Perspectives from the Editor: Change

摘要

The new year is here with the prospect of more changes in industry. The most striking recent change has been leveraging technology to harvest more oil and gas, significantly increasing supply. These changes remind us that the economics of supply and demand are still operative; the significant increase in supply, coupled with weaker demand, has resulted in the dramatic drop of oil prices. It is likely 2016 will be another year with changes. As automation professionals, the readers of InTech magazine have the skills to help their companies navigate and capitalize on change. The application of industrial automation to improve production efficiency lowers production costs and increases profit margins. Industrial automation investments contribute to companies lowering risks. These are some thoughts to consider regarding change.