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What is tribal knowledge and why should a company care? It is valuable, exclusive information stored only inside someone’s mind and communicated only verbally (if at all). The “someone” may have played an important role in an organization for decades and knows a thing or two that the company treasures yet cannot duplicate.

The value-add of blockchain for businesses is estimated to grow into the trillions by 2030. Experts believe product recalls alone—estimated to cost $8 million today—could be practically eliminated through improved track and traceability enabled by blockchain.

Gear maker Osvald Jensen knew it needed to speed up work and improve its performance and productivity by shaving seconds off its run time while ensuring round-the-clock up-time on its machinery.

Convergence-enabled cyberattacks—where criminals exploit traditionally isolated operational technology (OT) devices through their new connections to the IT network—may be motivated by the desire to hijack and demand ransom for services, steal trade secrets through industrial or national cyberespionage, or commit cyberterrorism or engage in cyberwarfare.

There is an ever-increasing demand for the individualization of products from today’s consumer. When consumers are able to get exactly what they want (shape, size, color) they are more satisfied and more likely to do repeat business. But how do you scale custom part production?

The Pittsburgh region is a hotbed of activity in robotics and AI. This activity includes research and technology companies that commercialize academic research and solve real world problems.

Connected manufacturing and digitization technologies are spurring many of the major innovations in CNC machine controls that help machine shops cut metal and create parts as quickly and efficiently as possible.

Blockchain technology is becoming a key player in modernizing supply chains to enable easy tracking, automate transactions and delivery, and build end-to-end trust, Chandra Narayanaswami, principal research staff member, Member IBM Academy of Technology at IBM Research, told people attending a smart manufacturing session at the MD&M West conference here last week.

Metalworking technology manufacturer Prima Power (Turin, Italy; Arlington Heights, Ill.) announced the opening of a new site in Seinäjoki, Finland. Finn-Power Oy—the company of Prima Industrie Group manufacturing Prima Power turret punch presses, combined machines, and systems—relocated its manufacturing plant and Tech Center previously sited in Kauhava into a new facility in Seinäjoki.

Indianapolis-based Hurco introduces the Hurco MAX5 control with the new 3D Import feature that includes 3D DXF technology. This control feature allows the user to simply load the file they receive from their customer directly into the Hurco control.