A presentation I gave at the New Mexico Experience IT Conference on IoT and Smart Manufacturing. Includes some very brief details at the end about Cogswell.io (http://www.cogswell.io), our IoT Service Platform which includes Complex Event Processing (CEP) and Pub/Sub solutions. Some slides are unfortunately missing a few references.
Management Information Systems presentation on Industry 4.0
-> A Timeline of Industrial Revolutions The Genesis of 4.0
-> Components of Industry 4.0 Why 4.0?
-> Use Cases
-> Smart Logistics and Warehousing Quality Management
-> The Future Ahead: 5.0?
Industry 4.0 promises great increase in productivity and profitability. This presentation covers the basics of this new manufacturing approach and it separates facts from fiction.
A presentation I gave at the New Mexico Experience IT Conference on IoT and Smart Manufacturing. Includes some very brief details at the end about Cogswell.io (http://www.cogswell.io), our IoT Service Platform which includes Complex Event Processing (CEP) and Pub/Sub solutions. Some slides are unfortunately missing a few references.
Management Information Systems presentation on Industry 4.0
-> A Timeline of Industrial Revolutions The Genesis of 4.0
-> Components of Industry 4.0 Why 4.0?
-> Use Cases
-> Smart Logistics and Warehousing Quality Management
-> The Future Ahead: 5.0?
Industry 4.0 promises great increase in productivity and profitability. This presentation covers the basics of this new manufacturing approach and it separates facts from fiction.
Smart Factory Using Smart ManufacturingSatjitkumar
The goal of smart manufacturing is to create smart factories – factories of the future or Intelligent factories. There are many advances in methods and concepts of smart manufacturing, due to the research and development efforts in the past 10 years.
Impact for Educational Institutions, Internet of things, Digital Enablers, New Age Production, Smart Factory, New digital industrial technology, Interdisciplinary Thinking, Digital Work Place, 3d printing,
Industry 4.0 is a name given to the current trend of automation and data exchange in manufacturing technologies. It includes cyber-physical systems, the Internet of things, cloud computing and cognitive computing. Industry 4.0 is commonly referred to as the fourth industrial revolution.
Industry 4.0 has widespread application across Industries (Manufacturing, Logistics, Mobility etc.). In case of manufacturing and processing industries Industry 4.0 means Smart Manufacturing using IIoT (Industrial Internet of Things or simply Industrial IoT) in a connected smart factory.
It enables an Organization to make smart data-driven decisions based on Big Data, Artificial Intelligence and Machine Learning. Industry 4.0 IIoT has several benefits such as Resource Optimization, Cost Reduction, Automation, Predictive Maintenance and Prescriptive Analytics and Control etc.
this is the basic slide for the introduction of Industry 4.0. how this works and what are the foundations required for the working of the indusry as it is taking globally a huge transformation.
Industry 4.0 is a name given to the current trend of automation and data exchange in manufacturing technologies. It includes cyber-physical systems, the Internet of things, cloud computing and cognitive computing. Industry 4.0 is commonly referred to as the fourth industrial revolution.
Top 5 digital transformation trends in manufacturing https://www.forbes.com/sites/danielnewman/2017/08/08/top-5-digital-transformation-trends-in-manufacturing/
Smart Factory Using Smart ManufacturingSatjitkumar
The goal of smart manufacturing is to create smart factories – factories of the future or Intelligent factories. There are many advances in methods and concepts of smart manufacturing, due to the research and development efforts in the past 10 years.
Impact for Educational Institutions, Internet of things, Digital Enablers, New Age Production, Smart Factory, New digital industrial technology, Interdisciplinary Thinking, Digital Work Place, 3d printing,
Industry 4.0 is a name given to the current trend of automation and data exchange in manufacturing technologies. It includes cyber-physical systems, the Internet of things, cloud computing and cognitive computing. Industry 4.0 is commonly referred to as the fourth industrial revolution.
Industry 4.0 has widespread application across Industries (Manufacturing, Logistics, Mobility etc.). In case of manufacturing and processing industries Industry 4.0 means Smart Manufacturing using IIoT (Industrial Internet of Things or simply Industrial IoT) in a connected smart factory.
