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Green Cubes at PROMAT – Lithium-ion Technology for Material Handling Applications

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Archives, Global Trade Daily, News, Technology

Green Cubes at PROMAT – Lithium-ion Technology for Material Handling Applications

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We are looking forward to seeing you at PROMAT next week!

Be sure to visit our booth S1761 to check out our Lithium SAFEFlex Battery & Charger solutions for electric material handling equipment. Our Director of Marketing, Dr. Robin Sarah Schneider will be on-hand to answer any questions you might have.

We are proud to be Doosan Industrial Vehicle America Corp.’s preferred supplier of Lithium-ion solutions, and our products will be installed in its electric forklifts in our booth, and at Doosan’s booth S3559.

Robin will be presenting two on-floor seminars where she will review how state-of-the art technology Lithium-ion is used today. By using customer case studies, she will present the real-world benefits in safety, efficiency, and total cost of ownership for enterprise customers large and small. These case studies will highlight the benefits achieved using Lithium-ion batteries paired with high efficiency chargers and demonstrate best practices implemented to achieve these benefits.

Here is when and where she will present:

Date: Monday, March 20, 2023

Time: 10:30 AM – 11:15 AM

Location: Theater A

 

Date: Thursday, March 23, 2023

Time: 11:15 AM – 12:00 PM

Location: Theater H

Green Cubes is a founding member of MHI’s Advanced Energy Council, and Robin will be participating in an on-floor seminar along with representatives from OneCharge and Ethium on integrated lithium batteries in electric material handling equipment and will review the different types, standards and benefits of this technology. Here is when and where they will present:

Date: Wednesday, March 22, 2023

Time: 10:30 AM – 11:15 AM

Location: Theater G

Time: 10:30 AM – 11:15 AM

Location: Theater A

Travel safely and enjoy the show!
Hayley.

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Archives, Global Trade Daily, Technology

What Are the Most Useful Tech Skills

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Companies seek cloud computing, artificial intelligence, and cybersecurity as today’s most important tech skills. These skillsets will be in demand for the foreseeable future as more and more businesses move to the cloud and adopt AI-powered automation.

1. Artificial Intelligence

Artificial intelligence (AI) is one of the most crucial tech skills in-demand today. By automating repetitive tasks, AI can help organizations to improve efficiency and effectiveness while reducing costs.

For example, AI can process data, identify patterns and correlations, and make predictions. AI can also be used to automate decision-making processes, freeing up human resources for more strategic tasks.

In addition, AI can help organizations personalize customer and employee experiences. As organizations seek to gain a competitive edge, those with the ability to harness the power of AI will be in high demand.

As a result, those with the skills to develop and deploy AI solutions will be well positioned for marketplace success.

2. Machine Learning

Tech skills are always in high demand because they are essential for keeping up with the latest technological advancements. Machine learning is one of the essential tech skills because it helps computers learn and improve independently.

It is a vital skill for keeping up with the ever-changing landscape of technology. Various fields, such as healthcare, finance, and manufacturing, use machine learning.

Therefore, it is crucial to have a basic understanding of machine learning to keep up with the latest technological advancements.

3. Data Science & Analytics

Nowadays, it seems like everyone is talking about data science and analytics. And with good reason – these are two of the most in-demand tech skills. But what exactly are they? And why are they so important?

Data science is about extracting insights from data. It involves understanding and working with large data sets and using statistical methods to find patterns and relationships. Data science can be used to solve all sorts of real-world problems, from predicting consumer behavior to detecting fraud.

Analytics turns data into insights. It involves using tools and techniques to understand how a system or process works and identify ways to improve it. From marketing campaigns to manufacturing processes, use analytics to optimize everything.

So why are data science and analytics so important? In a world where data is growing exponentially, these skills are essential for extracting value from all that information.

Companies are increasingly turning to data science and analytics to gain a competitive edge, and those with these skills are in high demand. Learning data science and analytics is an excellent start if you’re looking to future-proof your career.

4. Data Visualization

Data Visualization is a field of study focusing on the graphical representation of data. It allows researchers to see patterns, trends, and relationships that might not immediately appear when looking at raw data.

Data Visualization is an essential tool for businesses as it can help them to make better decisions by understanding complex data sets. As the world increasingly relies on data, those with the ability to visualize it will be in high demand effectively.

