TechHub: Bell Revolutionizing Transportation, Exxon’s Future & Oil News

Bell Helicopter Revolutionizing Mass Transportation


Bell Helicopter is leading the innovation in mass transportation through a partnership with Uber, expecting to create the world’s first air-taxis by 2025, according to Bloomberg.

“Air taxi is the next way for our industry, and it’s very important for us to make sure we are among the disrupters to think about what should be transportation in the next 10-20 years,” said Patrick Moulay, executive vice president for commercial helicopter sales.

oil and gas

A commercial teasing the release of the air taxis shows a familiar Uber-like screen to order the taxi for pickup.

“We’re not going to see a taxi flying tomorrow, but it’s much closer than what people think.”

The initial testing is set to begin in 2020 in Dallas and Dubai, two car-clogged cities with notorious traffic problems.

ExxonMobil to Triple Production by 2025

ExxonMobil, the largest oil company in the U.S., announced plans to triple oil and gas production by 2025 — continuing the positive signs of a boom in national crude production, according to the NY Times.

The company has been investing heavily in the Permian Basin, an area between West Texas and New Mexico leading the way in a national recovery of oil production after a three-year fall in crude prices.

The Permian is roughly the size of South Dakota with multiple layers of thick shale, easing the costs of exploration, drilling and production.

oil and gas

An ExxonMobil drilling site in the Permian Basin.

Exxon said that tripling oil and natural gas production would bring its output in the Permian to 600,000 barrels a day. To support increase production, it will invest more than $2 billion to expand production infrastructure.

Energy companies are racing to build pipelines to move Permian oil and gas to Gulf of Mexico ports for export as well as pipelines to Mexico, where natural gas is replacing oil and coal in an effort to remake the country’s electricity system and clean up urban air.

ExxonMobil said it would spend $50 billion on U.S. operations over the next five years, highlighting the company’s shift to operations in the U.S. and Western Hemisphere.

The Amazing Tech Disrupting Oil & Gas

As each new age group goes “digitally native,” the overall workforce has demanded higher workplace technology standards — even in legacy industries, according to Entrepreneur.

The transition has resulted in massive opportunities for entrepreneurs, creating brand new technologies and updating antiquated processes. The biggest industry opting for digital efficiency and young, entrepreneurial leadership? Oil and gas.

With a booming market and an eagerness for innovation, the industry is ripe for disruption to existing business models and for real growth.

Here’s a snapshot of the top four innovations transforming the oil and gas sector:

Artificial Intelligence

“Artificial intelligence (AI) is set to have the biggest technological impact on the oil and gas industry over the coming years,” according to Omar Saleh, Microsoft’s oil and gas director for the Middle East and Africa.

ExxonMobile, for example, is spearheading AI exploration through a partnership with MIT to explore oceans using AI software.

Cloud Computing

The energy sector’s present adoption of cloud technology is low due to past wariness of security risks, however there’s still a strong future for it.

A forecast by the U.K,-based Oil & Gas Council predicts an increase in adoption due to commercial benefits and possibilities, with some of the most complex organizations embracing the computing power and agility of cloud.

“The oil and gas industry should be afforded exactly the same competitive edge, not confined by their own data centers,” said Shiva Rajagopalan, CEO and founder of Seven Lakes Technologies.

3D-scanning Tech

3D printing is coming in play for oil and gas, creating fast and cost-effective representations of assets for predictive maintenance and execution.

This tech changes the game by:

  • Allowing reverse-engineering to measure oil and gas tools in virtually every shape and size
  • Scanning data to confirm whether replacement parts will fit existing equipment
  • Providing clear documentation of tooling erosion to improve product design
  • Reproducing tooling components

The Internet of Things

We’re well into the fourth industrial revolution, or industry 4.0, at this point in 2018. The industry is aware of the value of IoT, becoming more apparent each day.

Companies are demonstrating new applications for information from these technologies. For oil and gas the value lies in creating a set of standards “to guide how devices are structured, and a common language can be understood,” according to Paul Turner, CMO of Cloudian.

Advanced Robotics

One of the most critical challenges in oil and gas is mitigating risk — which can be managed by deploying human-controlled robotics.

