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Price Downturn Leads Shale Producers to Greater Efficiency

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.

Industry 4.0 and the Smart Shop Floor

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.

Energy Industry’s Up-and-Down Cycle Continues

The energy industry is often at the forefront of our minds as we watch fuel prices climb and then celebrate when they come down. We continually find ways to be as energy efficient as possible in our homes and workplaces. Media outlets keep us constantly informed of this often-volatile industry’s ups and downs.

Digital Tool Management: Multiple Concepts Begin to Converge

The focus on digitalization in design and machining has highlighted the importance and advantages of more sophisticated digital tool management (DTM) systems. While this has generated a great degree of differentiation, and some confusion regarding a generally accepted system definition, it has resulted in the evolution of objectives and capabilities that are both more comprehensive and more customer-centric.

SME to deliver third digital transformation report at IMTS

Throughout 2018, SME has published a series of Smart Manufacturing Industry Reports, with the third being released at IMTS this month. The reports, available at sme.org/reports, detail the necessity and advantages of smart manufacturing, the challenges to implementing digital solutions, and, finally, keys to implementing the technologies and tools.

Africa as the ‘Next Growth Miracle’

One of the fastest growing automotive markets in the world is India, and one of the most successful companies there is a company called Maruti Suzuki. Maruti formed a partnership with Suzuki in the 1980s.