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Business & Industry

China's Machine Tool Industry Coming of Age

China's machine tool industry seems to be coming of age globally, driven in large part by the country's rapidly rising machine tool investment, output and export. In recent years, China's machine tool industry has played an increasingly crucial role in the world machine tool industry. Last month, China became a net exporter of machine tools. In 2007, China's machine tool exports topped 5 billion...

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Business & Industry

Ridiculous Government Purchases

Gambling, iPods, lingerie, Internet dating sites - if you've ever filled out an expense report, you know these just won't fly as business transactions. Shouldn't the government be held to the same standards? If you've ever filled out a business expense report, you know just how flawless your corporate finance department expects such paperwork to be. This is for good reason, as government...

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Business & Industry

The State of Machines Talking to Machines

Although M2M technology has seen steady growth in recent years, it hasn't been an easy journey. As more businesses look to design wireless into their processes, perhaps M2M technology will be reevaluated. Machine-to-machine (M2M) communication has long been focused on wired and wireless communication technologies. Now, however, M2M technology is emerging as a foundation for cost-effective,...

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Business & Industry

Transportation: Did You Know?

Ever wondered when the first auto race was? Wish you had your own submarine? Here IMT contributor Susannah Nevison offers some offbeat auto facts and a few just-for-fun vehicles. While the following transportation-related innovations may not provide clues to what lies ahead for getting from point A to point B - they sure would be fun to test-drive. Submersible Car Who doesn't dream of driving one...

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Business & Industry

Whatever Happened to. . . ?

In what could be called The Future of the Past, IMT contributor Brian Lane looks into the future that never was and asks, Whatever happened to all the cool stuff promised to us? Growing up, TV, movies and comics, not to mention credentialed scientists, were always telling us that the latest innovations were just around the corner - by the year 2000 we would be living on the Moon, relaxing while...

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Business & Industry

Sweepstakes Science: Prizes for Breakthroughs

The prize-inspired breakthrough is a concept that goes back hundreds of years. Yet this notion of using prize money to spur innovation has become a particularly booming trend in recent years. In 2007, Hillary Clinton and John Edwards, among others, each suggested prize systems for medical and environmental inventions. Last month, presumptive Republican presidential candidate John McCain called...

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Business & Industry

9 Oddities in Discovery and Invention

While necessity may be the mother of invention, its paternal roots can be traced to accidents and eccentricity. IMT contributor Ilya Leybovich looks at the unexpected sources of some of today's most common inventions, plus some unusual proposals for products yet to find a niche. History is difficult to predict. Will the fruit of a scientific labor prove to be a revolutionary innovation in its...

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Business & Industry

Minneapolis' New I-35 Bridge Nearly Complete

Though it won't be open by the first anniversary of the tragic collapse of the I-35W Mississippi River Bridge in Minneapolis, Minn., a new $234 million bridge is on track to open in its predecessor's place as early as September. In 10 days, we will observe the first anniversary of the collapse of the I-35W Mississippi River Bridge in Minneapolis, Minn., at a toll of 13 dead, more than 100 injured...

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Business & Industry

How Prepared is Your Supply Chain?

Recent studies uncover how some companies are struggling to configure their supply chains to meet and exceed global goals in the near and long term. PRTM Management Consultants' Global Supply Chain Trends 2008-2010 study, tapped the mind share of 300 international participants, across numerous industries, in an effort to better understand how they are maintaining and updating their supply chain...

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Business & Industry

Wikinomics: How Mass Collaboration Changes Everything

Wikinomics: How Mass Collaboration Changes Everything examines the possibilities of mass collaboration and evolutionary business practices. It's no longer up to the elite thinkers to tackle today's global challenges. FROM THE PUBLISHER In just the last few years, traditional collaboration - in a meeting room, a conference call, even a convention center - has been superseded by collaborations on...

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