IAA Weekly Reports – News and Trends – [01.03.24]

IAA Weekly Reports – News and Trends – [01.03.24]

IAA presents the latest exciting product news and updates in a mobile friendly text-based summary


MongoDB Expands Global Availability of MongoDB Atlas to Six Additional Cloud Regions

  • MongoDB Atlas—the most widely available cloud-based developer data platform in the world—now available in 117 regions across major cloud providers
  • MongoDB Atlas provides tens of thousands of customers the performance, resilience, security, and flexibility modern applications require

MongoDB, Inc. announced that its industry-leading, multi-cloud developer data platform MongoDB Atlas is now available in six additional cloud regions in Canada, Germany, Israel, Italy, and Poland—the most widely available developer data platform in the world. With this expansion, MongoDB Atlas is now available in 117 cloud regions across Amazon Web Services (AWS), Google Cloud, and Microsoft Azure to meet the demands of more customers with data residency, availability, and latency-sensitive application requirements. For customers that need ultra-high availability or want to more easily combine services from different cloud providers, MongoDB Atlas is the only globally distributed developer data platform for seamlessly running applications across major cloud providers simultaneously. To get started with MongoDB Atlas, visit mongodb.com/atlas.

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“Since introducing multi-cloud clusters on MongoDB Atlas that can run across AWS, Google Cloud, and Microsoft Azure, we have made it easy for customers to control where their data resides by distributing it across major cloud provider regions to meet data sovereignty, regulatory, and performance requirements for their applications,” said Sahir Azam, Chief Product Officer at MongoDB. “Multi-cloud clusters on MongoDB Atlas also give customers the flexibility of seamlessly using cloud services across major providers for their application needs. With the addition of six new cloud regions around the globe, we’re providing greater choice for customers to build modern applications with MongoDB Atlas and to meet the unique demands of their businesses. From customers just getting started migrating and modernizing legacy applications, to those now deploying new generative AI capabilities, we’re providing even more flexibility in where and how they run their workloads using MongoDB Atlas.”

In addition to the broadest choice of available cloud regions, multi-cloud clusters on MongoDB Atlas give customers the ability to combine different services from AWS, Google Cloud, and Microsoft Azure to build, deploy, and run modern applications. For example, with a MongoDB Atlas multi-cloud cluster, organizations can use data from an application running on a single cloud provider and process that data on another cloud provider without the complexity of manually managing data movement. Organizations can also use data stored in different clouds to power a single application or to easily migrate an application from one cloud provider to another as their needs evolve.

To meet the growing demands of customers—from startups, to enterprises, to governments across the globe—adopting and expanding their use of MongoDB Atlas to build modern, intelligent applications, new available cloud regions include:

  • New on AWS: MongoDB Atlas is available in 31 AWS regions globally, now including Canada West (Calgary) and Israel (Tel Aviv), and is integrated with a variety of AWS services such as Amazon SageMaker and can be used with Amazon Bedrock to build AI applications. Customers building applications with MongoDB Atlas on AWS can also take advantage of AI-powered coding assistance using Amazon CodeWhisperer, which is trained on MongoDB code and best practices through a collaboration between AWS and MongoDB. Customers that must meet regulatory requirements for public sector workloads can run MongoDB Atlas in the AWS GovCloud region for mission-critical applications.
  • New on Google Cloud: MongoDB Atlas is available in 38 Google Cloud regions globally, now including Germany (Berlin), and is integrated with several Google Cloud services, including BigQuery and Vertex AI for building AI-powered applications. For MongoDB customers in government or regulated industries that want to take advantage of Google Cloud services but run workloads with the most sensitive data, MongoDB Enterprise Advanced is now available on Google Distributed Cloud Hosted (GDCH), and MongoDB is a preferred partner for the solution. MongoDB Enterprise Advanced on GDCH provides customers an air-gapped environment in a private cloud for sensitive workloads that must meet the most stringent data security and privacy requirements—while taking advantage of the performance, reliability, and highly flexible document data model MongoDB customers expect.
  • New on Microsoft Azure: MongoDB Atlas is available in 48 Microsoft Azure regions globally—now including Israel Central (Tel Aviv), Italy North (Milan), and Poland (Warsaw)—and is integrated with several Microsoft Azure services, including Microsoft Fabric and can be used with Azure OpenAI and Microsoft Semantic Kernel for building AI-powered applications. MongoDB Atlas Online Archive and Atlas Data Federation are also now generally available on Microsoft Azure, allowing customers to automatically tier Atlas databases to the most cost-effective cloud object storage option while retaining the ability to query data, along with a seamless way to read and write data from Atlas databases and cloud object stores. This dramatically simplifies how customers can generate datasets from MongoDB Atlas to feed downstream applications and systems that leverage cloud storage. MongoDB Atlas Online Archive and Atlas Data Federation are generally available on AWS and will be generally available on Google Cloud later this year.

