Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has established two new departments and four associated graduate programs dedicated to robotics and computer science, catering to the surging global demand for these disciplines, which is expected to hit USD $225 billioni and $140 billion, respectively, by 2030.
Manufacturing Software, ERP, MRP
Manufacturing software systems are important tools for the automation and management of production processes. A wide range of manufacturing companies covering many different vertical sectors rely on manufacturing software to better manage the sourcing and use of material or parts quantities, scheduled production timelines, inventory management and the planning for future order demand. One commonly deployed example of a manufacturing software system is an Enterprise Resource Planning (ERP) solution, designed to better manage information concerning orders and materials, finance, Customer Relationship Management etc.over the whole organisation.
Slamcore releases updated SDK enabling person detection in warehouses and manufacturing
Aug 08, 2023
Slamcore has launched its latest spatial intelligence software development kit (SDK).
Manufacturing industry accounted for 12% of UK administrations in 2023, analysis reveals
Aug 07, 2023
The manufacturing industry accounted for 12% of administrations in the first six months of 2023 – the second highest sector in the UK – according to analysis by full-service law firm Shakespeare Martineau.
Nozomi Labs report reveals surge in OT & IoT security threats
Aug 03, 2023
The latest Nozomi Networks Labs OT & IoT Security Report: Unpacking the Threat Landscape with Unique Telemetry Data, malware activity and alerts on unwanted applications increased dramatically in OT and IoT environments as nation-states, criminal groups and hacktivists continue to target healthcare, energy and manufacturing.
Over 1.1 million UK SMEs at risk of collapse during current economic uncertainty
Aug 03, 2023
Over 1 in five UK SMEs (21%) are worried that their business will not survive the current economic uncertainty or expect they will have to make a significant business pivot in order to survive.
UK manufacturers unable to compete with global competitors without industrial strategy, warns RSM UK
Aug 03, 2023
Commenting on the latest CIPS UK Manufacturing Purchasing Managers’ Index which has continued the downward trend, falling to a seven-month low of 45.3 in July, Rachel Milloy, senior analyst in manufacturing at RSM UK, said: “The manufacturing PMI in July decreased to 45.3, with sharp falls in the quantity of purchases and stocks of finished goods indices to 39.4 and 49.2 both clear signs that demand remains slow.
‘Old School’ Manufacturing Skills on Decline, Says Leading Recruiter
Jul 31, 2023
Recent research from global recruitment agency, Gi Group Holding has highlighted how ‘old school’ manufacturing skills are declining and pinpoints other key shifts the manufacturing industry is undergoing, as the business supports candidates to secure their dream roles in the sector.
Eleven more companies join Digital Catapult’s Digital Supply Chain Hub programme to solve manufacturing challenges
Jul 28, 2023
Digital Catapult, the UK authority on advanced digital technology, has partnered with five leading technology companies and six pioneering SMEs to solve critical supply chain challenges facing small-to-medium sized manufacturers across the country. As part of the Made Smarter Innovation | Digital Supply Chain Hub, the initiative will fund and facilitate the development of pioneering solutions to remedy significant industrial challenges, with a view to driving economic growth and advancing the UK's manufacturing sector.
Chronos Technology and WiTTRA collaborate to enhance positioning solutions
Jul 28, 2023
Chronos Technology, the advanced timing, synchronisation, and smart technology solutions provider, has entered into a strategic collaboration with WiTTRA, a Swedish-based company that provides innovative IoT solutions for various industries.
Tata Steel UK and iov42 selected to tackle the steel industry’s efficiency challenges, at the heart of deliveries
Jul 26, 2023
Tata Steel UK and iov42, a UK based blockchain-inspired start-up, have been selected for the second time by Blockchain Connected, for the “Demonstrating the Potential of Blockchain” challenge, funded by the Welsh Government.
Manufacturing software systems
Manufacturing software systems provide the automation and computational support for complex manufacturing processes. Manufacturing companies leverage manufacturing software systems to carefully manage the timing, types and quantities of materials they purchase in order to ensure that they are able to meet current and future customer demand while at the same time achieving the lowest possible cost and inventory accumulation.
Enterprise resource planning (ERP) systems integrate internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc. ERP systems facilitate the flow of information between all business functions inside the boundaries of the organisation and manage the connections to outside stakeholders.
Manufacturing resource planning (MRP II) addresses operational planning in units, financial planning, and has a simulation capability to answer "what-if" questions and extension of closed-loop MRP.
CRM or Customer Relationship Management concerns the relationship between an organisation and its customers. The scope of CRM which can vary drastically as it can be used by management, salespeople, people providing service, and even customers could directly access information to find out information.
Cloud computing can be defined as the set of hardware, networks, storage, services, and interfaces that combine to deliver aspects of computing as a service. Cloud services include the delivery of software, infrastructure, and storage over the Internet and is based on user demand. Cloud Computing is the latest stage in the Internet's evolution, providing the means through which everything , from computing power to computing infrastructure, applications, business can be delivered to you as a service wherever and whenever you need.
Cloud computing has some essential characteristics: scalability depending on requirements, offers a way to increase capacity or add capabilities on the fly without investing in new infrastructure, eliminates the need for on-site personnel to maintain computer equipment. No up-front CAPEX (capital expenditure) required, as billing is a pay-as-you-go model, access to the very latest application programming interfaces (APIs).
SaaS (software as a service) is a type of cloud computing delivering a single application through the browser to thousands of customers using a multitenant architecture. On the customer side, it means no upfront investment in servers or software licensing; on the provider side, with just one app to maintain, costs are low compared to conventional hosting. SaaS is emerging to provide service to all aspects of an organisation`s activities in the areas of Manufacturing, ERP, Demand Forecasting, Advanced Planning, S&OP, Supply Chain, Warehousing, Transport Management and HR (human resource).
Business intelligence (BI) is a set of theories, processes and technologies that convert raw data into useful information for business purposes. BI can handle large amounts of information to help identify and develop new opportunities to gain market advantage over competitors. The amounts of data that are now being gathered as a result of because they are increasingly being gathered by a growing range of diverse and ubiquitous information-gathering devices.
These data sets become so large and complex that it becomes difficult to process using on-hand database management tools or traditional data processing applications. The trend to larger data sets is due to the additional information derivable from analysis of a single large set of related data, as compared to separate smaller sets with the same total amount of data. The current challenges of BIG DATA include the capture, storage, search and share capability, transfer, analysis, and visualisation. Every day, we create 2.5 quintillion bytes of data — so much that 90% of the data in the world today has been created in the last two years alone. This data comes from everywhere: sensors used to gather climate information, posts to social media sites, digital pictures and videos, purchase transaction records, and cell phone GPS signals to name a few. This data is big data.
It is estimated that the world's technological per-capita capacity to store information has roughly doubled every 40 months since the 1980s. The challenge for large enterprises is determining who should own big data initiatives that straddle the entire organisation and how this data can be used as a source of revenue and to gain competitive advantage.
