Industrial internet of things applications are leading to better collaboration, faster problem-solving and increased productivity, according the boss of Rockwell Automation.
Blake Moret, president and CEO of Rockwell, spoke on internet of things adoption and its impact on industrial productivity, sharing insights with more than 1,200 business leaders at Cisco’s IoT World Forum.
Forecast of $20.59 billion investment in manufacturing IoT by 2021 as British growth in production relies on manufacturing
UK manufacturing contributed to a 1.1 percent increase in total production between November and December 2016, according to the latest Office for National Statistics figures published today.
These latest figures come amongst the highest levels of optimism seen in the sector since June 2015.
Yet as the weaker pound continues to be a double-edged sword for British industry, the manufacturing sector must become a priority area for innovations that will help UK businesses to compete globally, says systems integrator World Wide Technology.
Open markets and global trade have been blamed for job losses over the last decade, but global CEOs say the real culprits are increasingly machines.
And while business leaders gathered at the annual World Economic Forum (WEF) in Davos relish the productivity gains technology can bring, they warned this week that the collateral damage to jobs needs to be addressed more seriously.
The pristine island of Sri Lanka with its serene Buddhist culture will make way for a technology pit-stop for one of the world leaders in the concept of collaborative robotics.
Universal Robots, which claims to have pioneered collaborative robots or “cobots” as they are sometimes called, has launched its machines into the Sri Lankan market and talked about the availability of this technology to various industries.
The event was attended by the key stakeholders that define this technology, including the general manager of the company in the India and Sri Lanka region, and a host of other dignitaries representing the government and customers. Continue reading Universal Robots launches in Sri Lanka
ABB will deliver over 250 robots to Valmet Automotive for use at its Mercedes-Benz GLC SUV body shop in Uusikaupunki, Finland. Production of the GLC sport utility vehicle will begin in early 2017.
This is the largest contract for industrial robots ever signed in Finland. Valmet Automotive’s total number of ABB robots will double to more than 500. The recently announced new production line is a greenfield project, which consists of the main lines and sub-assembly cells.
The additional robots will boost the Finnish automotive supplier’s flexible manufacturing allowing it to enhance its operations by improving productivity and shortening lead-times.
John Mitchell, business development manager at CP Automation, examines the essence of lean manufacturing
European manufacturers are estimated to spend over €400 billion every year on maintenance activities. Studies show that about 30 per cent of failed machinery can be repaired at half the cost of buying replacements, which suggests a potential 15 per cent saving. John Mitchell, business development manager at CP Automation, discusses the issues that stop manufacturers cutting costs and improving productivity – the essence of lean manufacturing.
Perhaps the first thing manufacturers should consider when addressing efficiency is keeping assets low.Manufacturers can easily eliminate excess inventory from their books, and thus get better return on net assets,simply by not purchasing the inventory until it’s needed. Methods of achieving this include Just in Time (JIT) inventory management, which is also sometimes called the Toyota Production System. Figures suggest thiscould result in a 60 billion saving in plants across Europe.