Tech skills are always in-demand, and Data Visualization is a handy one. Those with the ability to take data and turn it into visually appealing and easy-to-understand displays will be highly sought-after by employers.

5. Network and Information Security

Tech skills are becoming increasingly important in the modern workplace. As more and more businesses move their operations online, they need employees who can protect their networks and data from cyber-attacks.

That’s where network and information security (cybersecurity) comes in. Cybersecurity protects computer networks and user data from unauthorized access or theft.

It’s a rapidly growing field, and employers are willing to pay top dollar for talented cybersecurity specialists. Learning cybersecurity is a great place to start if you’re looking for a lucrative career in the tech industry.

6. Cloud Computing

Cloud Computing is one of the most in-demand tech skills today. The ability to store and access data and applications remotely has many advantages.

It can improve flexibility and agility, reduce costs, and improve security for businesses. For individual users, it can provide access to data and applications anytime, anywhere.

AWS is the leading provider of cloud services, and its products are used by some of the biggest names in the tech industry. As a result, learning AWS can help you to land a job with a top company or start your own cloud-based business.

Whether you’re looking to enhance your career or create your own business, Cloud Computing/AWS is a valuable skill to have.

Conclusion

Tech skills are must-haves for anyone looking to get hired and start a career in the technology industry. However, with so many different tech skills, knowing which ones are the most important can be challenging.

The good news is that these six tech skills are in high demand by employers across the globe.

Author Bio

Genc Emini is a Marketing Specialist in SEO for Ajroni Web Agency and has more than 6-years of experience. Genc is passionate about traveling, photography, and reading. Genc can speak Albanian, English, Italian, and Turkish.

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Archives, Global Trade Daily, Technology

Edge AI Market Expected to hit US$70 Bn by 2032 

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As per the report by Global Market Insights, Inc. “Worldwide Edge AI market was valued USD 5 billion in 2022 and will surpass a revenue collection of USD 100 billion by 2032 with an annual growth rate of 35% over 2023 to 2032.”

Global Edge AI Market size is predicted to expand considerably throughout the forecast period 2023 to 2032 due to the rising consumer inclination towards smart homes.

Integration of supports monitoring of temperature, gas density, humidity, and home security. Increased customer expectations and a rise in the availability of such advanced gadgets are predicted to boost the market share for edge AI. Furthermore, the growing demand for consistent data access and low latency across industries is fueling the need for powerful infrastructure. Using technologies, businesses can achieve significant cost and performance savings.

In April 2021, multinational technology company, Intel, introduced third-generation Xeon scalable CPU which allows for the implementation of a flexible and scalable infrastructure. It can enhance workloads related to 5G, AI, and other high-performance computing, network security, and clouds.

Moreover, the increased acceptance of remote working since the COVID-19 outbreak is another factor influencing the industry’s growth. Edge AI enables businesses to securely grant access of internal resources to their distant workers. Additionally, it lowers the price and maintenance expenses related to physical network infrastructure.

Based on component, the services segment of the market is anticipated to grow at a rapid pace during the forecast period resulting from the global development of edge-based technology. Further, the subdivisions comprising training and consulting, system integration and testing, and support and maintenance make up the service market segment.

Due to the rising demand for dependable and low-latency data access throughout all companies, the system integration and testing segment will continue to expand. Furthermore, the expansion of the support and maintenance segment is attributed to its capacity to help organizations give speedy remote assistance for reducing network outages which will boost the overall market share.

In terms of end user, the government segment is anticipated to exceed USD 3 billion by 2032 owing to the increasing adoption of helping government offices to consolidate and centralize their IT resources to enable users to access the system anytime from anywhere. The growing digitization and need for robust wireless connectivity across government agencies are fueling market growth. For instance, MEA governments are digitalizing all of their departments and services, improving their infrastructure, and providing new services like e-applications that speed up administrative processes.

Depending on application the market the segmented as video surveillance, remote monitoring, predictive maintenance, and other segments. The adoption of telemetry in the healthcare industry is covered in the other category. This technology aids in the automatic detection of abnormalities in the operation of telemedicine devices. Telemetry in medical equipment also helps with patient management, diagnosis, and treatment from a distance. Such a wide range of edge AI applications will promote industry growth.

