Nand Kishor Contributor

Nand Kishor is the Product Manager of House of Bots. After finishing his studies in computer science, he ideated & re-launched Real Estate Business Intelligence Tool, where he created one of the leading Business Intelligence Tool for property price analysis in 2012. He also writes, research and sharing knowledge about Artificial Intelligence (AI), Machine Learning (ML), Data Science, Big Data, Python Language etc... ...

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Nand Kishor is the Product Manager of House of Bots. After finishing his studies in computer science, he ideated & re-launched Real Estate Business Intelligence Tool, where he created one of the leading Business Intelligence Tool for property price analysis in 2012. He also writes, research and sharing knowledge about Artificial Intelligence (AI), Machine Learning (ML), Data Science, Big Data, Python Language etc...

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IBM, ABB team up on industrial artificial intelligence

Apr 26, 2017 | 4488 Views

ABB has signed a collaboration agreement with International Business Machines (IBM), the Swiss engineering company said on Tuesday, the latest step in its efforts to ramp up its presence in digital technology and the internet of things.

In a joint statement ABB said it would combine its digital offering, which gathers information from machinery, with IBM's expertise in artificial intelligence featured in its Watson data analytics software. The two companies will jointly develop and sell new products.

"This powerful combination marks truly the next level of industrial technology, moving beyond current connected systems that simply gather data, to industrial operations and machines that use data to sense, analyse, optimise and take actions that drive greater uptime, speed and yield for industrial customers," ABB Chief Executive Ulrich Spiesshofer said in a statement.

For example, instead of manual machinery inspections, ABB and IBM intend to use Watson's artificial intelligence to help find defects via real-time images collected by an ABB system, and then analysed using IBM Watson.

ABB has identified digital technology - where machinery communicates with control centres to increase productivity and reduce downtime - as a driver of growth. It now gets around 55% of sales from products that are digitally enabled.

As part of the drive, the company last year signed a strategic partnership with Microsoft to roll out digital products for customers in the robotics, marine and ports, electric vehicles and renewable energy sectors. To spearhead its strategy, it appointed former Cisco executive Guido Jouret as its first chief digital officer last year. Read More

Source: ET Tech