It enables an Organization to make smart data-driven decisions based on Big Data, Artificial Intelligence and Machine Learning. Industry 4.0 IIoT has several benefits such as Resource Optimization, Cost Reduction, Automation, Predictive Maintenance and Prescriptive Analytics and Control etc.
this is the basic slide for the introduction of Industry 4.0. how this works and what are the foundations required for the working of the indusry as it is taking globally a huge transformation.
Industry 4.0 is a name given to the current trend of automation and data exchange in manufacturing technologies. It includes cyber-physical systems, the Internet of things, cloud computing and cognitive computing. Industry 4.0 is commonly referred to as the fourth industrial revolution.
Top 5 digital transformation trends in manufacturing https://www.forbes.com/sites/danielnewman/2017/08/08/top-5-digital-transformation-trends-in-manufacturing/
Canada - What is next for Manufacturing | February 2022 and January 2022 paul young cpa, cga
Manufacturing sales rose for the fourth consecutive month, up 0.6% to $64.8 billion in January on higher sales in 14 of 21 industries, led by the petroleum and coal (+6.8%) and wood (+6.5%) product industries. The gain was partially offset by lower sales of motor vehicles (-17.5%). On a year-over-year basis, total manufacturing sales were up 13.4% in January.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220315/dq220315a-eng.htm
Canada - What is next for Manufacturing - August 2021 and September 2021paul young cpa, cga
Blog – What is next for Canada’s Manufacturing sector?
Following a 1.2% decline in July, manufacturing sales increased 0.5% to $60.3 billion in August, on higher sales of petroleum and coal (+7.3%), chemicals (+6.3) and primary metals (+3.3%). Sales of wood products (-17.1%), motor vehicles (-8.7%) and motor vehicle parts (-10.5%) declined the most. On a year-over-year basis, total sales were up 14.9% in August.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/211014/dq211014a-eng.htm
1. PMI – Canada - https://www.forexlive.com/news/!/canada-september-markit-pmi-20211001
2. Commodity prices continue to expand which is impacting the producer price index for manufacturers – https://www.marketwatch.com/story/canada-producer-price-index-declines-0-3-in-august-271632919807
3. Supply chain disruption - https://thoughtleadership.rbc.com/forward-guidance-our-weekly-preview/
4. Growth - https://www.reuters.com/world/americas/canada-factory-activity-sees-strong-growth-despite-supply-shocks-2021-10-01/
5. Reshoring - https://www.bdc.ca/en/articles-tools/blog/are-canadian-businesses-reshoring-production
6. Circular economy - https://www.marketwatch.com/story/a-better-way-than-recycling-these-manufacturers-are-taking-part-in-a-circular-economy-11633613962
7. Recycling - https://environmentjournal.ca/new-beverage-container-recycling-program-for-ontario/
8. Bio manufacturing - https://thehub.ca/2021-10-01/matt-spoke-now-is-the-time-to-make-canada-a-leader-in-bio-manufacturing/
9. Skills gaps - https://www.canadianmetalworking.com/canadianmetalworking/article/management/attracting-manufacturing-talent-needs-to-be-an-intentional-effort
10. Automation - https://www.ippt.ca/the-very-future-of-manufacturing-hinges-on-automation/
11. Food costs - https://www.producer.com/opinion/how-serious-is-food-inflation-in-canada/
AI in Manufacturing: moving AI from Idea to ExecutionbyteLAKE
#AI and #HPC convergence is here and is here to stay and accelerate innovations across industries. The increased availability of data, hardware advancements leading to increased computational capabilities, and new algorithms and mathematical models have collectively resulted in the accelerated AI expansion in all sorts of applications. This, however, creates high computational needs which naturally have been more and more successfully addressed by HPC (High-Performance Computing). In that sense, AI & HPC complement each other. HPC infrastructure is often used to train AI’s powerful algorithms by leveraging huge amounts of sample data (training set) and in that way enables AI models (trained algorithms) to recognize shapes, objects (machine vision), find answers hidden in the data (predictive maintenance, data analytics) or accelerate time to results (predict the outcome of complex engineering simulations).