Regionally, the Middle East edge was valued at over USD 500 million in 2022 as several telecom operators are increasingly emphasizing on trials and deployment of 5G across the region accelerating revenue growth. Soaring demand for edge computing and data centers owing to the development of smart cities in Saudi Arabia and the UAE has led to massive investments in the IT sector, especially in GCC countries like Saudi Arabia, the UAE, and Qatar will push the market growth further.

The Edge AI market consists of Anagog Ltd., Amazon Web Services (AWS), Dell, Google (Alphabet Inc), Gorilla Technology Group, Huawei Technologies Co., Ltd., IBM Corporation, Imagimob AB, Intel Corporation, Microsoft Corporation, MediaTek Inc, 

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Archives, Global Trade Daily, Market insight, Technology

Cellular IoT Module Market: Thriving Business for Multiple End-use Industries

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According to Future Market Insight, the cellular IoT modules market is worth US$ 16.88 Bn in 2023 and US$ 20.83 Bn by 2033. A CAGR of 23.4% is anticipated in the market during the forecast period.

It is projected that the rising adoption of 5G technology drives further market expansion. Demand for cellular IoT modules is expected to rise because of the 5G technology’s increased data speeds, lower latency, and more coverage.

The growth of mHealth services and government initiatives to support IoT in healthcare are also expected to contribute to the cellular IoT module market expansion. The overall market share is being impacted by the expansion of healthcare facilities and the rising demand for healthcare services.

A crucial component of cellular IoT security policy is cloud-based security, as insecure cloud infrastructure increases the risk of data theft and device piracy. For instance, a drone used for surveillance or delivery can process information like imaging data and navigational instructions on its own.

Applications of Cellular IoT Modules in Different Industries

Automotive Industry: The sales of cellular IoT modules in the automotive industry are expected to grow significantly during the forecast period due to the increased demand for connected automobiles. Since connected automobiles allow communication between vehicles and with the outside world, the automotive industry is projected to undergo substantial change as a result.

Telecom Industry: Currently, the telecom industry improves the cellular IoT modules market outlook. The market’s expansion is also aided by the industry’s rapid digitization and growing level of automation. Solutions for the Narrowband Internet of Things (NB-IoT) and Long-Term Evolution for Machines are being implemented by numerous medium-sized and large-scale businesses.

Key Takeaways 

  • The cellular IoT module market is likely to register at a CAGR of 23.4% during the forecast period.
  • Historically, the cellular IoT module market registered at a CAGR of 17% between 2018 and -2022.
  • The value of the cellular IoT module market is expected to be US$ 20.83 Bn by 2033.
  • Based on components, the hardware segment is likely to register at a 26.5% CAGR in the cellular IoT module market.
  • North America shows significant growth in the cellular IoT module market by 2033.
  • During the forecast period, the cellular IoT module market in China is likely to dominate.

Competitive Landscape 

The inclusion of cellular IoT modules in the product lines of telematics solution providers has made it easier for fleet managers and off-highway vehicle OEMs to gather and analyze data to identify significant patterns and issues in the field’s instrumentation usage.

Furthermore, it is projected that a number of elements, such as robust security, ubiquitous quality, and resilient networks, would energize the sector over the coming several years.

Recent Developments:

  • In order to fulfill the rising need from the industry for smart-grid communications between charging stations and automobiles, Qualcomm developed a new power line communication device in May 2022.
  • In order to address the communication needs of electric vehicle (EV) charging stations, also known as electric vehicle supply equipment, Qualcomm Technologies, Inc. has developed the QCA7006AQ, a next-generation power line communication (PLC) device (EVSE).
  • Sierra Wireless developed the HL7845 Module in April 2021. The standard provides a 450 MHz wireless spectrum to meet the IoT connectivity requirements of European utility services.
  • In February 2021, Fibocom collaborated with Red Tea, a leading provider of connectivity solutions, and Deutsche Telekom, the largest integrated telecoms company in the world, to ensure that it only provided best-in-class advertising nuSIM IoT components.
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Archives, Global Trade Daily, Special Reports

How to Succeed in the Competitive Tech Industry

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Succeeding in any competitive environment requires having basic traits or advantages that your competitors do not have. The same premise applies to the global tech industry. There are plenty of people with ferocious work ethic, tremendous technical expertise, strong connections and a vision of what they want to accomplish. With such competition, how can you succeed? The key is to look at where most people fail.

One – Keep the Vision Simple

Start with simple challenges that need to be addressed by your technology.

