KX, Telit | October 05, 2021
KX, a worldwide leader in real-time streaming analytics, today announced that it has partnered with Telit, a global enabler of the Internet of Things (IoT), to deliver an end-to-end, enterprise-grade industrial analytics platform that combines KX's real-time streaming analytics capabilities with Telit's deviceWISE® Industrial IoT platform.
The partnership enables true, in-the-moment microsecond decision making by bringing together acknowledged leaders in low-latency connectivity and analytics. In one integrated solution, customers have both the unrivalled connectivity and simplicity of Telit's deviceWISE IoT platform and the power of KX's streaming analytics technology.
Already deployed at a large manufacturing site in Europe, the joint solution enables manufacturers to significantly enhance operational performance by applying advanced AI models to all production data regardless of type of machine or format of data. This integration of operational technology with IT systems allows for a deeper, richer understanding of the manufacturing process enabling automation of quality control processes and the delivery of preventive and predictive maintenance programs.
"Modern manufacturing organizations are seeing a huge increase in data, coming at them at speed, and the need to gain a truer understanding of the manufacturing process in real-time has never been greater," says Przemek Tomczak, SVP IoT and Utilities at KX. "Combining Telit's unrivalled ability to connect enterprise systems to industrial machines and sensors, and our market-leading streaming analytics capabilities, we can help customers predict operational issues, automate key decisions and significantly improve operational performance."
The award-wining Telit deviceWISE IoT Platform is a complete, data-centric IoT platform with pre-built device drivers, connectivity management tools and application connectors that enable development teams to focus on building apps, not infrastructure, and make systems work together the way their customers want. Powerful capabilities integrate with connected factories and connected machines to give teams total flexibility in how data is collected, where it is sent and how their solution responds to data based on events and changing conditions throughout deployment – whether in the Cloud, on premise or at the edge. With deviceWISE, legacy and modern devices work together without custom coding, regardless of the different protocols they may use.
With KX and Telit, systems integrators and manufacturers can implement a full-stack streaming analytics IoT platform. Leveraging data and analytics provides the insights needed to respond quickly to either bring on additional resources or tighten process controls to increase productivity,Data intelligence is critical in driving actionable insights to make informed business strategies, goals and decisions.
Ricardo Buranello, Head of Platforms Business Unit, Telit.
The market opportunity for the joint solution is considerable. The Industrial Analytics Market is valued at USD 13.60 billion and expected to reach USD 36.73 billion by 2026. With data volumes growing exponentially - Industry analyst firm IDC estimates that enterprise-related sensor data is growing at 40% per annum and will soon surpass all other data types - this joint offering answers demand from customers looking to accelerate time to deployment and value from their industrial automation strategies.
KX, the leading technology for real-time continuous intelligence, is part of FD Technologies plc, a group of data-driven businesses that unlock the value of insight, hindsight and foresight to drive organizations forward. KX Streaming Analytics, built on the kdb+ time-series database, is an industry leading high-performance, in-memory computing, streaming analytics and operational intelligence platform. It delivers the best possible performance and flexibility for high-volume, data-intensive analytics and applications across multiple industries. The Group operates from 15 offices across Europe, North America and Asia Pacific and employs more than 2,500 people worldwide.
Telit simplifies onboarding of connected 'things' with a portfolio of enterprise-grade wireless communication and positioning modules; cellular MVNO connectivity plans and management services; edge and cloud software; and data orchestration, IoT and Industrial IoT platforms. With over two decades of pioneering IoT innovation experience, Telit delivers award-winning, secure, integrated IoT solutions for many of the world's largest enterprises, OEMs, system integrators and service providers, so they can connect and manage IoT at any scale.
Xometry | February 10, 2021
Xometry is known for the largest U.S. marketplace. It is for custom manufacturing. Xometry recently released Xometry Pay. It is a new suite of payment for products. It will allow machine shops and custom manufacturers to accept credit cards and offer payment terms for their customers. The product is now available to manufacturers currently in Xometry's network as well as the broader manufacturing community.
The news continues with Xometry's success. The sucess is gained through a strong build of a network of small- and medium-sized manufacturers and deliver work through the AI-driven platform. Randy Altschuler, Xometry CEO mentioned Xometry Pay represents the expansion of its offerings. It has now become the destination for small manufacturers to improve their business. Xometry will manage predictable payment terms for all its customers in the future.
