WHY IT MATTERS: Digital Transformation
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Toward smart production: Machine intelligence in business operations shows positive impact on bottom line but still immature field @McKinsey #AI #machineLearning

Toward smart production: Machine intelligence in business operations shows positive impact on bottom line but still immature field @McKinsey #AI #machineLearning | WHY IT MATTERS: Digital Transformation | Scoop.it

A detailed study of machine intelligence in industrial and manufacturing operations reveals the surprisingly different paths companies can take. But a group of leaders shares similar characteristics.

Farid Mheir's insight:

WHY IT MATTERS: AI delivers real value in the manufacturing and production side of business. The McKinsey report shows ML and AI impacts bottom line more than top line, and that the field remains immature with the need for center of excellence and help from academia. Overall a useful reference when planning for back office and supply chain improvements.

lebens's curator insight, March 16, 2022 9:28 PM
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Nolwandle Mvelo's curator insight, May 19, 2023 2:25 AM

How the use of machinery makes the production process much quicker and effective 

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IT'S TIME TO BUILD: a plea to start building things again locally instead of outsourcing everything - this is an engineers dream and what the next 20 years are all about! via @a16z

IT'S TIME TO BUILD: a plea to start building things again locally instead of outsourcing everything - this is an engineers dream and what the next 20 years are all about! via @a16z | WHY IT MATTERS: Digital Transformation | Scoop.it

Every Western institution was unprepared for the coronavirus pandemic, despite many prior warnings. This monumental failure of institutional effectiveness will reverberate for the rest of the decade, but it's not too early to ask why, and what we need to do about it... Our nation and our civilization were built on production, on building. We built roads and trains, farms and factories, then the computer, the microchip, the smartphone, and uncounted thousands of other things that we now take for granted, that are all around us, that define our lives and provide for our well-being. There is only one way to create the future we want for our own children and grandchildren, and that's to build.

Farid Mheir's insight:

WHY IT MATTERS: I spent the better part of my life moving physical processes in the digital world. Now the pendulum shifts and we must pour our engineering energy into building things locally - using digital processes, techniques, technologies, from 3D printing to robots to IOT. This is the next 20 years.

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3 technologies will help recover from #covid-19 crisis:  manufacturing automation, shipment tracking, delivery robots

3 technologies will help recover from #covid-19 crisis:  manufacturing automation, shipment tracking, delivery robots | WHY IT MATTERS: Digital Transformation | Scoop.it

The coronavirus outbreak will continue to propel funding, acquisitions, partnerships, and experimentation by brands and retailers as they are forced to grapple with global supply challenges posed by our increasingly interdependent world.

Regardless of the coronavirus’s impact on the global economy, we will surely face a similar situation in the future; brands, retailers, and their supply chains will need to be prepared.

Farid Mheir's insight:

WHY IT MATTERS: once we get over the health crisis, we will need to address the economic crisis. Key supply chain technologies will offer retailers and manufacturers solutions to reduce cost and their dependency on global trade fluctuations.

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Training: the killer app for augmented reality? I've tested this product at CES and it is quite impressive to see what it can do - why is it not deployed in more companies? #AR

Training: the killer app for augmented reality? I've tested this product at CES and it is quite impressive to see what it can do - why is it not deployed in more companies? #AR | WHY IT MATTERS: Digital Transformation | Scoop.it

TrainAR features include:

• Create, edit and deploy training modules quickly and easily
• Included templates implement best practices for world-class AR content creation
• Create modules for overviews, step-by-step lessons, and certification testing
• Set up new trainees, issue and manage digital certifications
• Real time data viewer tracks and displays key training metrics on the monitor
• Collect and retain detailed records of training experiences

Farid Mheir's insight:

WHY IT MATTERS: we do not see augmented reality in our daily lives - other than pokemon GO. I would expect AR to offer real solution in todays market of labour shortage and need to quickly rampup new employees into jobs. This solution and the video should show quite well what is possible with the technology today. I've tried it and it is quite impressive...

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Textile industry will also be disrupted: Automatic Machine Knitting of 3D Meshes

Textile industry will also be disrupted: Automatic Machine Knitting of 3D Meshes | WHY IT MATTERS: Digital Transformation | Scoop.it

We present the first computational approach that can transform 3D meshes, created by traditional modeling programs, directly into instructions for a computer-controlled knitting machine. Knitting machines are able to robustly and repeatably form knitted 3D surfaces from yarn, but have many constraints on what they can fabricate. Given user-defined starting and ending points on an input mesh, our system incrementally builds a helix-free, quad-dominant mesh with uniform edge lengths, runs a tracing procedure over this mesh to generate a knitting path, and schedules the knitting instructions for this path in a way that is compatible with machine constraints. We demonstrate our approach on a wide range of 3D meshes.

Farid Mheir's insight:

WHY IT MATTERS: cool to see people improving old industries such as the textile industry.

MD Khirul Islam's comment, January 1, 2019 1:42 AM
https://clippingpathstar.com/
Maciej Hoffmann's curator insight, January 10, 2019 4:39 AM
Knitting of 3D Meshes, this can make some noise in Textile industry
NeXus Portal Solutions's curator insight, January 4, 2020 11:17 AM

Technology advancements in the Textile industry.

