Smart Manufacturing On A Shoestring

Data Determines Adaptive Manufacturing Destiny
Last week’s announcement by automotive parts supplier Schaeffler of plans to cut 4,700 European manufacturing jobs was just the latest in a string of similar news pointing to a growing crisis within the European manufacturing sector. Rising costs, falling sales, and increasing global competition mean that Europe’s manufacturers must adapt to technology budgets that are, in real terms, hardly growing. My colleagues Bernhard Schaffrik, ...