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LIFT recently expanded the focus of its desire to “create innovations faster, better and cheaper” to the materials, processes and systems involved in moving innovations from concept to commercialization.

Like the United Nations’ international delegates who use interpreters to understand each other, robots, machines and other industrial components from various vendors speak different computer languages and need translators to help them communicate.

The current COVID-19 experiences have energized many conversations about our futures in the post-COVID world, and that includes the future of manufacturing.

Long gone are the days where the only solution to human error was human correction. As engineers today, we have access to smart technology that no other generation could have ever imagined.

To get to smart manufacturing, the industry needs integration, simulation and analysis.

Risk-management technology is beginning to help manufacturers cope with the supply-chain upheaval caused by the COVID-19 pandemic, said Thomas Derry, CEO of the Institute for Supply Management: “We are a lot better at managing risk than even 10 years ago.”

Cascadia Capital said it is launching one of the nation’s first emerging growth investment banking practice groups dedicated to Robotics, Automation, and Artificial Intelligence (RAAI).

Mazak Optonics has confirmed expansion plans for its North American headquarters in Illinois.

COVID-19 has taught manufacturers a valuable lesson: when humans fall ill, machine tools and equipment sit idle. Granted, they already knew it, just as they knew that employees take lunch breaks and vacations, arrive late because their car won’t start, and go work at the shop down the street for fifty cents more an hour.

Manufacturing engineers, information technologists, and “smart” robots in flexible manufacturing cells are working ever more closely in manufacturing companies around the world.