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Study predicts huge growth in industrial IoT applications in one Year, IFS Study Reveals

Niji Ng

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Reading Time: 1 minute

 

A survey conducted by IFS, the global enterprise applications company, is predicting unprecedented growth for internet of things (IoT) applications in industrial companies in one-year time.

The respondents of the study included executives of manufacturing companies and oil and gas companies.

The study offers the following conclusions:

  • Companies collecting IoT data on entire work cells or production lines rather than individual machine components or individual machines has increased by 17 per cent. This enables more advanced use cases, which helps explain a 30 per cent increase in use of IoT to support asset performance management.

 

  • Respondents using IoT to monitor their customers’ equipment saw a 10 per cent increase, potentially signalling transformational approaches to field service management.

Despite these advances, the percentage of respondents who have integrated IoT data streams with their enterprise resource planning (ERP) software hovers at 16 per cent. This reluctance may represent a barrier to leveraging IoT to deliver net new business models or revenue opportunities.

“Enterprise IoT integration allows you to take incoming data from connected devices and use it to create business events in ERP,” IFS Chief Product Officer Christian Pedersen said. “The software can either present that data to humans or act on it as it comes in. Think of the potential for IoT constantly streaming into ERP through the business logic, where artificial intelligence (AI) applications constantly learn and apply that learning by creating new business logic. That is when AI will see the real breakthrough—and when ERP systems will dramatically transform, changing the way we think about them.”

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Artificial Intelligence

Furrion launches AI virtual concierge Angel

Niji Ng

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Photo Source: Furrion Youtube - Introducing Furrion Angel
Reading Time: 2 minutes

 

Furrion, a premier developer of innovative products and solutions has launched Angel, a new virtual concierge equipped with artificial intelligence features. Angel is designed to easily control your living space, whether in the home, a recreation vehicle or aboard a yacht, and to enhance your daily life and/or travel experience.

“It is incredible to see our vision, Angel, be a reality here at CES,” said Matt Fidler, co-founder and chief marketing officer for Furrion. “Furrion has long pushed the boundaries of innovation and we are proud to give consumers an always-present assistant that keeps their data secure while helping them enjoy their journey. We know that sometimes the best adventures require getting off the grid, which is why Angel was created to always be there to assist regardless of their Internet connection.”

 

Angel, powered by a limitless network, has the in-built intelligence to respond to your every move. It can assist the users in a variety of ways, from controlling the kitchen accessories to ordering groceries or supplies. Angel also provides the news and weather; it can control your morning playlist, guide you through a yoga workout and so much more. Powered by artificial intelligence, it uses facial recognition to learn your personal preferences to customise your experience. Facial recognition authentication is an added security benefit, as Angel is able to know who is who and adjust the environment to their preferences. Learning your preferences helps Angel suggest things you may like, whether a new activity at your destination, a new restaurant or perhaps a new outfit as Angel learns your sizes and recommends outfits from your favourite retailer. Naturally, sometimes you just want to be in the middle of nowhere and a strong connection may not be available, but that is no problem for Angel; it can operate on the Angel closed network or online.

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Artificial Intelligence

People.ai colloborates with Slack to provide live deal data and enable revenue growth

Niji Ng

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Photo Source: people.ai - About People.Ai & Team
Reading Time: 2 minutes

 

People.ai, a US-based provider of revenue intelligence platform for marketing teams, has announced a collaboration with Slack for seamlessly providing sales teams with AI-powered insights and real-time win-loss deal analytics.

Sales, marketing, and customer success teams will now benefit from the Slack integration to automatically surface real-time insights on every contact, activity, buying group and engagement of won, lost or active opportunities—most importantly, natively on the Slack platform that they are already using every day to collaborate.

“Modern sales is a team sport and with increasing complexity of enterprise sales account executives have less margin for error. They need to learn from each other’s wins and losses more effectively, in real-time, and without information overload,” said Oleg Rogynskyy, CEO and Founder, People.ai. “People.ai has the ability to capture and present all of the deal data, including engaged contacts, activities, and buying group composition, and then surface this data in Slack, the channel where reps spend most of their time—and in an insightful but still bite-size format that allows for effective team learning.”

“When you capture, analyse and provide such insights to the sales team, everybody learns and deals are accelerated. It’s easier to identify missing personas in the buying group or best next steps, if you’ve learned how your colleagues have handled similar situations. This lets sales professionals ramp faster and get more wins. That’s why Slack highlights People.ai as a way to help teams work better together,” says Rogynskyy

Besides capturing all sales contacts and activity data, automating all CRM data entry, and helping sales professionals ramp faster, People.ai promotes alignment of sales with marketing and customer success teams, as everyone can see how the deal progressed and which activity led to results.

This latest integration is one of almost a hundred integrations People.ai has created. Besides distributing knowledge via Slack, People.ai can deliver rich deal and sales behaviour analytics data and the AI-insights through daily or weekly emails, via API to data warehouses or business intelligence systems, via Einstein Analytics or native Salesforce reporting, and via People.ai’s own intelligent suite of products. People.ai effortlessly improves sales execution without having salespeople log into yet another dashboard or leave their work environment of choice.

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Artificial Intelligence

Acutronic Robotics opens preorders for the first modular cobot powered by ROS 2.0

Zoltán Tűndik

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Reading Time: 2 minutes

 

MARA can be seamlessly extended just by adding new parts, thanks to the newly developed H-ROS SoM

Pre-orders for the first modular cobot with the Robot Operating System (ROS 2.0) running into each of its actuators, sensors and other modules, are now open and available worldwide at acutronicrobotics.com/products/MARA.

With real-time synchronization, deterministic communication latencies and automatic over the air updates, the MARA robot offers industrial-grade features and empowers new possibilities in the professional landscape of robotics.

The plug-and-play cobot can be physically extended in a seamless manner just by adding robot parts. It therefore enables high customization and adapts to any specific application.

MARA has specifically been created to solve new and challenging automation demands that require dexterity and flexibility. The price of the robot starts at 15.000 €.

Mass customization, empowered by the H-ROS SoM

MARA works through the H-ROS SoM, a hardware device that makes any robot part compatible and interoperable with others, regardless of their vendor.

Enabling true modularity, the H-ROS SoM greatly simplifies and reduces the time spent in the integration phase, the largest bottleneck in robotic development today.

In the particular case of MARA, the robot parts that compose it are made out of Han’s D-Module actuators: industrial grade 2DoF electrical motors that include encoders and an electro-mechanical breaking system to be controlled through Ethercat slaves.

MARA operates together with any end-effector that has been modularized. Moreover, thanks to a new mechanical system, end-effectors can be changed manually, without needing any tool.

The modular cobot is the result of years of research about robot modularity originally funded by DARPA, and later supported by the Swiss Acutronic, and the Japanese company, Sony.

Simplifying integration, boosting robotics.
System integration is nowadays one of the largest bottlenecks in development. Acutronic Robotics eliminates integration with H-ROS, a standardized software and hardware infrastructure that enables to create interoperable robot components.

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