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. “With the pervasiveness of generative AI, it is critical that organizations choose cloud-based technology partners that offer them the flexibility needed to innovate and get new application experiences to market quickly,” said Lara Greden, Research Director, Platform as a Service at IDC. “Organizations need to be able to use the best tools from cloud providers to meet their specific needs, and platforms like MongoDB Atlas and its multi-cloud reach help make that possible. As the growth in deployment of cloud-native applications continues, companies that want to gain a competitive edge must be strategic about their choice of platforms that can both work across different types of data and with different cloud providers.”

For organizations that must meet local regulatory compliance, data privacy, or low-latency application requirements, global clusters on MongoDB Atlas can geographically partition databases across cloud providers to better control where all or some data resides. With just a few clicks, MongoDB Atlas provides recommended global cluster configurations and places relevant data near servers in specific locations around the world to deliver high performance while meeting an organization’s application requirements. By defining a geographic location for partitioned data, organizations using global clusters on MongoDB Atlas are able to more easily satisfy compliance and privacy measures without trading off performance. To get started, visit mongodb.com/cloud/atlas/multicloud-data-distribution.

Along with providing flexible options for data governance and the broadest choice of available cloud regions for its developer data platform, MongoDB also offers on-premises, edge location, and hybrid cloud options with MongoDB Atlas for the Edge to build, deploy, and run modern applications that meet end users anywhere. To get started, visit mongodb.com/use-cases/atlas-for-the-edge.


The hidden costs of industrial printing AND how to reduce them

Identify hidden costs in two minutes with the Total-Cost-of- Ownership-Calculator

How much do the printers you use on your production line cost? What we mean is, how much do they really cost? As the pressure increases on producers and packagers to make their production lines more efficient, we are often asked about how our customers can reduce their printing costs. And the answer we give often surprises them – because we mention costs they often didn’t think primarily about.

Read on and we’ll tell you the six ways that your printers cost money – and how to reduce your total cost. Not only that – you will also get access to our new TCO calculator, which will give you an actual figure personalized to you and your business.

So where is all that money going?

  1. Downtime

This is the cost that is most often overlooked when talking about coding & marking. Downtime can be created by poor print quality as well as by poor printer performance. Some conventional printers need cleaning between pauses in production. So, the production line sits idle while someone takes the printer through the cleaning cycle. Some printers can take up to 20 mins to stabilize before they are ready to print again. This delay costs money: according to Senseye’s True Cost of Downtime Report, the cost of a lost hour ranges from USD 39,000 in the FMCG sector to more than USD 2 million in the automotive sector.

With LEIBINGER, this is not a cost you need to worry about. The LEIBINGER printer technology keeps unused ink in a 100% airtight system. It doesn’t dry out or clog, production schedules are not held up for cleaning, and no precious production time and money is wasted. High quality printing results are guaranteed at any time.

  1. Maintenance

It’s important to keep machines serviced and in good working order, and this can be a significant part of the overall cost – unless you have a LEIBINGER IQJET. The IQJET is maintenance-free for five years. This is possible because we use durable, high-quality components and a unique product design that minimizes ‘wear and tear’ (e.g. no need for a continuously running feed pump). And it removes the maintenance cost altogether.