People will typically start off with goals that are too grandiose or theoretical. That’s what investors ask for. Rather than focusing on simple things that users need, the goal is to create a platform that will disrupt, revolutionize, re-imagine or shake-up an entire industry. That’s also what’s most attractive. But it’s also a road that will lead to a high failure rate. It does not matter if your vision is sexy and attractive or not. What matters is if people have the problem that you can fix and if they are willing to pay for that.

Two – Take One Step at a Time

Again. Take the megalomania and tuck it away. Keep overhead low. Hire as little as possible and allow your product vision to mature naturally. Once it generates initial traction, the product will catapult revenues and allow you to make smart decisions around budget allocation. But don’t give in to the temptation of looking for things that reaffirm your abilities such as nice office space, and expensive advisors and consultants. Focus on having a product that works and that people know about which brings me to point three.

Three – Make sure people know about it

There is no use for great technology if people don’t know about it. How you will get people to know about it is an entirely different subject. But make sure you emphasize and understand digital marketing just as much as you understand product development. Start with a small but energetic and enthusiastic community and build from there. Just remember that from a budget and prioritization standpoint this is as important as the product itself.

Four – Even though the aim may be global, start local

Similar to the one step at a time point. Even though you may have an ultimate global end-game to your product development. Make sure you start by addressing a single market first. The region focused the better. Then roll out to other regions slowly and adjust accordingly prior to a big global roll-out. In my experience, different parts of the world, the country, the state and even a city may react very differently to the same concepts. Don’t push too much for a global approach. If the product has the fundamental qualities available, it will naturally become global.

Five – Be Hands On

Don’t rely too much on an incipient organization. Even if you have great people, be sure to be involved in key processes, to challenge people and introduce checks and balances throughout the organization. Make sure things are moving at your speed and insert yourself wherever you believe your presence is necessary. Don’t get hung up on organizational charts, roles and responsibilities. Just make things happen!

Six – Establish a Culture Early On

As a natural consequence of your engagement, your unique company culture will start to mold. Do you like solving things collectively or individually? Do you like abrasive or tender discussions, long or short meetings, laughter or just down to business. What are your values? And not from a theoretical perspective but from actual behavioral analysis. This lucidity is paramount towards building a successful organization.

Seven – Don’t stop innovating

The minute you have reached goal number one, rest-assured it’s already obsolete. Continue to establish new goals, new visions and new dreams. Continue to adjust according to market and user response. Continue to pivot based on insights and revelations. Don’t give in to the temptation of making it. There is no such thing. Making it is a daily achievement.

The common thread is that people get excessively hung up on business models, concepts and theory and rely little on their empirical data to make key business decisions. A no nonsense, down to earth approach towards these challenges and taking it one step at a time is pivotal in terms of building a global and successful tech organization.

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Tech Mahindra Ltd. Opens O’Fallon, MO Location

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M Property Services officially announced the addition of Tech Mahindra Ltd. to its WingHaven Development earlier this week. The technology-focused global company – which is specialized in areas pertaining to digital transformation, consulting, business reengineering and software solutions, now boasts an address on Technology Drive in the O’Fallon, Missouri region.

“Due to the many amenities throughout O’Fallon and the WingHaven development, we were able to invite a world-class tech company to open a facility within the city’s boundaries which would allow it to continue supporting world-class companies in O’Fallon, MO and numerous other large companies outside of the O’Fallon area,” said MPS Chairman Paul McKee, Jr. “So many of Tech Mahindra’s employees currently live in O’Fallon and WingHaven, so the location for the new technology center was ideal.”

As innovative solutions for micro services, automation, artificial intelligence, security, machine learning, cloud computing, big data, data and analytics, and blockchain serve as primary drivers behind the expansion, Tech Mahindra’s new 14,000-square-foot Technology Center also supports efforts in addressing the needs of customers.

“As part of our TechMNxt charter, we are committed to inspire our partner ecosystem, academia and employees to focus on innovation in next gen technologies and customer experience,” said CP Gurnani, Managing Director and Chief Executive Officer at Tech Mahindra.

“We believe it is our responsibility to invest in the local communities we operate in, and this is a step towards supporting increase in employability of future technologists, and delivering enhanced experience to our customers globally. We look forward to seeing the innovations that come out of this center as we develop real-world solutions for a digital future,” Gurnami concluded.