Manufacturers are Getting Back to Basics: Innovation, with a Purpose

Manufacturing companies have been at the forefront of emerging technologies for centuries. Revolutionary inventions such as the radio, automobiles, electricity, television and high-speed internet all exist because manufacturers around the world pushed the boundaries of science and technology to imagine something better.
Today we’re cresting a new wave of technology with tools like automation, cloud computing, and IoT becoming widely applicable. When leveraged effectively, each of these has the potential to dramatically improve our daily lives, both at work and at home.
With that in mind, manufacturing companies are uniquely positioned to foster one of the biggest periods of innovation since the 1920’s. By leveraging these new technologies, discrete manufacturers can help us achieve a more efficient, more progressive society – with advanced automotive and aerospace travel, secure IT infrastructure and smarter industrial facilities.
Establishing a successful business is difficult and best-in-class companies understand the importance of prioritizing more than just profit and loss. While revenue is important, establishing a common goal beyond everyday metrics gives an organization a true identity. That identity permeates every facet of the business and provides a clear vision as well as opportunities for growth and shared values.