In contrast many of the other prominent printing solution providers today seem to lack a crucial focus on minimizing parts and maintenance requirements, as their approach revolves around the wholesale replacement of entire ink core modules, that means the entire hydraulic system, at predetermined time intervals such as annually or biennially. Typically, this process is governed by timeout chips, leading to automatic printer shutdowns when these intervals expire. Consequently, this enforced printer downtime results in production halts for manufacturers. This approach not only lacks sustainability but also incurs exorbitant costs. We are not merely referring to the substantial expenses incurred in replacing ink core modules, which are up to USD 1.500 per year; Downtime costs, in terms of lost production, are equally significant.

Therefore, the query regarding maintenance and spare parts policies should be one of the primary questions to ask your coding and printing solutions provider, as it can constitutes a significant long-term cost factor.

  1. Labour

Given the current labor shortage, it is particularly important to consider the time cost of people. How long do operators spend setting up or cleaning printers? Or re-programming them between jobs? What is the expected timeframe for commissioning and installation at the facility? Printers that are easy to install, manage and configure – and with remote control options, for example, so staff don’t have to walk miles around the plant to operate them – will cost less in the long run. Such features are of course included in LEIBINGER printers. The Plug & Print performance of IQJET is unparalleled in the global market. 
The drag-and-drop interface and the simplest print job creation process are not only effortless but also highly intuitive, and no extensive training of employees is required.

  1. The purchase price

The most obvious cost of printing is the upfront cost of equipment, although this is typically less than 30% of the total costs. As with everything, a high- quality, reliable brand will cost more than a cheaper one. And of course, printers cost more if they go faster or provide more features – so the best way to economize is to ensure you don’t pay for features or speeds that you don’t need. In the long term, the best bet is a reputable supplier with a wide range so you can find a price point that suits you.

  1. Consumables

Reduce the amount of ink and solvent you use and you reduce your costs – and not all printers perform equally. LEIBINGERs latest printers have one of the lowest consumption ratings on the market, 2.7 ml pre hour of solvent for MEK inks (competing products typically consume between 6 and 10 ml per hour), and we make sure that ink cartridges are emptied down to the last drop and do not require separate disposal (unlike many conventional CIJ systems). So, you pay less for your consumables.

  1. Power

Energy prices remain high, so the power required to run your printers is an important factor. Not only does it cost money, but it also contributes to your organization’s carbon footprint. Choose equipment with a low wattage rating, such as our new IQJET: drawing only 36W it costs less than any other printer to run.

Show me the money!

While it is useful to know the different ways that your printers cost money, you really need to see the numbers. You need to know exactly how much you’re paying and how much could you save.

And with our online Total Cost of Ownership Calculator, you can have those numbers in about two minutes’ time.

Follow the link https://leibinger-group.com/intelligent-inkjet/tco, answer questions about your production and the way you use printers, and we’ll tell you how much you’re paying overall – and how much you could save.

We promise it will be good use of your time. Check out the Total Cost of Ownership Calculator now.

Source: Paul Leibinger GmbH & Co. KG


OLI Systems Announces Strategic Operational Changes to Enhance Client Relations in Japan

 

OLI Systems has announced a significant change in its operational model in Japan with a strategic move to bolster client services. For 25 years, OLI has successfully collaborated with Simulation Technology Ltd. (“SimTech”), a pivotal partnership that has been instrumental in delivering tailored services and solutions to OLI’s Japanese clients. As of March 22nd, 2024, OLI will shift from this sales agent model to a direct approach in Japan.

Masaru Marui- OLI Systems Business Development Director

This transition, made in collaborative agreement with SimTech, is designed to minimize any disruption to clients. OLI emphasizes that the decision was made in a spirit of mutual respect and cooperation with SimTech, with a focus on ensuring continuity and enhanced service quality for clients.

This operational shift at OLI aligns with their groundbreaking journey at the forefront of process design. OLI is pioneering in fields like oil and gas, chemical and wastewater industries, as well as focusing their efforts on sustainable practices for critical materials and exploring new technologies in CCUS and Geothermal energy. This is powered by collaborative efforts with industry consortiums, government bodies and innovative startups.

