ITIF, Korean Group Urge US Manufacturers to Accelerate IoT Adoption

Most U.S. manufacturers are stagnating in the initial stages of smart manufacturing technology adoption, the Information Technology and Innovation Foundation reported Monday. Nearly 80 percent of small U.S. manufacturers “lack plans to implement Internet of Things applications over the next three years,” they said. U.S. manufacturers should leverage “smart, cyber-physical systems that combine model-based definitions, an end-to-end digital thread, modeling and simulation, the Internet of Things, artificial intelligence and machine learning, and seamless supply chain collaboration,” ITIF President Robert Atkinson and Vice President-Global Innovation Policy Stephen Ezell said with Korea Institute for Industrial Economics and Trade Executive Director-Center for Global Industrial Strategies Inchul Kim and institute fellow Jaehan Cho.