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The 70-acre Hitachi campus in Norman, Okla., where Michelle Mertens serves as IT director for Hitachi computer products employs just 400 people. And while that pales in comparison to the more than 700 people Hitachi employs in Asia, her factory led a worldwide initiative under which Hitachi unified its shop floor systems.

What is good about inventory? Being able to find a part when you need it. What’s not so good about inventory? Where to even start…

With additive manufacturing (AM) as an established part of many companies’ product development and manufacturing processes, there has been a greater understanding of the technology’s technical and business advantages. With that, more users are benefitting from lighter and more durable parts, increased design freedom and on-demand part production.

Unplanned downtime and production loss due to equipment failure is one of the leading losses for manufacturers. Most shops perform maintenance on a fixed schedule or on failure. This means a machine will be maintained regardless of how often it is used and unexpected breakdowns will stop production.

New systems, software and processes are replacing so-called islands of automation with seamless, automated manufacturing lines that boost overall equipment effectiveness (OEE) from 30 to 80% or more.

Smart wearable tools are setting the tone with Industry4.0 for Italy’s auto factories of the future in today’s Maserati plants. Developing and using technology within today’s Smart Factories is providing a level of intra-connectivity that is changing the very framework of modern manufacturing.

The next cycle of technology disruption is upon us. Artificial Intelligence (AI) is taking hold in every industry and manufacturing is no exception. AI enables companies—from medical device and electronics manufacturers to pharmaceutical firms—to leverage their Big Data and IoT investments to see new patterns and insights and to perform tasks more efficiently and quickly than ever before.

Smart manufacturing is about making the best decisions in the shortest time possible based on the most accurate real-time data—whether those decisions are made by people, machines or cyber-physical systems.

Remember the boy with endless learning capacities in the 2001 film “AI Artificial Intelligence”? He’s quickly coming to life. Today, AI is no longer fictional; it’s reality.

Nearly a year ago, the world became aware of a new computer virus known as WannaCry. Many institutions were affected by the ransomware. It encrypted and locked a Microsoft Windows computing system and demanded payment.