According to an article in The Economist (03/03/18), management consultancy firm Bain predicts that, by 2030 American companies will invest as much as $8 trillion in automation and robotics. Bain predicts a large chunk of this investment will be in service industries, where robotic automation will replace human labor.

This is a remarkable feat of crystal ball gazing. $8 trillion … Read more

One of our members recounted a story about a switch in hydraulic oils which had a less than ideal outcome. The machines involved are mining-size hydraulic excavators. These diggers were delivered to the end-user filled with the machine OEM’s own branded ISO VG46 hydraulic oil. This oil features a zinc-free, anti-wear additive package and has a viscosity index (VI) of … Read more

Last night I caught part of a documentary about over servicing in healthcare. The ordering of unnecessary and sometimes invasive tests. Performance of surgeries and other procedures which aren’t required or which are not scientifically proven to be helpful. And this issue is more or less universal across healthcare in developed countries. It’s a very costly one too. Not just … Read more