And a look back at what we did in 2017
The Macola 2017 Business and Technology Report, highlighted in an article from Plant Engineering content partner MSI Data, noted that it was a good year for manufacturers who improved their operating procedures.
MSI’s article noted that the Macola report found 77% of respondents boosted their revenue by automating core functions; 34% of these companies earned 20% to 40% more revenue last year, while 67% earned less than 20% more.
For those who remain stuck in current practices, Mrinal Gokhale of MSI Data had some specific warnings—not from an operational perspective, but from a business angle. “For years, technology has been a profit booster (and challenge to implement), and will keep evolving,” she wrote. “And with the Internet of Things (IoT) disrupting the industry, there may come a day where manufacturers must use connected machines just to survive in the market.”
Bob Vavra is the content manager for Plant Engineering.