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Global Insurtech Supports Cross Border Travel: The Future in Now at Your Fingertips

By Allen C. Koski, & Ron Hesse | Insured Nomads Inc. & GlobalAutoIndustry.com | 5/5/2021

The Covid-19 pandemic has accelerated the use of technology and increased the level of remote work. This confluence has led to a new type of insurance called Insurtech. Insurtech merges technology with healthcare and security services to support individuals on their phones and computers.

We’re at a critical juncture in the evolution of work. We live in an age of smart machines where repetitive tasks, no matter how complex, are being automated. This has a profound impact on our workforce as new jobs are being created, the demand for skills is changing, worker expectations are shifting, and the talent gap is widening.

Choose to Challenge: Pushing Rocks Uphill

By Cynthia Hutchison | Automation Alley | 4/21/2021

Cynthia Hutchison, Vice President of Automation Alley, discusses the unlikely and unexpected journey that helped pave the way to her success, from the mother of a child with Down syndrome to one of the most Notable Women in STEM.

Social media analytics: importance to manufacturing

By Christopher Heiden | Walsh College | 4/15/2021

Social media is a powerful and dynamic medium used for communicating. "In today’s high-tech business world, marketing is ever-changing. This is especially true of social media, where new platforms and content trends emerge on a seemingly daily basis “(15 Hot Social Media, 2019). The social media platforms are changing. The traditional social media powerhouse – Facebook – is experiencing market pressure from competing platforms (such as B2B platform LinkedIn). The content will also move to more of a “hyper-targeted content” model. Traditional business such as those in the manufacturing industry need to pay attention to social media trends.

The simple addition of a robotic component to their CNC machine helped support a nearly 70 percent increase in revenue for this northern Macomb County-based business.

Go beyond machine learning to optimize manufacturing operations

By Andrew Silberfarb | SRI International | 3/31/2021

Machine learning depends on vast amounts of data to make inferences. However, sometimes the amount of data needed by machine-learning algorithms is simply not available. SRI International has developed a system called Deep Adaptive Semantic Logic (DASL) that uses adaptive semantic reasoning to fill in the data gaps. DASL integrates bottom-up data-driven modeling with top-down theoretical reasoning in a symbiotic union of innovative machine learning and knowledge guided inference. The system brings experts and data together to make better, more informed decisions.

Make Sense of the New Cobot Era

By Cory Weber, Chris Mercurio, and Matteo Dariol | Bosch Rexroth Corporation | 3/24/2021

Everyone is certainly familiar with the definition of “robot”, a machine which substitutes humans in certain dangerous or repetitive tasks. They have been our companions for decades now, driving up productivity and safety in a wide variety of applications. Robots can lift heavy weights without getting tired or incurring injuries, and repeat tasks with greater accuracy than a human operator. Robots can even work in hostile environments without putting people’s safety at risk, as is often the case in automotive welding or painting.

Leveraging Technology to Grow Your Business

By Chuck Werner | Michigan Manufacturing Technology Center | 3/17/2021

Manufacturers often are intimidated by technological implementations due to the high costs, time and labor they assume they will have to invest. But, if effectively applied, technology can help team members achieve a new level of efficiency through the delivery of real-time information. This week on the blog, Chuck Werner of the Michigan Manufacturing Technology Center walks us through the stages of business maturity to help us better understand how organizations can reach the upper level of flexibility and autonomy.

Four Global Economic Impacts of Automotive Electrification

By Pavan Muzumdar, CFA | Automation Alley | 3/10/2021

We are witnessing a monumental shift unfolding in the automotive industry in front of our eyes. For some time now, the California-based electric car company Tesla has been worth more than the combined values of Michigan-based GM and Ford, and the newly formed Stellantis, formed by the merger of French automaker Groupe PSA and Italian-American automaker Fiat Chrysler. There is no shortage of arguments on either end of the spectrum on whether this shift is justified and rational or a stock market gone wild. Regardless, the fact that GM announced intentions to be completely electric within a couple of decades is a clear indication that while the 20th century belonged to gasoline, the 21st century will be dominated by the battery. This singular fact will have deep reaching effects on the global economy. Here are four global economic impacts to watch for in the near future:

Industry 4.0 can play a key role in the electric vehicle revolution

By Mike Szudarek | Marx Layne & Company | 3/3/2021

As the automotive industry moves forward with this seismic shift toward greener vehicles and EVs, as well as autonomous vehicles in tandem, it presents an excellent opportunity for Industry 4.0 to shine and play a major role in this transformation. The opportunity is simply too big to ignore, especially since the technology of Industry 4.0 is one of the main reasons this transformation is able to happen in the first place. By adapting to the new reality of the automotive industry in the years to come, businesses in fields including data management, robotics, smart factories, the Internet of Things, and 3-D printing/additive manufacturing can assert themselves as key players in this new EV-focused world.

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