Adaptability: A Key Characteristic of a Successful Industry 4.0 Firm

11. Apr. 2018 , , , News, News & Commentary   0 comments

by Kevin Madden With the global economy in the preliminary stages of Industry 4.0, what a true Industry 4.0 company will look like is still being determined. However, it is almost certain that the firms poised to succeed in this new environment will be adaptable. Adaptability is an underlying theme of a recent report by Deloitte Insights …

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Ontario 360: Manufacturing Sector – Transition Briefing

10. Apr. 2018 , News, News & Commentary   0 comments

“Ontario 360, housed at Toronto’s School of Public Policy and Governance (SPPG), is releasing 30 daily “transition briefings” by a wide range of policy experts on a comprehensive set of issues facing Ontario’s next government.” One of the 30 “transition briefings” has been contributed by Trillium’s Network for Advanced Manufacturing deputy directors Paul Boothe, David …

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Lean Manufacturing

06. Apr. 2018 , , , News, News & Commentary   0 comments

by Breenda Shah What is Lean manufacturing? Lean manufacturing aims to maximize value for customers and minimize waste through continuous improvements in the production process. ‘Value’, as defined here, refers to any action or activity a customer is willing to pay for. ‘Waste’ refers to any part of the production process that has no added value. …

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Industry 4.0

28. Mar. 2018 , , News, News & Commentary   0 comments

by Breenda Shah What is Industry 4.0?    First came the steam-engines in the 1800’s that entirely transformed the textile industry and improved transportation. Next was the introduction of electricity, assembly line and mass production allowing the mechanization of factories. The third industrial transformation came with the introduction of computers and robotics. Machines and robots are replacing …

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The Response of Educational Institutions to Industry 4.0

21. Mar. 2018 , , , , News, News & Commentary   0 comments

By Jonathan Soriano What is Industry 4.0? Industry 4.0 embodies the integration of real time data analytics into the end-to-end manufacturing production process. This integration allows all parties involved in production to access the data and respond immediately. The result is an interconnected, automated manufacturing process that allows increased product customization. Productivity is also improved because …

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Blockchain and Advanced Manufacturing

13. Mar. 2018 , , , , News, News & Commentary   0 comments

by Kevin Madden You would be hard-pressed to find a person interested in business and technology who has not at least heard the term ‘blockchain’.  It was first introduced in 2008 by a figure named Satoshi Nakamoto as the technology behind the now world-famous cryptocurrency, Bitcoin. While its most significant application has been in the …

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