Author: kissdev
If you own or oversee a manufacturing, distribution, or warehousing facility, it’s high time to take artificial intelligence seriously. The maturation of AI technology has progressed to a stage where it generates measurable returns on investment (ROI). Various software and hardware vendors are either incorporating AI technologies into their existing products or rolling them out as standalone solutions. Leveraging these advancements is pivotal for enhancing productivity, minimizing operational costs, and boosting profits. Robotics Revolution Businesses across different scales in the manufacturing and distribution sectors are heavily investing in AI-powered robotic technologies. Walmart, for instance, is implementing autonomous forklifts driven by…
LOS ANGELES, Aug. 21, 2024 (GLOBE NEWSWIRE) — In a luminous celebration of technological excellence, AgTech Breakthrough, a renowned market intelligence organization spotlighting the crème de la crème of the global agricultural and food technology sectors, has officially revealed the winners of its 5th Annual AgTech Breakthrough Awards. This announcement honors the most groundbreaking technological innovations, showcasing the industry’s pioneers who are transforming agricultural practices around the globe. As the AgTech sector anticipates a staggering market valuation of approximately $56.8 billion by 2033, the industry is undergoing an unprecedented transformation driven by considerable investments and a strategic focus on technologies…
The manufacturing sector is embracing observability practices with growing fervor, as it seeks to bolster security, facilitate the integration of artificial intelligence (AI) and the Internet of Things (IoT), and enhance overall operational efficiency. This trend is articulated in a recent report by New Relic, entitled ‘State of Observability for Industrials, Materials, and Manufacturing,’ which provides an extensive examination of how observability is aiding manufacturers in navigating the multifaceted challenges and opportunities presented by the Fifth Industrial Revolution. Transitioning To Industry 5.0 As manufacturers move beyond the paradigms of Industry 4.0—which emphasized advancements such as robotics, digital twin simulations, and…
Broadcom Inc. (NASDAQ: AVGO), a colossus in the semiconductor landscape, continues to turn heads as it capitalizes on burgeoning demands in 5G, artificial intelligence (AI), and the Internet of Things (IoT). The company stands as a paragon of innovation and strategic prowess, marked by its impressive market capitalization of $771.41 billion and robust performance in both semiconductor and infrastructure software segments. These strengths position Broadcom as a prime player poised to harness the winds of these technological tides. In a bid to delve deeper into Broadcom’s stock prospects, Finbold turned to ChatGPT-4, OpenAI’s sophisticated AI model, for predictive analysis on…
In a recent analysis, we compiled a list of the 10 Best Big Data Stocks to Buy Now, spotlighting Accenture plc (NYSE:ACN) and its position relative to its big data contemporaries. The global big data market is on a remarkable upward trajectory, anticipated to reach a staggering $103 billion by 2027, more than doubling its footprint from 2018 levels. This astronomical growth is largely driven by the burgeoning reliance on data-driven decision-making, operational optimization, and the discovery of new revenue streams. Particularly noteworthy is the software segment, projected by Statista to dominate 45% of the market by 2027. However, the…
In a groundbreaking development unveiled at the 2024 Taipei International Industrial Automation Exhibition, MICROIP announced that its innovative “AI Software Platform Solution” has been officially adopted by WT Microelectronics. This state-of-the-art solution will be integrated into the industry’s pioneering AI x Remote I/O system, leveraging MediaTek’s Genio IoT platform, specifically the MT8390 and MT8370 processors. These processors are meticulously engineered on TSMC’s advanced 6nm process, incorporating dual-core ARM Cortex-A78 and six/four-core ARM Cortex-A55 architectures. Enhanced with 4.0TOPs/3.2TOPs neural processing units (NPUs), these processors achieve a superior equilibrium between high performance and energy efficiency, making them exceptionally suitable for industrial automation…
The banking, financial services, and insurance (BFSI) industry has undergone a significant transformation since the days of the barter system, evolving dramatically with each technological advance. Today, we’ve entered an age of digital money, where the Internet of Things (IoT) in Fintech has made transferring funds easier than ever without the need for physical cash. While cryptocurrencies are also gaining momentum as potential replacements for fiat currency, the mainstream adoption of such digital assets remains speculative at this stage. This digital revolution owes much to the intersection of finance and IoT technology. This modern innovation accelerates operations, enhances service delivery,…
In an ambitious stride towards the future of mass transit, several leading technology companies have formed a groundbreaking alliance to integrate advanced Internet of Things (IoT) functionality at the edge. This initiative aims to transform the commuting experience by leveraging edge computing to deliver real-time data processing and analytics, thereby enhancing efficiency and safety in public transportation systems. The collaboration, which brings together industry giants and innovative startups alike, seeks to harness the power of IoT devices deployed at the edge—closer to where data is generated and decisions are made. By doing so, these companies are addressing the latency and…
Maintenance represents one of the most substantial ongoing costs for any fleet, often leaving plenty of room for enhancement. In recent years, AI-powered predictive maintenance (PdM) has arisen as a seemingly unparalleled solution, yet one question lingers: how reliable is it in the practical, everyday operations of businesses? The touted advantages of PdM are undeniably impressive, but the technology comes with a hefty price tag. Fleet managers must ensure they’re getting a solid return on investment before diving into such an expensive commitment. The Inner Workings of Predictive Maintenance Predictive maintenance reimagines preventive care, leveraging automated data analysis in place…
The present era of digital transformation, rapidly propelled by advancements in artificial intelligence (AI), introduces unparalleled opportunities alongside formidable challenges. As AI technology progresses, it necessitates increasingly sophisticated datacentres and high-performance computing infrastructures, raising serious environmental concerns. For Chief Information Officers (CIOs) and IT leaders, the mission is unmistakable: fostering innovation must inherently align with a steadfast commitment to sustainability. The Essential Nature of Sustainable Innovation True innovation is intrinsically sustainable; otherwise, it risks being ephemeral and harmful. This is where the concept of sustainable innovation becomes crucial. The Institute of Electrical and Electronics Engineers (IEEE) defines sustainable innovation as…