The job outlook doesn't look terrific for the coming year, at least according to statistics published by the American Management Association (www.amanet.org). Nearly two-thirds of business execs surveyed forecasted that their U.S. workforce would either remain the same or decrease in 2003. On average, those who reported a downsizing estimated a loss of 7.8% of their workforce. Top reasons for eliminating jobs: Organizational restructuring (44%); Lower demand for products (40%); and improved efficiency (31%). There's good news, though: 89% of execs say that they plan to give raises and bonuses to their employees this year.
The Industrial Internet of Things may be going off the deep end in connecting everything on the plant floor. Some machines, bearings, or conveyors simply donít need to be monitored -- even if they can be.
Wind turbines already are imposing structures that stretch high into the sky, but an engineering graduate student at the University of Notre Dame wants to make them even taller to reduce energy costs and improve efficiency.
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