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Factory safety is not a theoretical issue for Gabe Glynn, CEO of the wearable tech firm MākuSafe.

Managing sensor performance has become a must-have for manufacturers. The advent and rapid adoption of IoT technology, enabling smart manufacturing systems, has created a two-fold scenario. Intelligent systems at once provide for near-real-time systems monitoring and create a new prediction problem.

Manufacturers are facing shrinking product lifecycles with frequently changing customer demands. As a result, they need agile production and flexible factory layouts that can easily be modified whenever needed.

Cyber criminals are increasingly setting their sights on today’s digitized manufacturing industry as an entry point into government and commercial supply chains.

As with any digital transformation process, the devil is in the details, and there are many potential pitfalls that can derail projects.

Most companies do not have a clear strategy for how they are applying IoT, Mark Weatherford, former Deputy Under Secretary for Cybersecurity at the Department of Homeland Security, said at an exclusive roundtable Smart Manufacturing convened recently in Chicago.

There’s growing evidence that some of the moldmaking business that fled the U.S. chasing cheaper sources offshore is returning. Moldmakers are not finding enough of a favorable cost differential to offset poor mold performance and the need for rework of faulty molds.

For machine shops in a competitive global marketplace, keeping spindles running and making product is the only way to stay in business. Still, adding a new piece of equipment, even with the promise of improving the efficiency of your existing ones, may be a difficult sell to management.

We all know the buzzwords circulating around digital data and the factory. You have heard them—Industry 4.0, smart factories, data analytics, and artificial intelligence (AI). The question we all have is how will this impact workers in the long term? What do these terms really mean? Nevertheless, both traditional software suppliers and makers of advanced manufacturing equipment are offering digital solutions.

With much faster processing speeds and higher quality, you might think laser welding would quickly take over the field. But traditional welding hangs on. And depending on who you ask and what applications you consider, it may never go away.