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Boston Dynamics and IBM partner to bring mobile edge analytics to industrial operations

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By Skip Snyder, senior partner, IBM Consulting and Mike Pollitt, chief sales officer, Boston Dynamics

The demand for AI-driven robotics is increasing in operations like those in manufacturing and warehouse settings to help organizations with data and analytics that identify problems in real time, improve decision making, and perform tasks more efficiently. But to experience the true benefits, these operations need AI as close to the origin of the data as possible.

According to an IBM Institute for Business Value survey, 56 percent of manufacturers have implemented AI-driven robotics to make autonomous decisions, while 83 percent agree intelligent automation will help their organization meet strategic challenges and improve business results. However, businesses point out that most edge and IoT devices today are stationary, inflexible and often incapable of responding to rapidly changing environments.

To address this challenge, IBM and Boston Dynamics have announced a new alliance focused on delivering data analysis at the edge to help industrial companies improve worker safety, optimize field operations, and boost maintenance productivity in environments like manufacturing facilities, power plants, warehouses and more. Enabled by AI and hybrid cloud innovations from IBM Research, IBM Consulting will develop edge payloads that integrate with Spot, the agile, mobile robot from Boston Dynamics. [Read more…] about Boston Dynamics and IBM partner to bring mobile edge analytics to industrial operations

UVD Robots sends its machines along supermarket aisles

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UVD Robots, a specialist manufacturer of autonomous ultraviolet disinfection robots, is partnering with OCC Commercial Consulting to offer “complete hospital-grade disinfection solutions” for supermarkets, with the aim of providing a safe shopping experience for employees and customers.

UVD Robots says that the average consumer spends about 60 hours grocery shopping per year – hours spent in an environment that may harbor different germ colonies, include shopping carts, refrigerator doors, and produce.

A study showed that grocery store carts have 361 times more bacteria than a bathroom door knob, with 75 percent of the germs found on those carts considered harmful to humans. [Read more…] about UVD Robots sends its machines along supermarket aisles

Critical Manufacturing and Tata Consultancy Services partnership to develop ‘modern MES’

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Critical Manufacturing has agreed a global consulting and services partnership with Tata Consultancy Services, a global leader in IT services, consulting and business solutions.

Under the agreement, TCS will offer global consulting, project development and implementation support services around Critical Manufacturing’s Manufacturing Execution Systems (MES) for customers in the complex discrete industry, including the semiconductor, PCB manufacturing, medical device, aerospace and defense, and automotive segments.

Regu Ayyaswamy, global head, internet of things and engineering services, TCS, says: “TCS works with leading manufacturers globally, helping them scale up product innovation and pursue their growth and transformation initiatives. [Read more…] about Critical Manufacturing and Tata Consultancy Services partnership to develop ‘modern MES’

Coronavirus ‘exposes industry’s need to modernize operations’

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The coronavirus pandemic has “exposed industry’s need to modernize operations”, according to Hitachi.

The industrial giant made the assertion as it launched an expanded set of digital services through its Hitachi Vantara subsidiary to help manufacturers accelerate “Manufacturing 4.0 initiatives” and to assist with safely restarting production in the wake of the Covid-19 pandemic.

For many manufacturers, the pandemic has not only affected worker health and safety, it has impacted demand, interrupted production, exposed vulnerabilities in supply chains, and driven an urgent need to modernize operations. [Read more…] about Coronavirus ‘exposes industry’s need to modernize operations’

Growing demand for consumer robots will lead to global spending on robots increasing to $87 billion by 2025, says BCG

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The global market for robotics is growing far faster than expected and is projected to reach $87 billion by 2025, according to new research by the Boston Consulting Group.

Updating its previous estimate of $67 billion from three years ago, the management consulting firm recently revised its forecast sharply higher, mostly because of soaring consumer demand.

In a new paper released today, Gaining Robotics Advantage, BCG projects an additional $14 billion of growth in the consumer sector to $23 billion, an increase of 156 per cent over its earlier estimate.  [Read more…] about Growing demand for consumer robots will lead to global spending on robots increasing to $87 billion by 2025, says BCG

‘Chinese companies lead the way in fintech innovation’

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alipay

China-based investment expert Edward Tse, CEO of Gao Feng, says financial technology companies are thriving in China 

With the Chinese government keen to encourage innovation the fintech revolution is quickly gaining pace. Financial technologies companies backed by Chinese venture capital raised $2.4 billion in the first quarter of 2016, according to accounting firm KPMG.

This represented a 49 per cent share of global fintech investment in the period, bigger than that of North America and Europe combined.

Ant Financial Services Group, Alibaba Group Holding’s fintech affiliate, itself raised $4.5 billion in April, making it the largest round of funding for a fintech company in the world.  [Read more…] about ‘Chinese companies lead the way in fintech innovation’