The Economic Impact of Technology Infrastructure for Smart Manufacturing
Smart Manufacturing Gary Anderson (gary.anderson@nist.gov)
Technology Partnerships Office, Innovation & Industry Services
October 2016
Key Findings
- Novel smart manufacturing technology infrastructure would save manufacturers $57.4 billion annually.
- Barriers to innovation increase the cost of smart manufacturing R&D, weaken private investment incentives, and magnify the role of public institutions.
- Overcoming critical technical barriers may require investments in public-private manufacturing consortia.
- Small enterprises face significant barriers to adoption of smart manufacturing technology.
The full report may be found here:
http://nvlpubs.nist.gov/nistpubs/eab/NIST.EAB.4.pdf