Modern Machine Shop

DEC 2017

Modern Machine Shop is focused on all aspects of metalworking technology - Providing the new product technologies; process solutions; supplier listings; business management; networking; and event information that companies need to be competitive.

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32 MMS December 2017 DECIDING FACTORS A Focus on Data-Driven Manufacturing from scratch, and offered simple solutions and valuable tips on how to begin. Vimana summarized three main takeaways from the event: 1. Moving to digitalization to create the digital factory is an imperative. • It's here now, and growing exponentially. • Within five years, the digital factory will be widely adopted. • Early adopters will stay in business and gain a competitive advantage. 2 . T h e r e a s o n s f o r d i g i t a l i z a t i o n a r e compelling. • The move improves profit. It will grow revenue and reduce operating costs. It is likely to achieve an average 3-perent boost in incremental revenue on each machine. This increase alone justifies the technology investment. • The return on investment (ROI) is quick. The investment can be recouped in as few as six weeks M O D E R ATO R M A R K A LB E RT, m a l b e r t @ m m s o n l i n e.c o m Keep up with Machine Shop Digitalization This panel of digital manufacturing experts presented ideas and advice to provide a better understanding of the impact of digitalization on machine shops and manufacturing companies. S andvik Coromant recently hosted a round- table discussion of machine shop digitaliza- tion led by a panel of digital manufacturing experts at the Center for Manufacturing Innovation in Greenville, South Carolina. Those panelists included representatives from Vimana, GE Power, Cisco, Sandvik, Okuma, Microsoft, Mastercam, Rockwell Automation, MakeTime, Praemo and the Com- monwealth Center for Advanced Manufacturing. Vimana, which was represented on the panel by William Sobel, the company's chief strategy officer and co-founder, is a software and services provider that offers operational transparency to help manufacturers improve efficiency, quality, cycle time, cost reduction and responsiveness to customers. It reported that the panel went into detail on what it means for manufacturers to go digital. In the course of the discussion, the panelists reviewed the difficulties of starting digitalization

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