Digital Transformation In Manufacturing News

Recent industry report about Digital Transformation In Manufacturing company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Digital Transformation In Manufacturing Market industry experts.

Digital Transformation In Manufacturing News

  • May 2023: Siemens announced it would focus on 3D printing activities in the United States to hasten the industry's transformation via serial additive manufacturing. As stated by Siemens, the business is leveraging its products to help machine builders and is committed to assisting the domestic additive manufacturing maker community. The business will be a collaborative platform for machine makers, equipment users, and additive design professionals from its Charlotte Advanced Technology Collaboration Hub (CATCH) based in Charlotte, North Carolina.
  • February 2023: Schneider Electric, the global leader in energy management and automation digital transformation, announced the launch of Industrial Digital Transformation Services. The specialized worldwide service is intended to assist industrial firms in achieving end-to-end digitization that is future-ready, inventive, sustainable, and effective.
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  • June 2024: Trident IoT, a company specializing in RF technology and engineering with a core mission of expediting the time-to-market for manufacturers of connected devices, unveiled its latest innovation, a new ZigBee chip, accompanied by a Software Development Kit (SDK). This release is pivotal in Trident IoT's overarching strategy to streamline IoT development with all-encompassing solutions. While the chip boasts cutting-edge silicon technology, the SDK truly distinguishes this release. Crafted by seasoned product engineers with a track record of delivering millions of IoT products, the SDK is meticulously tailored to meet developers' needs.
  • January 2024: Universal Electronics Inc., a global leader in universal control technology for smart home and entertainment devices, introduced its UEI Butler Smart Home Control Hubs. These hubs, powered by QuickSet® Cloud, align with UEI's strategy to facilitate discovery, control, and interaction across various connected home devices. This move aims to enhance the smart living experience for an expanding clientele of B2B smart home customers. UEI offers a comprehensive range of ZigBee sensors and accessories to complement these hubs. This holistic approach empowers customers to curate tailored product experiences, fostering enhanced interoperability with diverse brands and ecosystems in consumers' homes.
  • September 2024: The National Geospatial-Intelligence Agency (NGA) is poised to invest heavily in artificial intelligence, earmarking up to USD 700 million for data labeling services over the next five years. This initiative aims to enhance NGA's machine-learning capabilities, particularly in analyzing satellite imagery and other geospatial data. The agency has opted for a multi-vendor indefinite-delivery/indefinite-quantity (IDIQ) contract, emphasizing the importance of annotating raw data be it images or videos—to render it understandable for machine learning models. For instance, when dealing with satellite imagery, the focus could be on labeling distinct entities such as buildings, roads, or patches of vegetation.
  • October 2023: Refuel.ai unveiled a new platform, Refuel Cloud, and a specialized large language model (LLM) for data labeling. Refuel Cloud harnesses advanced LLMs, including its proprietary model, to automate data cleaning, labeling, and enrichment at scale, catering to diverse industry use cases. Recognizing that clean data underpins modern AI and data-centric software, Refuel Cloud addresses the historical challenge of human labor bottlenecks in data production. With Refuel Cloud, enterprises can swiftly generate the expansive, precise datasets they require in mere minutes, a task that traditionally spanned weeks.
  • July 2024: Adobe announced breakthrough innovations in its industry leading professional design apps Adobe Illustrator and Adobe Photoshop that accelerate everyday creative workflows and give creators more control. From ideation to production, the new release of Illustrator unlocks new ways for pro designers and illustrators to more easily and quickly bring their vision to life across brand graphics, logos and icons, product packaging, marketing deliverables, pattern creation and beyond.
  • September 2024: PepsiCo introduced a new visual design for 7UP as part of this global refresh with bright colors and minimalistic aesthetics. The restaged 7UP VIS represents a frame of mind and style that encompasses all that is refreshing, distinctive, and modern.