Earlier this year Chevron partnered with OC Robotics to inspect offshore oil and natural gas pressure vessels in the North Sea. The robotic snake arm, built to operate in confined spaces, allows humans to operate critical missions while staying out of harm’s way.

Innovative advances in AI, cloud computing, 3D printing, IoT and robotics are transforming the future of the oil and gas industry.

TechHub: Industry 4.0 and the C-suite, AI and Big Data in 2018 & More

The Problems Industry 4.0 is Solving for the C-suite

Industry 4.0 generates a lot of hype — making it easy to forget the essential purpose of implementing the technology; running and growing the business.

C-suite executives rarely interact directly with this smart tech, but that doesn’t make it any less vital for businesses, according to Forbes.

It improves customer service, achieves operational efficiencies, innovates for the future, reduces risk, meets standards and regulations while improving company management. Let’s not forget the most important challenge — meeting the expanding demand for increased agility, speed, predictability and quality.

The demand never ends, creating an arms race to serve the customer the way they want while maintaining cost-effective production.

“What used to take generations is happening at a very rapid pace now,” says Erik Nistad, director of ITS for Mondelez International, in Forbes.

As a consumer products company, Mondelez must produce different products in different packages to serve different customers throughout the globe – all with the same high quality, he says.

In China, for example, customers want green tea-flavored Oreos. In developed countries, the company sells big packages of cookies; in developing countries, it sells smaller packages to customers with less discretionary income.

Meeting that variation drives the need to do localization and customizations. What was previously a “black box” to the C-suite, the factory is now the core in a demand-driven supply chain. Plants are more predictable, reliable and responsive in order to meet the needs of a changing market.

New approaches to product development are now possible thanks to digital transformation, creating an intelligent infrastructure that seamlessly connects design, manufacturing, automation and the supply chain.

Learn more about Industry 4.0 and starting your digital transformation.

Penn State’s Smart University Transformation: Webinar News

Large universities in the U.S. are faced with the increasingly emergent problem of updating their building’s aging infrastructure, with many campuses housing buildings built in the 1800’s.

Digital JourneyAs the 10th largest university in the U.S., Pennsylvania State University is a highly competitive institution. When it came time to upgrade their dated infrastructure across their expansive campus, the stakes were high.

Resources were right and the project couldn’t wait, forcing the Penn State IT and Plant Services departments to put a plan in action — fast.

Join GrayMatter and Tempered Networks on January 11, 2:00 PM EST for a webinar that will take attendees through the project details.

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5 Ways Big Data & AI Will Impact 2018

Companies dominating the life sciences world have begun to embrace the opportunities of Big Data & AI, with predictions to really make a difference in 2018.

Notable progress in drug development and the quality of insights produced at the research stage are a result, however opportunities to utilize the data for larger gains continues to grow, according to Forbes.

Here’s five major ways Big Data and AI will impact life sciences in 2018:

industry 4.0

One

The environment in the US will be increasingly hostile to high drug prices. This will make it essential for life science firms to defend their research budgets and profit margins by utilizing robust data and clearly demonstrate the value of their products.

industry 4.0

Two

Life science firms have had a hard time improving the speed and quality of bi-directional learning between patients and the drug discovery process due to poor data access and quality issues. As new best practices in data strategy are created, the industry continues to move towards the value unlocked by such translational medicine to accelerate.

industry 4.0

Three

Risk and inefficiencies continue to be life science supply chains’ biggest challenge. The employment of new technologies, such as blockchain, offers the potential to radically improve levels of control and quality measurements. Overall costs for infrastructure dramatically reduce as a result.

industry 4.0

Four

New branches of science are deepening our knowledge of genomics — the study of structure, function and mapping of DNA/ genes — creating opportunities for utilizing AI to gain previously impenetrable insights. Although still at the research stage, it’s predicted these techniques will impact fields such as oncology.

industry 4.0

Five

With all of the different fields of study opening up, at the end of the day the most important is the economical impact. Accessing and analyzing the right data to deliver sustainable business value remains the central purpose for life science firms.

Whatever the coming year holds, one thing is beyond doubt: Exciting new ways to create value and improve patient care await those firms willing to exploit the data tools and techniques that are now emerging.