We at byteLAKE have been closely working with Lenovo, Lenovo Infrastructure Solutions Group, Intel Corporation, NVIDIA and many more to ensure that our AI-powered products not only help our clients efficiently automate various operations and reduce time and cost but also are highly optimized and make the most of the hardware and software infrastructure where they are deployed. Besides our efforts in bringing AI solutions to the paper industry and manufacturing in general (which I described in my previous post), our efforts in bringing value thru AI in the chemical industry highly benefit from HPC's capabilities to dynamically scale and keep up with performance requirements. Our product, #CFDSuite (AI-accelerated CFD) leverages HPC to efficiently analyze historic CFD simulations and makes it possible for our clients to predict their outcomes on various edge devices i.e. laptops, desktop PCs or local edge servers. And with that in mind, I am very happy to see the byteLAKE team becoming one of the drivers of AI & HPC convergence and leveraging it to bring innovations to various industries.
Links:
- byteLAKE's Cognitive Services: www.byteLAKE.com/en/CognitiveServices (Cognitive Services (AI for Paper Industry & Manufacturing)). Related blog post series: www.byteLAKE.com/en/CognitiveServices-toc
- byteLAKE's CFD Suite: www.byteLAKE.com/en/CFDSuite. Related blog post series: www.byteLAKE.com/en/AI4CFD-toc
- byteLAKE’s CFD Suite (AI-accelerated CFD) — HPC scalability report: https://marcrojek.medium.com/bytelakes-cfd-suite-ai-accelerated-cfd-hpc-scalability-report-25f9786e6123 (full report: https://www.slideshare.net/byteLAKE/bytelakes-cfd-suite-aiaccelerated-cfd-hpc-scalability-report-april21)
- byteLAKE's CFD Suite (AI-accelerated CFD) - product community: www.bytelake.com/en/AI4CFD-pt2 (LinkedIn and Facebook groups)
#AI #IoT #Manufacturing #Automotive #Paper #PaperIndustry #ChemicalIndustry #CFD #FluidDynamics #OpenFOAM #ArtificialIntelligence #DeepLearning #MachineLearning #ComputerVision #Automation #Industry40
The Factory of the Future isn’t some futuristic fantasy. It’s quickly becoming the new reality. And tech-savvy manufacturers are either on board or preparing for change.
Blog
1. Public sector will continue to move more of their operational model to a digital model - https://www.slideshare.net/paulyoungcga/fiscal-management-federal-state-and-local-government-the-united-states
2. SME issues - http://www.cornellpolicyreview.com/structural-policies-to-prevent-a-k-shaped-recovery-sme-digitization-and-financial-inclusion/
3. Top 6 emerging sectors - https://www.forbes.com/sites/forbesbusinesscouncil/2021/04/19/2021s-top-six-emerging-industries-to-invest-in/?sh=2f79dae56703
4. Mitigating the impact of climate change - https://www.investing.com/news/economy/climate-finance-targets-top-agenda-for-this-weeks-g7-meetings-2492162
5. Bull market for commodities - https://www.investing.com/analysis/commodity-bulls-riding-high-on-us-dollar-weakness-200576644
6. Automated Mining - https://www.nokia.com/networks/industries/mining/?did=D000000004QE&gclid=Cj0KCQjw-LOEBhDCARIsABrC0Tln0oBwiirsuvcYn1ZEtmLLomVc_jk53IVxm3doMBak5jIlE8LkhOQaAlrSEALw_wcB
7. Vertical farming - https://investorplace.com/2021/04/seven-vertical-farming-stocks-feeding-the-world/
8. Construction and robots - https://www.forbes.com/sites/ninawolpow/2021/04/15/robotics-startup-canvas-raises-24-million-to-revitalize-construction/?sh=2aaf41401fdd
9. Port automation - https://www.maritime-executive.com/article/watch-shanghais-automated-container-terminal
10. Robotics ships - https://www.wired.com/story/mayflower-autonomous-ships/
Advanced manufacturing syposium 2016 siaa colin kohColin Koh (許国仁)
Abstract:. Smart Nation, Advanced Manufacturing, IoT and Robotics are the few key focus area in Singapore to ensure economic grow by improving productivity, efficiency and drive innovation. There are still many challenges ahead at the same time provide opportunity for emerging SMEs and start-up. This presentation will highlight the Digitisation of automation technology and current stage of standard development in IoT and Robotics from the industry perspective.
