Embrace technology to gain competitive advantage
Many manufacturers today are getting caught on the wrong side of a technology adoption wave that is quickly gaining momentum, according to a recent study by the Aberdeen Group that PLANT ENGINEERING readers participated in. Of the more than 200 surveyed manufacturers 54% are planning on adopting Manufacturing Intelligence systems within the next 24 months. Additionally, 56% of manufacturers having already implemented manufacturing execution systems did so within the past two years.
Moving forward, it is important that manufacturers embrace technology in order to either solidify or gain competitive advantages. However, in the many fast paced, low-margin, environments that make up the manufacturing industry it is crucial that manufacturers do not adopt technology for technology’s sake.
For the complete study, click here .
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey