In the first two posts in this series, we looked at some of the surprising ways the extended global automotive industry is transforming into a new mobility ecosystem and offered a glimpse at one way we might use that ecosystem for faster, safer, cleaner, and more efficient travel.
I recently coauthored a Cyber risk in advanced manufacturing1 study with the Manufacturers Association for Innovation and Productivity (MAPI) and my colleagues Sean Peasley, Partner, Cyber Risk leader for Consumer and Industrial Products, and Ryan Robinson, Director, Industrial Products and Services Research Leader, Deloitte’s Center for Industry Insights. We collaborated with MAPI and Forbes Insights to study the current state of cyber risk in advanced manufacturing, anticipate emerging risks associated with new technologies, and identify leading practices manufacturers can adopt to face these risks head-on and become more secure, vigilant and resilient. To inform the insights we conducted 35 live interviews, held an innovation lab, and in collaboration with Forbes Insights, collected 225 survey responses.
Hype and heightened expectations about how Industry 4.0 can help chemicals companies accelerate business growth and optimize operations is prompting executives to think through the advanced technologies they could implement within their company and with their partners in the value chain.
For quite some time, we’ve been following the many ways in which 3D printing has entered our lives. More and more we see companies using AM technologies to make products stronger, smaller, faster, better, or cheaper. In terms of industry applications, at a basic level, AM is helping people build a car and a home. More notably, the technology is helping to save lives. Here we present five of the noteworthy developments in additive manufacturing so far.
Advancing AM technologies–improving existing technologies or developing new ones
In the past year, several AM technologies were developed in conventional and hybrid manufacturing that promise to improve product quality and could lead to cost savings in the coming years. Continue reading “Additive manufacturing: where it’s been, where it’s going”
Posted by Michelle Drew Rodriguez
Today’s manufacturing is increasingly driven by advanced technology and innovation–in some places, the most advanced, where the digital and physical worlds have fully converged. Manufacturing is a central part of our lives and more essential than ever to economic competitiveness and national prosperity. But today, we face an increasingly competitive global environment where America’s technology and innovation leadership faces fresh and persistent challenges.
Figure 1: Advance manufacturing industry facts
In the United States, advanced industries represent 17 percent of GDP. They are a catalyst for innovations that increase productivity and profit margins across the entire economy. They’re a source of high-skill, high-paying jobs—since 1975, average wages in US advanced industries have increased five times as much as in industry overall. And for every job created in technology-intensive manufacturing, 16 additional jobs are created. Today, advanced industries employ and support 40 million workers. These industries elevate an entire nation’s standard of living and generate the high-tech exports that drive a nation’s ability to compete globally.
High-tech manufacturing fuels innovation. Twenty-first century manufacturing competitiveness has brought the digital and physical worlds into full convergence and today advanced hardware meshes seamlessly with advanced software, sensors, big data, and analytics. The result? Not only smarter products and processes, but also more closely connected customers, suppliers, and manufacturers. In the United States, advanced industries employ 80 percent of the engineers, generate about 85 percent of new patents, perform 90 percent of private-sector R&D, and account for 60 percent of all exports.
Continue reading “Why advanced manufacturing matters”