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Smart factory market to grow to $155 billion by 2025

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The global smart factory market is set to grow from its current market value of more than $75 billion in 2018 to $155 billion by 2025, according to a new research report by Global Market Insights.

The increasing adoption of technology has driven the demand for smart industrial solutions to save operational and labor costs, and is driving smart factory market.

Digitally advanced factories have been manufacturing industrial robots that are replacing human laborers in several operations with the help of evolutionary technologies like big data, artificial intelligence, analytics and internet of things. [Read more…] about Smart factory market to grow to $155 billion by 2025

Top 5 Food Industry Technology Advances In 2019

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A fully functional food industry remains a vital part of any modern economy. Not only does it sustain countless jobs, it also keeps us sustained with food to put on our plates. If the cogs stop turning, we stop eating. It’s that simple!

The food industry has faced its fair share of challenges in recent years. Wage issues and labour shortages have dominated the headlines, often leaving this labour-intensive industry with more product than it can pack. Food is being wasted, and so is time and money.

When you think of modern advances in technology, electric cars and drones and connected devices are likely the first things to come to mind. [Read more…] about Top 5 Food Industry Technology Advances In 2019

Severstal invests in robotics to automate advanced composites manufacturing with Airborne

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Severstal, one of the world’s largest vertically integrated steel and mining companies, has invested in Dutch company Airborne, a developer of robotic and digital automation platforms for the production of composite parts and products with integrated composites.

Severstal joins other investors in this investment round, including Pangaea Ventures, the leading advanced materials venture capital fund, and SABIC, the world’s third largest diversified chemical company.

Airborne has developed and brought to market a unique set of digital technologies that increase the efficiency of carbon fiber composite production by automating the production process. [Read more…] about Severstal invests in robotics to automate advanced composites manufacturing with Airborne

Sony showcases new concept car with tech for autonomous driving

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Sony has showcased a number of new technologies at this year’s Consumer Electronics Show, and one of them was a concept car packed with the company’s sensors and other components that provide a package that supports autonomous driving.

Kenichiro Yoshida, Sony president and CEO, says: “It’s not an exaggeration to say that mobile (communication) has been the mega-trend of the last decade. I believe the next mega-trend will be mobility.”

Yoshida formally unveiled the prototype vehicle, which incorporates imaging and sensing technologies that Sony says “contribute to safer and more reliable autonomous driving”. [Read more…] about Sony showcases new concept car with tech for autonomous driving

Denso partners with Qualcomm to develop ‘next-generation’ vehicle dashboards

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Automotive systems maker Denso is partnering with chipmaker Qualcomm to develop what they call “next-generation cockpit systems”.

Though they use the word “cockpit”, they probably mean vehicle dashboards rather than aircraft cockpits.

In recent years, the amount of information provided by a vehicle to the driver has increased due to advanced driver assistance functions using cameras and sensors, as well as various entertainment functions. [Read more…] about Denso partners with Qualcomm to develop ‘next-generation’ vehicle dashboards

ZF claims its ADAS technology is ‘most affordable’ in the industry

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Automotive systems manufacturer ZF says its advanced driver assistance system technology is the “most affordable” in the industry. 

Automated driving for personal passenger vehicles continues to be an important advancement in the quest toward “zero accidents” for all automotive companies.

ZF is concentrating on Level 2+ semi-automated systems that deliver advanced safety and convenience functions – and along with its partners has developed the most affordable Level 2+ system in the industry. [Read more…] about ZF claims its ADAS technology is ‘most affordable’ in the industry

Nvidia launches ‘world’s most advanced’ chip for robotics and autonomous driving

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Nvidia has launched what it describes as the “world’s most advanced” chip for robotics and autonomous driving.

The Nvidia Drive AGX Orin is said to be a highly advanced software-defined platform, powered by a new system-on-a-chip called Orin.

The new chip consists of 17 billion transistors and is the result of four years of research and development investment. [Read more…] about Nvidia launches ‘world’s most advanced’ chip for robotics and autonomous driving

UBTECH launches portable social robot with ‘loving AI’

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UBTECH has launched a portable social robot with what the company describes as “loving” artificial intelligence.

AlphaMini, a portable humanoid robot, which is is said to be able to chat, read, sing and dance, made its debut today in South Korea.

Built by UBTECH robotics, a manufacturer of intelligent humanoid robotics and AI technologies, the cute-looking creature combines advanced robotics and highly extensible AI platform to give you the most intimate human-robot interactive experiences. [Read more…] about UBTECH launches portable social robot with ‘loving AI’

Elisa Smart Factory and TCS partner to develop advanced analytics solutions to manufacturing sector

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Elisa Smart Factory, an industrial internet of things and data analytics provider, has agreed a partnership with Tata Consultancy Services, an IT services, consulting and business solutions organization.

Under this collaboration, Elisa Smart Factory and TCS will jointly undertake efforts to market and deploy Elisa Smart Factory IIoT and advanced analytics solutions to a broad spectrum of industry manufacturers.

Kari Terho, general manager, Elisa Smart Factory, says: “Elisa Smart Factory solutions represent a tremendous opportunity for industry manufacturers, especially for companies in the process and discrete manufacturing. [Read more…] about Elisa Smart Factory and TCS partner to develop advanced analytics solutions to manufacturing sector

Automation increases productivity in materials science by 384 times, say researchers

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An automated method of conducting materials science research can increase productivity by 384 times when compared to a human, according to researchers. 

The robot-plus-software system also makes it easier for people who are not expert researchers or scientists to create new materials.

A Rutgers-led team of engineers has developed an automated way to produce polymers, making it much easier to create advanced materials aimed at improving human health. [Read more…] about Automation increases productivity in materials science by 384 times, say researchers