The AGMA Board of Directors conducted Strategic Initiatives in 2016. Part of this work included looking foward to emerging technologies to understand where gearing may be heading and to be ready for disruptors.
AGMA has selected four areas to focus:
Additive Manufacturing (AM) is a term used to describe the technologies that build 3D objects by adding layer upon layer of material. These printers use various materials including, but not limited to, plastic, metal, concrete, and human tissue.
Types of processes include:
Robotics are utilized widely in major manufacturing plants around the globe. Japan is the current leader in industrial robotics. But as the price of equipment gets more and more affordable, its use will increase. And it will move into the medium-sized and even small companies.
The Industrial Internet of Things (IIoT) promises to integrate humans and intelligent machines along horizontal and vertical supply chains, delivering a host of improvements to productivity and reducing costs. The technology is part of the wider development of the ‘Internet of Things’ (IoT) – a movement which, according to McKinsey & Company, could add an additional $11.1 trillion per year in economic benefits to the global economy by 2025.
Extensive research is being conducted to find alternatives to steel and other, heavier, metals. Research and development crosses the spectrum of materials sciences, but for the purpose of this report, we have limited the findings to superalloys and what we will term “Nanomaterials” (as there are many terms currently being used). And this will be defined as the work that is being done at the molecular level to create new, lightweight, corrosion-resistant materials, or to enhance currently existing superalloys.
Superalloys are being used in commercial manufacturing — especially aerospace and automotive. Nanomaterials are still mostly in the research phase.
John Brandt, CEO, MPI Group presentented the findings of his most recent study at the AGMA/ABMA 2017 Annual Meeting.
What a Difference a Year Makes: Manufacturers Around the World Are Now Profiting from the IoT. (Are You?)
Highlighting how the best manufacturers are investing in IoT. (Dowload the Executive Summay for free here)
The Internet of Things has Finally Arrived
The MPI 2015 Internet of Things Study was designed to evaluate the readiness of U.S. manufacturers to incorporate smart devices and embedded intelligence within their plants and processes. We’re particularly interested in executives’ plans to improve business performance via the Internet of Things (IoT) — and for developing and selling products with embedded intelligence. The study looks deeply into how manufacturers will leverage IoT capabilities, along with the challenges they face.
The MPI Internet of Things Study was conducted by The MPI Group, and sponsored by Rockwell Automation, QAD, and BDO. In August and September 2015, 350 manufacturers participated in the study.