Rockwell Automation Sees Results

Rockwell Automation (NYSE: ROK) is a leader in industrial automation, and helps its clients implement "smart" manufacturing processes by offering both hardware and software products for manufacturing companies in a wide range of industries. Over the past three years, the company has been integrating its enterprise software through the continued implementation of what it calls The Connected Enterprise, which connects the latest information technology with advanced industrial automation to lower costs at its manufacturing customers. Management commented in its FY 2019 annual report that "our customers face the challenge of remaining globally cost competitive and automation can help them achieve their productivity and sustainability objectives."

Simply put, the company is making its existing software platforms work together to improve the customer experience by integrating computers with production machines to streamline manufacturing so its customers can make their products at a lower cost. The ongoing initiative allows different computer systems to talk to each other, which makes more information available to more people involved in the manufacturing process, thereby increasing efficiency.

This should make its products more attractive, while protecting its existing market share in a highly competitive industry.

Source Fool.com