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When considering a new robotic automation system, one of the biggest concerns can be the weight of the initial costs. While such a large capital expense may be hard to swallow at first, it’s industry-proven that manufacturers see an average ROI of 24 months from robots.

Named the next phase in the digitization of the manufacturing sector by McKinsey & Company, Industry 4.0 is sweeping through manufacturing—combining connectivity with computational power and data for unparalleled capabilities. Here are three ways Industry 4.0 is forcing manufacturers to rethink one key metric: their lead times.

When additive manufacturing first hit the market, some said it would eventually be the death of traditional, or subtractive, CNC machining. More than 30 years later, new machines are showing additive manufacturing as it really is—a complementary technology.

With the September issue, Smart Manufacturing introduces Collective Intelligence, a new initiative under which we gather experts in one room to go deep on one important topic. We focused this first roundtable on the intractable problem of the workforce skills gap.

A new report urges the United States invest in emerging manufacturing technologies, saying the private sector can’t preserve US manufacturing by itself.

Manufacturers continue to be bombarded with an onslaught of technology terms, as well as different ideas on where to begin and how to proceed. This confusion has slowed the adoption of new technology. Yet a big opportunity for a huge increase in efficiency awaits.

It’s a familiar scenario at the factory. Quality issues have reared their ugly heads, requiring rework, causing backorders, delaying shipments, and driving tense daily customer calls. Meanwhile, the team works to address production issues using a mix of day-old post-mortem reports, shop-floor observations captured on notepads, and other operational data summarized on spreadsheets and sticky notes.

In today’s booming software landscape, you see highly dynamic teams quickly iterating to develop and improve their products. Yet while the world’s software creators have learned to “move fast and break things,” hardware developers are still (slowly) moving to adopt a more agile product development methodology.

Oerlikon and Boeing to create standard processes for 3D-printed structural titanium aerospace. Five-year agreement supports creation of standard titanium additive manufacturing processes. Boeing has 50,000+ 3D-printed parts on commercial, space and defense products flying today.

For many years, the knowledge economy and traditional industries like manufacturing appeared to be on parallel tracks. Now those tracks are converging.