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?

TechHub: The Year of Cyber Disasters, Manufacturing Technology Orders Back on Track & More

Ending 2017 Strong: Manufacturing Technology Orders Back on Track

Manufacturing technology orders in September continued their upward trend, ending the third quarter on a strong note, according to Industry Week.

The rise in orders in September surprised some analysts, who had expected orders to remain weak until December.

“Manufacturers are concerned about Washington’s impact on economic growth and pace of technological change, as well as the general evolution in technology. It is necessary for companies to invest in current technologies to stay competitive, but they’re doing so at a moderate pace,” said Doug Woods, President of the Association for Manufacturing Technology.

Regionally, the North Central West, Southeast and Northeast regions as reported by USMTO benefited from strong activity in contract machining shops, forging and stamping, automotive, and consumer electronics. Notably, orders from the consumer electronics and computers sector were up 132% nationally.

The key leading indicators for manufacturing technology are positive, leading analysts to believe there will be an acceleration in orders at the close of 2017.

The Year of Cyber Security Disasters

2017 was the year of industrial cyber attacks.

Ransomware crippled hospitals in the U.K., hit U.S. pharmaceutical company Merck, infiltrated Russian oil giant Rosnoft, shut down Ukrainian power grids and more.

Special Agent Keith Mularski, Unit Chief of the FBI Cyber Initiative & Resource Fusion Unit, spoke at GrayMatter’s annual conference on industrial cyber security.

Operational technology is at a risk in the digital age now more than ever before.

According to Gartner, “the number one issue in vulnerability management is that organizations are not prioritizing their patching and mitigating controls, nor are they mitigating the exploitation of commonly targeted vulnerabilities.”

Companies are struggling to find the common ground between “what can I fix” and “what will make the biggest difference in the time and resources I have.”

The answer: a risk-based approach.

CyberX’s ICS Attack Vector Prediction technology combines a deep understanding of industrial protocols, devices and applications with:

  • ICS-specific asset discovery
  • Continuous real-time monitoring and incident forensics
  • Risk and vulnerability management
  • Threat intelligence

“It helps business leaders and OT personnel quickly understand the top threats to their most critical industrial assets, and how to most efficiently reduce their top risks.”

This unique approach reduces complexity by addressing all four requirements of Gartner’s Adaptive Security architecture — Prediction, Prevention, Detection and Response — in a single, holistic platform.

“Our customers are often concerned about what they don’t know. CyberX’s Attack Vector Prediction technology allows them to predict and visualize scenarios for real-time planning of operational cyber strategy,” said Jim Gillespie, CEO of GrayMatter.

Learn more about implementing a predictive cyber approach

About CyberX

CyberX provides the most widely-deployed industrial cybersecurity platform for continuously reducing ICS risk. Supporting all OT vendors and seamlessly integrating with existing IT security tools, CyberX’s platform combines a deep understanding of industrial protocols, devices, and applications with ICS-specific asset discovery, continuous real-time monitoring and incident forensics, risk and vulnerability management, and threat intelligence.

GrayMatter VP on OT Cyber Security at 2017 ARC Industry Forum

GrayMatter VP Kemell Kassim speaks to Sid Snitkin, VP of Enterprise Advisory Services of ARC Advisory Group, during the 2017 ARC Industry Forum in Orlando, FL.


TechHub: Smart Manufacturing, Pittsburgh Executives Strengthen Local Economy & More

GrayMatter CEO Jim Gillespie on the Industrial IoT Channel Opportunity

GE’s Minds + Machines was in San Francisco last week, where GrayMatter CEO Jim Gillespie spoke to CRN on the big opportunities the Industrial IoT presents to industrial companies of all industries for digital transformation.

Putting the ‘Smart’ in Manufacturing

A variety of terms are used to describe the growing use of connected technologies and data analytics to bring a greater efficiency across the manufacturing industry— smart factory, smart manufacturing, manufacturing 4.0, brilliant factories, industry 4.0 and more.

Consumers are driving the wave of the 4th industrial revolution with their rising expectations of product choice, variation and speed.

In order to thrive in this new environment, manufacturers must master the collection, analysis and communication of data throughout their operations and supply chains to adapt to the new market, according to Industry Week.

Many of the tools and technologies that will play a large role in shaping the new world of manufacturing are already in use, although not necessarily on a large scale yet.

Industry Week lays out some of the most influential examples necessary for digital transformation:

Digital Twin

A digital image that provides a virtual footprint of a physical object or process from design and development through the end of the life cycle. It can be used to anticipate operational problems and improve performance.

3D Printing

Additive manufacturing that uses computer-generated 3D blueprints to enable rapid prototyping, create complex and varied product designs and greatly reduce material wastage.

Augmented Reality Devices

Augmented reality is a live direct or indirect view of a physical environment supplemented by computer sensory data such as images, sound or GPS data. AR devices improve the safety and comfort of shop-floor workers.

Cyber-Physical Systems

Intelligent components with computing and storage capabilities that can monitor factory processes to enable predictive maintenance and minimize plant downtime.

IoT-Enabled Supply Chains

These provide manufacturers with real-time knowledge of product/customer demand signals, helping factories empower their operators by providing them with all of the information necessary to take control of their assets.

Challenges that come along with digital transformation can be significant. The mass amounts of big data that these technologies generate can be of little value if the correct analytic techniques aren’t in place to create informed intelligent decision-making across the enterprise.

Want to know more?

Browse our white papers, case studies and webinars for detailed case studies of how GrayMatter has helped companies of all sizes and industries undergo digital transformations.

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Top Executives Strengthen the Region, Contribute to its Economic Success in Pittsburgh

The Smart Business Network is hosting the 2017 Pittsburgh Smart 50 Awards on Thursday, Nov. 9 to honor people that are impacting the community with new ideas and contributing to city sustainability.

The oil and gas industry is rebounding, Harper’s Bazaar named Pittsburgh one of the Best Places to Travel in 2017 and researchers are leading the way with the development of autonomous vehicles, robotics and AI thanks to countless Pittsburgh innovators.

Jim Gillespie, CEO of GrayMatter

GrayMatter is proud to announce that CEO Jim Gillespie made the list for leading a company that is improving performance through technological innovation. GrayMatter helps serve critical industries — power, oil and gas, water and wastewater and manufacturing — that can’t afford to not be operational.

GrayMatter has created a smart sensor drinking fountain with DC Water, using real-time data analytics to monitor water quality and flow levels via the cloud, alerting DC Water when deterioration begins. Learn more about our smart fountains.

About more than just products and services, Smart 50 honors inclusive management styles, engaged corporate cultures and innovative approaches to leadership by savvy leaders who are writing exciting stories for their organizations’ futures.

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