Technology will continue to play a big role in terms of the global economy. Countries need to revisit their various policies as part of supporting the technology sector in their country.
Pre-Covid (Novel Coronavirus), During and Post-Covid has changed everything from thinking to doing. “Smart Factory” is the basic principle of Industry 4.0 wherein new technology allowing the fusion of physical world and the digital world. Industry 4.0 encompasses the various transformations we’re experiencing in modern manufacturing process and industry landscape as a whole. Artificial Intelligent, Augmented, Virtual and Mixed Reality, Internet of Things (IoTs), Cloud Computing and Cognitive Computing have created one system to coordinate, communicate and connect Man, Machine and Method remotely.
Here, Industry 4.0 or Manufacturing 4.0 is the amalgamation of IT, ICT and Manufacturing operations. Data is a valuable asset in digital revolution and this has inspired a vision to the manufacturing industry to create a data space as a trusted field for the exchange of information across company boundaries that helps to ease the overall manufacturing and business operations.
Rapidly evolving technology is creating many opportunities for strategic technologies to rise in the market. As the demand for specific skills increases, let's look at the current trends for an IT professional to follow.
Canada - What is next for Manufacturing - November 2021 and December 2021paul young cpa, cga
Blog – What is next for Canada’s Manufacturing Sector
Manufacturing sales rose for a second consecutive month in November, rising 2.6% to $63.1 billion on higher sales in 18 of 21 industries, led by the primary metal, petroleum and coal product, non-metallic mineral, and food product industries.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220117/dq220117b-eng.htm
1. Sustainable manufacturing practices - https://www.corporateknights.com/energy/how-to-transform-canadas-heavy-industry-into-a-net-zero-powerhouse/
2. Five things to watch - https://www.yorkregion.com/news-story/10555064-five-things-to-watch-for-in-canadian-business/
3. Global commodity index - https://www.yorkregion.com/news-story/10555064-five-things-to-watch-for-in-canadian-business/
4. Adoption of 3D printing - https://themanifest.com/ca/product-design/3d/agencies
5. Supply Chain - https://www.supplychainbrain.com/blogs/1-think-tank/post/34349-how-3d-printing-can-streamline-supply-chains
6. Robotics - https://blog.waterlooedc.ca/waterloo-robotics-companies and https://blog.waterlooedc.ca/waterloo-robotics-companies
7. FDI - https://www.fdiintelligence.com/article/80585
8. USA policies are focusing on support clean technology made by union labor - https://montreal.ctvnews.ca/quebec-e-bus-maker-lion-electric-moves-into-u-s-plant-1.5734014
9. Rural areas - https://www150.statcan.gc.ca/n1/pub/45-28-0001/2022001/article/00001-eng.htm
10. Lumber - https://www.woodbusiness.ca/2022-lumber-markets-outlook/
11. Oil - https://ca.news.yahoo.com/canada-oil-gas-production-exploration-151300488.html
12. Natural Resources sector - https://www150.statcan.gc.ca/n1/daily-quotidien/220114/dq220114a-eng.htm
13. Near-shoring Canada - https://www.msn.com/en-ca/money/topstories/as-supply-chain-issues-persist-champagne-set-to-meet-with-industry/ar-AASI4ZM
Manufacturing sales rose 1.7% to $72.3 billion in April, mainly on higher sales in the petroleum and coal product (+3.7%), motor vehicle (+8.2%), and primary metal (+4.1%) as well as higher production of aerospace product and parts (+11.2%) industries. Meanwhile, wood product sales decreased the most (-6.0%).
Sales in constant dollars rose 0.9% in April, indicating that both prices and volume sold contributed to the gains in April. The Industrial Product Price Index rose 0.8% in April.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220614/dq220614a-eng.htm
Manufacturing sales rose 2.5% to $70.2 billion in March, the sixth consecutive monthly increase. Sales rose in 16 of 21 industries, led by the petroleum and coal (+9.1%), primary metal (+6.5%), paper (+9.3%), and chemical (+3.3%) product industries. Meanwhile, the machinery industry posted the largest decline (-4.9%).
