SMART Manufacturing is the Future for Small and Medium-Sized Manufacturers
Manufacturing is evolving and your business needs to evolve too. The fourth industrial revolution has arrived as manufacturers meld new technologies such as the Internet of Things (IoT), robotics, virtual reality (VR) and artificial intelligence (AI) into their business strategies. SMART manufacturing – Sense, Measure, Analyze, Report and Train – will be an integral component of this strategy.
“Integrated advanced sensors, controls, platforms and modeling makes Smart Manufacturing possible.”
It is estimated that SMART manufacturing will generate $371 billion in net global value over the next four years by streamlining design and manufacturing processes and managing supply chain risks. By not moving forward, you may be leaving your business behind.
Fortunately, you don’t need to be a big company to realize the benefits of moving to a SMART manufacturing process. However, in order to be effective, people, processes and technology need to be in balance and working together. Other key components of a SMART manufacturing solution include:
As small and medium scale enterprises embrace the changes brought about by smart manufacturing and the digital revolution, they need to be careful about why, how and where they house sensitive personal data, and proprietary and financial information. A Price WaterhouseCoopers (PwC) recent security survey found that small firms, with annual revenues less than $100 million, cut security spending by 20% in 2014, while medium – those with revenues of $100 million to $999 million – and large companies increased security investments by 5%. Small businesses may be making an expensive mistake as the average cost of a firm’s worst security breach is rising significantly. For small businesses, the worst breaches cost between $95,000 and $155,000 on average. In addition, a report from McAfee found almost 90% of small and medium-sized businesses in the U.S. do not use data protection for company and customer information, and less than half secured company email to prevent phishing scams. With that being said, SMMs may be able to improve their security without breaking their budget. For example, SMMs that outsource to the cloud gives them orders of magnitude better resiliency and security.
A simple way to increase security is to have employees follow some basic rules like:
The Texas A&M Engineering Extension Service (TEEX) Cyber Readiness Center offers a variety of Cyber-Physical Security training opportunities. Please visit their website to see the complete course catalog.
The purpose of this assessment is to produce a snapshot of your company’s Smart Manufacturing (SM) status. With the introduction of new technologies and the use of restructured business processes, SM will be the backbone to improve effectiveness and efficiency and spur business growth.
Once you complete your assessment, it will be analyzed and a customized response will be created for your company.
Manufacturing USA brings together industry, academia and federal partners within a growing network of advanced manufacturing institutes to increase U.S. manufacturing competitiveness and promote a robust and sustainable national manufacturing R&D infrastructure.
Learn more about Manufacturing USA at https://www.manufacturingusa.com.
The Clean Energy Smart Manufacturing Innovation Institute (CESMII) is the ninth manufacturing Insitute awarded under the Department of Energy.
Smart Manufacturing (SM) enables all information about the manufacturing process to be available when it is needed, where it is needed, and in the form it is needed across the entire manufacturing value-chain to power smart decisions. Islands of efficiency become interoperable, networked, and resilient solutions to drive transformational manufacturing enterprise performance for any size, level of technical sophistication, or resource availability at lower cost.
Learn more about CESMII at https://www.cesmii.org/