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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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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’

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