Industrial

Management 'bought the AI hype' and expect value but research shows lack of organizational readiness is primary hurdle: IFS

Retrieved on: 
Tuesday, April 23, 2024
Ageing, System, AI, Research, Pressure, A&D, Optimism, ESG, Failure, Data management, Artificial intelligence in industry, Construction, Industrial, Organization, Engineering, Energy

LONDON, April 23, 2024 /PRNewswire/ -- New research from IFS, the global cloud enterprise software company, has found that executive and board leadership have 'bought the AI hype' but organizations are unable to deliver operationally on expectations. The new global study of 1,700 senior decision makers, Industrial AI: the new frontier for productivity, innovation and competition, found that the promise of AI is being held back by technology, processes and skills. Half of respondents remain optimistic that with the right AI strategy, value can be realized in the next two years, and a quarter believe in the next year.

Key Points: 
  • The hype has become so high that 82% of senior decision-makers acknowledge that there is significant pressure to adopt AI quickly.
  • According to IFS, a robust Industrial AI strategy requires a potent combination of cloud, data, processes, and skills.
  • 80% of respondents agree that the lack of a strategic approach means they have insufficient skills in-house to successfully adopt AI.
  • AI value simply will not be found in a single AI capability but instead by delivering AI across all products and business processes.

Management 'bought the AI hype' and expect value but research shows lack of organizational readiness is primary hurdle: IFS

Retrieved on: 
Tuesday, April 23, 2024
Ageing, System, AI, Research, Pressure, A&D, Optimism, ESG, Failure, Data management, Artificial intelligence in industry, Construction, Industrial, Organization, Engineering, Energy

LONDON, April 23, 2024 /PRNewswire/ -- New research from IFS, the global cloud enterprise software company, has found that executive and board leadership have 'bought the AI hype' but organizations are unable to deliver operationally on expectations. The new global study of 1,700 senior decision makers, Industrial AI: the new frontier for productivity, innovation and competition, found that the promise of AI is being held back by technology, processes and skills. Half of respondents remain optimistic that with the right AI strategy, value can be realized in the next two years, and a quarter believe in the next year.

Key Points: 
  • The hype has become so high that 82% of senior decision-makers acknowledge that there is significant pressure to adopt AI quickly.
  • According to IFS, a robust Industrial AI strategy requires a potent combination of cloud, data, processes, and skills.
  • 80% of respondents agree that the lack of a strategic approach means they have insufficient skills in-house to successfully adopt AI.
  • AI value simply will not be found in a single AI capability but instead by delivering AI across all products and business processes.

HighByte Announces Series A Raise to Accelerate Growth in Industrial DataOps Market

Retrieved on: 
Tuesday, April 23, 2024
Sale, ARR, Research, Growth, DataOps, Data collection, Industrial, Investment, PTC

PORTLAND, Maine, April 23, 2024 /PRNewswire/ -- HighByte®, an industrial software company, today announced its Series A funding round led by Standard Investments, a platform investing in innovative growth companies at the intersection of the digital and physical worlds. Standard Investments is leading the round with participation from existing HighByte investors, including Exposition Ventures, Maine Venture Fund, and outstanding convertible note holders. New funds will be primarily allocated across research and development, strategic partner management, and customer success to accelerate market penetration and expand deployments within existing accounts.

Key Points: 
  • New funds will be primarily allocated across research and development, strategic partner management, and customer success to accelerate market penetration and expand deployments within existing accounts.
  • "HighByte's unique Industrial DataOps platform enables data collection, analysis, and applications that can dramatically improve physical industrial operations," said Ben Sampson, Managing Director of Standard Investments, who will join the HighByte Board of Directors.
  • "At Standard Investments, we're focused on investing in companies that leverage technology to shape the industrial world and we're excited to partner with HighByte in its next stage of growth."
  • HighByte has developed a unique Industrial DataOps software solution, HighByte Intelligence Hub , that enables manufacturers to merge, prepare, and deliver modeled industrial data to and from IT systems without writing or maintaining code.

Silicon Labs Streamlines Energy Harvesting Product Development for Battery-Free IoT

Retrieved on: 
Monday, April 22, 2024
Ambient, Internet, RTC, Ecosystem, Radio, Internet of things, Solar energy, EM4, Silicon Labs, Partnership, Motion, Light, Senior, Wireless, LED, Silicon, GPIO, LE, Longevity, Sleep, Industrial, Socs, MCU, Transformer

AUSTIN, Texas, April 22, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced their new xG22E family of Wireless SoCs, Silicon Labs' first-ever family designed to operate within the ultra-low power envelope required for battery-free, energy harvesting applications. The new family consists of the BG22E, MG22E, and FG22E. As Silicon Labs' most energy-efficient SoCs to date, all three SoCs will enable IoT device makers to build high-performance, Bluetooth Low Energy (LE), 802.15.4-based, or Sub-Ghz wireless devices for battery-optimized and battery-free devices that can harvest energy from external sources in their environments like indoor or outdoor ambient light, ambient radio waves, and kinetic motion.