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Business applications of Augmented Reality are taking shape: here the light Guide System PRO that I saw at CES2018 is now a commercial reality #AR 

Business applications of Augmented Reality are taking shape: here the light Guide System PRO that I saw at CES2018 is now a commercial reality #AR  | WHY IT MATTERS: Digital Transformation | Scoop.it

Light Guide Systems, an augmented reality tool that is transforming manual assembly and manufacturing processes for companies worldwide, is working with HP Inc., to launch a new technology tool—Light Guide Systems PRO. Utilizing the immersive computing platform Sprout PRO by HP, Light Guide Systems PRO modernizes manual assembly processes in commercial and education applications.

Introducing the Light Guide PRO™

Light Guide Systems helps reduce errors and radically improves manufacturing assembly processes by projecting directly onto a predefined and established operating “canvas” designed for small parts while providing audio and visual prompts, guidance, pacing and direction. Light Guide Systems PRO™ takes the tool to the next level by incorporating its proprietary software into the powerful yet compact Sprout PRO PC platform to deliver a clean and compact package that is portable, flexible and affordable.

Farid Mheir's insight:

WHY IT MATTERS: augmented reality has yet to make its way from gadget of pokemon GO to commercial and business settings. This product recently announced is part of this new generation of systems that use AR to improve manufacturing, quality, efficiency and training. A short video and more picture will give you ideas of what it can do.

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Aim HIGH: I fear for my clients because their digital transformation is not BOLD enough - according to @McKinsey this will erode profit and revenue growth

Aim HIGH: I fear for my clients because their digital transformation is not BOLD enough - according to @McKinsey this will erode profit and revenue growth | WHY IT MATTERS: Digital Transformation | Scoop.it

As digital technology erodes profit and revenue growth, why aren’t companies responding with bold strategies?

Farid Mheir's insight:

WHY IT MATTERS: I often will recommend BOLD moves for digital strategies of my clients: automate entire departments, move everything to the cloud, go mobile-first, go AI-first, etc. It is disappointing to see them take more timid approaches: keep on-premise systems and slowly move to cloud, stay away from ecommerce so as not to deal with logistics issues, build a "store of the future" with a few screens and survey kiosks, etc. 

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The five most amazing things that were 3-D-printed this year show that #3Dprinting is ready to move from prototyping towards production

The five most amazing things that were 3-D-printed this year show that #3Dprinting is ready to move from prototyping towards production | WHY IT MATTERS: Digital Transformation | Scoop.it
Each of these items gives us clues to what the future of manufacturing might look like.
Farid Mheir's insight:

WHY IT MATTERS: 3D printing has the potential to disrupt industries when it can manufacture products at scale and low cost. We are closer to this vision.

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Impact of the Fourth Industrial Revolution on Supply Chains HT @JimMarous @MikeQuindazzi @wef #banking #AI #IoT #robotics #blockchain #wearable #AR #Analytics #voicefirst

Impact of the Fourth Industrial Revolution on Supply Chains HT @JimMarous @MikeQuindazzi @wef  #banking #AI #IoT #robotics #blockchain #wearable #AR #Analytics #voicefirst | WHY IT MATTERS: Digital Transformation | Scoop.it

Disruptive technologies are transforming all end-to-end steps in production and business models in most sectors of the economy. The products that consumers demand, factory processes and footprints, and the management of global supply chains are being re-shaped to an unprecedented degree and at unprecedented pace. Industry leaders who were consulted believe that new technological solutions heralded by the Fourth Industrial Revolution – such as advanced robotics, autonomous systems and additive manufacturing – will revolutionize traditional ways of creating value. As the costs of deploying technology continue to fall, international differentials in labour costs will no longer be a decisive factor in choosing the location of production.

The resulting greater spatial and temporal flexibility brought about by technology will bring locations of production and sale closer together, and drive major changes in the design of future value and supply chains. These trends will change the shape and form of globalization, and thereby impact the trajectory of goods. Regional and local flows will become more important, to the detriment of intercontinental trade.

Farid Mheir's insight:

WHY IT MATTERS: the world economic forum keeps putting out great reports on the impact of digital transformation. I love the illustrations, great summary of key trends and their adoption. Must read.

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Puppy or Muffin? How #deepLearning enabled computer vision & made The Business of Artificial Intelligence possible via @hbr

Puppy or Muffin? How #deepLearning enabled computer vision & made The Business of Artificial Intelligence possible via @hbr | WHY IT MATTERS: Digital Transformation | Scoop.it

What AI can — and cannot — do for your organization.

Farid Mheir's insight:

WHY IT MATTERS: advances in computer vision due to deep learning algorithms has opened a world of possibilities for companies. Read this article and accompanying HBR posts. Great series.

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The Robots are Here: a 30min video on the state of #robots & #robotics in 2017 @su_globalsummit

The robots are indeed already here. I work at a university where my job is teaching students and doing research and robotics and so I really what I want to convey to you today is the trends that I see robotics research going that will ultimately turn into actual products and directions that you might be able to take advantage of in the future.

