Respondents to a Q4 2024 survey of industrial leaders conducted by the ARC Advisory Group (Dedham, Mass.; www.arcweb.com) ranked artificial intelligence (AI) first, by a relatively large margin, among the digital technologies that they expect to be the most impactful…
Schneider Electric SE (Paris) announced its patent to leverage artificial intelligence (AI) to help reduce the likelihood process safety hazards. The innovation automatically, or semi-automatically, analyzes potential process hazards and validates protection mechanisms in an industrial process. It is then…
Digitalization can help ethylene producers to flexibly respond to economic uncertainties and assess available options based on their existing infrastructure and priorities Post-pandemic, olefin and polyolefin producers have been faced with regional and global economic headwinds. Inflation, energy security, rising…
Rockwell Automation, Inc. (Milwaukee, Wisc.) and Microsoft Corp. (Redmond, Wash.) announced an expanded strategic collaboration aimed at revolutionizing industrial transformation. Together, the companies will provide manufacturing customers with advanced cloud and AI solutions that deliver powerful data insights, streamline operations…
At the YNOW2024 Conference in Houston (photo), the move toward autonomous operations — including artificial intelligence, robotics and beyond — was a front-of-mind topic for all in attendance. In an exclusive interview from the event, Mitsuhiro Yamamoto, a Yokogawa vice…
An artificial intelligence (AI)-based search tool allowed workers to quickly mine historical data to improve operations and respond to emerging problems At the Bayer Crop Science facility in Muttenz, Switzerland, managers and workers wanted to improve communication during shift handovers…
Siemens AG (Munich, Germany; www.siemens.com) has signed an agreement to acquire Altair Engineering Inc. (Troy, Mich.; www.altair.com), a leading provider of software in the industrial simulation and analysis market. Altair shareholders will receive US$113 per share, representing an enterprise value…
Seeq, a global leader in industrial analytics, AI, and enterprise monitoring, today announced a strategic partnership with AVEVA, a global leader in industrial software. Core to the partnership is the native integration between the two companies’ platforms that will simplify…
Honeywell International, Inc. (Charlotte, N.C.) released the findings of its Industrial AI Insights global research study, which captures the state of Artificial Intelligence (AI) in the sector. While only 17% of AI decision makers around the world have fully implemented…
A new survey of 300 corporate researchers in industries including pharmaceuticals, life sciences and chemicals has been published by Elsevier B.V. (Amsterdam, the Netherlands; www.elsevier.com), a global leader in scientific information and data analytics. The 2024 Elsevier Attitudes on AI…