In the early 1900s, the world had just started moving horizontally in Ford cars made on the assembly line. Notwithstanding the existing technological constraints, the Wright brothers had designed and manufactured a disruptive innovation that literally had them up in the air. Within not even the next two decades itself, airplanes were designed and manufactured
Supplier selection is perhaps the most important part of any outsourcing strategy and requires a great deal of diligence in any business planning. Many companies still struggle with the implementation of outsourcing with offshore companies due to language barriers, cultural differences, or poor understanding of objectives. Today Engineering Services Outsourcing (ESO) is highly fragmented with
In 2016, at the Farnborough Air Show, both Airbus and Boeing had made a few predictions. Airbus had expected the global MRO spends to exceed $1.8 trillion in the upcoming years. While Boeing had aimed at tripling their MRO revenue within a decade. Even as Rolls-Royce expects their installed engine base to reach 7,300 in
A recent PwC survey predicts that nearly 75% of all companies will be digitized by 2020. Digital manufacturing has turned into a silver bullet, being discoursed in every boardroom with companies chalking out strategies to capitalize on this promising opportunity. Changing the established dynamics, almost all the key industries are already evolving in close harmony
Before man learned to fly and even after he did so, trains did not lose their ubiquity. In fact, the steam engine is still considered to be the icon and forbearer of the first Industrial Revolution back in the early 1800’s. The quest for efficient fuels was also started as the locomotives industry transitioned from
“Smart” seems to have become the operative word for businesses across the globe these days. Smarter manufacturing, smarter devices, smarter logistics, and inevitably, smarter power; every organization wants to be associated with this new buzzword. If we take a step backward, what does ‘smarter’ mean in the context of the human brain? Simply put, a
ADAS or Advanced Driver Assistance Systems are designed and implemented to assist the person behind the wheels during driving. The basic objective of this human-machine interface is to increase the safety feature for both – those inside the car and those on foot or in other vehicles. How does ADAS Assist? ADAS uses sophisticated electronics
Mining Data as the New Oil: Why Integration is Key to Enhancing O&G Outcomes “Things can change so fast on the Internet” –Tim Berners Lee While the above is certainly true, today internet itself has been changing at an unprecedented pace for things! As the Internet of Things (IoT) revolutionalizes every imaginable business in the
The locomotive industry has been one of the fastest growing industries since time immemorial. Whether the locomotives are used for passenger transport or for the transportation of goods, these beasts require tremendous power and consume a lot of fuel. The industry has tried several ways to optimize each trip of the locomotives to make them
The automotive industry is presently confronting what could be its greatest transformation. This transformation is a crucial aspect of a digitally-enabled merging of social, industry, and technological forces about to ignite an outburst of innovation in the global transportation arena. Considering the sheer size of this industry, we can rightly say that it has the