According to the International Labour Organization (ILO), workplace accidents result in 330,000 deaths every year. At the same time, the U.S. Bureau of Labor Statistics reports that fatal work injuries are on the rise in the United States. These unfortunate statistics highlight the need for a robust safety strategy. Environmental, Health, and Safety (EHS) software has emerged as a promising technology to reduce employee risks. Safety managers in industries such as oil & gas, chemicals, mining, automotive manufacturing, and steel production are especially interested in EHS software solutions, given the hazardous nature of their work environments. These companies require safety-related data to be easily accessible for further analysis. As a result, potential sources of accidents get evaluated, staff are alerted proactively of these dangers, and the overall number of incidents can be reduced.
The International Manufacturing Technology Show (IMTS) 2024 marked another milestone in innovation, with exhibitors showcasing advancements across robotics, Artificial Intelligence (AI), data integration, cloud computing, and more. The usual big names were there to show the world what they’ve been up to, but they were accompanied by smaller startups hoping to make a big splash. The technological breakthroughs on display in Chicago this year embody the innovative spirit the manufacturing industry requires to address an aging workforce, increased demand, and supply chain complexities.
Working in a competitive industry demands that you become a data-driven organization. As a technology solution provider, effectively leveraging data can unlock significant advantages, such as driving market expansion and fostering innovation. Unfortunately, all too many companies lack an analytical approach to decision-making.
As the manufacturing landscape continues to evolve, companies are increasingly looking toward technology to bolster their operations and overcome emerging challenges. To better understand the attitudes, adoption rates, and pain points manufacturers have regarding technology, ABI Research conducted The State of Technology in the Manufacturing Industry survey.
ABI Research forecasts that aerospace manufacturers will spend US$33.6 billion on digitalization in 2024, ballooning to US$53.8 billion by 2034. This increase in digital spending represents an enormous opportunity for technology suppliers to offer solutions that can increase production volume, reduce carbon emissions, provide operational visibility, and test new product designs. The Dassault Systèmes, PTCs, and Siemens of the world will be critical facilitators of digitalizing aerospace operations, enabling firms to optimize their entire value chain and meet surging demand.
Industry 4.0 is being fully embraced by manufacturers worldwide as enterprises aim to automate production tasks and gain clearer visibility into operations. Although manufacturers have used digital technologies for years, connectivity and technological maturity have only recently reached a point where more sophisticated solutions can be implemented.
ABI Research will attend the Hannover Messe 2024 exhibition in late April to evaluate the most transformative technologies shaping the industrial markets. This article shares our analysts' predictions for the event. Before we get to those expectations, here is a word from ABI Research Chief Research Officer Stuart Carlaw.
Every week, countless technology stories emerge across industries around the world. However, identifying and reading each development can be challenging while balancing your other day-to-day tasks. But if you want to stay ahead in your industry and evaluate the most promising technology solutions for your organization, it’s vital to keep up with the latest and greatest tech.
Although we are out of the vise grip of the COVID-19 pandemic, manufacturers continue to face immense challenges, notably labor shortages, regulatory shifts, trade disputes, supply chain complexity, etc. To help address these challenges, industrial and manufacturing companies are investing in digital transformation. Digital transformation is in full swing in numerous manufacturing sectors, including semiconductor, automotive, mining, pulp and paper, cement, metalworking and machine tools, and many more industries. ABI Research covers the latest technology trends that will determine the fate of manufacturers’ digitalization journey.
Digital transformation is in full swing in the mining industry. Most of the top mining companies are searching for talent with experience in technologies like data analytics and Artificial Intelligence (AI). The search for tech talent stems from a wave of challenges that cast doubt on the future of mining and metals operations. Mining firms realize that in the face of macroeconomic uncertainty, geopolitical instability, and an aging workforce, automation is essential to remaining competitive. This article sets out to help you envision what digital transformation means for mining operations in two ways. First, by explaining the most urgent market drivers of digitalization in the industry. Secondly, by listing the most digitalized mining firms worldwide ABI Research has assessed.