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Revving Up Discrete Manufacturing: Is Your Manufacturing Data Ready for AI?

iBASEt

Since the launch of ChatGPT in November 2022, artificial intelligence (AI) has taken the world by storm. What was once science fiction is now reality, and the global AI market has more than tripled in less than two years, surging from $60 billion USD in 2022 to nearly $200 billion USD in 2024.

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iBASEt Reports Record Revenue, Profitability and Backlog for Fiscal 2022, Driven by Surge in New and Expanded Licensing

iBASEt

and FARNBOROUGH, United Kingdom – July 19, 2022 – iBASEt, the company that helps its customers simplify how complex products are built and maintained, today announced the completion of a successful fiscal 2022, as validated by another year of record revenue, profitability, and backlog. Lake Forest, Calif. Lake Forest, Calif.

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Hexagon Invests $100 M in Autonomous and Sustainable Manufacturing through Divergent

Additive Manufacturing

16, 2022 — Hexagon AB announced a 100 MUSD investment in Divergent Technologies Inc. Divergent has developed an alternative production process to traditional vehicle manufacturing called DAPS® (Divergent Adaptive Production System) that addresses economic and environmental challenges. STOCKHOLM/Dec.

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Hexagon Invests $100 Million in Divergent Technologies Inc.

Fabricating & Metal Work

“We must find ways to empower car makers with more efficient and environmentally friendly manufacturing processes that minimise material usage and total system cost. In my keynote speech at HxGN LIVE Global 2022, I delivered a message of hope for a sustainable future by naming the culprit aloud: all of us,” continued Rollén.

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Manufacturers using digital transformation to future-proof operations

Control Engineering

Co-founded in 2018 by two software engineers, the startup announced the close of a $15 million Series A funding round in Sept 2022. Invisible AI currently works with leading manufacturers, including Toyota Motor North America, to deploy solutions at scale. Their mission, to be the eyes of the intelligent factory.

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Decrease the Risk of Infiltration by Executing Cybersecurity Measures

Fabricating & Metal Work

According to the Netwrix 2022 Cloud Security Report , cloud adoption is accelerating in the manufacturing sector: organizations report that they expect 52% of their workloads to be in the cloud by the end of 2023, up from the current 35%. ECI Software Solutions Launches ITAR Solution for Manufacturers.

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FABTECH 2022: Where Innovation Meets Opportunities

Fabricating & Metal Work

Don’t miss the chance to be inspired by industry experts, suppliers and your peers in the metal forming, fabricating, welding and finishing sectors at FABTECH 2022. Show floor admission is complimentary if you register before November 4, 2022. FABTECH is North America’s largest metal forming, fabricating, welding and finishing event.