skip to Main Content
Hypertherm Launches Venture Capital Arm For Advanced Manufacturing Technology

Hypertherm Launches Venture Capital Arm For Advanced Manufacturing Technology

Hypertherm, has announced the formation of Hypertherm Ventures, a new corporate venture capital (CVC) arm, to foster greater interaction with the technology venture community.

Encompassed by a goal of helping advanced manufacturing deliver positive change to the world, Hypertherm Ventures is seeking partnerships with universities, startups, entrepreneurs, and early stage companies to commercialise advanced manufacturing technologies in strategic interest areas. Those areas include industrial cutting, welding, and thermal processing; robotics and automation; machine learning and augmented intelligence; industrial Internet of Things; additive manufacturing /3D printing and nanotechnology.

“Just as we began 50 years ago with an invention that made plasma cutting commercially viable for the first time ever, we look forward to supporting other entrepreneurs as they work to bring their inventions to life,” said Nathan Pascarella, Hypertherm Ventures’ business development manager. “If you are an entrepreneur or leading an early stage company in advanced manufacturing within our strategic interest areas, Hypertherm Ventures would love to hear more about you and your business.”

Hypertherm believes its experienced leadership team, combined with a wide range of advanced manufacturing process experts proficient in lean, Six-Sigma, and similar methodologies will benefit entrepreneurs and early stage companies. In addition, Hypertherm can support venture partners through its expertise with advanced technology development, engineering, complex supply chain management, global service and distribution networks, as well as a track record of marketing and selling new products.

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

Tenfold Increase In Number Of “Intelligent” APAC Enterprises Since 2017

Tenfold Increase In Number of “Intelligent” APAC Enterprises Since 2017

SINGAPORE: Zebra Technologies Corporation has announced the results of its second annual “Intelligent Enterprise Index.” which is a global survey that measures where companies are on the journey to becoming an “intelligent enterprise” – one that connects the physical and digital worlds to drive innovation through real-time guidance, data-powered environments and collaborative mobile workflows.

By scoring more than 75 points on the overall Index, the number of companies globally defined as an “intelligent enterprise” doubled to 10 percent in 2018. In Asia-Pacific, there was a spike in the number of companies that were rated as truly “intelligent” – moving up by 20 percentage to 22 percent this year. The average Asia-Pacific score increased from 49 points in 2017 to 63 points in 2018, underscoring the rapid adoption of Internet of Things (IoT) solutions in the region. The Index measures to what extent companies today are meeting the criteria that define today’s Intelligent Enterprise. Overall, the Index reveals year-over-year growth of Internet of Things (IoT) deployment and investment, highlighting new momentum as enterprises expect less resistance to adoption and increasingly acknowledge IoT solutions as a core component for driving future growth across their organizations.

“As new technologies continue to transform the front line of business, real-time data-driven signals at the edge of operations are empowering front-line workers with the right information to optimize actions and outcomes,” said Tom Bianculli, Chief Technology Officer, Zebra Technologies. “Based on our second annual Index, it’s clear that more companies acknowledge the value of leveraging IoT strategies, and they will continue to propel adoption and investment in the future.”

Key Index Findings

  • IoT investment is up, and resistance to adoption is down. The Index reveals for those companies surveyed, their average annual spend on IoT is up 4 percent year-over-year globally, while it was a 12 percent increase in Asia-Pacific. And 86 percent of the companies surveyed globally expect that number to increase in the next 1-2 years, with nearly half anticipating investment growth of 11-20 percent. As employees become more receptive to new technologies, the number of companies that expect resistance to their IoT plans moving forward has dropped from 75 percent in 2017 to 64 percent this year.
  • Enterprises are driving a performance edge with real-time guidance. 52 percent of respondents globally say information from their IoT solutions is shared with employees in real or near-real time. This is up 37 percent from last year’s Index, underscoring the increased need for collaborative mobile workflows. Asia-Pacific companies are more advanced in this area, with 58 percent of companies sharing data with employees in such frequency. In addition, two-thirds of those surveyed globally have established a plan on how to organise and analyse their data. This is up 10 percent from last year. Real-time analytics (66 percent) and security (63 percent) were reported as the most prevalent elements of a company’s data management plan.
  • Empowering the front-line. Notably, organisations are empowering their front-line with actionable data as 32 percent of the respondents say they provide insights to the front-line workers. This reflects the need for innovations, technologies and real-time data at the edge of the enterprise. In Asia-Pacific, this stands at 41 percent, up seven percentage points from last year’s index.
  • Security is a top priority across the enterprise. Companies are taking a more proactive, thorough approach when it comes to employing security standards within their IoT solutions. The Index revealed an 18 percentage point increase in the number of companies that are constantly – versus routinely – monitoring their IoT security to ensure privacy and integrity. In Asia-Pacific, the increase was 20 percentage points from a year ago.
  • Companies are demonstrating a greater reliance on a solution ecosystem. 40 percent of the companies surveyed globally report using a strategic partner to manage their entire IoT solution, up from 21 percent from 2017. This was higher in Asia-Pacific at 54 percent. This dependence on third-party expertise and management of IoT processes, similar to Zebra’s Savanna platform empowering its customers and partners, is a key indicator that an enterprise is committed to accelerating data intelligence and adopting IoT.

