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.
Determining the quantities and location of sensors in an Internet of Things application requires a thorough problem statement and a clear vision of success, an expert will tell engineers at the upcoming Design & Manufacturing Show in Minneapolis.
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