Global conditions to remain challenging for manufacturers in 2020

Manufacturing Global | January 13, 2020

Shannon Murphy, Assistant Head of Risk Underwriting and manufacturing specialist at Euler Hermes, examines the last 12 months and explains where the risks lie for the sector in the year ahead. Manufacturers around the world have had a challenging year in 2019. The impact of the ongoing trade dispute between the US and China and uncertainty surrounding the UK’s withdrawal from the EU have both contributed to the slowing of the global economy, which will have given the sector’s leaders many sleepless nights this year. For the UK it has been particularly volatile, with global headwinds compounding the Brexit-related issues the sector faces. Input cost rises, uncertainty around tariffs after its withdrawal from the EU and unprecedented levels of stockpiling, along with a fall in investment levels in both technology and talent, have stagnated growth and resulted in a sharp rise in business failures.

Spotlight

After all, AI has long since found its way into everyday industrial life and is also a driving force behind the digital revolution in the food and beverage industry. Its raw material is large amounts of data, which can be accessed with the help of AI solutions such as Deep Machine Learning.

Spotlight

After all, AI has long since found its way into everyday industrial life and is also a driving force behind the digital revolution in the food and beverage industry. Its raw material is large amounts of data, which can be accessed with the help of AI solutions such as Deep Machine Learning.

Related News

IOhub™ IIoT Orchestrator Is Now Available on Siemens Simatic Devices

IOhub | June 24, 2021

Because of its simplicity of use, flexibility, and affordability, IOhub by EZ VPN is rapidly gaining popularity with system integrators and machine builders worldwide. EZ VPN makes IOhub available on Siemens Simatic IPC127E devices in response to strong customer demand. IOhub is a modular orchestrator and communication runtime that enables the development of IIoT applications without coding. IOhub enables developing Industry 4.0 applications and integrating heterogeneous PLCs, field sensors, and software easier and more inexpensive. The availability of IOhub features and advantages on the Siemens Simatic IPC127E will accelerate IOhub's adoption as an IIoT orchestrator and communication solution. The flexibility of IOhub A big automation client asked EZ VPN's European team to provide a significant number of installations with IOhub as a data management and integration solution. IOhub has to be installed on a Siemens-branded hardware device to meet the customer's standards and needs. In keeping with its goal, EZ VPN aims to keep its technology open and simple to use by making IOhub accessible on various platforms and making EZ VPN application modules available for free. Customers are not compelled to utilize proprietary languages, frameworks, SDKs, runtimes, and so on but instead benefit from the flexibility of an open-source Docker container orchestrator, such as IOhub. The complexity of creating environments, installing, deploying, configuring, maintaining, and monitoring system statuses are hidden on the back end with IOhub, while preserving the dependability and security of an open-source solution.

Read More

Symphony IndustrialAI Takes over Savigent to Speed-Up Digital Factory and AI initiatives in Manufacturing

Symphony IndustrialAI | March 09, 2021

Symphony IndustrialAI announced the acquisition of Savigent, the IIoT, and digital workflow orchestration leader. This acquisition aims further to advance Symphony IndustrialAI's leadership into plant and supply chain processes. The combination of Savigent connected factory and process optimization capabilities and Symphony IndustrialAI solutions based on its advanced EurekaAI technology platform. It will assist the process and discrete manufacturing customers significantly to develop process efficiency, quality, and energy consumption. Customers do understand tremendous value through Savigent's easy and quick-connect disparate systems and equipment within factories. Through this, it will provide the required visibility to enable improved decision-making and drive costly variability and inefficiencies out of a vast array of manufacturing processes. Symphony IndustrialAI further enhances Savigent's low-code platform, real-time IoT data capture, and work orchestration technologies with AI optimization technologies. This way, Savigent will drive additional value for Symphony IndustrialAI's existing condition monitoring, asset performance management, and predictive maintenance solutions. On this, Symphony IndustrialAI Chief Executive Officer Dominic Gallello mentioned that Savigent had experienced tremendous growth over the last few years. The combination of the Savigent process optimization platform and Symphony IndustrialAI's EurekaAI platform and solutions will augment value for Savigent customers in the future. Mutually, we will deliver additional optimization and analytics capabilities and hasten our global expansion. The solutions we can provide our customers, partners, and the industrial community are very persuasive." In addition, Savigent CEO Dean Truitt continues saying that "the Savigent platform is a critical component in driving IT-OT convergence. It is because it provides the required visibility across manufacturing operations and delivers higher-value applications. The demand for solutions to transform manufacturing operations and achieve measurable benefits has never been better. "The potential to improve process operations through Symphony IndustrialAI technologies and AI capabilities is an essential component of next-generation digital manufacturing." John Dyck, CEO of CESMII, the Clean Energy Smart Manufacturing Innovation Institute, further mentions that this is a tremendously exciting opportunity for both Savigent and Symphony IndustrialAI that will strengthen manufacturers' ability to deliver on the promise of Industry 4.0. This combination will extensively extend Savigent's next-generation manufacturing operations capabilities into machine learning, AI, process optimization, and manufacturing materials."

Read More

CREAFORM’S EXTENDS ITS PORTFOLIO OF NDT SOLUTIONS FOR THE OIL AND GAS INDUSTRY WITH THE Go!SCAN 3D WHITE LIGHT SCANNER

Creaform | July 08, 2020

Creaform, the worldwide leader in portable and automated 3D measurement solutions, today announced that the Go!SCAN 3D has been added to the company’s lineup of non-destructive testing (NDT) technologies for the oil and gas industry.“The Go!SCAN 3D white light scanner requires less preparation time, so technicians can carry out inspections on a pipe faster, reducing time spent in the ditch. It is really the ideal surface inspection tool for service companies looking for measurement speed and affordability. The Go!SCAN 3D really complements Creaform’s NDT offering, which already included the well-known HandySCAN 3D handheld scanner. The HandySCAN 3D remains the go-to solution for NDT integrity teams looking for high resolution, optimal accuracy, or 3D scanning on large surface areas,” said Jérôme-Alexandre Lavoie, Product Manager at Creaform. “Both 3D scanners are equally viable solutions for pipeline inspection teams but deliver different benefits. Compared to traditional methods, such as a pit gauge, our 3D scanners offer unmatched accuracy, repeatability, and on-site reporting.”

Read More