If You Are Not in the Next Space, You Are Out of Business

From your local machine shop down the road to the multinational conglomerate in the skyscraper in the city center, enterprises are racing to adopt emerging industrial technology. Gone are the days of making fixed investments into equipment and operating it the same way for decades. Today’s equipment is dynamic. Additive manufacturing printers now learn “to watch the manufacturing process and then correct errors in how it handles the material in real-time” while machine-side simulator applications are reducing setup time and preventing scrap through the use of digital twins. New algorithms are materializing to improve fulfillment planning and predict remaining useful life of machines. What’s most astounding is the breadth of adoption of these technologies across both small and mid-size enterprises and large companies. This week’s newsletter highlights a variety of technology themes enabling the next generation of manufacturing businesses.