Blog
PwC Confirms AI to Strengthen World Economy
From a $9.1tn increase in consumption to $6.6tn in new
profits, Price Waterhouse Coopers estimates that by 2030, $15tn
will be added to the global economy through advances in artificial intelligence.
In their research, PwC concluded North American consumers and
industries were more accepting of AI than other geographic areas. The US is
poised to initially see more gains from AI due to the GDP from domestic
manufacturing. China will eventually surpass the growth seen in the US with a
p
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Jul 5th 2017
Will Robots Get Their Own Independence Day?
According to the UK’s Independent,
the next century will be defined by how humans decide to manage robots, AI and
machine learning. In fact, the European Parliament has already taken steps to
create regulations around the use of artificial intelligence and robots, even
coining the term “electronic personhood” in their draft of rights and
responsibilities of highly functional AI.
Think of robots seen as people the way the judicial system
sees and treats corporations as people who can
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Jun 30th 2017
Nokia’s Futuristic Factory with 5G IoT
Even after selling its mobile phone handset business to
Microsoft a few years ago, Nokia is still the second largest mobile equipment
manufacturer globally. While the company is focusing efforts on 5G technology, it
is also extending its preparation for the future with Industry 4.0 in its
factories.“We’re building the factory of
the future,” explains Erja Sankari, Head of Oulu Factory at Nokia. “Industry
4.0 includes increased automation, productivity, and use of data.” The
company goes o
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Jun 21st 2017
Universal Robots and Robotiq Enable NYC Startup to Produce Domestic Products
In 2015, architect Brian Vallario and finance professional Gerard
Masci created a new American-made eyewear company, Lowercase, in New York City.
With most eyewear produced overseas, the pair looked to automation to reduce
production costs while maintaining a consistent quality level. Even with
limited production runs, the company desired a completely in-house production
system.“I had done a little bit of
research on robots when I was in graduate school, but I never really had any
working
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Jun 12th 2017
Careful Planning Required to Take Full Advantage of Automation
While robotics and automated processes
can bring greater efficiency, lower costs and other perks, Vice President of engineering at Applied
Manufacturing Technologies, Craig Salvalaggio says “Automation allows companies to use
human workers for more value-added tasks” but warns “there are more stories
about automation projects that were turned off than there are about successful
automation projects.” These disappointments were due to poor planning
and preparation, he notes.
“Should you
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Jun 7th 2017