In line with its commitment to the Japanese market, OLI is pleased to introduce Masaru Marui as the new Tokyo-based sales director. Marui will serve as the primary contact for OLI in Japan.

OLI’s continuous investment in signature global research programs, designed to meet local industrial needs, has influenced our ability to help users overcome challenges in decarbonization and aid the energy transition. This investment is demonstrated by our deep understanding of the critical materials space, enabling OLI to contribute significantly to sustainable practices and renewable energy advancements.

OLI is dedicated to maintaining and strengthening its client relationships with cutting-edge chemistry and innovative solutions and looks forward to achieving greater milestones together in the future.


Risen Energy’s Cutting-Edge Management Model Chosen as Featured Case Study by China Management Case-Sharing Center

 

The Company Assists Chongqing Technology and Business University in Crafting “Light Chasing Marathon”: Low-carbon background of Risen Energy technology innovation road

The “Light Chasing Marathon” project, a testament to the low-carbon innovation of leading photovoltaic (PV) manufacturer Risen Energy, recently garnered recognition from the China Management Case-Sharing Center (CMCC). This collaboration between Risen Energy and Chongqing Technology and Business University (CTBU) has met the rigorous evaluation standards for inclusion in CMCC’s prestigious case library. The project highlights Risen Energy’s dedication to sustainable technology development and will be an educational resource for MBA programs nationwide in the future, emphasizing the importance of low-carbon solutions in modern business practices.

The recognition highlights Risen Energy’s technical innovation experience in the PV field. It showcases the research significance of the company’s innovation model in driving advanced industrial development. Additionally, it offers valuable insights and experiences for Chinese companies undertaking the path of low-carbon transformation, aligning with ESG objectives, and fostering sustainable development.

CMCC was established in May 2007 with the backing of the China National MBA Education Supervisory Committee. It functions as a service-oriented and non-profit collaborative organization committed to advancing the standards of management case teaching and research in China. Its primary objective is to foster the sharing of case resources, faculty expertise, academic accomplishments, and international collaborative opportunities among Chinese MBA institutions.

This case study sheds light on the trajectory of Risen Energy’s technological innovation in low-carbon background, highlighting their journey of exploring various paths of technological innovation, formulating a strategic approach to innovation, staying committed to the chosen path, and ultimately reaping the rewards of their efforts. In the face of evolving external conditions and the challenges of a low-carbon economy, Risen Energy has consistently invested in research and development, pursued independent innovation, and remained steadfast in its pursuit of technological advancement. Accordingly, they have successfully created low-carbon, energy-efficient products that possess a strong competitive edge, positioning themselves as leaders in the industry. The primary objective of this case study is to help students grasp fundamental concepts such as the significance of technological innovation, the factors driving innovation, different models of technological innovation, and the capabilities required for successful technological advancement.

Over the course of more than 20 years of dedicated involvement in the PV sector, Risen Energy has amassed a wealth of mature PV technologies. They have also established a comprehensive product portfolio that encompasses all popular technological pathways currently prevalent in the market. As a result, Risen Energy is capable of fully satisfying the installation requirements of diverse application scenarios.

Key milestones include:

In 2018, Risen Energy successfully mastered the heterojunction (HJT) technology, achieving the rollout of high-efficiency HJT modules.

In 2022, leveraging the 210 ultra-thin wafer and HJT technology platform, the company successfully developed an innovative product, the HJT Hyper-ion module. It led the industry in scaling up production of HJT modules, while implementing key proprietary technologies such as 0BB cell, 210 ultra-thin wafer, low-silver consumption below 7mg/W, and Hyper-Link stress-free interconnection technology.

Currently, the highest HJT Hyper-ion module conversion efficiency is 23.9%. With exceptional temperature coefficient stability, ultra-high bifaciality, over 90% power retention guaranteed for 30 years, and a carbon footprint of 376.5kg eq CO2/kWc, the module has become one of the most sought-after flagship products in the market.

Moving forward, the brand will maintain its commitment to green development, boost supply chain innovation, and seek additional partnerships to advance the green energy sector, thereby supporting global sustainability and empowering new energy initiatives.


