Traditionally applied to business functions, analytics have begun to play a more strategic role in helping OEMs and auto companies drive greater innovation, gain a competitive advantage and improve profitability.
Smart manufacturing, which encompasses the Industrial Internet of Things but also much more, is providing many opportunities for improving manufacturing.
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Meeting recently in Frankfurt, Germany, the committee responsible for industrial automation and control system (IACS) security standards reviewed current concepts and worked to advance continuing development.
Mixed signals from leading economic indicators make it hard to predict when deceleration in the U.S. economy will abate, but positive signs lead ITR Economics to maintain its positive outlook for the economy in 2016.