Chiefs hold back on smart factories after backlash

Peggy Hollinger for Financial Times:  General Electric, one of the world’s biggest industrial companies, estimates that digitising industrial machinery, networks and processes will not just bring down the costs of manufacturing. The data it generates will open new business opportunities, such as optimising maintenance schedules for customers or improving the design and quality of products. The resulting “industrial internet”, GE argues, has the potential to deliver global productivity improvements that could add $10tn-15tn to global GDP over 20 years.

No manufacturer can ignore the coming revolution. Yet many, in developed economies at least, are wary. A backlash against globalisation, fuelled by decades of decline in America’s rust belt and the erosion of blue-collar jobs, has already upset the status quo in the US, where Donald Trump’s protectionist slogans helped him to win the White House.
Almost half the 1,370 chief executives questioned in PwC’s annual Global CEO survey published this week fear that this latest industrial revolution will feed further distrust among their companies’ stakeholders — whether they be investors, employees or the wider public.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Zaber's X-LRQ-DE Series: High Precision Stages with Built-in Controllers and Linear Encoders

Zaber's X-LRQ-DE Series: High Precision Stages with Built-in Controllers and Linear Encoders

Zaber's X-LRQ-DE Series of linear stages have high stiffness, load, and lifetime capabilities in a compact size. The integrated linear encoder combined with stage calibration provides high accuracy positioning over the full travel of the device. At 36 mm high, these stages are excellent for applications where a low profile is required. The X-LRQ-DE's innovative design allows speeds up to 205 mm/s and loads up to 100 kg. Like all Zaber products, the X-LRQ-DE Series is designed for easy set-up and operation.