From Fab Lab Yachay: This year’s Hannover Messe trade show marked a positive turning point for global manufacturing. US President Barack Obama met with German Chancellor Angela Merkel to open the show as the USA became the event’s official partner country for the first time in its history.
Obama’s attendance at this event sent out a clear message to the industry: Europe can be recognised as the lifeblood of global manufacturing once more.
In the ‘Fourth Industrial Revolution’ – or ‘Industry 4.0’ as it is commonly known – those businesses that thrive and remain competitive will be those that realise the true potential of technology to power their business forward.
The manufacturing industry is not exempt from this, and new business models must be engineered around enhanced software programming, customer demand and production speed.
The industry is already experiencing a renaissance – fuelled by advancements in innovative technologies – but this approach must now enter the mainstream.
With digital technologies transforming the market, there has never been a better opportunity for businesses to invest in advanced manufacturing processes in which software and hardware converge to create rapid production times and to meet all-important customer demand.