If machine tool consumption is any indication, an economic recovery isn't going to happen anytime soon. Most recent stats indicate a drop-off of nearly 30% compared to 2001, which itself was down from 2000. Year-to-date (through September 2002) total was $1.5 billion. Numbers come from the Association for Manufacturing Technology and the American Machine Tool Distributors Association.
Sensor deployment in automated factories should be done slowly and conservatively, otherwise engineers may face the loss of hundreds of thousands or even millions of dollars, an Internet of Things expert will tell attendees at the upcoming Design & Manufacturing Show in Minneapolis.
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