Market trends and business perspectives
SICK is unveiling indoor localization technology which lets users know where all their machines are at all times.
The sensor supplier is planning to showcase the system at the Pack Expo Las Vegas later this month.
SICK says it has taken another step toward Industry 4.0 by offering a new, comprehensive indoor localization portfolio. [Read more…] about SICK to showcase indoor localization technology that lets you know where all your machines are at all times
Prestigious auction house Christie’s recently hosted an art exhibition with a difference – the subject of this one was the impact of artificial intelligence on all aspects of the art world.
The 2019 Art+Tech Summit: The AI Revolution brought together thought leaders, industry experts, and artists for a series of lectures and panel discussions.
Produced in conjunction with Christie’s Education and presented by Hyundai, the summit facilitated lively conversation on emerging trends and predictions facing the future of our business and provided a platform for feedback and cultivating new ideas. [Read more…] about Christie’s auction house and Hyundai host art and artificial intelligence exhibition
By Søren Block Olsen, director of marketing at TARGIT Business Intelligence & Analytics
According to a recent Gartner survey, 80 percent of manufacturers only measure results. They measure past performance by looking at the results in the financial statements.
Even the most diligent Lean Manufacturing Six Sigma Theory of Constraint practitioners do not know what impacted these results, or what is best done to improve going forward.
Too often manufacturing firms, even top-tier operations managers, use company analyses or reports which neglect to ask why outcomes failed. [Read more…] about Automating Business Intelligence to Access Meaningful and Predictive Data
Sensors supplier Sick showcased a new “smart logistics” system at the recent ProMAT Show, one of the world’s largest material handling exhibitions.
Sick says its system demonstrates how to obtain greater efficiency throughout supply chain operations.
Sick presented its new innovations under the banner of “Logistics Gets Smart”, and says they are designed to provide “highly efficient solutions for intralogistics applications”. [Read more…] about Sick demonstrates ‘smart logistics’ system for warehouse automation
By Christine Boles, Intel
We are well along the journey to Industry 4.0 – where analytics, artificial intelligence and the internet of things drive intelligence, decision-making, and productivity.
The transformative opportunities and market potential of Industry 4.0 are massive: It’s expected to create up to $3.7 trillion in value within global manufacturing. We are still in the early adoption stages, with only 30 percent of companies actively deploying IoT solutions at scale.
With the emergence of the industrial internet of things and AI, a new kind of cloud-connected, data-driven factory is emerging. It is not just a “smart factory,” marked by greater machine automation. [Read more…] about Intel showcases data-centric smart manufacturing technologies at Hannover Messe
Partnership, collaboration, and technology investment crucial for growth opportunities, says Frost & Sullivan’s industrial automation and process control team
The Internet of Things and data analytics are transforming the manufacturing space, and data is the new currency.
Currently, human intervention is needed for logical and reasonable decision making. However, with the rise of cognitive technologies, machines will be empowered to detect constantly changing manufacturing scenarios and respond in real time with minimum human intervention.
To be successful, manufacturers need to invest in artificial intelligence technology to improve plant efficiency and productivity, and build partnerships and collaborations that drive data-driven intelligence. [Read more…] about Cognitive technologies and AI poised to transform all manufacturing sectors, says Frost
Kuka has agreed a deal with Beet Analytics as part of robot maker’s Industrie 4.0 strategy.
Kuka will now be able to offer Beet’s industrial IoT technology as another tool in their Industrie 4.0 eco-system and to offer Beet technology on Kuka solutions.
Ronny Chiang, president Beet analytics technology, says: “We are excited to work with Kuka, whose global industrial leadership in automation systems will further strengthen Beet’s presence in the global market. This will allow OEMs [original equipment manufacturers] to access Beet IoT solutions with a respected and established leader standing behind it.” [Read more…] about Kuka agrees deal with Beet on IoT
Artificial intelligence systems can predict election results better than traditional pollsters, according to a report on em360tech.com.
Artificial intelligence systems predicted a win for Donald Trump, of the Republican Party, over Hillary Clinton, of the Democrats, in the US presidential elections held yesterday.
Most traditional opinion pollsters rely on directly asking people about their voting intentions and behaviour. [Read more…] about AI knew Trump would win
Survey of 200 executives indicates most manufacturers plan to increase investments in data analytics over next year – even while delaying other technology investments
A recent survey of manufacturing executives indicates many respondents (67 percent) are pressing ahead with plans to invest in data analytics even as they pare back spending in other areas to combat tough business conditions.
The reason: Many say they view data analytics – a key component of the Industrial Internet of Things (IIoT) – as a viable solution to a cycle of problems that lead to downtime and lost revenue.
More than 200 North American manufacturing executives took part in the survey titled Data’s Big Impact on Manufacturing: A Study of Executive Opinions. The survey was jointly conducted by Honeywell Process Solutions (HPS) and KRC Research, from May 23 to June 8, 2016. [Read more…] about Manufacturers rely on big data to navigate tough business conditions, says Honeywell
By Thomas R. Cutler
The technology driving the most significant transformation of audits over the next three years is unquestionably Optical Character Recognition (OCR).
Too often the thought of automation has been relegated to the manufacturing plant floor or materials handling in a distribution center.
Yet as small businesses represent the largest segment of private lending (more than 90 per cent of the funds by third party lenders), the new form of automation, artificial intelligence and big data is fast-growing and significant.
There are now many viable options on the OCR market, including: PerfectAudit by Ocrolus, SodaPDF, Adobe Acrobat, ABBYY FineReader, and Readiris; pros and cons to each technology, yet only PerfectAudit is the only OCR application custom built for identifying aberrancies and trends during financial reviews, yet flexible enough to be utilized by anyone reviewing bank and credit card statements.
Many industries can add tremendous efficiency by translating paper documents to intelligent data. [Read more…] about Optical character recognition drives: Automation of auditing for lean efficiencies and accuracy
