Market trends and business perspectives
By Eric Whitley, L2L
The manufacturing industry is in the middle of the fourth industrial revolution.
Today’s smart factories produce high-quality products at competitive prices which can dominate the market and give the manufacturer an advantage over its competition.
This ability to dominate the market is known as competitiveness. [Read more…] about 4 Ways to Fuse the Power of People and Technology to Sustain Competitiveness in Manufacturing
Every motorist is aware that tyres will gradually wear down after use, but do you know how long the average tyre lasts and when you should be looking to replace for improved safety and performance?
Under normal driving conditions, front tyres should last around 20,000 miles while rear tyres can last around 40,000. [Read more…] about Understanding the Impact of Driving Style on Tyre Longevity
The autonomous trucking industry is about to get what is described by Nvidia as “a major new addition”.
Self-driving truck company Plus announced that its upcoming autonomous vehicle platform will be built on Nvidia Drive Orin.
This software-defined system will “continuously improve upon the safety and efficiency of the delivery and logistics industry with high-performance compute and AI algorithms that can be updated over the air”, says Nvidia. [Read more…] about Startup company building autonomous trucks on Nvidia platform already has ‘more than 10,000 pre-orders’
Robotics and Automation News Review Friday 18 September 2020
This is a new, weekly column which rounds up all the most interesting news from the robotics and automation industry in the past seven days, in brief form.
This Robotics and Automation News Review is also available to view on our YouTube channel. (See video embedded below.)
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The Covid-19 pandemic isn’t letting up any time soon. Countries which have relaxed their lockdown measures following a decrease in the number of positive cases are now experiencing a resurgence in numbers of confirmed infections.
Governments are already planning to reintroduce restrictions to stop the spread of the deadly coronavirus, which has claimed the lives of over 800,000 people worldwide.
As this global crisis continues to challenge economic sustainability, the business landscape has to adapt to new methods and tools in order to stay afloat. Sure enough, this crisis has opened up new spaces for discussing genuine innovation. [Read more…] about Innovation in Times of Crisis: What Does the Future Hold for Automation?
BP recently sold its petrochemicals business for $5 billion to Ineos, a move which suggests that “big oil” companies are trying to become “big electric” suppliers.
The Wall Street Journal says the sale was the “largest deal by an oil major since the coronavirus outbreak gripped the global economy”.
WSJ says the transaction would enable BP to different itself from its rivals, many of which are forecasting significant growth for the segment and don’t look like they want to sell or leave the petrochemicals sector. [Read more…] about BP’s sale of its petrochemicals business suggests big oil is trying to become big electric
Sensor and automation specialist ifm and the IIoT expert CloudRail have agreed a strategic partnership to pool their skills to improve their positions on the strongly growing market for professional IIoT and cloud solutions. (See video below.)
Industry 4.0, the Industrial Internet of Things (IIoT) or digitisation – there are many terms to describe the inexorable trend of networking machines, processes and people. What they all have in common is that they refer to interdisciplinary processes.
Felix Kollmar, CEO of CloudRail, says: “The IIoT has long ago ceased to be an exclusive topic of operation technology (OT).” [Read more…] about ifm and CloudRail agree strategic partnership to provide IIoT solutions
The Coronavirus outbreak has highlighted use cases for mobile robotics to successfully disinfect, monitor, survey, and handle and deliver materials.
These proven use cases will propel the overall mobile robotics market to $23 billion by 2021, according to a report by technology market advisory firm, ABI Research.
Rian Whitton, senior analyst at ABI Research, says: “Crises shift perceptions on what is possible regarding investment and transformative action on the part of both private and government actors. [Read more…] about Covid-19 pandemic impact: Mobile robotics market to grow to $23 billion by next year
One of the wonders of the modern, computerised world is the emergence of data science. Data science is, arguably, at the heart of most successful businesses today, and its favourite food is big data.
For Panjiva, data science and big data enables it to keep track of virtually all goods moving from one country to another, with a particular emphasis on the US market.
But while it might sound straightforward to some, the actual collation and preparation of the data, and then the presentation of it, is not a simple process. [Read more…] about Interview: Big data suggests there’s a trade war looming
By Eric Duchesne, SVP technology experts for Total, who will be addressing at the ERTC Ask the Experts conference in Cologne on 20-21 June
There have been many advances in the field of digitalisation in recent years.
As the industry moves towards remote operation it is plant optimisation and integrity management which will provide the tools to enhance safety and anticipate potential problems within the plant, ensuring that the right human assets and replacement parts are available when required.
Today, there’s lots of talk about big data, but before we start to consider how we use big data we can dramatically improve the performance of our plants through the more effective interpretation of data that already exists. We need to become proactive rather than reactive. [Read more…] about Opinion: Is digitalisation the key to remote plant operation?
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