Manufacturing

The 2021 State of Manufacturing Report from Fictiv, conducted with Dimensional Research and released this past April, states that the industry “already is quickly rebounding from the severe disruptions brought on by the COVID19 global pandemic, with new investments in digital transformation aimed at improving speed, resilience and sustainability.”

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The concept of smart manufacturing, including the many technologies and solutions that transform and
optimize manufacturing, isn’t new. It’s been around for more than two decades. However, even with its relatively mature status, many manufacturers nd it to be a target that remains beyond their reach.
One might want to blame the continually evolving technology landscape, which requires regular evaluation and investment, or the reliance on old ways of doing business that still serve some manufacturers reasonably well.

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The factory of the future represents a transformation from traditional automation to fully connected and flexible system using streams of data from connected operations. Production environments learn and adjust to new demands. Here is a framework of six key steps to guide you along that journey, regardless of a plant’s current maturity level.

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The journey toward smart manufacturing through digitalization can seem overwhelming when we find ourselves mired in too many parameters and variables to analyze and simply too much data.
Big Data gets bigger and soon we are swimming in our own data lake!
Often there are self-doubts as to the direction we are going, and we tend to have second thoughts about the end results. It starts to feel like we are boiling the ocean, especially if the results are not promising.

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The Fourth Industrial Revolutionis upon us. It addresses manychallenges and mitigates risksfacing all manufactures today whilecreating new ways to generate revenueand win. Simply put, Industry 4.0 marries the best practices of traditionalmanufacturing and the technologicalworld. It makes use of smart equipmentand automation that analyze, monitor,self-diagnose and communicate withother machines and human coworkers.With evolving and complex supplychain needs, and rising pressures onprice, quality and delivery lead times,the transition to an Industry 4.0 environment surely is accelerating.

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For media inquiries, contact IoTco marketing team at (513) 813-8777 or media@iotco.com.

January 2019

Press Release: IoTco and Predictronics Announce Strategic Partnership to Drive Digital Transformation Powered by Predictive Analytics