Hey everyone, welcome to another Week in Review brought to you by Authentise.
Within the manufacturing industry it’s not always easy to spot the next transformative trend. Within the industry 4.0 we still have lot of ground to cover but the direction is clear: less human employment, higher throughput and much smarter management and upkeep. Nonetheless there are many who sweep the news under the rug and foresee more jobs coming in the near future or dismiss entirely the possibility of such a scenario to be of import to them.
We make the case that industry 4.0 is not only coming, it’s already here. What we once achieved with 25 employees we now do faster with 5. The sheer volume of data that we gather from our manufacturing operations is making it impossible to address it any other way. Let’s embrace the new technologies that will make our business perform better and faster and prepare the next generations to think of manufacturing in terms of interconnectedness and data.
Here are some news to pique your interest.
Manufacturing Jobs Aren’t Coming Back
Pundits will debate the wellsprings of Donald Trump’s election triumph for years. The decades-long decline of U.S. manufacturing employment and the highly automated nature of the sector’s recent revitalization should also be high on the list of explanations. The former is a source of the working-class rage that helped get Trump elected. The latter is the main reason Trump won’t be able to “make America great again” by bringing back production jobs. Employment in the sector plunged from 18.9 million jobs to 12.2 million [in the last 30y]… More generally, the “job intensity” of America’s manufacturing industries—and especially its best-paying advanced ones—is only going to decline. In 1980 it took 25 jobs to generate $1 million in manufacturing output in the U.S. Today it takes five jobs.
Read the full article at MIT Technology Review.
IIoT: From Chaos to Order
Beth Comstock, vice chair at GE, recalled a time not so long ago when corporate executives smirked at the concept of the business value of streaming media. They laughed at the idea of exchanging “analog dollars for digital pennies”. But that’s exactly what happened in television as the industry reshaped itself around the streaming concept and, as a result, digital pennies became digital dollars. This same shift is coming to industry, Comstock said.
Keep reading here.
GE Additive to invest $10 million in two educational programmes
GE Additive have today announced a $10 million investment across five years in two educational programmes aimed at developing future talent in additive manufacturing. The additive specialists believe enabling educational institutions to provide access to 3D printers will help accelerate the adoption of additive manufacturing worldwide. “We want to build an ecosystem that drives additive manufacturing across multiple industries,” said Mohammad Ehteshami, Vice President of GE Additive. “GE is committed to this space for the long-term. A new world is coming and we want future generations to have exposure to it from an early age.”
Read more at TCT Magazine.
Also, check out the HUGE 3Diax Manufacturing Execution System announcement we made this week!