Collaborative ecosystems play a crucial role in accelerating digital transformation initiatives and achieving better outcomes for manufacturers. In the context of smart manufacturing, organizations are establishing key partnerships and alliances with third-party communities, research groups, technology startups and more to increase collaboration and implement open innovation environments. This forward-thinking approach promotes idea-sharing and allows for more seamless global adoption of smart technologies. Ultimately, this allows businesses and end users to improve yield, product quality, profitability and regulatory compliance while decreasing material waste, maintenance and energy costs.

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