Microsoft and Tenova (Techint Group) have launched an integrated system based on advanced technologies in an effort to help iron and steel manufacturers boost performance, competitiveness and data-enabled insights.
Smart technologies are becoming increasingly ubiquitous in our day to day lives. From smartphones to smart homes, the dramatic increase in power and sophistication of technology is opening up new technological frontiers and promising endless possibilities for the development of many different industries, particularly manufacturing.
Contrary to popular speculation that robots could take British jobs, new data exclusively shared with The Manufacturer has revealed that the majority of industry professionals (63.3%) have never witnessed job losses as a result of the introduction of robots or automated processes.
Recent forecasts (Hatch Consulting Group) estimate that global demand for steel could grow by a third – nearly 500m tons – by 2030, mainly driven by construction, infrastructure, automotive, energy and capital goods. So why do we hear so much negative news about this vital industry, and how can it return to profitability?
It is a formula as old as business itself – the bribe, the backhander that greases the wheels of commerce. Rolls-Royce has recently learned to its great cost, however, that nowadays it is also a ticket to massive fines and reputational damage.