  • June 2024: Hitachi and Microsoft entered into a strategic partnership to propel business and social innovation through Generative AI. This three-year strategic alliance, projected to be worth several billion dollars, aims to craft pioneering industry solutions that yield transformative results for both businesses and society. In collaboration with Microsoft, Hitachi’s Generative AI Center*3 will harness tools like Copilot for Microsoft 365 and GitHub Copilot to boost operational efficiency and streamline application development within the Hitachi Group. Meanwhile, Hitachi Rail is leveraging GenAI for predictive maintenance, leading to enhanced equipment monitoring and improved forecast accuracy. Such a forward-thinking strategy not only averts breakdowns but also elevates service quality, curtails operating costs, and bolsters safety.
  • February 2024: Siemens unveiled a new generative artificial intelligence (AI) feature in its predictive maintenance solution, Senseye Predictive Maintenance. This enhancement aims to make predictive maintenance more conversational and intuitive. With this generative AI upgrade, Siemens is set to accelerate and streamline human-machine interactions in predictive maintenance, building upon its established machine-learning capabilities.
  • August 2024: Samsung Electronics introduced new features through Smart Forward, Samsung Electronics’ over-the-network updates for home appliances. These updates will be available for select devices and rolled out in the second half of 2024. Designed to breathe new life into existing appliances, Smart Forward updates offer new functionality, future-proofing, enhanced safety, and energy savings. This initiative marks Samsung’s latest effort to deliver optimal experiences to more users.
  • June 2024: LG Electronics Inc., South Korea's leading home appliances manufacturer, is set to debut home robots powered by Google's generative AI model, GeminiAI. This marks LG's inaugural partnership in robot development. With this collaboration, LG aims to expedite its entry into the global household robot market and the extended reality (XR) domain, emphasizing products that boast enhanced responsiveness and personalized AI capabilities.
  • August 2024: The Tourism Authority of Thailand (TAT) has unveiled its new influencer marketing platform, 'TAT Connex', marking a significant step in its digital transformation strategy for promoting and developing tourism. 'TAT Connex' invites a diverse range of participants, including local and international Key Opinion Leaders (KOLs), influencers, bloggers, media personalities, and celebrities. They can connect with ten distinct categories of tourism-related businesses. These categories encompass dining establishments, hotels and homestays, transportation services, recreational activities and attractions, travel agencies, health and beauty services, shopping centers, entertainment venues, and souvenir shops.
  • July 2024: Collective Artists Network, a new media entity focused on pop culture, is venturing into AI by acquiring Galleri5. Galleri5 is an AI-driven platform specializing in influencer marketing analytics and content management, catering to brands and influencers. Its offerings encompass AI-generated visual content, creator intelligence, campaign oversight, and trend prediction. By acquiring Galleri5, the firm is making a significant stride in weaving deep tech and AI into the fabric, bolstering its capacity to deliver state-of-the-art solutions to talents, content platforms, and brands.
  • July 2024: Publicis Groupe has agreed to acquire Influential, the leading global influencer marketing platform. Influential specializes in authentically linking brands to their audiences through creating, deploying, and optimizing digital campaigns driven by creators. As the world's largest influencer marketing firm by revenue, Influential boasts a proprietary AI-driven technology platform that analyzes over 100 billion data points. Its expansive network includes over 3.5 million creators, granting access to data on 90% of global influencers with over 1 million followers. Currently, Influential provides its services to more than 300 brands worldwide.
  • June 2024: Qoruz, an influencer marketing platform based in India, has partnered with Dabur, a brand celebrated for its natural and Ayurvedic products. This collaboration enhances Dabur's influencer marketing strategy, fostering more authentic and impactful connections with its audience. Leveraging Qoruz's sophisticated analytics and influencer management tools, Dabur aims to pinpoint influencers that resonate with the brand's fundamental values. Through Qoruz’s platform, Dabur gains data-driven insights into influencer performance and audience engagement, enabling them to craft campaigns that effectively resonate with their target demographic.