Farid Mheir's insight:

WHY IT MATTERS : the video provides a great review of the state of technology when it comes to robots and robotics today from one of the leading researcher in the field. The talk is peppered with short videos of actual robots so you get a good sense of what's possible today. But remember that we live in an exponential growth era, so things improve very fast.

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Digital Audits as a Tactical and Strategic Management Resource @mit_cisr @inspectorio

Digital Audits as a Tactical and Strategic Management Resource @mit_cisr @inspectorio | WHY IT MATTERS: Digital Transformation | Scoop.it

A new type of audit system that digitizes the process is transforming on-site facility inspection programs. This advanced system increases the effectiveness of factory audits as a risk management tool, and provides new insights into the efficiency of remote manufacturing operations. By linking risk and product quality to inspection outcomes, digitized audits also can deliver cost savings and process improvements.

Farid Mheir's insight:

WHY IT MATTERS: always surprised when I see that paper-based processes continue to exist today. They are low hanging fruits for digital transformation.

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GE + Sight Machine are revolutionizing the #manufacturing industry by mirroring every machine in digital world 

GE + Sight Machine are revolutionizing the #manufacturing industry by mirroring every machine in digital world  | WHY IT MATTERS: Digital Transformation | Scoop.it
The concept of the digital twin contains a trap. When we think of a twin, we think of a copy of an individual. In the digital world, we often think of a copy of an individual device – a physical replica of conveyor belt or radar. The trap is that we limit the scope of twindom and think too small.
Farid Mheir's insight:

This concept of digital twins in the manufacturing world should not be confused with the concept of human digital twins.

http://fmcs.digital/blog/digital-twin/

Here, GE is mirroring digitally everything that a machine is doing, and Sight Machine is pushing the concept forward by mirroring entire manufacturing floors.

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GE Platform for the Industrial Internet is what digital strategy should deliver

GE Platform for the Industrial Internet is what digital strategy should deliver | WHY IT MATTERS: Digital Transformation | Scoop.it
Predix, GE's cloud-based platform (PaaS) for Industrial Internet applications, combines people, machines, big data and analytics. Discover Predix today.
Farid Mheir's insight:

GE's industrial Internet means that in the future they may be best known for their infrastructure than their products and devices. Watch for it.

 

More importantly, the industrial internet and Predix tools came out of a strong digital transformation vision carried out by an exceptional Chief Digital Officer (CDO), Linda Boff. See her profile for more details: http://cdoclub.com/us-chief-digital-officer-of-the-year-linda-boff-on-digital-transformation-at-ge/ 

 

I wrote about GE industrial internet in the past: see here http://www.scoop.it/t/digital-transformation-of-businesses?q=ge 

Silicon Valley's comment, October 8, 2016 8:08 AM
nice
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Augmented reality power tool helps anyone craft things

Augmented reality power tool helps anyone craft things | WHY IT MATTERS: Digital Transformation | Scoop.it

Crafting with CNC mills, routers and other power tools isn't all that easy, especially if you're new to it. You'll frequently want a template, and it's all too easy to mess up a cut if you haven't developed a steady hand. Shaper doesn't think it has to be daunting, though: it's launching Origin, an augmented reality power cutter.

Farid Mheir's insight:

This is a great idea: a power tool with intelligence that drives the motors and controls the drill bit, ensuring you cut to perfection every time. Basically you've become just a fancy motor for the tool to travel and perform its work. Brilliant. Watch the videos to see how it works for real. Expect to see more of this in the future: smart tools that go beyond the mundane to invade all aspects of the physical world, including in this case the construction industry.

 

Also: https://www.engadget.com/2016/08/23/hololens-24-core-chip-makes-vivid-ar-possible/ 

 

Not a surprise but rather an interesting news snippet: dedicated chipsets for AR are starting to appear. This paves the way for lower cost, better quality solutions. Be aware, AR may become a reality in the coming years as forecasted...

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The Chairless Chair, an invisible chair that you can wear

The Chairless Chair, an invisible chair that you can wear | WHY IT MATTERS: Digital Transformation | Scoop.it
It's like a chair that isn't there, but magically appears whenever you need it.
Farid Mheir's insight:

I wrote about exoskeleton earlier this month http://sco.lt/8z0b1l but this invention makes me think of them in a whole new light where they not only decouple your forces but also allow you to stay still for a long time. Here they claim the skeleton can keep its position for 24 hours on a 6V battery.


APPSeCONNECT's curator insight, September 15, 2014 2:54 AM

Really a great invention..:)

Gemma Milne's curator insight, September 15, 2014 4:47 PM

Unbelievable! Why hadn't this been thought of before..?

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Robotic suit gives shipyard workers super strength - health via New Scientist

Robotic suit gives shipyard workers super strength - health via New Scientist | WHY IT MATTERS: Digital Transformation | Scoop.it
Workers building the world's biggest ships could soon don robotic exoskeletons to lug around 100-kilogram hunks of metal as if they're nothing
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