TechHub: Google’s AI makes one smart cookie, MDS Radios digitizing industrial communications & more

Digitizing Industrial Infrastructure Communication

Running a city with a population in the hundreds of thousands, or millions, in a hot climate like Florida’s leaves no room for error — especially when tourism is a huge sector of the booming economy.

Ensuring residents have all the essentials — including uninterrupted water and wastewater services — requires a constant choreography that is as complex as it is invisible to its users.

One thing is certain: people expect their water and wastewater systems to work all the time, no matter the conditions.

One utility came to us with a huge concern, “if our network goes down, what do we do?”

GrayMatter stepped in to help, implementing a SCADA backup communication system with MDS radios.

MDS Radios

Ethernet connectivity was implemented to their SCADA system with a failover to cellular communication if the signal dropped.

By helping the water utility secure connectivity, machine communication became a guarantee and fear of lost network connections were a worry of the past.

Click here to read more about MDS radios:

Take a Look

Google Takes AI to the Next Level with Pittsburgh Bakery

Google decided to once again prove the power of artificial intelligence by solving a pressing real-world challenge: designing the best possible chocolate chip cookies using a given set of ingredients.

Through trial and error of batches, matched with rating scores for each recipe by Googlers, the AI learned and adjusted until it was deemed worthy. After coming up with a really good recipe within Google, the team wanted to branch out and see what else they could do with the “smart cookie,” according to Google.

Jeanette Harris & Google Team presenting the chocolate chip and cardamom “smart” cookie. source: Google blog

This led the team to Gluten Free Goat Bakery & Cafe, a gluten-free and vegan bakery that sources local, seasonal and organic ingredients, who happily let the Google team take a crack at a more complex and challenging recipe that fit their style and criteria.

The new AI-generated cookie took over two months and 59 test batches before they landed on the “chocolate chip and cardamom cookie,” which matched unusual ingredients to create a new take on the classic chocolate chip cookie.

“This was such a fun experiment! Being able to create something entirely new and different, with the help of AI, was so exciting and makes me wonder what other unique recipe concepts I can develop for my customers,” said Jeanette Harris, owner of the bakery.

Check out the recipe listed below to replicate the smart cookie yourself. 👇 👇 👇

Ingredients

Tapioca Starch: 1/2 Cup + 2 TBSP

Brown Rice Flour: 1/2 Cup

0G Sugar: 3/4 Cup + 1.5 TBSP

Cardamom: 2 tsp

Flaxseed Meal: 1.5 TBSP

Sorghum Flour: 1/4 Cup

Raw Sugar: 1/4 Cup

Xanthan Gum: 1.5 tsp

Sea Salt: 1.5 tsp

Baking Soda: 1 tsp

Chocolate Chips: 1 Cup

Water: 3/4 Cup

Safflower Oil: 3/4 Cup

Directions

Combine all the dry ingredients except the chocolate chips in a bowl and mix well.

In another bowl, combine all the wet ingredients, and then add to the dry ingredients and mix enough to combine.

Add the chocolate chips and fold in until just mixed. Using a large spoon, drop on parchment lined sheet pan and bake at 350F for 12 minutes.

Life on the Edge: Why Micro Data Centers Are the Next Frontier

Originally Published in CRN, by Lindsey O’Donnell

Pittsburgh-based industrial solution provider GrayMatter has found massive opportunities for edge computing on manufacturing floors where customers may have mission-critical infrastructure that requires high reliability and can’t afford downtime.

“Edge is almost a continuum of possibilities, from servers with tons of edge computing power and storage, down to a really simple, not expensive, lower intelligence to just bridge the data up to the cloud—so it depends on how much latency you can handle in an application, how much local intelligence needs to go on,” said CEO Jim Gillespie. “For a manufacturing plant, it’s very important to close the loop locally, for other applications like lighting going up to the cloud, you don’t need as much at the edge.”

micro data centerGrayMatter has a big role in working with customers to understand where the edge will really drive value and how that will impact business outcomes, according to Gillespie.

“It’s a conversation around the outcomes, so you really have to understand the right questions to ask and the right way to design a solution,” he said. “We would weigh in with the client and design something that meets the outcomes they’re looking for. Almost everything has edge computing, and then it depends where the analytics need to happen, and there’s some sort of connectivity or either local buffering or on ramp to the cloud.”

