Start driving decisions with machine data.
Categories:

    'Industrial internet of things', 'cloud computing', 'MTConnect', and 'big data' are a few terms manufactures are increasingly seeing in industry magazines and hearing at trade shows. The manufacturing industry has always been slow and thoughtful when it comes to adopting new technologies. Equipment is expensive, payback periods long, and employee training barriers stymie implementation. New technologies are often fragmented and proprietary, forcing users to wait and see which technology providers look like they will survive for the long term and support their products.

    Because of the above reasons, and many more, the manufacturing industry is known to have a 6-10 year technology adoption and upgrade cycle. In contrast, the consumer electronics industry adopts and upgrades on a less than 2 year cycle.

    Despite the long adoption cycles being based in reason, these market forces are killing our industry. Great companies are formed out of great new technology ideas and products – but no startup can survive a 6-10 year wait. Other industries with faster adoption times are teeming with new ideas, businesses, and markets. Silicon Valley is an example of the logarithmic growth an industry can see when it's so easy for a new company to sell its crazy and innovative products to new customers.

    Without risking our livelihoods, how can we make the manufacturing industry an easier place for new technologies to flourish? Standardization. Just as tool taper standardization helped the industry test and adopt new tooling technologies with low monetary risk, data standardization will help us do the same with new software. Easy shop monitoring, predictive maintenance, easy robotic integration, smart just-in-time manufacturing systems and countless other technologies are in reach.

    Data standardization is already with us in the form of MTConnect, an open standard for gathering data from manufacturing equipment.

    Look for our next blog post on how exactly MTConnect can help your shop. In the meantime, check out the awesome resources on MTConnect.org!

    -Eric Fogg, MachineMetrics COO

    Comments

    Leave a comment

    Subscribe to our mailing list

    Related posts

    What is the Difference Between MTConnect and OPC UA?

    What is the Difference Between MTConnect and OPC UA?

    The need for technical standards that harmonize the process of data transfer across manufacturing shop floors has been the topic of discussion for quite some time now. This is because of the diverse e...

    MachineMetrics
    Operational Efficiency and a Holistic View of IIoT: Part 2

    Operational Efficiency and a Holistic View of IIoT: Part 2

    To fully understand what Industrial IoT can do for operational efficiency, one must take a holistic view of its benefits.  As previously discussed, Industrial IoT involves the connectivity of all aspe...

    MachineMetrics
    Improving Operational Efficiency with Industrial IoT: Part 1

    Improving Operational Efficiency with Industrial IoT: Part 1

    The last two and a half centuries have brought about stunning changes in industrial productivity.  With each passing generation, new and more advanced equipment and methodologies have arrived on scene...

    MachineMetrics
    MachineMetrics is Honored in Built In Boston’s Prestigious Best Places to Work List in 2020

    MachineMetrics is Honored in Built In Boston’s Prestigious Best Places to Work List in 2020

    Boston, MA, January 13, 2020 — MachineMetrics today announced it was included on Built In Boston’s list of Best Places to Work in 2020. "It is such an honor to be recognized as one of Built In Boston’...

    MachineMetrics
    MachineMetrics named 2020 Smart Manufacturing Company of the Year

    MachineMetrics named 2020 Smart Manufacturing Company of the Year

    Northampton, MA, January 4th, 2020 – MachineMetrics, a leading data analytics platform for manufacturers, announced today that it has been selected as winner of the 2020 “Smart Manufacturing Company o...

    MachineMetrics
    A New Hope for Manufacturing's Platform Problem

    A New Hope for Manufacturing's Platform Problem

    The Industrial Internet of Things (IoT) space is hot right now, as manufacturing represents perhaps the largest greenfield opportunity left for digitization. Yet, IoT platform implementations have his...

    MachineMetrics
    Data tells a story; are you ready to listen?

    Data tells a story; are you ready to listen?

    While many of us are starting the new year resolving to transform ourselves by hitting the gym, eating better, and spending less money, manufacturers have the onus of a far more important transformati...

    MachineMetrics
    Finding the Right Cloud Solution for Manufacturers

    Finding the Right Cloud Solution for Manufacturers

    As more and more manufacturers begin digital transformations to take advantage of emerging technologies within Industry 4.0, choosing the right cloud-based solution is critical.  Not only is each prod...

    MachineMetrics