Innovation is critical to the manufacturing industry. But how does an idea evolve from inspiration to execution? Sometimes it’s a mystery, sometimes pure luck—and sometimes an idea comes to fruition via a carefully orchestrated process with many individuals participating, each person playing a vital role. What can you do to create an environment that’s conducive to creative thinking and encourages your people to act on those ideas?

A collaborative robot (cobot or co-bot) is a robot designed to work alongside human workers in a shared workspace. On the contrary, industrial robots typically operate autonomously and with little physical interaction with humans. The role of cobots in the Industry 4.0 will only get bigger.

The APEJ region (Asia Pacific excluding Japan) is expected to spend US$125.4 billion on robotics in 2022, tripling the spending in 2017, with a compound annual growth rate (CAGR) of 25.7 per cent from 2018 through 2022. APEJ is currently the largest robotics market and poised to account for more than 62 per cent of the global robotics spending in 2022, according to the research firm IDC.

Innovation is a central component of the manufacturing industry. It can take many forms and address many functions. It can be a simple tactic for improving shop floor operations. It can be a concept for a new type of product or service. It can be a revolutionary approach that completely disrupts the way you do business.

For manufacturers, one of the top priorities is to maximise the machinery life cycle. As sudden machinery breakdowns can lead to downtime and expensive reparation. Consequently, manufacturing businesses have to look for a solution to reduce the maintenance cost and increase the equipment uptime and availability.

A digital twin is a virtual replica of a real (physical) object created by the data collected from sensors embedded in that object. The digital twin, therefore, provides a real-time digital representation of the object.

The development of the Industrial Machinery and Equipment Manufacturing industry is in the midst of being shaped by the emerging industry trends. Today’s manufacturers have to meet their customers’ expectation of providing unique capabilities, precise specifications and constant accuracy in their products. It's critical for industry professionals to work out a clear definition of what they are, how they will evolve, and how they can boost the company's operations both now and in the future. 

For a company located at a single site, the decision to upgrade or transition to a new financial management solution is relatively straightforward. Organisational systems and employees are all conveniently located under one roof, and the decision-making process is a linear journey.

Birst’s Connected Data Prep empowers business people to access and prepare data with a user-friendly, visual experience that eliminates the need for complicated scripting. Not only that, with Connected Data Prep you can network your analytics with data from colleagues, other departments, or your IT organisation, enriching your insights for smarter, more trusted decisions.