Figure Raises $675M at $2.6B Valuation and Signs Collaboration Agreement with OpenAI

  • Investments from Microsoft, OpenAI Startup Fund, NVIDIA, Jeff Bezos (through Bezos Expeditions), Parkway Venture Capital, Intel Capital and others
  • Figure and OpenAI are collaborating to develop next generation AI models for humanoid robots
  • Figure will leverage Microsoft Azure for AI infrastructure, training, and storage

Figure, an AI robotics company developing general purpose humanoid robots, today announced that it has raised $675M in Series B funding at a $2.6B valuation with investments from Microsoft, OpenAI Startup Fund, NVIDIA, Jeff Bezos (through Bezos Expeditions), Parkway Venture Capital, Intel Capital, Align Ventures, and ARK Invest. This investment will accelerate Figure’s timeline for humanoid commercial deployment.

In conjunction with this investment, Figure and OpenAI have entered into a collaboration agreement to develop next generation AI models for humanoid robots, combining OpenAI’s research with Figure’s deep understanding of robotics hardware and software. The collaboration aims to help accelerate Figure’s commercial timeline by enhancing the capabilities of humanoid robots to process and reason from language.

“We’ve always planned to come back to robotics and we see a path with Figure to explore what humanoid robots can achieve when powered by highly capable multimodal models. We’re blown away by Figure’s progress to date and we look forward to working together to open up new possibilities for how robots can help in everyday life,” said Peter Welinder, VP of Product and Partnerships at OpenAI.

The Figure team, made up of top AI robotics experts from Boston Dynamics, Tesla, Google DeepMind, and Archer Aviation, has made remarkable progress in the past few months in the key areas of AI, robot development, robot testing, and commercialization (Figure recently announced its first commercial agreement with BMW Manufacturing to bring humanoids into automotive production). This new capital will be used strategically for scaling up AI training, robot manufacturing, expanding engineering headcount, and advancing commercial deployment efforts.

Figure will leverage Microsoft Azure for AI infrastructure, training, and storage. “We are excited to collaborate with Figure and work towards accelerating AI breakthroughs. Through our work together, Figure will have access to Microsoft’s AI infrastructure and services to support the deployment of humanoid robots to assist people with real world applications,” said Jon Tinter, Corporate Vice President of Business Development at Microsoft.

“Our vision at Figure is to bring humanoid robots into commercial operations as soon as possible. This investment, combined with our partnership with OpenAI and Microsoft, ensures that we are well-prepared to bring embodied AI into the world to make a transformative impact on humanity,” said Brett Adcock, Founder and CEO of Figure. “AI and robotics are the future, and I am grateful to have the support of investors and partners who believe in being at the forefront.”

Qatalyst Partners provided strategic and financial advice to Figure on this transaction.

ABOUT FIGURE

Figure is an AI Robotics company developing autonomous general purpose humanoid robots. Our Humanoid is designed for initial deployment into the workforce to address labor shortages, jobs that are undesirable or unsafe, and to support supply chain on a global scale. Figure is a Sunnyvale, California-based company with a team of 80 employees, founded 21 months ago.

For more information about Figure AI, please visit: www.figure.ai

SOURCE Figure AI Inc.


Keeping critical power on 24/7 at Subaru of Indiana Automotive

Auto manufacturing has evolved significantly over the past 30 years, but for Subaru of Indiana Automotive, the need for reliable, safe and sustainable power has remained constant. Since 1988, they have relied on ABB’s innovative solutions and responsive service to keep the power on and minimize costly downtime.

The Subaru of Indiana Automotive (SIA) plant was built in 1988. Located in Lafayette, Indiana, USA, the facility carries a legacy of quality vehicle manufacturing.

The plant’s production volume has grown exponentially since it first opened. In 1989, their first year of operation, the facility produced 4,087 vehicles. In the 2023 financial year, that number was 298,837. To stay ahead of the industry’s evolving needs and keep things running smoothly, SIA needs access to safe, efficient electrical infrastructure and round-the-clock power.

