Source: Modern Machine Shop Jedd Cole, Assistant Editor (Modern Machine Shop) / A white paper explains why it’s important to look at the entire lifecycle of a machine to determine its true costs and benefits. The problem is simple to define, but getting ahead of it can quickly become complex: “Manufacturers often focus only on equipment price when making [return-on-investment (ROI)] calculations and fail to evaluate the total life cycle …Read More
JIMTOF: A Strong Embrace of Industrial Internet of Things
Source: Modern Machine Shop Online The message from the 2016 Japan International Machine Tool Fair (JIMTOF), Japan’s premier machine tool show, was clear: Japanese providers of manufacturing technology have embraced the concepts of the Industrial Internet of Things (IIoT). Although there is no exact definition for what this phrase means, it undoubtedly refers to the strategy of linking machine tools and other shopfloor equipment to a web-enabled network that makes …Read More