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When tracking trends for future growth opportunities, for example, invest real money (2 to 4 percent of the sales budget is good) to develop analytical tools and teams that monitor trends such as demographic shifts, regulations, and new technologies. Only the CEO can push this kind of coordination through.
The firm has developed a sensing system that captures light hitting the camera from a variety of angles, not just what strikes a plane set behind a small aperture. If the company were selling just one small piece of a camera, a manufacturer such as Nikon might swap out old technology for the new one.
But it is realistic to envision the growth of high-value-add, high-skill, high-wage manufacturing industries like the microprocessor and computer-networking businesses that Intel and Cisco launched in the 1980s. Trouble is, two recessions in 10 years have cut the capital fuel supply to the tech-company-creation engine.
But in my research, and in conversations with hardware entrepreneurs throughout the country, I have noticed several developments that have put manufacturing start-up activity on a faster, more commercial track. .” The rise of hardware startups still has the feel of an insurgency.
The resulting challenges may include new contract-manufacturing relationships, which can be a complicated and disorienting process for the uninitiated. HR has the job of developing the human capabilities needed to capture the IoT opportunity. Information & technology Operations Organizational culture Product development'
Leaders of many companies — in industries ranging from contractmanufacturing, and software services to consulting and health care — tell us the same thing: “We want to move up the value chain.” The technologies and trends shaping tomorrow’s businesses. Insight Center. The Future of Operations.
We partnered with a company in a Singapore that had expertise in RFID technology, and began to put together a solution involving tags on bottles, a customized storage unit that could read the tags, and a software management system. The integration between the tags, the storage unit, and the software was technologically tough to pull off.
Last year, networking giant Cisco Systems worked with one of its contractmanufacturers in Malaysia to deploy 1,500 energy and temperature sensors on its manufacturing equipment. The technologies and processes that are transforming companies. Insight Center. Operations in a Connected World. Sponsored by Accenture.
As companies rethink their supply chains, they ought to seriously consider embracing a new manufacturingtechnology that’s now ready for prime time: 3-D printing. No longer relegated to trinkets and prototyping, 3-D printing, which is also called additive manufacturing , is now moving into mass production.
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