Key Points: 
  • To help device manufacturers build a complete energy harvesting solution, Silicon Labs is also announcing their partnership with e-peas , a provider of industry-leading Power Managed Integrated Circuits (PMICs) designed for energy harvesting.
  • Through this partnership, Silicon Labs and e-peas co-developed two energy harvesting shields for Silicon Labs' new, energy-optimized xG22E Explorer Kit.
  • The energy harvesting shields are each tuned and optimized for different energy sources and energy storage technologies.
  • "As the market for energy harvesting and low-power solutions grows, Silicon Labs remains dedicated to enhancing our wireless MCU and radio stack capabilities to advance the development of battery-free IoT solutions," said Ross Sabolcik, Senior Vice President for the Industrial and Commercial Business Unit at Silicon Labs.

MultiTech Receives 2024 Industrial IoT Product of the Year Award

Retrieved on: 
Wednesday, April 17, 2024
Internet of things, IA Financial Group, TMC, Community, Router, Modem, Automation, CBRS, Industrial, Website, Customer service

MOUNDS VIEW, Minn., April 17, 2024 /PRNewswire-PRWeb/ -- Multi-Tech Systems, Inc, a leading supplier of Internet of Things (IoT) devices and services, announced today that the MultiConnect® rCell 500 Series Private LTE Cat 12 CBRS Industrial Cellular Router has received a 2024 IoT Evolution Industrial IoT Product of the Year Award from IoT Evolution World, the leading magazine and Website covering IoT technologies.

Key Points: 
  • MOUNDS VIEW, Minn., April 17, 2024 /PRNewswire-PRWeb/ -- Multi-Tech Systems, Inc, a leading supplier of Internet of Things (IoT) devices and services, announced today that the MultiConnect® rCell 500 Series Private LTE Cat 12 CBRS Industrial Cellular Router has received a 2024 IoT Evolution Industrial IoT Product of the Year Award from IoT Evolution World, the leading magazine and Website covering IoT technologies.
  • "The solutions selected for the Industrial IoT Product of Year Awards represent the diverse range of innovation driving the multi-billion dollar IoT market today.
  • "The solutions selected for the Industrial IoT Product of Year Awards represent the diverse range of innovation driving the multi-billion dollar IoT market today.
  • "It is my pleasure to recognize MultiConnect rCell 500 Series Router, an innovative solution that earned MultiTech the 2024 Industrial IoT Product of the Year Award," said Rich Tehrani, CEO, TMC.

AUKEY Wins Multiple iF and Red Dot Design Awards

Retrieved on: 
Wednesday, April 17, 2024
Industrial design, Electronics, Pro, Red, Wireless, Industrial, Television

HONG KONG, April 17, 2024 /PRNewswire/ -- AUKEY, a global provider of consumer electronics, has received two iF Design Awards 2024 and four Red Dot Awards 2024 in recognition of the aesthetics and functionality of its products.

Key Points: 
  • HONG KONG, April 17, 2024 /PRNewswire/ -- AUKEY, a global provider of consumer electronics, has received two iF Design Awards 2024 and four Red Dot Awards 2024 in recognition of the aesthetics and functionality of its products.
  • AUKEY's MagFusion 3-in-1 Wireless Charging Station received both the iF Design Award and Red Dot Award for its efficient charging performance, ability to eliminate cable clutter, and "simple yet elegant" aesthetic featuring aviation aluminum.
  • The brand's MagFusion Z Foldable 3-in-1 Charging Station also received both the iF Design Award and Red Dot Award for its lightweight and portable design, secure magnetic connection, and comprehensive charging capabilities.
  • The fourth Red Dot Award AUKEY received this year was for its Magnetic Cable Holder.

Asset Integrity Management Market worth $31.5 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, April 16, 2024
Aker Solutions, Ultrasound, Metrology, NDT, TechnipFMC, DNV, Fluor Corporation, Baker Hughes, Defense, Final good, Food, Fossil fuel, Intertek, SGS, Nondestructive testing, International, Safety, Statistics, Agriculture, Certification, Pressure, Medicine, Ultrasonic testing, Industrial, Acoustic emission, Bureau Veritas, Region, Current source, Measurement, Growth, Row, Inspection

As industries increasingly prioritize safety, regulatory compliance, and operational efficiency, the demand for NDT inspection services continues to surge, further solidifying its dominance in the asset integrity management market.

