The New Indian Express: In a move to build the digital enterprise, the digitisation in industrial sector is set to grow to 65 percent in the next five years as it is a priority of most CEOs in the industry, according to a PwC report. According to PwC Industry 4.0 report, more than half of the industrial companies in India are using data analytics and over 90 per cent expect data to impact their decision-making in five years. Globally, digitisation is expected to rise to 72 per cent from 33 per cent, the report noted. It is also noted that around 39 percent of the companies plan to invest more than 8 percent of their annual revenues in digital programmes in the next five years. Cont'd...
Strong Dollar Compounds the Damage to U.S. Competitiveness
Companies, employees not quite ready for cognitive technology wave of robotics, AI, machine learning
Larry Dignan for Between the Lines: Robots, artificial intelligence, machine learning and other cognitive technologies will replace about 7 percent of U.S. jobs by 2025 with office and administrative staff taking the biggest hit, according to a Forrester Research forecast. The bad news is jobs will be lost. The good news is that new gigs will be created as cognitive technology takes hold. One reason the disruption won't be larger or happen sooner is that companies aren't ready for the change related to the new automated workforce, said Forrester. Among the key items: 16 percent of U.S. jobs will be replaced, but 9 percent of jobs will be created. That's how Forrester gets to the 7 percent job loss by 2025 figure. Emerging jobs will be robot monitoring pros, data scientists, automation specialists and content curators. 93 percent of automation technologists feel unprepared to take on smart machine technologies. 83 percent saw cognitive computing as critical to their companies' future. 32 percent of respondents said they are prepared for the cognitive technology changes ahead, but only 12 percent are prepared to deal with the human and organizational fallout. 46 percent say the number of jobs will remain about the same and 43 percent of respondents thought jobs would decline. Full Article:
Many devoting significant R&D budget towards robotics; A quarter say they have already invested in AI and cognitive computing technologies
November U.S. cutting tool consumption totaled $153.7 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT - The Association For Manufacturing Technology.
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Awe-inspiring power and superior flexibility is sheathed within the contoured casing of the HAWK MV-4000. This smart camera builds upon the previous generation by quadrupling processing power and achieving real-time trigger response using an FPGA. Its state-of-the-art algorithms make it an excellent tool for any industry, whether the requirement be code reading, code verification, inspection, guidance, gauging or a combination of all four.