NEC Supplies Toyo Engineering with IoT Solution based on GE Predix

NEC Supplies Toyo Engineering with IoT Solution based on GE Predix

NEC Supplies Toyo Engineering with IoT Solution based on GE Predix

Optimization system for fertilizer plant operations and maintenance.

NEC Corporation announced it has supplied Toyo Engineering Corporation (TOYO) with an IoT solution based on the industry platform Predix from General Electric Company (GE) in order to optimize fertilizer plant operations and maintenance.

This system will gather data on fertilizer plant operations and maintenance via Predix, and share data between all concerned parties in real-time, enabling the plant to be operated and maintained more efficiently.

Having entered into a comprehensive partnership with GE in the field of IoT in October 2016, with an eye to accelerating Digital Transformation, NEC has established a framework to provide companies with total support for the development, installation and maintenance of IoT solutions.

In line with this process, more than 100 NEC engineers are already certified in Predix, and the company plans to increase that number to approximately 500 by fiscal 2020. Moreover, NEC also uses Predix to manage large-scale projects as part of improving its global supply chain.

Masaaki Saito, executive specialist, IoT Platform Development Division, NEC Corporation, said:

“This order for TOYO is part of NEC’s commitment to promoting IoT solutions based on Predix while capitalizing on our track record and expertise.”

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IoT Business News

Siemens Redefining its Role in Industrial Digitalization

Siemens is leaving no stone un-turned while redefining the industrial digitisation. Today, around 900 software developers, data specialists and engineers are already working together with Siemens customers at these centres to develop digital innovations for data analysis and machine learning.

New solutions are being developed on MindSphere, Siemens’ open, cloud-based operating system for the Internet of Things (IoT). To be close to its customers, the company has distributed its 20 centres across around 50 locations in 17 countries worldwide. “We’re continuously expanding our leadership role in industrial digitisation,” said Joe Kaeser, Siemens President and CEO. “With our global experience in electrification and automation and our industrial software expertise, we’re generating optimal benefits for our customers – benefits that no other companies can replicate at such high levels of performance.”

Siemens has launched its MindSphere IoT operating system across the company about a year ago. Around one million devices and systems are now connected together via MindSphere, and this figure is to reach 1.25 million by the end of fiscal 2018. Beginning in January 2018, it will also be available on Amazon Web Services. This partnership brings Siemens and leading cloud solutions provider. As a result, users enjoy the benefits of a more powerful development environment, additional analysis functions and expanded connectivity. Industrial applications and digital services can be developed and run on MindSphere.

To further accelerate the innovation process, Siemens will again increase its research and development (R&D) expenditures in fiscal 2018 and invest an additional sum of around €450 million.   Read more…

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Internet Of Things | IoT India

The installed base of construction equipment OEM telematics systems will reach 4.6 million units worldwide by 2021

The installed base of construction equipment OEM telematics systems will reach 4.6 million units worldwide by 2021

The installed base of construction equipment OEM telematics systems will reach 4.6 million units worldwide by 2021

Berg Insight estimates that the global installed base of active construction equipment (CE) OEM telematics systems reached almost 1.8 million units in 2016.

Growing at a compound annual growth rate (CAGR) of 21.3 percent, the active installed base is estimated to reach 4.6 million units worldwide in 2021.

This includes all CE telematics systems marketed by construction equipment OEMs, either developed in-house or provided by the CE manufacturers in partnership with third-party telematics players.

Berg Insight estimates that the European market accounted for almost 0.4 million active construction equipment OEM telematics systems at the end of 2016. The North American market is estimated to be slightly larger than the European. The Rest of World represents more than half of the global installed base of CE telematics systems provided by construction equipment OEMs.

Most major construction equipment OEMs have introduced telematics offerings for its customers either independently or in collaboration with telematics partners. OEM telematics systems are today commonly factory-installed as standard at least for heavier machines.

Berg Insight ranks Caterpillar and Komatsu as the leading construction equipment OEMs in terms of the number of CE telematics systems deployed worldwide. “The leading construction equipment manufacturers by market share are unsurprisingly also by far the top players when it comes to the number of OEM telematics subscribers”, said Rickard Andersson, Senior Analyst, Berg Insight.
He adds that this is a natural development in an industry where telematics has increasingly been included as standard with the machine purchase for quite some time, gradually covering more models and equipment categories.

Mr. Andersson continued:

“Caterpillar and Komatsu together account for more than one million telematics units today.”

Berg Insight chart: installed base of active construction equipment OEM telematics units 2016-2021Other key players include Japan-based Hitachi Construction Machinery and South Korea-based Hyundai Construction Equipment as well as JCB, Volvo CE and Deere & Company which are based in the UK, Sweden and the US respectively. South Korea-based Doosan Infracore, Liebherr based in Switzerland and CNH Industrial which is headquartered in the UK all have global installed bases of construction equipment telematics units in the low tens of thousands. “Notably, half of the top-10 OEMs have surpassed the milestone of 100,000 telematics units globally”, concluded Mr. Andersson.

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IoT Business News

Industrial asset intelligence startup Alchemy IoT closes $4M seed investment

Alchemy IoT, an IoT Asset Intelligence company helping small- to mid-sized industrial customers use AI-capabilities raised $ 4M in seed funding. The investment was led by Aweida Venture Partners.

Alchemy’s Layout Screens

Alchemy’s main differentiation from similar IoT analytics companies is that it eliminates the need to write complex code for customers. Its SaaS (software-as-a-service) application called Clarity is used for asset health monitoring, operations, and maintenance. The system provides extensive API support, from IoT APIs to analytics APIs and component as well as admin APIs. The REST APIs integrate with both cloud-based IoT platforms or directly with customers’ equipment which allows them to access data from assets.

The application’s core features include sensor data monitoring, AI-based analytics, notifications/alerts, and custom capabilities (such as events and dashboards). Alchemy markets its product by stating that it eliminates the need for data scientists and custom coding, though it appears that Clarity would most likely handle regular usage scenarios and leave out edge cases that so often are a norm in industrial use cases.

“Our mission is to make AI-powered IoT a ‘no-code’ proposition, one that any industrial company can quickly start and put to use to gain fast value. Too many of today’s IoT solutions require a massive budget and an extraordinary amount of customization to even getting started – we aim to disrupt and change that.” Victor Perez, CEO Alchemy IoT


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