  • June 2024: Materialise, a global frontrunner in 3D printing software and services, partnered with ArcelorMittal Powders, a division of ArcelorMittal dedicated to producing premium steel powders. The two entities signed a memorandum of understanding (MOU) aimed at enhancing laser powder bed fusion (LPBF) equipment and refining metal 3D printing strategies. As part of this collaboration, ArcelorMittal will leverage Materialise’s advanced build processor for its 3D printers.
  • May 2024: Farsoon introduced its FS811M metal powder bed fusion series platform. The FS811M series features a generous build volume of 840 x 840 x 960mm and offers the flexibility of being outfitted with powerful 6, 8, 10, or 12 x 500-watt fiber lasers. As the newest entrant in Farsoon’s metal 3D printer lineup, the FS811M emerged from a collaborative innovation initiative with prominent industry partners already utilizing multiple FS621M systems.
  • March 2024: Materialise unveiled its e-Stage for Metal+ software, set to debut at the Additive Manufacturing Users Group (AMUG) show. This software enhances data handling and builds preparation for laser powder bed fusion (LPBF) systems. Leveraging physics-based modeling, it automates the generation of support structures, paving the way for a more economically viable approach to metal additive manufacturing (AM).
  • July 2024: Sydney, Australia, inaugurated a facility focused on transforming hard plastics from electronic waste into 3D printing filament. This facility, a collaboration between the University of New South Wales (UNSW) and IT asset management firm Renew IT, marks a pivotal move towards sustainable waste management. Situated in Lane Cove, New South Wales, the facility boasts the advanced Plastics Filament MICROfactorie Technology, a brainchild of UNSW's Centre for Sustainable Materials Research & Technology (SMaRT). This innovative technology adeptly converts hard plastic waste, often sourced from electronic devices, into a valuable material for 3D printing.
  • June 2024: Raise3D, a prominent 3D printer manufacturer, unveiled its latest series, the Pro3 HS, which utilizes Fused Filament Fabrication (FFF) technology. Alongside this launch, the company introduced the Hyper Core Filament Line. The Pro3 HS Series, featuring an advanced motion control system, boasts enhanced speed, precision, and accuracy, making it ideal for efficiently manufacturing large composite components. In addition, the printer is versatile, supporting a range of materials, including ASA filament.
  • July 2024: ECOVACS, a leading company in robotic home cleaning solutions, introduced three new innovative robot vacuum models: DEEBOT T30S COMBO, DEEBOT X5 PRO OMNI, and DEEBOT N20 PRO, designed to cater to the various cleaning needs of households in Singapore. This new lineup reflects ECOVACS' dedication to providing top-notch products to consumers, with a focus on technological advancements and high-quality cleaning solutions for modern homes.
  • April 2024: Roborock, a leading company in the field of advanced home robotics, announced that it has achieved the top position in global sales of robotic vacuums. Additionally, the brand has offered a sneak peek into its upcoming product lines and shared its vision for the future. Over the period of 2019 to 2023, Roborock made a significant investment of CNY 1.9 billion (USD 260 million) in R&D. Roborock encourages innovative solutions that meet the needs of consumers, including enhancements in cleaning efficiency, mapping and navigation, convenience, and integration with smart home technology.
  • July 2024: In collaboration with Saintgits College of Engineering in Kottayam, Tvasta Manufacturing Solutions, a trailblazing deep-tech startup in Construction 3D Printing, inaugurated Kerala's inaugural Concrete 3D Printer Lab. This state-of-the-art facility is set to enhance research and innovation in the construction sector, leveraging cutting-edge 3D printing methods.
  • March 2024: ICON, known for its pioneering role in advanced construction technologies and large-scale 3D printing, unveiled a suite of innovative products aimed at automating the construction process. Highlights include a groundbreaking robotic printer capable of multi-story constructions, a novel low-carbon building material, a digital catalogue boasting over 60 ready-to-build home designs, and an AI Architect tailored for home design and construction.

Digital Transformation in Manufacturing Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)