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What a difference a month makes. In a survey by the Manufacturing Advocacy and Growth Network (MAGNET) in February, only 24 percent of Ohio manufacturers said innovation was a priority.

If Industry 3.0 is identified by the computerization of factory floor processes to make them “smart,” then Industry 4.0 can be understood as the expansion of the idea to include all of the non-factory floor inputs required to produce a quality product and a successful enterprise.

Amid predictions of global economic slowdowns and several recent PMI readings indicating manufacturing contraction, it becomes easy to see how slow production performance and data inefficiencies throughout the manufacturing supply chain contribute to economic uncertainty and concerns for future business.

Had IMTS 2020 taken place as scheduled, it would have been clear that making parts as quickly and cost-effectively as possible remains as the primary goal in manufacturing.

New system detects process anomalies during metal cutting in machine tools.

Manufacturers make strategic and operational decisions with digital production data and analytics, including information ranging from part counts and output speeds to machine conditions and alarm status.

CESMII project calls target development of core smart manufacturing technologies and solutions

Because of governments’ undying devotion to research and development investments that bolster military capabilities, aerospace & defense represents the leading-edge market segment in smart manufacturing.

As manufacturers aim to become increasingly nimble in the marketplace,distributed manufacturing—making parts or finished products at or near the location where they will be used instead of at a central factory—is emerging as a way to advance a faster, more flexible and cheaper supply chain.

What do you think of when you hear the word factory? Probably some huge space, with machines humming and personnel walking around with notepads in their hands.