Items Tagged with 'data analytics'

Microfactories are not just smaller replicas of mega-factories. They operate with radically different assumptions. Data is real-time and transient, not batch-processed. Production is modular, not linear. And, decision-making is distributed, not centralized.

During the ASSEMBLY Show, Russ Hughes, product marketing manager at Desoutter Tools, joined ASSEMBLY Audible to discuss his company’s new tightening platform, AXON.

U.S. manufacturing executives remain moderately optimistic about the year ahead, despite persistent challenges such as inflation, supply chain disruptions, and tariff pressures. 

Manufacturers can use AI and analytics to base production on real-time consumer demand and feedback.

In January, the World Economic Forum added 17 manufacturing facilities to its Global Lighthouse Network. Two of the new Lighthouse facilities are in the United States: the Novelis aluminum factory in Uhrichsville, OH, and Nucor Corp.’s steel mill in Sedalia, MO.

A new type of database can facilitate cost-saving activities, such as predictive maintenance.

NEW YORK—The American Society of Mechanical Engineers has launched a series of free courses that delve into various Industry 4.0 topics.

NEW YORK, NY— By the end of this decade, manufacturers worldwide will generate 4.4 zettabytes of data. Many organizations currently lack the expertise needed to leverage this massive influx of data fully, resulting in inefficiencies and revenue losses of hundreds of millions of dollars annually.

Not all organizations have the resources, capital or talent required to deploy smart factories.

TUVE, Sweden—Every time an assembler uses an electric fastening tool at the Volvo Group truck factory here, the data from the operation is logged and stored. Engineers are now using that data to increase quality.