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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.

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.

As additive manufacturing (AM) moves from prototypes to mass production, manufacturers are setting their sights on the holy grails—the products and processes that will be game-changers. Many game-changers are already in play.

The well-established field of laser marking continues to break new ground with expanding business opportunities in automotive, oil and gas, medical and other industries.

There is no shortage of competition in a global market. As a manufacturer trying to get ahead of the pack, automation can help with problems like a limited skilled labor force, quality control issues and suboptimal throughput. But the high initial cost and extended implementation time can be deterrents.

Earlier this decade, the auto industry moved to lighten cars and trucks. It was supposed to be a competition between steel, long the dominant vehicle material, and aluminum. The latter got a boost when Ford Motor Co., Dearborn, Mich., bet big on aluminum, making aluminum bodies for its F-150 and Super Duty pickups.

In the age of Industry 4.0 and the digital thread, computer-aided design (CAD) data exchange should be open and seamless because it happens daily in a multi-tiered supplier ecosystem and so much interoperability depends on it. But we are not there yet.

Listen up, major manufacturers and CAD vendors: You’ve got the whole world in your hands—the world in this case being the vision of the digitally connected enterprise and cyber-physical ambitions for Industry 4.0.