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220516/dq220516a-eng.htm
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
JMeter webinar - integration with InfluxDB and GrafanaRTTS
Watch this recorded webinar about real-time monitoring of application performance. See how to integrate Apache JMeter, the open-source leader in performance testing, with InfluxDB, the open-source time-series database, and Grafana, the open-source analytics and visualization application.
In this webinar, we will review the benefits of leveraging InfluxDB and Grafana when executing load tests and demonstrate how these tools are used to visualize performance metrics.
Length: 30 minutes
Session Overview
-------------------------------------------
During this webinar, we will cover the following topics while demonstrating the integrations of JMeter, InfluxDB and Grafana:
- What out-of-the-box solutions are available for real-time monitoring JMeter tests?
- What are the benefits of integrating InfluxDB and Grafana into the load testing stack?
- Which features are provided by Grafana?
- Demonstration of InfluxDB and Grafana using a practice web application
To view the webinar recording, go to:
https://www.rttsweb.com/jmeter-integration-webinar
Let's dive deeper into the world of ODC! Ricardo Alves (OutSystems) will join us to tell all about the new Data Fabric. After that, Sezen de Bruijn (OutSystems) will get into the details on how to best design a sturdy architecture within ODC.
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
PHP Frameworks: I want to break free (IPC Berlin 2024)Ralf Eggert
In this presentation, we examine the challenges and limitations of relying too heavily on PHP frameworks in web development. We discuss the history of PHP and its frameworks to understand how this dependence has evolved. The focus will be on providing concrete tips and strategies to reduce reliance on these frameworks, based on real-world examples and practical considerations. The goal is to equip developers with the skills and knowledge to create more flexible and future-proof web applications. We'll explore the importance of maintaining autonomy in a rapidly changing tech landscape and how to make informed decisions in PHP development.
This talk is aimed at encouraging a more independent approach to using PHP frameworks, moving towards a more flexible and future-proof approach to PHP development.
State of ICS and IoT Cyber Threat Landscape Report 2024 previewPrayukth K V
The IoT and OT threat landscape report has been prepared by the Threat Research Team at Sectrio using data from Sectrio, cyber threat intelligence farming facilities spread across over 85 cities around the world. In addition, Sectrio also runs AI-based advanced threat and payload engagement facilities that serve as sinks to attract and engage sophisticated threat actors, and newer malware including new variants and latent threats that are at an earlier stage of development.
The latest edition of the OT/ICS and IoT security Threat Landscape Report 2024 also covers:
State of global ICS asset and network exposure
Sectoral targets and attacks as well as the cost of ransom
Global APT activity, AI usage, actor and tactic profiles, and implications
Rise in volumes of AI-powered cyberattacks
Major cyber events in 2024
Malware and malicious payload trends
Cyberattack types and targets
Vulnerability exploit attempts on CVEs
Attacks on counties – USA
Expansion of bot farms – how, where, and why
In-depth analysis of the cyber threat landscape across North America, South America, Europe, APAC, and the Middle East
Why are attacks on smart factories rising?
Cyber risk predictions
Axis of attacks – Europe
Systemic attacks in the Middle East
Download the full report from here:
https://sectrio.com/resources/ot-threat-landscape-reports/sectrio-releases-ot-ics-and-iot-security-threat-landscape-report-2024/
LF Energy Webinar: Electrical Grid Modelling and Simulation Through PowSyBl -...DanBrown980551
Do you want to learn how to model and simulate an electrical network from scratch in under an hour?
Then welcome to this PowSyBl workshop, hosted by Rte, the French Transmission System Operator (TSO)!
During the webinar, you will discover the PowSyBl ecosystem as well as handle and study an electrical network through an interactive Python notebook.
PowSyBl is an open source project hosted by LF Energy, which offers a comprehensive set of features for electrical grid modelling and simulation. Among other advanced features, PowSyBl provides:
- A fully editable and extendable library for grid component modelling;
- Visualization tools to display your network;
- Grid simulation tools, such as power flows, security analyses (with or without remedial actions) and sensitivity analyses;
The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
What you will learn during the webinar:
- For beginners: discover PowSyBl's functionalities through a quick general presentation and the notebook, without needing any expert coding skills;
- For advanced developers: master the skills to efficiently apply PowSyBl functionalities to your real-world scenarios.
