Manufacturers raise investment in next-gen tech, survey says

Dustin Walsh for Crain's Detroit Business:  U.S. manufacturers are rapidly boosting investment in advanced digital technologies, according to a survey to be released Monday by Troy-based technology business association Automation Alley.  The survey coincides with the association's 2017 Technology Industry Outlook event on Feb. 13 at the Detroit Institute of Arts. Nearly 400 manufacturing and technology business leaders are expected to attend.

According to the survey, 85 percent of U.S. manufacturing executives responded they plan to increase existing budgets for new technologies, with nearly a third planning to increase budgets by up to 15 percent.  More than half of the respondents said they have a dedicated budget to technologies described as Industry 4.0, with the top three being cloud, cybersecurity and data analytics.  Cont'd...

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The Wire Association International (WAI), Inc., founded in 1930, is a worldwide technical society for wire and cable industry professionals. Based in Madison, Connecticut, USA, WAI collects and shares technical, manufacturing, and general business information to the ferrous, nonferrous, electrical, fiber optic, and fastener segments of the wire and cable industry. WAI hosts trade expositions, technical conferences, and educational programs.