The need for clean and efficient power

SIA is an industry leader in sustainable manufacturing practices. They were the first U.S. auto plant to achieve zero landfill and the first to earn ISO 50001 Certification for Energy Management in 2012. Their dedication to “finding new and innovative ways to become better stewards of our environment” is closely linked to their electrification needs.

“We have an 850-acre facility with approximately 5 million square feet of manufacturing space that runs three shifts per day 24/7,” says Justin Whitaker, Building Engineering Group Leader, SIA. “We have to supply power to all those areas of concern, and being able to maintain clean and efficient power for all those manufacturing processes can be challenging.”

“Ensuring our manufacturing processes and equipment are getting correct, consistent power is our key concern. There’s over 6,000 people working here, so any downtime that can be avoided is money ahead for us,” adds Whitaker.

As a long-standing partner of SIA, ABB supports the manufacturer every step of the way by taking care of the electrical infrastructure to maximize their power supply for improved productivity and profitability.

A key solution enabling real-time power and demand monitoring is ABB’s envisage energy management system that trends voltage and current power energy, which enables SIA to monitor disturbances on the electrical network and look at past history to make sure their substations are not overloaded. ABB engineers can connect to the meters and trip units to pinpoint the issue – and get SIA back online as quickly as possible.

The envisage system helps to prevent future outages by identifying anomalies in the power system and alerting ABB engineers before it becomes a more widespread issue.

“They have access to our equipment at all times, even if they’re not here on site. Having that relationship has made it very easy to supply good power for Subaru,” says Whitaker.

Taking a partnership approach

A well-established partnership between SIA and ABB has improved reliability, availability and sustainability across the plant’s substations. At the heart of this partnership is a shared commitment to making the world greener, made possible through ABB power monitoring that delivers real-time insights into the energy efficiency of equipment.

“ABB was initially established as our partner of choice when the building was built. Due to their loyalty, dedication, and persistence in supplying us power and technical support, we’ve continued to use them as our primary service provider for medium power gear here at SIA,” says Whitaker.

“Our field service team was involved with the startup and commissioning of all the ABB provided equipment for the entire plant. The local service team has built upon that relationship from the beginning until now,” says Brandon Morgan, Senior Field Service Engineer at ABB Electrification Service.

ABB engineers are trusted to work with SIA’s entire power system. They turnkey project manage everything from design specification to procurement, to startup and commissioning, and hiring the rigging and electrical contractors to install products.

“We provide continuous support to Subaru of Indiana Automotive – whether it’s a $20 part for a breaker or a $2 million substation, we are their go-to for all their electrification needs,” says Morgan.

Expert service on speed dial

For SIA, downtime can result in the loss of anywhere between hundreds to millions of dollars – which means reliability is key. When they do have a problem, they want to call someone and get a quick response.

They can rest easy thanks to a dedicated local ABB Electrification team on call 24/7/365 to ensure maximum plant uptime.

When storms rolled through the area and knocked out all power, a breaker tripped and shut the plant down. Despite the late hour, Brandon Morgan guided SIA through logging into their HMI, reviewing the event log, and figuring out why the breaker tripped. Together, they discovered it wasn’t a real fault trip, and successfully got the breaker reset and the plant back online.

“We have a very long-lasting relationship with ABB and very close communications between their technical side and our maintenance side to ensure constant power,” says Whitaker. “If we do have issues, ABB is just a phone call away. It’s easy to connect with them to determine or troubleshoot those issues and resolve them.”


Exploring the Globalization Secrets of Neta Auto, a Pure Electric Vehicle Innovator

Despite the slowdown in global economic growth, certain industries are experiencing rapid expansion against the odds. The rapid development of China’s new energy vehicle industry is a prime example. These companies are swiftly integrating into the wave of globalization and achieving remarkable results. What’s the secret behind their success?

Taking Neta Auto as an example. Neta Auto witnessed an exponential surge in overseas sales last year, and is eyeing higher goals in its global expansion with more products catering to market demands for high-quality smart EVs. Let’s explore the secrets behind its globalization achievements, being the top exporter among Chinese startup vehicle companies in 2023.

