The first four companies in the inaugural Healthcare Robotics Startup Catalyst program have been selected by Festo and MassRobotics. The Healthcare Robotics Startup Catalyst is a new program for the global robotics startup community to advance healthcare developments by providing promising companies with investor and customer introductions, access to subject-matter experts, and a range of technical and marketing support resources.
Montreal’s Institute for data valorization (IVADO) has announced a strategic collaboration with Hitachi ABB Power Grids to explore the application of artificial intelligence (AI) and machine learning technologies to power grids. With this agreement, Hitachi ABB Power Grids joins IVADO as a member, and will help to bring focus to the digital evolution of power grids to support the transition to renewable energy.
The median cost of maintaining a manufacturing facility is $2.60 per gross square foot (ft2). It is only slightly less ($2.36/gross ft2) for office buildings, which makes maintenance even more expensive than the average cost of utilities ($2.10/ft2) in commercial buildings. In fact, typical maintenance costs are as much as double the cost of leasing the space and are a large contributor to the Total Cost of Ownership (TCO) of any equipment.
Yokogawa Electric Corporation has announced the signing of an agreement with cell phone network provider NTT Docomo in Japan to jointly undertake a proof-of-concept test (PoC) for the remote control of a plant system by utilizing 5th generation mobile communications (5G), the cloud, AI, and other technologies.
New cloud-based, IoT-enabled equipment health monitoring and predictive maintenance systems are the first of many exciting AI-based (artificial intelligence) smart manufacturing applications to combine embedded human knowledge and advanced engineering automation to address long-term production challenges facing automotive, industrial, biopharma, and oil and gas manufacturing.
Toronto-based Validere, a venture-backed oil and gas IoT and artificial intelligence platform has raised $7 million in seed funding to transform oil and gas trading and logistics through reliable data and Artificial Intelligence (AI) insights.