In this talk, Jordan Duffy, a serial entrepreneur and technology innovation expert, explores how the internet of things is changing our lives in ways we don't even recognise.
Watch this video and learn more about IoT: https://www.youtube.com/watch?v=mzy84Vb_Gxk
To create faster, more flexible and efficient processes, the Fourth Industrial Revolution also referred to as Industry 4.0, promotes the union of physical and digital resources, connecting machines, systems and assets as a way to produce higher quality items at reduced costs.
Below are the nine pillars of Industry 4.0 and their relevance to industrial activity:
- The Internet of Things: refers to the networking and connectivity of smart devices.
- Augmented Reality: displays digital content in the real word through a device, such as a mobile phone or special eyeglasses.
- Simulation: leverage real-time data to reflect the physical world of product development and production processes in a virtual environment.
- Additive Manufacturing: these technologies are already playing an important role in key areas as design, prototyping and low-volume production.
- System Integration: result in an agile manufacturing environment allowing real time production corrections and quick pivots.
- Cloud Computing: provides scaleable storage and increased computing power, improves data accessibility and integrity, helping to eliminate data silos.
- Autonomous Systems: robots designed to work in ways similar to humans, with the added ability to monitor and transmit data.
- Cybersecurity: preparation and protection of company information systems and production lines from cyberthreats.
- Big Data Analytics: common theme among all of these pillars and new technologies is data collection and analysis.
End of year can be exciting, and it also signals that it’s time to talk about the IRS incentive Section 179.
Why Use Section 179?
Successful businesses take advantage of legal tax incentives to help lower their operating costs. The Section 179 IRS Deduction is a tax incentive that is easy to use and gives businesses an incentive to invest in themselves by adding capital equipment – equipment that they use to improve their operations and further increase revenue. Taking advantage of the Section 179 Deduction will help your business add equipment, vehicles and software, while allowing you to keep more of your tax dollars.
The key benefit is that, instead of deducting qualifying equipment over time according to a set depreciation schedule), Section 179 allows businesses to deduct the full purchase price of the item during the first tax year.
Here are full details, examples and financial calculators to determine how much you can save:
Contact us for further information.
Developed to facilitate people's daily lives, the "Internet of Things" (IoT) has also been explored in the manufacturing chain. The term refers to the act of connecting any equipment to the computer network. Besides improving people’s routine, this technological revolution can increase the productivity and profitability of the companies that bet on this strategy.
Sumig, a company specialized in welding and cutting solutions, recently launched a service that fits this innovative concept. With the Intellimig Portal, customers with smart machines, such as Sumig cells and guns, can access all information regarding welding processes through remote management.
The method used for this management is practical and easy to use. When you purchase a Sumig smart cell or gun, the customer receives a key access to the Intellimig Portal. With this login, the user can connect to the web platform through any computer or mobile device.
Data regarding the welding processes of the factory appear in the system in real time. Besides monitoring production, Intellimig Portal crosses information to generate many technical and graphical reports. It is worth highlighting that all this data is stored on a totally secure and reliable server.
Smart machines provide more profitability
By controlling welding processes, the Intellimig system can do more than just reporting failures: it enables the welder to prevent them. Since Sumig' smart machines rely on a programmable electronic device, they are able to analyze and control the previously defined parameters.
This function provides real-time monitoring of the machine's voltage and current, interacting directly with the welder. When the professional operates with parameters out of the process variability, an alert is activated. When the machine reaches some critical values, it blocks momently. This avoids wastes on operation time.
Another Intellimig differential is the user’s identification. Each welder and each machine can receive a different register, which allows the production monitoring in a more detailed way. The parameterization of processes is done by the machine’s administrator login, which is protected by a specific password.
All these innovations provided by Intellimig result in a higher welding quality, since its repeatability is determined. Constant process monitoring also generates management charts, which can be used for cost control and operations optimization.
Watch the video to know how this device can move your company to the next level:
Written by Tales Facchini - Sumig's Technical Engineer