Software

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.

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.

A look at "how manufacturers make the most of machine data" in CIO magazine goes over the challenges as well as the benefits of using ERP. A major source for the article is Magnus Wiktorsson, professor of production systems at Mälardalen University in Sweden. Wiktorsson outlines four key challenges for companies looking to digitize their manufacturing processes, which are worth reading.

To spur significant innovation and growth in advanced manufacturing, as well as save over $100 billion annually, U.S. industry must rectify currently unmet needs for measurement science and "proof-of-concept" demonstrations of emerging technologies. This is the overall conclusion reached by economic studies funded by the National Institute of Standards and Technology (NIST) of four advanced manufacturing areas used to create everything from automobile composites to zero-noise headsets.