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11 07, 2023

AI in Manufacturing: What Your Machines Can Teach… Your Other Machines

By |2023-07-11T16:40:52+00:00July 11th, 2023|Artificial Intelligence, Innovation, Next Generation Manufacturing|Comments Off on AI in Manufacturing: What Your Machines Can Teach… Your Other Machines

What’s the role of artificial intelligence (AI) in Industry 4.0? It’s not easy to answer. AI isn’t a single technology; it’s better described as a broad field of inquiry into the development of machines that solve problems normally solved by human intelligence (along with problems we can’t solve!). For Industry 4.0, the AI innovation with the most impact (so far) is machine learning (ML). What is ML? ML algorithms create models based on historic data that return accurate predictions when given new data. “Machine learning is not intelligence in the true sense,” says Scott Genzer, data scientist at RapidMiner, [...]

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14 03, 2023

Digital By Choice – or Chance? An Interview with John R. Brandt.

By |2023-03-14T05:16:49+00:00March 14th, 2023|Benchmarking, Innovation, Internet of Things, Interview, John R. Brandt, Manufacturing|Comments Off on Digital By Choice – or Chance? An Interview with John R. Brandt.

MPI Insight: John, you work with manufacturers around the world on digital transformation. What surprises you about what you're seeing on the ground? John: Digital transformation has been one of the fastest management revolutions we've seen in manufacturing. MPI started studying Internet of Things (IoT) and Industry 4.0 adoption among manufacturers in 2015 — because 46% of US manufacturers told us in another MPI study that they had never heard of an IoT strategy. What happened next was incredible: In just three years or so, we went from almost half being unaware of IoT to significant percentages of manufacturers [...]

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20 02, 2023

The Top Four Digitization Opportunities for Manufacturers in 2023

By |2023-02-21T17:11:36+00:00February 20th, 2023|Benchmarking, Innovation, Internet of Things, Manufacturing|Comments Off on The Top Four Digitization Opportunities for Manufacturers in 2023

Nearly 100 manufacturers have completed the Digital Transformation for Manufacturers (DTM) online assessment, a free benchmark comparison tool that enables manufacturers to measure the digital maturity of their organizations and helps them to identify opportunities for digital transformation and profits. The data points to four critical opportunities for manufacturers: #1. Business Strategy Only 31% of manufacturers completing the Assessment have digital strategies even partially implemented. Deploying a well-designed strategy is a critical first step on the digital transformation journey. #2. Network Infrastructure Manufacturers are recognizing that legacy networks and IT equipment and systems may not be up to Industry [...]

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17 10, 2022

The New Math of Manufacturing

By |2022-10-17T16:23:46+00:00October 17th, 2022|Innovation, Next Generation Manufacturing, Strategy|Comments Off on The New Math of Manufacturing

Come with me, for a moment, to the plant floor of the well-respected (albeit fictional) drill manufacturer, Grunnings. Plant Manager Vernon Dursley is evaluating his energy costs — and finds the recent increases to resemble nothing so much as bad witchcraft. As his complexion turns an unpleasant shade of purple, his Assistant Manager chimes in: “Look, it’s painful, but energy is overhead — we just have to bite the drill bit and write a check.” And so it was, for a couple hundred years (more or less). Energy costs were an unfathomable, seemingly unfixable drain on profits. It could [...]

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