The average cost per company for this cybersecurity issue? $8.86 million annually. Like many industries, manufacturing is becoming more digitized and automated, with companies consistently creating new technology to stay one step ahead of competitors. This type of innovation can reap many... Continue Reading
The challenge of finding a black spot on a black background—and how solving this will cause a paradigm shift. I remember my first interaction with machine vision. It was exciting, because I had this image of all the things you’ve seen in the movies. I always remember the scenes in... Continue Reading
Data is a crucial component of digital transformation in the manufacturing sector. In fact, it lies at the foundation of every digital initiative. However, data in itself is not a value driver. It must be put to use. In general, manufacturing operations collect more than enough data to form a... Continue Reading
At some point in our lives and our leadership, we all experience insecurity, and when we act out of that insecurity we tend to behave badly. Sometimes harming our relationships and reputation in the process. Especially for leaders, insecurity affects not only ourselves but also those around... Continue Reading
MTI is pleased to announce a special offer by our official sales forecasting partner, ITR Economics, on two special webinars in June and July. These webinars will provide you great insight into the growth of the 2020’s and the recession ITR feels is coming in the 2030’s. ... Continue Reading
With change happening so fast in the marketplace, MTI has made an increased effort to help keep members informed on key developments that can impact various aspects of your business. Since one of the keys to making great decisions in today’s business climate is immediate information, MTI... Continue Reading
Five key competencies of digitally mature organizations serve as a good base for making sure you’re prepared to take advantage of the technologies available. For decades, manufacturers have driven continuous improvement and quality management programs based on Lean, Six Sigma, or overall... Continue Reading
When salespeople become managers, they often do a horrible job. Four key steps can help them—and all soon-to-be managers—make the shift, says Frank V. Cespedes. This sad scenario plays out at many firms: Top-performing salespeople get promoted to become sales managers, but... Continue Reading
You’re probably familiar with the old adage of the iron triangle: given the choice of cheap, fast, or well done, you can only have two. It’s a multiple-choice test that rears its ugly head in the daily operations of organizations of any significant size. You’ve probably even... Continue Reading
The technology will revolutionize manufacturing, but how? United Technologies, GE, and Honeywell are taking different approaches. Like the cotton gin and the modern assembly line, 3D printing is the kind of breakthrough advancement that holds the promise to revolutionize manufacturing. The... Continue Reading
With interconnected supply chains, a hack on one supplier can jeopardize an entire business. Supply chain technology is advancing quickly, but are cybersecurity systems keeping pace? The answer is a resounding no. Given the interconnected nature of the supply chain, a hacker can knock out one or... Continue Reading
It's not about housekeeping. 5S improves your workplace environment for better control, productivity, and safety. What if you could spot abnormalities in your work environment in 30 seconds or less? Or you knew where your tools and other instruments were at all times because they had a specific... Continue Reading
