Manufacturing goes Digital
Manufacturing goes digital: Smart factories have the potential to spark labor productivity “Manufacturing productivity has stalled for the past five years but trailblazers who have increased investment in smart technology initiatives have seen twice the level of gains to labor productivity compared to their peers. Furthermore, leaders in this group expect increases in labor productivity to continue to accelerate ahead of the average over the next three years. Clearly there is a recipe to extract value through investments in smart factory initiatives.” — Morgan Travis. Smart factories will be the game changer for the US manufacturing industry. Adopting smart …