Dr Veronica Martinez from the Institute for Manufacturing (IfM) at the University of Cambridge, working with Caroline Burstall and Andrew Noblett at Caterpillar, has used a pilot project to show that blockchain can deliver significant supply chain benefits.
Matthew Wells took to the main stage at Manufacturing Leaders’ Summit 2019 to discuss how manufacturers are already optimising their activities using industrial data – delivering productivity gains that support their sustainability, financial and operational goals.
Upcoming developments such as AI and deep learning, internet of things-enabled equipment and augmented/virtual reality might be revolutionary - but the high cost of entry means they are off limits to most medium manufacturers for now.
How do organisations achieve digital transformation and high levels of automation without neglecting the need to deliver instant profitability? How is it possible to keep employees fully engaged and on-side through the transition to smart technologies?
Digital twins enable organisations to develop an overarching digital model of their production process, from initial developmental stages through to the subsequent manufacturing and distribution stages.