And a look back at what we did in 2017
It was a good year for manufacturers who improved their operating procedures.
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.
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