Manufacturing Today Issue - 221 February 2024 | Page 23

____________________________________________________________________________________ Modern manufacturing

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Today , cloud computing and low-cost IoT devices have driven adoption at scale . Manufacturers of all sizes can now adopt the digital tools they need at a scale that is right for them .
However , a lack of experience in adopting technology and business cultures unfamiliar with embracing it hamper transformation . Many manufacturers don ’ t have teams dedicated to finding and evaluating new tools , and almost half of those surveyed by Gartner expressed regret over recent technology purchases , citing higher-than-expected costs , implementation issues and insufficient functionality .
My company , FourJaw Manufacturing
Analytics was founded in 2020 with a vision to maximize manufacturing productivity around the globe . Today , we are trusted by over 120 manufacturers of all sizes in sectors including aerospace , automotive , energy and food production .
For many , adopting our technology is their first foray into ‘ Industry 4.0 ’, so we ’ ve spent time thinking about how to de-risk adoption and enable manufacturers to achieve the best returns . Those who approach digitization with the right mindset achieve the biggest productivity gains and payback for their investment .
In practice , we see that successful projects have four common themes :
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