Industry News Round-Up, INR October 2018
See the latest stories below for how technology is reshaping our engineering and manufacturing sectors:
Artificial Intelligence in Manufacturing Market to Witness Huge Growth via MarketGrowth.com
How AI Is Changing How We Build Things via Fortune Magazine
There’s no denying that more and more people come to technology in order to complete their requirements – and it’s easy to see why. You have great solutions and features to rely on, and you will notice a plethora of unique benefits to check out as well. This does bring the question, is technology actively re-engineering humanity?
In some ways it definitely does that because algorithms are constantly changing our lives. And simple challenges are always easier to solve with the use of tech. As a result, humanity focuses on the use of machines instead of actively pursuing that solution on their own.
This doesn’t mean technology makes people lazy, but it defines the ways in which we design, produce and even work as productive societies. Much of the technology tends to focus on the cloud right now, since it’s a lot easier for everyone to have access to the stuff they need whenever they need it the most.
New technologies have the potential to remove many challenges and tasks that can appear, with thanks to super fast algorithms and calculations to produce a solution – whether that be a solution within a design, or physical solution within a product on sale. With the right approach, these advancements can reach amazing potential with the right amount of the human touch.
Cutting Tools Increase
The demand for cutting tools is up with 13.9%
The manufacturing world is always growing and expanding. And the reality is that Cutting Tools are in a very high demand right now. According to the latest industry data, in August and September manufacturers purchased 13.9% more cutting tools when compared to the previous years. (US)
What this means is that the volume of cutting tools does reflect a growth in the manufacturing process. Even if the increase might cool off very soon, there’s no denying that we will see it come back next year.
And the reason is simple. Cutting Tools are important consumables and a crucial aspect in the world of creating manufactured parts. So it’s a crucial aspect to consider and one that has the potential to pay off extremely well if you do it right.
Since more and more machine tools are being sold, it’s safe to say that we will see an extraordinary growth in the next few years as well. The increase comes from various sectors. Companies in the agriculture, construction, automotive and mining industries have a huge demand of Cutting Tools. But other industries like aerospace, fracking pumps or defense are also seeing a great increase in this sector.
Cutting Tools Consumption via Today’s Medical Developments.com
5 Ways To Extend Cutting Tool Life via Metal Shop Tech