A funny thing happened on the way to writing this blog—Additive Manufacturing (AM) has grown up. Now, some may rightly say that AM has been around for decades. And it has. But there can be little doubt that the reach and scope of AM, or 3D printing, now touches virtually every aspect of industrial and, indeed, human activity. Certainly, Deloitte’s 3D Opportunity collection of thought leadership bears this out in the vast scope and depth of its coverage. And, of course, one can also point to any number of widely available metrics that makes clear AM’s remarkable strides—from number of patents to AM system revenues to how common the term “additive manufacturing” now appears in Google searches compared to just a few years ago.
American public perception of manufacturing, and where Americans see the manufacturing sector is headed, is optimistic. That’s according to a recent study conducted by Deloitte, the National Association of Manufacturers, and The Manufacturing Institute.1
The manufacturing industry is changing rapidly, as the convergence of the physical and digital worlds propel an exciting evolution. 3D printing (or additive manufacturing) offers bold, flexible new ways to create sophisticated goods. Products with built-in sensors linked to the Internet of Things offer long-term insight into product performance and opportunities to reinvent customer relationships. And artificial intelligence and machine learning are shifting some of the more repetitive tasks to computers, informing better decision making by human workers and freeing up time for more creative work.
By Sean Peasley
In a recent Cyber risk in advanced manufacturing1 study Deloitte conducted in collaboration with MAPI, we found that the lack of skilled talent in the cybersecurity function represents a significant challenge for manufacturers, especially for midsize companies ($500M-$5B in revenue). Additionally, we found manufacturing executives taking part in the study indicate that four of the top ten cyberthreats facing their organizations are directly attributable to internal employees. These threats include: phishing/pharming, direct abuse of IT systems, errors/omissions, and use of mobile devices.
Manufacturing DaySM, an annual celebration of modern manufacturing designed to link manufacturers, students, educators, and their communities, awaits just around the corner on October 6. In recognition of this ambitious event that’s grown by 1000 percent since its introduction in 2012, let’s take a closer look at a recent study by Deloitte, The National Association of Manufacturers, and The Manufacturing Institute1 on the perception of manufacturing.
For many brands, from apparel to automakers, “Made in the USA” has long been a source of pride and differentiation. Americans continue to hold the US manufacturing industry in high regard. In fact, according to a study by Deloitte, The National Association of Manufacturers, and The Manufacturing Institute, manufacturing is viewed as very important to America’s economic prosperity (83 percent), standard of living (81 percent), and national security (62 percent).1
By Sean Peasley
The manufacturing industry is vulnerable. Nearly 50 percent of executives surveyed in a recent Cyber risk in advanced manufacturing1 study Deloitte conducted in collaboration with MAPI indicate they lack confidence their company’s assets are protected from external threats. Additionally, 48 percent of cyber risk executives surveyed believe while senior management is committed to improving the company’s cyber-risk profile, obtaining adequate funding to support key cyber initiatives such as risk assessment, data protection, cyber threat monitoring, incident response planning, and employee awareness remains a significant challenge.
By Joe Mariani
A prosecutor stands before the defendant accused of price fixing and gouging consumers. She forcefully argues that the defendant did “knowingly and intentionally defraud his customers.” To which he only replies, “Prove it.” This may seem like nothing more than a bit of bravado from a bad courtroom melodrama, but in the current digital age – the 4th Industrial Revolution – it may actually take on greater meaning for businesses and all of us.
By Joe Mariani
Excerpt: Businesses need to keep pace with technology developments to stay competitive.
In today’s environment of technology-driven change, businesses have a vital need to know what the next technologies will be. The sooner a company knows what technologies are coming, the sooner it can begin to build business models and strategies to take advantage of them. New technologies can emerge from any number of sources, from the military to a student’s dorm room. But many of the cutting edge advances that will likely drive future change are also currently experiments in the labs of computer scientists. This blog will highlight two such research advances which point towards the future of the Internet of Things (IoT) and all of the industries that it touches.
One question I get a lot focuses on the difference between Industry 4.0 and the Internet of Things. “Aren’t they the same thing?” Well, they are and they aren’t. The Internet of Things is a construct by which objects are connected and made smarter. Industry 4.0 connotes the fourth Industrial Revolution, in which this interplay between digital technologies and the physical world is scaled to an industrial level to enable connected production, supply chains, business operations, and beyond. In essence, it’s a scaled up, amped up, industrialized version of the IoT—which is why Industry 4.0 is also known to some as the Industrial Internet of Things.