Strategic Prowess Pioneering Globalization

Neta Auto saw remarkable achievements in 2023. Globally, it delivered 127,496 units, taking the brand’s total delivery count to nearly 400,000 units since it was officially launched in 2018. Notably, in overseas markets, Neta Auto sold more than 20,000 units last year, growing 567 percent year-on-year.

Neta Auto began laying out its overseas market as early as 2020, becoming the first among Chinese startup EV enterprises to design right-hand drive models tailored to the demands of the Southeast Asian market. Building upon its successful experience in the Chinese new energy vehicle market, it prioritizes focusing on potential markets with similar consumer preferences but limited consumer choice, fully seizing market breakout opportunities and gaining significant first-mover advantages.

Buoyed by its ASEAN triumph, Neta Auto is venturing into Middle Eastern, Latin American, and African territories. Presently, Neta Auto boasts a network of over 100 overseas sales channels, firmly positioning itself as the apex predator in niche markets like Thailand.

The ambitious overseas expansion of Neta resonates with the global vision of green and sustainable development. In 2023, at the opening of the Bangkok International Auto Show, then-Thai Prime Minister Prayut Chan-o-cha and his delegation visited the Neta booth, focusing on understanding the company’s global layout development. In the same year, in August, Neta showcased its various products at the 2023 Indonesia International Auto Show (GIIAS). Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto and his delegation visited the Neta booth for cordial exchanges.

Neta Auto Thailand Factory Commencement Ceremony

Localized Penetration, Firm Commitment to Longevity

The development of globalization relies on deep-rooted local presence. Last November, Neta Auto’s first overseas factory, with a designated annual production capacity of 20,000 vehicles, completed construction and was put into operation in Thailand. Expected to commence large-scale production in the first quarter this year, the factory will serve as a key manufacturing hub, particularly for right-hand drive models, targeting the smart and green mobility demands in Thailand and broader overseas markets.

In Indonesia, the Chinese EV startup partnered with PT Handal Indonesia Motor last year, and will jointly start to assemble complete cars from the second quarter of this year. This January, Neta signed a deal with a Malaysian partner to jointly build its local factory. The plant is scheduled to start production in 2025.

In addition to the factory, Neta Auto claimed it will also collaborate with local partners to jointly build complete industrial chains, including supply chains, sales channels, after-sales services, charging facilities, etc., to contribute to the local new energy vehicle industry.

Concurrently, Neta Auto is diligently fortifying its global sales and service network, epitomized by its robust infrastructure in Thailand. The Neta Auto call center stands as a beacon of assistance, offering round-the-clock emergency support, while collaborations with local partners ensure ubiquitous access to charging stations, enhancing the overall user experience.

Product Excellence and Technological Mastery: Cornerstones of Globalization

Neta Auto’s meteoric rise can be attributed to its commitment to crafting intelligent, aesthetically pleasing, and high-performance electric vehicles catering to diverse consumer preferences across SUVs, sedans, and sports cars. The future competition of intelligent electric vehicles fundamentally lies in technological prowess. Neta prioritizes user-centric approaches, driving product planning, organizational development, technological innovation, and service construction according to user-oriented thinking.

Neta Auto has a wide range of products, including left- and right-hand drive vehicles, pure EVs, and range-extended models, while meeting European Union standards. It expects to have six to seven models available for sale overseas by the end of this year, and its main products cover most of the mass consumer market.

Neta Auto’s products NETA X, NETA S, NETA GT, and NETA AYA

Furthermore, Neta Auto’s vertical integration, from research and development to manufacturing of core components, underscores its self-reliance. The HOZI Technology Platform, a marvel of technological innovation, integrates cutting-edge solutions across smart cabin integration, intelligent driving, and new energy systems, solidifying Neta Auto’s position as an industry vanguard.

Neta’s focus on intelligent development has also received recognition from the scientific community. Academician Ouyang Minggao of the Chinese Academy of Sciences stated, “In recent years, Neta has diligently and rigorously pursued continuous technological innovation, which sincerely earns my admiration for the team’s spirit.”

