In one remarkable case , speaker Vivek Saxena of FactoryTwin discussed how the integration of IoT sensors into their clients ’ production line had transformed their operations . These sensors collected real-time data for factory analytics , increasing cash flow by 50 percent and increasing inventory turns from 2.5 to 3.75 in six months . This represented one of many use cases that support the adoption of this technology in manufacturing .
The Symbiosis of Community and Technology
What truly sets manufacturers up for long-term competitiveness is the symbiotic relationship between community collaboration and technology adoption .
Manufacturers need to work collectively to leverage technology effectively . Collaborative communities are uniquely positioned to share knowledge , pool resources , and together invest in technology infrastructure .
The conference highlighted instances where manufacturers in a community have collectively invested in research and development to create custom technology solutions . This approach allows them to tailor technology to their specific needs , ultimately leading to enhanced competitiveness .
Furthermore , the collaborative spirit within these communities often extends to the sharing of technology-related knowledge and expertise .
This culture of continuous learning and improvement is vital for adapting to the ever-changing technological landscape . Manufacturers who actively participate in such communities find themselves better equipped to harness the full potential of new technologies .
Sustainability and Resilience
In today ’ s manufacturing environment , long-term competitiveness is not solely about profit margins ; it ’ s also about sustainability and resilience .
Manufacturers that focus on these aspects are better positioned to withstand economic downturns , environmental challenges , and disruptions in the supply chain .
42 NORTHWEST AEROSPACE NEWS