Key Points: 
  • As industries increasingly prioritize safety, regulatory compliance, and operational efficiency, the demand for NDT inspection services continues to surge, further solidifying its dominance in the asset integrity management market.
  • Oil & gas industry holds for the largest share in asset integrity management market.
  • Oil and gas industry holds the largest share in the asset integrity management market due to its critical reliance on maintaining the integrity of complex infrastructure and equipment.
  • These players have a strong market presence of asset integrity management across various countries in North America, Europe, Asia Pacific and the Rest of the World (RoW).

Asset Integrity Management Market worth $31.5 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, April 16, 2024
Aker Solutions, Ultrasound, Metrology, NDT, TechnipFMC, DNV, Fluor Corporation, Baker Hughes, Defense, Final good, Food, Fossil fuel, Intertek, SGS, Nondestructive testing, International, Safety, Statistics, Agriculture, Certification, Pressure, Medicine, Ultrasonic testing, Industrial, Acoustic emission, Bureau Veritas, Region, Current source, Measurement, Growth, Row, Inspection

As industries increasingly prioritize safety, regulatory compliance, and operational efficiency, the demand for NDT inspection services continues to surge, further solidifying its dominance in the asset integrity management market.

Key Points: 
  • As industries increasingly prioritize safety, regulatory compliance, and operational efficiency, the demand for NDT inspection services continues to surge, further solidifying its dominance in the asset integrity management market.
  • Oil & gas industry holds for the largest share in asset integrity management market.
  • Oil and gas industry holds the largest share in the asset integrity management market due to its critical reliance on maintaining the integrity of complex infrastructure and equipment.
  • These players have a strong market presence of asset integrity management across various countries in North America, Europe, Asia Pacific and the Rest of the World (RoW).

VoltServer Achieves Cisco Select Developer Status

Retrieved on: 
Monday, April 15, 2024
Organization, EVP, Cisco, History, Digital, GM, Communication, Airport, Power over Ethernet, Industrial, Industrial internet of things, IIOT, Network equipment provider

EAST GREENWICH, R.I., April 15, 2024 /PRNewswire/ -- VoltServer, a leading provider of Digital Electricity™ (DE), Fault Managed Power solutions, has attained Cisco Select Developer status. This accomplishment demonstrates VoltServer's expertise and solidifies its position as a trusted and valued collaborator within the industry.

Key Points: 
  • EAST GREENWICH, R.I., April 15, 2024 /PRNewswire/ -- VoltServer, a leading provider of Digital Electricity™ (DE), Fault Managed Power solutions, has attained Cisco Select Developer status.
  • The collaboration between VoltServer and Cisco opens new opportunities for both companies to drive innovation in efficient and sustainable power delivery solutions.
  • The attainment of Cisco Select Developer status marks a significant milestone for VoltServer as they continue their 10-year deployment history as the industry's pioneering leader in Fault Managed Power, via their Digital Electricity platform.
  • For more information about VoltServer and its innovative power delivery solutions, please visit voltserver.com.

SCADA Market worth $16.6 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, April 11, 2024
Cloud, Process, PAM, Agriculture, Education minister, Machine vision, Automation, Internet of things, User interface, Statistics, Schneider Electric, Stand-alone, Functional safety, Instrument, Automotive industry, Communication, Process control block, Transport, Oil, Discrete manufacturing, MES, Acquisition, DCS, Mobile robot, Rockwell Automation, Robotics, Data analysis, Digital twin, Economic development, Workforce, PLC, Condition monitoring, Distributed control system, HMI, Cael Sanderson, Medication, Industrial, ABB, Growth, Industrial internet of things, Government, Instrumentation

Within the discrete manufacturing landscape, SCADA systems serve as integral tools to uphold production efficiency and meet targeted output objectives.

Key Points: 
  • Within the discrete manufacturing landscape, SCADA systems serve as integral tools to uphold production efficiency and meet targeted output objectives.
  • Additionally, SCADA systems play a pivotal role in orchestrating industrial automation and robotics while concurrently monitoring processes and ensuring stringent quality control measures.
  • The escalating demand for such advanced SCADA systems is anticipated to be a key driver propelling growth within the SCADA market.
  • Software segment to grow at the highest CAGR in SCADA market during the forecast period.