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Top 10 steel producers: Innovations, challenges, and future directions

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If you’re the kind of person who thinks steel is beautiful, you probably need to get a life. Or at least get out more.

But the thing about steel is that it’s always so shiny. So strong as well. If it’s stainless steel, like your average sink, you could use it for the rest of your life and it will look as shiny and as beautiful as the day it was made, provided you clean it of course.

Scientifically or technically speaking, even stainless steel does rust. But that’s boffins for you – always looking to spoil the party with useless facts. To the average person, with an average sink, stainless steel stays as good as new forever. [Read more…] about Top 10 steel producers: Innovations, challenges, and future directions

3 Major Challenges of Cryptocurrency Adoption in Developing Countries

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The rise of cryptocurrency is still causing varied reactions among users in different countries and regions worldwide.

In developing countries, cryptocurrency is still not as widely accepted and adopted as in the developed countries of Europe and America.

There are various challenges users in these developing countries undergo when adopting cryptocurrency.

[Read more…] about 3 Major Challenges of Cryptocurrency Adoption in Developing Countries

The Advantages of Outsourcing to Romania and Eastern European Countries

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Amidst the ever-changing business environment, outsourcing has become a vital strategy for companies aiming to streamline operations, access specialized skills, and enhance competitiveness.

This strategic approach knows no bounds, as businesses increasingly leverage outsourcing to secure cost-effective solutions and tap into specialized expertise beyond their usual operational scope.

One region that has emerged as a prominent destination for outsourcing is Eastern Europe, with Romania standing out as a particularly attractive option. [Read more…] about The Advantages of Outsourcing to Romania and Eastern European Countries

Artificial Intelligence: UNESCO calls on all Governments to implement Global Ethical Framework ‘without delay’

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Following calls by over 1,000 tech workers this week for a pause in the training of the most powerful AI systems, including Chat GPT, UNESCO is calling on countries to fully implement its Recommendation on the Ethics of Artificial Intelligence immediately.

This global normative framework, adopted unanimously by the 193 Member States of the Organization, provides all the necessary safeguards.

Audrey Azoulay, UNESCO’s Director-General, says: “The world needs stronger ethical rules for artificial intelligence: this is the challenge of our time. [Read more…] about Artificial Intelligence: UNESCO calls on all Governments to implement Global Ethical Framework ‘without delay’

Global autonomous cars market size to reach $16 billion by 2030

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The global market for autonomous cars was valued at $1.35 billion in 2021 and is projected to reach $15.55 billion by 2030, growing at a compound annual growth rate of 31.19 percent from 2023 to 2030.

The increasing demand for connected cars employing the internet of things and the growing development of smart cities in the countries is driving the Autonomous Cars Market growth.

This is according to a new report by Verified Market Research, which says the increasing demand for connected cars employing the internet of things is the key force driving the autonomous car market. [Read more…] about Global autonomous cars market size to reach $16 billion by 2030

Electric Future: Stalled car revolution

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How green are electric vehicles?

Believe it or not, if you had been walking through Manhattan in 1900, there is a good chance you would have seen an electric car. Roughly one third of cars on the road in New York back then were electric, while the city’s taxi fleet had 30 electric vehicles (EVs). It was to be a brief heyday.

It was Henry Ford’s Model T – first produced in 1908 – that signalled the beginning of the end of the electric car. Suddenly, petrol-fuelled cars were relatively affordable and, thanks to Ford’s pioneering use of the production line, ubiquitous.

Improved roads and cheaper petrol prices saw the electric car all but disappear by the mid-1930s, and it wasn’t until the 1970s – amid soaring oil prices and gasoline prices – that the potential of EVs began to be seriously considered again. [Read more…] about Electric Future: Stalled car revolution

Auve Tech launches new generation self-driving vehicle

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Estonian company Auve Tech has launched a new generation self-driving vehicle.

MiCa is the latest self-driving shuttle from Auve Tech, which specializes in developing and producing autonomous vehicles.

The startup says MiCa takes safety, practicality and self-driving to “a new level” and allows autonomous driving in various weather and traffic conditions. [Read more…] about Auve Tech launches new generation self-driving vehicle

Car Exports 101

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The automotive industry is a vital part of the global economy, and the export of cars is a significant contributor to this.

There are several reasons countries export cars. For example, a country may have a surplus of cars that it cannot sell domestically, or it may seek to take advantage of attractive foreign markets.

Whatever the reason, exporting cars can be a complex process, and there are a number of things that need to be taken into consideration. [Read more…] about Car Exports 101

Rootstock Software partners with Xitricon to deliver Rootstock Cloud ERP to the Middle East

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Rootstock Software, a leading provider of cloud Enterprise Resource Planning (ERP) solutions built on the Salesforce platform, has agreed a partnership with Xitricon, a Dubai-headquartered company that specializes in planning, configuration, and implementation of enterprise solutions, such as ERP and customer relationship management (CRM).

Xitricon operates in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, countries comprising the Gulf Cooperation Council. It also has a development and resource center in Sri Lanka.

Henk Bruinekreeft, regional vice president at Rootstock Asia Pacific, says: “With this partnership, we add six countries to our international ERP market, and we extend our presence in the Middle East. [Read more…] about Rootstock Software partners with Xitricon to deliver Rootstock Cloud ERP to the Middle East

Global Industrial Impact of Covid-19

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Covid-19 is not just a global pandemic and public health crisis. Industries around the world are adjusting to a new normal, but normal is no longer an option.

Strict social distancing rules have left many manufacturing businesses with fewer staff and, in some countries, these industries have had to close their doors to try and flatten the curve of infections.

As many manufacturing plant managers know, switching production on and off is not an easy or affordable task. Below we have highlighted just a few of the ways Covid-19 has impacted global industrial manufacturing. [Read more…] about Global Industrial Impact of Covid-19