The value-add of blockchain for businesses is estimated to grow into the trillions by 2030. Experts believe product recalls alone—estimated to cost $8 million today—could be practically eliminated through improved track and traceability enabled by blockchain.
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The Pittsburgh region is a hotbed of activity in robotics and AI. This activity includes research and technology companies that commercialize academic research and solve real world problems.
What is tribal knowledge and why should a company care? It is valuable, exclusive information stored only inside someone’s mind and communicated only verbally (if at all). The “someone” may have played an important role in an organization for decades and knows a thing or two that the company treasures yet cannot duplicate.
What do you think of when you hear the word factory? Probably some huge space, with machines humming and personnel walking around with notepads in their hands.
The requirements for FDA 21 CFR Part 11 are in place for a good reason: When companies are making a part that goes inside your body, the engineering and manufacturing process must be meticulously documented, tested and controlled. People’s lives are at stake.
The human factor is sometimes just too cumbersome in manufacturing. Take the German chipmaker Infineon: By using an autonomous robot called Scout from MetraLabs for the last several years, the automotive supplier shrank to 10 from 300 the number of minutes it takes to collect the clean-room data needed to measure the presence of rare gases in the air.