized the need for industrial transformation, with most already taking action. Those that have done so say they are already seeing benefits as a result.
The toii Platform, created by thyssenkrupp Materials Services GmbH, is said to effectively communicate with a wide array of systems and devices that will help fulfill the promise of the industrial internet of things (IIoT).
A new report from Kaspersky Lab found that in the first half of the year, the manufacturing industry was the most susceptible to cyberthreats – with the industrial control systems (ICS) computers of manufacturing companies accounting for almost one third of all attacks.
The October 2017 Machinist's Corner column explains the “eight wastes of lean,” for which there is an acronym known as DOWNTIME: Defects, Overproduction, Waiting, Nonutilized talent, Transportation, Inventory, Motion and Extra processing.