Survey Background And Methodology

  • The online survey was fielded from Aug. 6 – Sept. 14, 2018 across a wide range of segments, including healthcare, manufacturing, retail and transportation and logistics.
  • In total, 918 IT decision makers from nine countries were interviewed, including the U.S., U.K./Great Britain, France, Germany, Mexico, Brazil, China, India, and Japan.
  • Eleven metrics were used to understand where companies are on the path to becoming an Intelligent Enterprise, including: IoT Vision, Business Engagement, Technology Solution Partner, Adoption Plan, Change Management Plan, Point of Use Application, Security & Standards, Lifetime Plan, Architecture/Infrastructure, Data Plan and Intelligent Analysis.
  • The criteria were identified by executives, industry experts and policymakers across different industries at the 2016 Strategic Innovation Symposium: The Intelligent Enterprise, hosted by Zebra in collaboration with the Technology and Entrepreneurship Center at Harvard (TECH).
  • The framework of an Intelligent Enterprise is based on technology solutions that integrate cloud computing, mobility, and the Internet of Things (IoT) to automatically “sense” information from enterprise assets. Operational data from these assets, including status, location, utilisation, or preferences, is then “analysed” to provide actionable insights, which can then be mobilised to the right person at the right time, so they can be “acted” upon to drive better, more-timely decisions by users anywhere, at any time.

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

Rolls-Royce And Intel To Collaborate On Autonomous Shipping Systems

Rolls-Royce And Intel To Collaborate On Autonomous Shipping Systems

Rolls-Royce and Intel are intending to collaborate on designs for sophisticated intelligent shipping systems that will make commercial shipping safer.

This will advance smart, connected and data-centric systems for ship owners, operators, cargo owners and ports, bringing together the expertise in advanced ship technology from Rolls-Royce with components and systems engineering from Intel. With a focus on safety, new ships will have systems with the same technology found in smart cities, autonomous cars and drones.

The new shipping intelligence systems will have data centre and artificial intelligence capabilities as well as sophisticated edge computing throughout that independently manage navigation, obstacle detection and communications. The components embedded in these systems are dedicated to work load consolidation, edge computing, communications and storage.

Kevin Daffey, Rolls-Royce, Director, Engineering & Technology and Ship Intelligence said: “We’re delighted to sign this agreement with Intel, and look forward to working together on developing exciting new technologies and products, which will play a big part in enabling the safe operation of autonomous ships. This collaboration can help us to support ship owners in the automation of their navigation and operations, reducing the opportunity for human error and allowing crews to focus on more valuable tasks.

“Simply said, this project would not be possible without the leading-edge technology Intel brings to the table. Together, we’ll blend the best of the best, Intel and Rolls-Royce to change the world of shipping.”

Adrian Criddle, General Manager and SVP of Intel UK said: “Rolls-Royce is a key driver of innovation in the shipping industry we are proud to be working with them on smart, connected and data-centric systems that will be a foundation for safe shipping operations around the world in the future.”

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

EuroBLECH 2018 Launches In Hannover

EuroBLECH 2018 Launches In Hannover

GERMANY: EuroBLECH 2018, the 25th International Sheet Metal Working Technology Exhibition, has opened its doors at the Hannover Exhibition Centre in Germany. Until Friday, the 26th October 2018, a total of 1,507 exhibitors from 40 countries will present the latest technologies along the entire sheet metal processing chain. With a net exhibition space of 89,875 square metres, this year’s EuroBLECH has further grown in exhibition space by 2,000 square metres, compared to the last event in 2016.

This year, 58% of exhibitors at EuroBLECH come from outside Germany. The percentage of international exhibiting companies has thus increased by a further 4% with the biggest exhibitor countries coming from Germany, Italy, China, Turkey, the Netherlands, Spain, Switzerland, Denmark, the USA and Austria.

For this year’s 25th edition of EuroBLECH, the main topics are Industry 4.0, big data and digitalisation. These new trends and developments offer advantages in terms of new business approaches, streamlining and simplifying processes as well as the improvement of productivity and efficiency. Therefore, the organisers, Mack Brooks Exhibitions, have chosen the motto ‘Step into the digital reality’ as the overall theme of EuroBLECH 2018. Visitors can expect the most comprehensive technology range in terms of industrial digitalisation of sheet metal working at the show this year.

EuroBLECH will also present the entire sheet metal working technology chain, ranging from high tech systems to conventional machinery. This covers sheet metal, semi-finished and finished products, handling, separation, forming, flexible sheet metal working, joining, welding and surface treatment, processing of hybrid structures, tools, additive manufacturing, quality control, CAD/CAM/CIM systems and R&D. The show attracts sheet metal working specialists at all management levels in small and medium-sized companies as well as in large enterprises. Visitors include design engineers, production managers, quality managers, buyers, manufacturers, technical directors and experts from associations and R&D.

