Recently, the article “Making IoT Pay in Manufacturing” in Forbes caught my eye with a few interesting statistics from a recent study:
71% of manufacturers say IoT will have a significant impact or some impact on their business over the next five years (24% and 47% respectively)
Yet 24% have no company wide understanding of IoT.
While the majority of manufacturers see the value of IoT, there’s a significant knowledge gap in how to best plan for and capitalize on these technologies.
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Tags: Cisco, CiscoMfg, Digital Manufacturing, Digital Solutions for Industries, Digital transformation, IIPA, Industrial IoT, Industrial IP Advantage, IoT, Manufacturing, Panduit, Rockwell Automation
What are the secrets to a successful digital transformation? We’re exploring that in our Going Digital podcast hosted by Peter High, President of Metis Strategy, Author and Keynote Speaker. Peter recently interviewed Gus Shahin, the Chief Information Officer and Senior Vice President of IT at Flex (formerly known as Flextronics) to understand their success. Note – this transcript has been edited due to space limitations.
Flex manages supply chains and manufactures products for companies – from large OEMs like Cisco to startups. They procure, manufacture, distribute, and repair products for their customers with about 100 factories in 40 countries.
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Tags: Business Trends, connected factory, Connected Futures, digital, Digital Manufacturing, Factory, innovation lab, Internet of Everything, IoE, IoT, IT collaboration, Manufacturing, podcast, supply chain
Manufacturers are challenged with how to start digitizing their factories. Many have told me it is not inertia or budget holding them back, but being overwhelmed or unsure of where to start. Yet the value that awaits them is great – connected factories can boost profits by up to 19 percent (according to our latest Manufacturing Thought Leadership Study).
To help manufacturers navigate the complexity, I hosted a #CiscoChat with Brandon Lackey, Manufacturing Vertical Business Development Manager at Cisco, and Lorenzo Veronesi, Analyst at IDC. We discussed the benefits of a connected factory, the roadblocks manufacturers face, and how to take the first step. Many industry thought leaders and luminaries joined us and it made for an animated discussion.
If you missed the chat, the full recap is here, and I will share with you a few of the highlights:
We kicked off the chat by asking: How are manufacturers making factories more connected and intelligent?
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Tags: Business Trends, ciscochat, connected factory, Digital Manufacturing, Factory, Internet of Everything, IoE, IoT, Manufacturing, Social Chat, social media
A new year- and time for new initiatives and a chance to fast start your competitiveness as a manufacturer. According to our recent Manufacturing Thought Leadership Study, digital manufacturers who have connected their factories and production facilities are driving up to 19% more profits (over 10 years) than their ‘unconnected’ counterparts.
What are some of the issues holding manufacturers back from undertaking networking and automation, wireless or security initiatives in their factories? Many have told me it is not inertia or budget, but sometimes being overwhelmed and unsure of where to start. In today’s typical factory , there are so many “things” to connect (including machines, robots, sensors and more) as well as processes to allow manufacturers to reap benefits and address challenges that more traditional models and operating practices were not able to do. The challenge is identifying and prioritizing what area to tackle first.
We all know that major gains in overall equipment effectiveness (OEE), reduced downtime, and manufacturing flexibility can be achieved with a factory that is digitized and connected. By providing visibility to machines and processes, Read More »
Tags: @CiscoEnterprise, Accelerator bundles, Business Trends, ciscochat, connected factory, Industrial Internet of Things, Internet of Everything, internet of things, IoE, Manufacturing, Social Chat, social media
Machinery, supply chains, and raw materials have always been core concerns in manufacturing. Today, another asset is just as critical — data.
General Electric Chairman and CEO Jeffrey Immelt said it well: “The industrial world is changing dramatically, and those companies that make the best use of data will be the most successful.”
I certainly agree. If manufacturers want to gain the agility, innovation, and hyper-awareness needed to compete and win, they must start thinking like technology companies. That means leveraging data — and the real-time insights derived through analytics — in impactful new ways.
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Tags: 3D printing, analytics, asset utilization, cloud, computer numeric control, connected machines, connected supply chain, cpg, end users, industrial machine builders, internet of things, IoT, machine as a service, Manufacturing, OEE, overall equipment effectiveness, plant efficiency, predictive maintenance, quality control, remote maintenance, rfid, robotics, servitization, thought leadership