INTERVIEW WITH ...
“ In the manufacturing space , we ’ re finding ways to help clients give their customers , supply chain partners & employees peace of mind ”
Q . TELL US ABOUT THE TITANIUM ECONOMY AND TECHNOLOGY ' S EVOLVING ROLE IN MANUFACTURING ?
» Coined by McKinsey consultants in a book with the same name , the titanium economy refers to a group of over 4,000 small-to-midsize industrial firms that have transformed their business with technology over the last decade . The average consumer doesn ’ t know their name , but they develop the parts and materials ( think truck parts , plastic lumber , and color enamels ) for things we use every day . Further , their business performance has rivaled that of flashier tech companies over the last decade .
These under-appreciated firms are developing a digital-first culture of innovation and using it to transform their operations with technology . As they shifted from traditional manufacturers to industrial technology companies , they didn ’ t just revamp old processes with automated equipment
— they ’ re adopting new ways of thinking that lead to new product applications , custom offerings , and sustainable manufacturing methods .
Q . HOW DOES TXI GUIDE INDUSTRIAL TECHNOLOGY PROS ON HOW TO DEVELOP PRODUCTS AND PROCESSES THAT BETTER SERVE THEIR CUSTOMERS ?
» At TXI , we help our clients understand users ’ needs and desires . Then , we help build a better , more tailored product for them . For example , together with an environmental monitoring solutions company , we discovered their clients depended on their sensors for security , but the sensors needed an upgrade in order to deliver on customer expectations .
To meet these needs , we developed wifi-connected hardware and a companion digital platform for realtime data analysis , visualization , and
18 August 2023