When it comes to green products and manufacturing, large companies are starting to get it. General Electric Co. has put a big emphasis on green this year, launching a number of green initiatives under the banner, “ECOmagination.” The company’s newest environmental move is a contest co-sponsored with Dow Jones & Co. Inc., called “ECOnomics.”
The contest is open to university students who submit a green business idea in 500 words or less. The winning idea nabs a prize of $50,000. Submission will be narrowed down to four finalists, and the plan from each finalist will be featured in high profile advertising to run on MarketWatch.com and in Barron’s “SmartMoney” and The Wall Street Journal, both print and online.
The deadline for submission is December 15 at noon. Entries must be submitted online. Entry details and judging criteria can be found at the ECOnomics site. The idea must be good for business and good for the environment.
For industrial control applications, or even a simple assembly line, that machine can go almost 24/7 without a break. But what happens when the task is a little more complex? That’s where the “smart” machine would come in. The smart machine is one that has some simple (or complex in some cases) processing capability to be able to adapt to changing conditions. Such machines are suited for a host of applications, including automotive, aerospace, defense, medical, computers and electronics, telecommunications, consumer goods, and so on. This discussion will examine what’s possible with smart machines, and what tradeoffs need to be made to implement such a solution.