Read Full Article.

TechHub: World’s largest battery built from a bet, the future landscape of innovation & bitcoin news

Tesla builds world’s largest battery, thanks to a bet

Elon Musk bet the people of Australia he could build a 100MW battery in 100 days or it would be free, according to CNET. Tesla not only accomplished it, but had about 40 days to spare. The South Australian government announced last week the completion of the world’s largest lithium-ion battery just outside of Jamestown, with plans to be energized within days.

The battery was a result of a bet via Twitter in March between Tesla CEO Elon Musk and fellow billionaire Mike Cannon-Brookes after a series of major power outages across South Australia, including a state-wide blackout that affected an area the size of France at the end of 2016.

Musk made good on his promise, flying to Australia and signing a contract at the end of September 2017.

The 100MW lithium-ion battery is made up of Tesla Powerpacks, connected to a nearby wind farm.

The battery will undergo a testing phase within the next couple weeks to ensure it meets regulations, but things are looking good for Australians.

The future landscape of innovation

The 20th century brought us a continuous stream of co-innovation — a culture of robust research and development that resulted in a cornucopia of products with real longevity. From vacuum cleaners and ballpoint pens to jet engines and nuclear power reactors, it was topped off with the powerful computing technology that culminated from the creation of the internet, according to the Manufacturer.

Now looking at present time in the 21st century, the pace of change is arguably faster than at any time in history, ultimately because of digitization.

It’s no longer the norm to develop a product behind a locked door in secrecy, but rather in a diverse ecosystem including many parties in order to master product development. Now more than ever the need to collaborate and join forces for survival is clear — and here’s why.

Disparate data

A per-requisite for innovation in the digital age is the availability of data, and the ability to transform it into insight. It’s dependent on being able to reliably collect and analyze data on a continual basis, growing more important every day. Many companies can’t maintain this on their own, so the necessity to co-innovate solutions by working together is pertinent.

Ideate to accumulate

Encouraging employees to act more like entrepreneurs can establish a culture of innovation and co-creation within a company itself. By bringing together employees from across functions and engaging with them, it creates an internal innovation program, helping unleash the full potential and talent of employees.

Disruption waits for no-one

The digital age has already caused several market disruptions, causing manufacturers to start seeking to disrupt themselves before somebody does it for them. A desire to create game-changing solutions rather than incremental improvements has been ignited in many boardrooms rather than conversations of cost-cutting. Yet, driving digitization into supply chains is nearly impossible to achieve without collaboration.

The journey

The path towards successful co-innovation isn’t always a straightforward one. Oftentimes, it’s more about the journey than the final destination. It involves a combination of trust, contractual agreements, information security policing and common sense to make it work. Rapid prototyping cycles are reliant on constant and near-immediate feedback, with all parties integral to the process.

Co-innovation, when done right, has rewards that are worth the effort. With the rise of consumer expectations and macro-environmental factors continuing to challenge manufacturers, it’s becoming increasingly obvious that safety and inspiration comes in numbers. Interested in co-innovating with GrayMatter? Let’s talk.

One bitcoin is now worth over $11,000

The value of cryptocurrencies has skyrocketed 2,174% throughout 2017, with bitcoin representing over half of the total market cap. A new milestone was hit as the value of bitcoin has shot up from $8k to $10k in just eight days, taking the internet by storm.

Just 24 hours after this was announced, its value has shot up to over $11k, said the Coin Telegraph. No asset has ever risen in such a short amount of time, according to TechCrunch. This is leading to speculations of the beginning of a trillion dollar industry, and the biggest thing to happen in technology since the internet was invented.

Source: Coin Telegraph

Yet, despite not being able to open Twitter or turn on the news without hearing about bitcoin, it has a low number of adopters. Many are still clueless about what a bitcoin is, what it does or how to purchase one, including those on Wall Street. The future for bitcoin is still uncertain, being apart of a new and unexplored aspect of digital cryptocurrency.

It could eventually replace gold and all other monetary means, or it’ll crash to zero tomorrow; who knows?

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