Xometry released two tools—Xometry Advanced Card and FastPay. These would enhance cash flow with higher flexibility. With Xometry Pay, any manufacturer can use these services on any job. This includes 30% payment in advance at the start of the job. And the remaining payment net-30 includes accelerated payment options if required.
Manufacturers and their customers can start using these services after following a process. This involves filling out a simple online registration form. Thus, Xometry is offering a free 90-day introductory period to encourage custom manufacturers. So that manufacturers can make use of this platform whenever required.
Xometry is the leading marketplace for custom manufacturing and connecting customers. It owns optimal manufacturing solutions. The company works through proprietary AI algorithms. Xometry is also providing on-demand manufacturing and industrial supply materials. It tries to the diverse customer base, ranging from start-ups to Fortune 100 companies. The list includes Dell Technologies, BMW, Bosch, General Electric, and NASA. Its nationwide network of supplier manufacturing maintains consistency and leads. This includes 3D printing, CNC machining, injection molding, sheet metal fabrication, and urethane casting. Xometry also offers an array of financing solutions. These help manufacturers to improve cash flow and promises for better growth.
PROCUREMENT & SUPPLY CHAIN
ThinkIQ | January 19, 2022
On January 18, ThinkIQ, a pioneer in SaaS-based digital manufacturing transformation, announced significant platform updates aimed at providing further capabilities for supply chain and production optimization in material-centric manufacturing.
ThinkIQ is the market's first platform-based Continuous Intelligence solution. It can be operationalized at a variety of levels, including supply chain, product quality, process improvement, and any time-sensitive process that benefits from the ability to respond to what is happening in real-time throughout the manufacturing process. Analytics are integrated directly into operational processes, which can perform or initiate actions to meet certain circumstances. This includes anything from time-sensitive warnings that direct staff to the appropriate course of action to completely automated procedures that initiate downstream activities without human participation.
Continuous Intelligence bridges the divide between what is happening in your operations and the available data and insights. This increases the effectiveness with which individuals and processes adjust to rapidly changing environments.
Manufacturers can now gather, analyze, and exchange data in previously unimaginable ways using ThinkIQ. ThinkIQ blends continuous data input capabilities with a well-defined model that is tailored to manufacturers and their supply networks, accomplishing the objective of having current, meaningful data. The current edition offers several new features, including the following:
The ability to close the loop between the edge and the cloud, where AI may be performed, and then back to the edge for action. This is a critical step toward creating a self-driving autonomous supply chain.
Numerous modeling innovations, including automated transmission of model configuration information, facilitate corporate standard adoption.
Organizational and geographic characteristics. This is crucial for the continual roll-up of corporate, business unit, and plant-level key performance indicators. ThinkIQ enables the rollup of any key performance indicator (KPI), including operational, environmental, safety, and financial indicators.
Enhancements to ThinkIQ's GraphQL API in order to facilitate integration with third-party apps.
A new Model Browser makes it simple to locate objects within the model.
New attribute phrases for basic and weighted moving averages. The expressions consider how the interpolated data between the recorded points should be interpreted and do not require that the data input stream be sampled uniformly in time.
Our on-premises gateways and connectors have been strengthened in terms of resilience and performance.
Enhancements to our cyber security program in accordance with our SOC 2 compliance program.
"The supply chain has been in disarray since the pandemic started, and accurate materials tracking is more important than ever before for manufacturers, With our enhanced Continuous Intelligence solution, our customers can respond and adapt their manufacturing processes automatically based on ever-changing conditions by leveraging contextualized, time-sensitive data."
-Niels Andersen, CTO, and CPO of ThinkIQ.
It is a cloud-based SaaS Manufacturing platform facilitates the development of web-based apps by leveraging the Internet of Things, Big Data, Data Science, Semantic Modeling, and Machine Learning. The platform collects data from all aspects of the business (existing and IIoT sensors) in order to give actionable real-time insights (e.g., identify correlations and root causes, traceability and yield issues, etc.). It enables a new degree of capacity that is not yet possible in standalone unconnected operating environments.