Daily Archives: July 2, 2019

As U.S. expansion notches record, recovery may have only just begun

By Howard Schneider – It was only last year that U.S. gross domestic product caught up with estimates of its potential, surpassing where Congressional Budget Office analysts feel it would have been if the housing bubble hadn’t burst in 2007, investment bank Lehman Brothers hadn’t failed the following year, and the world had not cratered into a deep recession.

The periods when GDP exceeds potential are typically when workers enjoy the greatest wage gains and members of historically sidelined communities find jobs. In recent years, those periods have not lasted long, a fact that Fed and other officials are wrestling with as they weigh possible interest rate cuts and assess just where the U.S. economy now stands.

The approach of the decade-long expansion mark has boosted speculation about how much longer the recovery might last, whether a recession is inevitable in the next couple of years, and whether the Fed and U.S. government are adequately prepared to fight another downturn.

For the type of progress Fed and elected officials feel is needed to rebuild middle-class incomes, it may take several more years.

But the environment has changed.

In the short-term, global trade disputes and other risks could slow the economy no matter what the Fed does. more>

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Updates from Siemens

Revolutionizing Plant Performance with the Digital Twin and IIoT eBook
By Jim Brown – How can manufacturers use the digital twin and industrial IoT to dramatically improve manufacturing and product performance?

The manufacturing industries are getting more challenging. Manufacturers must evolve as new technologies remove barriers to entry and enable new, digital players to challenge market share. Operational efficiency is no longer enough to compete in today’s era of digitalization and Industry 4.0.

To remain competitive, companies have to maintain high productivity while offering unprecedented levels of flexibility and responsiveness. We believe this is a fundamental disruption that will change the status quo. To survive, manufacturers need to digitalize operations in order to improve speed, agility, quality, costs, customer satisfaction, and the ability to tailor to customer and market needs.

One of the most compelling digitalization opportunities is adopting the digital twin. This approach combines a number of digital technologies to significantly improve quality and productivity. It starts with comprehensive, virtual models of physical assets – products and production lines – to help optimize designs. But the value is much greater because the physical and virtual twins are connected and kept in sync with real data from the Internet of Things (IoT) and Industrial IoT (IIoT).

Further, companies can use analytics to analyze digital twin data to develop deep insights and intelligence that allow for real-time intervention and long-term, continuous improvement.

The digital twin holds significant productivity and quality opportunities for the plant. It can be used to understand when the plant isn’t operating as intended. It can identify or predict equipment issues that can result in unplanned downtime or correct process deviations before they result in quality slippage, scrap, and rework. more>

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Updates from Georgia Tech

He Quieted Deafening Jets
By Ben Brumfield – In 1969, the roar of a passing jet airliner broke a bone in Carolyn Brobrek’s inner ear, as she sat in the living room of her East Boston home. Many flights took off too close to rooftops then, but even at a distance, jet engines were a notorious source of permanent hearing loss.

For decades, Krishan Ahuja tamed jet noise, for which the National Academy of Engineering elected him as a new member this year. Today, Ahuja is an esteemed researcher at the Georgia Institute of Technology, but he got his start more than 50 years ago as an engineering apprentice in Rolls Royce’s aero-engine division, eventually landing in its jet noise research department.

Jet-setters had been a rare elite, but early in Ahuja’s career in the 1970s, air travel went mainstream, connecting the globe. The number of flights multiplied over the years, and jet engine thrust grew stronger, but remarkably, human exposure to passenger jet noise in the same time period plummeted to a fraction of what it had once been, according to the Federal Aviation Administration.

Ahuja not only had a major hand in it, he also has felt the transition himself.

“In those days, if jets went over your house and you were outside, you’d feel like you needed to put your hands over your ears. Not today,” said Ahuja, who is a Regents Researcher at the Georgia Tech Research Institute (GTRI) and Regents Professor in Georgia Tech’s Daniel Guggenheim School of Aerospace Engineering. more>

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Updates from Datacenter.com

The Hidden Costs of Hosting Your Infrastructure On-Premise
Datacenter.com – There are many myths around it and the choice between hosting your mission-critical infrastructure in-house or accommodating your IT infrastructure in a professional data center. Managing and implementing your business-critical infrastructure in-house is a huge responsibility on top of your daily work. The specialist requirements with regard to the management of electricity, cooling and security are hard at the helm.

In addition, the excessive overhead on company resources to optimally manage the infrastructure and its environment creates its own set of challenges. The choice should not only be made on the basis of costs. It depends on your business requirements and specific usage options, as well as the costs of the service.

The role of IT has come a long way, with the success of companies now heavily dependent on the ability of the organization to digitally transform. IT and the infrastructure they build are under extreme pressure to perform, with most IT departments facing a tough battle to meet the demand from the operation (business). Digital technologies are drastically changing the way we do business, with business rules changing every day. With companies that continue to reinvent themselves, IT requirements are becoming increasingly difficult to predict now and in the future.

Research shows that nearly 70% of digital transformation projects are not finished within the set deadlines, with only one fifth of customers claiming that their transformation projects are successful in the long term. That said, taking the extra financial and resource costs needed to build and maintain your mission-critical infrastructure makes little sense if your digital journey and your business continue to mature.

As such, moving your business-critical on-premise infrastructure to a specialized colocation data center has quickly become the preferred choice that many organizations consider as part of their search to successfully digitize their business activities. more>

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