EuroBLECH Awards Ceremony

The winners of the EuroBLECH Online Competition ‘Step into the digital reality’ will receive their prizes at the official awards ceremony. The ceremony will take place on Wednesday 24th October 2018, at 14.00 hrs, in Hall 16, Stand C51. Prizes will be awarded in the following three categories: Digital Transformation, Best Start-Up and E-Mobility.

More information on EuroBLECH can be found at: www.euroblech.com.

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

Accenture’s Research Report Provides Insights On Effective Digital Technology Adoption

Accenture’s Research Report Provides Insights On Effective Digital Technology Adoption

SINGAPORE: Accenture’s “Delivering Digital Dividends” report identifies value-gaps that organisations should address when adopting and implementing digital technologies. This research report builds on Accenture’s “Combine and Conquer” report from last year, which identified the best combinations of digital technologies to drive maximum business impact. “Combine and Conquer” calculated that companies that implemented those technologies effectively could boost their market capitalisation by 28 percent, on average.

The goal of this new research report is to help clients realise such gains by becoming what Accenture refers to as “Industry X.0” businesses which are defined as organisations that combine digital technologies to drive exceptional efficiency gains, create new, hyper-personalised experiences and enable new business models to drive both top and bottom line growth.

While the report focuses initially on five technologies (artificial intelligence (AI), augmented/virtual reality, big data, blockchain and robotics) found to be widely relevant and applicable across industries, it can be applied to a variety of other digital technologies, including mobile computing, 3D printing and digital twin, among others.

The report has dentified five broad areas related to technology implementation, referred to as “value-triggers,” along with a series of sub-elements for each trigger. The five value-triggers are:

  1. Value Potential. This focuses on the potential costs savings and gains in market cap value that the technology can deliver.
  2. Talent Readiness. This looks at both the existing workforce — in terms of the availability of talent and skills required for development, integration and maintenance of the technology — as well as the current demand and supply for talent with the specific technology skillset.
  3. Capital Adequacy. This considers the growth in venture capital investment, as well as the number of mergers and acquisitions related to the technology over the past three to five years.
  4. Ecosystem Maturity. This analyses the availability of widely accepted standards and protocols for the technology,efforts made to address interoperability challenges, the number of consortiums (academic and industry-specific) formed to advance the technology and the number of start-ups focused on advancing the technology.
  5. Adoption Intensity. This considers a variety of sub-elementssuch as the number of use case applications built using the technology, the number of use cases that have made it to commercial deployment, the estimated growth in technology spend, the number of companies investing in and/or developing the technology or related offerings and C-suite perception of the technology’s ability to improve efficiencies and deliver new experiences.

The value-triggers form the core of the Accenture Digital Dividends Diagnostic, a tool that measures the advancement of the technology against each of the value-trigger sub-elements on a scale of one to five. In which the smaller the number, the lower the advancement of that technology in the context of the particular sub-element of the value trigger. The value-trigger scores can be assessed for specific industries. This enables an enterprise to take necessary measures toward bridging value-gaps in the context of technologies adopted. For instance, a company adopting a technology with a low ‘Talent Readiness’ score can start investing to either build the necessary talent pool within its organisation or tap ecosystems to acquire the talent.

“When investing in a new technology, businesses often focus inward within their enterprise and ignore external factors — such as the available talent pool or industry investment in the technology — that could help them decide if the implementation of the technology is viable or feasible within their organisation,” said Raghav Narsalay, a managing director at Accenture Research, who led the Delivering Digital Dividends research. “The Digital Dividends Diagnostic we developed as part of our research takes the guesswork out of where the roadblocks to technology adoption might be and provides a clear understanding of what you will need to do to manage the implementation of the technology.”

The report notes that disregarding even a single value-trigger can be costly. For instance, the research found that companies that managed the ecosystem value-trigger particularly well are known as “ecosystem engagers”  and could achieve cost reductions per employee that were 2.4 percentage points greater, on average, than those of other companies. Therefore, for the three year period between 2013 and 2016, this translated to cost savings of US$844 million for the ecosystem engagers, on average.

“Given that nearly half of executives surveyed as part of last year’s ‘Combine and Conquer’ research cited an inability to combine rapidly evolving digital technologies as a key obstacle to successfully transforming their business, our new research should help ease their implementation concerns,” Narsalay said.

Aidan Quilligan, a managing director at Accenture and global lead of its Industry X.0 practice, said, “Executives don’t have to understand all the ins and outs of a technology to get the most value from it, but they must understand the broader business landscape around the technology. While there are many excellent frameworks for assessing the internal digitisation readiness of a company, until now you were on your own if you wanted to run an assessment of the external factors that might influence your digital transformation. Our Digital Dividends Diagnostic now makes this possible, providing a framework to help you get maximum value from digital technologies.”

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

 

Back To Top