The forward-thinking strategic vision, sustained commitment to long-termism in overseas expansion, and robust technological capabilities are partial reasons behind Neta Auto’s current globalization achievements. With aspirations to penetrate 60 countries and establish over 300 overseas channels by 2024, the journey ahead is laden with challenges and opportunities.


Seeq Announces Generative AI Capabilities with Seeq AI Assistant

New AI capabilities accelerate operational excellence across the industrial enterprise

 

Seeq, a leader in industrial analytics and AI, today unveiled the Seeq AI Assistant, a generative AI (GenAI) resource embedded across its industrial analytics platform. The Seeq AI Assistant provides real-time assistance to users across the enterprise, empowering them to accelerate mastery of the Seeq platform, build advanced analytics, machine learning, and AI skills and knowledge, and accelerate insights to improve decision making in pursuit of operational excellence and sustainability.

In a recent study by Deloitte, 93% of industrial companies believe AI will be a game changer for driving growth and innovation in the industrial sector. The analytical insights required to bolster operational excellence continue encountering roadblocks due to a shortage of skills, siloed capabilities within organizations, and untapped stockpiles of time series data.

Seeq has over a decade of experience working with some of the most recognizable names in the oil & gas, chemicals, pharmaceuticals, and other industrial sectors to remove or mitigate these roadblocks. The Seeq AI Assistant provides organizations with the opportunity to further debottleneck their most precious resource – the people at the frontlines of their processes and decisions.

GenAI is a type of artificial intelligence capable of generating new content, such as text, images, and code in response to prompts entered by a user. GenAI models are trained with existing data to learn patterns that enable the creation of new content. While GenAI is a powerful technology, it isn’t innately capable of generating information and guidance applicable within the complexity and context of an industrial production environment.

Seeq is uniquely positioned to drive industrial innovation with GenAI, given the company’s expertise in industrial data and its open and extensible analytics platform that was developed to leverage and serve subject matter experts and their enterprise decisions. Seeq provides on-demand access to critical time series data, data contextualization capabilities, and established intellectual property. Utilizing the extensive body of advanced analytics, data science, machine learning and coding knowledge held in Seeq technical documentation and its knowledge base, Seeq is operationalizing the power of GenAI for its customers. Combining these competencies with prompt engineering curated by the world-class analytics and learning engineers at Seeq, the Seeq AI assistant generates accurate and actionable suggestions for analytical approaches and techniques, code generation and more. Seeq also supports multiple providers and LLMs for organizational flexibility.

“With the Seeq AI Assistant, we expect to decrease our process experts’ learning curve for advanced analytics and machine learning by 50% or possibly more,” said Brian Scallan, Director of Continuous Improvement at Ascend Performance Materials. “For our extensive user base, this translates into immediate enhancements in process quality and yields, significantly elevating efficiency and value across the organization.”
“By combining GenAI with advanced industrial analytics, organizations can unlock new levels of efficiency, accuracy, and innovation that deliver measurable business impact,” said Dustin Johnson, Chief Technology Officer at Seeq. “Integrating the Seeq AI Assistant across the Seeq platform enables team members across industrial organizations to harness the power of GenAI to drive favorable operational excellence, profitability, workforce upskilling, and sustainability outcomes and stay ahead in an increasingly competitive landscape.”

In short, the Seeq AI Assistant empowers frontline experts in process engineering, data science and operations to rapidly bridge process, analytics and coding knowledge gaps, unlocking workflows and results that were previously time and effort prohibitive or impossible.

“GenAI capabilities are a powerful inclusion in analytics software as a way to democratize AI and machine learning,” said Jonathan Lang, Research Director for IDC Industry Operations. “Based on conversations with industrial enterprises, GenAI offers a more natural interface to lower the barriers to data analytics, and Seeq has included features to alleviate one of the top concerns companies have about trust by including explainability to ensure the GenAI  ‘shows its work.’”

Seeq is available worldwide through a global partner network of system integrators, which provides training, services, and resale support for Seeq in over 40 countries, in addition to its global direct sales organization.

To learn more about Seeq, visit www.seeq.com.


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Third Industrial Ethernet Week focuses on generative AI in manufacturing use cases
RWTH study quantifies advantages of polymer bearings from igus for the first time