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With a shortage of young workers willing and able to do today’s factory jobs, manufacturers are taking steps to retain the older workforce already punching in.

When drilling a well, clearing a forest or excavating a building site, experienced operators count on their toughest equipment to help them get the job done.

After petroleum prices collapsed in the mid-2010s, shale oil and gas producers responded to the down-swing by borrowing techniques and technology from the energy sector’s offshore well operations, manufacturing, and even the medical industry to increase efficiency.

Cofounder Johannes Trabert, who lives a poetic life in the Thuringian Forest, says the future will be focused on ‘the clever share of work’ between humans and robots.

The industrial revolution of today, called Industry 4.0, is driven by the interconnectedness of advanced technology, automation, robotics, and real-time data, also called the Internet of Things (IoT). While these cyber-physical systems can autonomously exchange information to trigger actions and make decentralized decisions, it’s impossible to dismiss the importance of the human element in manufacturing.

Road to maturity involves safeguarding supply chains, treating security with the same urgency as safety, for starters.

If you look at all the companies that were on the Fortune 500 list in 1990, “a very large percentage of them are not there anymore,” David Brousell, executive director of the Manufacturing Leadership Council, told people attending his talk on “Manufacturing 4.0” at Oracle’s recent Modern Business Experience conference.

On-time delivery (OTD), a measurement of the level of finish goods or services delivered when promised and in full, is a signal of efficiency that reveals how well operations is doing.

In the manufacturing industry, the importance of metrology, or the science of measurement, is often underestimated. However, inspection is critical for ensuring products work and operate safely.

In the 1955 short story “Autofac,” Philip K. Dick envisioned a world dominated by self-replicating robots that work incessantly, eventually depleting the planet’s resources.