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
"Impact of front-end architecture on development cost", Viktor TurskyiFwdays
I have heard many times that architecture is not important for the front-end. Also, many times I have seen how developers implement features on the front-end just following the standard rules for a framework and think that this is enough to successfully launch the project, and then the project fails. How to prevent this and what approach to choose? I have launched dozens of complex projects and during the talk we will analyze which approaches have worked for me and which have not.
Transcript: Selling digital books in 2024: Insights from industry leaders - T...BookNet Canada
The publishing industry has been selling digital audiobooks and ebooks for over a decade and has found its groove. What’s changed? What has stayed the same? Where do we go from here? Join a group of leading sales peers from across the industry for a conversation about the lessons learned since the popularization of digital books, best practices, digital book supply chain management, and more.
Link to video recording: https://bnctechforum.ca/sessions/selling-digital-books-in-2024-insights-from-industry-leaders/
Presented by BookNet Canada on May 28, 2024, with support from the Department of Canadian Heritage.
Dev Dives: Train smarter, not harder – active learning and UiPath LLMs for do...UiPathCommunity
💥 Speed, accuracy, and scaling – discover the superpowers of GenAI in action with UiPath Document Understanding and Communications Mining™:
See how to accelerate model training and optimize model performance with active learning
Learn about the latest enhancements to out-of-the-box document processing – with little to no training required
Get an exclusive demo of the new family of UiPath LLMs – GenAI models specialized for processing different types of documents and messages
This is a hands-on session specifically designed for automation developers and AI enthusiasts seeking to enhance their knowledge in leveraging the latest intelligent document processing capabilities offered by UiPath.
Speakers:
👨🏫 Andras Palfi, Senior Product Manager, UiPath
👩🏫 Lenka Dulovicova, Product Program Manager, UiPath
AI for Every Business: Unlocking Your Product's Universal Potential by VP of ...
What is a smart factory
1. What is a Smart
Factory
PAUL YOUNG CPA, CGA
MAY 17, 2017
2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. What is a Smart Factory?
Source – Wikipedia
Industry 4.0 is the current trend of automation and data
exchange in manufacturing technologies. It includes
cyber-physical systems, the Internet of things and
cloud computing. Industry 4.0 creates what has been
called a "smart factory"
6. Market Size / Smart Factory
Source - http://www.bizjournals.com/prnewswire/press_releases/2017/04/18/MN64580
The smart factory market is forecast to reach $205.42
billion by 2022 from $120.98 billion in 2016 at a CAGR of
9.3% during (2017-2022) driven by the increase in
adoption of industrial robots, the evolution of Internet of
Things (IoT), growth in demand for smart automation
solutions and increase in emphasis on regulatory
compliances.
7. Smart Factory / Employment
Source - http://www.information-age.com/smart-factories-add-500bn-global-economy-next-5-years-123466253/
The shift to smart factories will transform the global labor market, and
while previous waves of automation have reduced low-skill jobs,
organisations have recognised the skills imperative and are now acting on
it.
Respondents see automation as a means to remove inefficiencies and
overheads, rather than jobs, so more than half (54%) of respondents are
providing digital skills training to their employees and 44% are investing in
digital talent acquisition to bridge the skill gap. For highly skilled workers
in areas such as automation, analytics and cyber security, there are even
more employment opportunities.
8. John Deere
• IBM and John Deere - https://www.ibm.com/blogs/bluemix/ or https://www.ibm.com/blogs/bluemix/2017/04/iot-industrie-40-reference-architecture/or https://worldindustrialreporter.com/john-deere-ibm-pilot-create-futuristic-model-manufacturing/
The machinery manufacturer prides itself on providing one of the most
customizable agricultural equipment in the industry. The pilot project will
see John Deere transitioning the production workflows to smart
manufacturing. Watson AI platform will provide workers with precise
instructions while the logistics processes will control themselves.
Increased customization is a major challenge for manufacturing
systems and requires a high amount of flexibility. Adoption of digital
factory concept is an important step for John Deere to achieve this.