TechHub: $5 Billion Investment in U.S. Manufacturing, IoT in Water & More

Goldman Sachs, China Team Up to Invest $5 Billion in U.S.Manufacturing

Goldman Sachs and China Investment Corporation (CIC) have announced the formation of a new partnership that will create a $5 billion fund named the China-US Industrial Cooperation Partnership, aimed at investing in U.S. manufacturing, according to the Business Review USA.

Tu Guangshao, Vice Chairman and President of CIC.

The fund will invest into businesses that have or can develop a connection with China, designed to promote market access for U.S. firms in China, in addition to improving the trade balance between the two countries.

“CIC has invested in the US for ten years and is committed to be both an investor and facilitator to develop a stronger China-US investment relationship,” said Tu Guangshao, Vice Chairman and President of CIC.

The fund will create a number of opportunities for American companies to export their products to the expansive Chinese market, with Goldman Sachs acting as the sponsor and investment manager of the fund.

Lloyd Blankfein, Chairman and CEO of Goldman Sachs said, “The Cooperation Fund will increase Chinese investment in the United States, creating more opportunities for American workers and contributing to China’s economic transition and growth.”

Testing the IoT Waters

Originally Published in CRN

Solution provider GrayMatter is navigating the turbulent IoT waters, using its technical expertise and operational technology background to successfully deploy connected drinking fountains in public places like schools.

“We did a connected smart water fountain [with DC Water] – people think of that as a [classic] IoT application,” GrayMatter CEO James Gillespie told CRN. “That’s a good example because it combines a whole bunch of innovation.”

The Pittsburgh-based GE partner worked with the District of Columbia Water and Sewer Authority to create drinking fountains that monitor water quality and flow in real-time, which gives users more confidence in the water they are drinking while saving money spent on maintenance and testing.

smart fountainsDo you follow us on LinkedIn?

The smart drinking fountains, which will initially be installed in hospitals, daycare centers and schools, are equipped with sensors that use real-time data and analytics to monitor water quality and flow levels. The sensors then send that data to the cloud and back with alerts if water quality measurements begin to deteriorate.

Gillespie said the flow and water quality sensors give an accurate indicator of when the lead filter should be changed compared to traditional filters — like refrigerator filters — that measure flow only.

If water quality begins to deteriorate, alerts are sent by text or email to water managers, while… (Read More).

Data Management Tool Saves Big

A control system that’s responsible for servicing over 150,000 people has multiple applications, each with its own data source, and requires a tedious, time-consuming process of manually sifting through paper logbooks and binder after binder of printed reports when gaps exist in data sets.

This wastes time, money and causes a major headache for plant employees.

The City of Barrie was determined to fix this, saving 60 to 70-percent of the time previously used as a result of digital transformation.

By implementing a new data management tool, e.RIS, it allowed for:

  • Data commenting
  • Workflow for report approvals
  • Tag merge
  • Lab data integration and electronic logbooks

Learn more about e.RIS and catch up on other success stories:

Get More Info

Testing The IoT Waters: How GE Partner GrayMatter Created A Smart Drinking Fountain

Originally published in CRN

Solution provider GrayMatter is navigating the turbulent IoT waters, using its technical expertise and operational technology background to successfully deploy connected drinking fountains in public places like schools.

“We did a connected smart water fountain [with DC Water] – people think of that as a [classic] IoT application,” GrayMatter CEO James Gillespie told CRN. “That’s a good example because it combines a whole bunch of innovation.”

The Pittsburgh-based GE partner worked with the District of Columbia Water and Sewer Authority to create drinking fountains that monitor water quality and flow in real-time, which gives users more confidence in the water they are drinking while saving money spent on maintenance and testing.

Do you follow us on LinkedIn?

The smart drinking fountains, which will initially be installed in hospitals, daycare centers and schools, are equipped with sensors that use real-time data and analytics to monitor water quality and flow levels. The sensors then send that data to the cloud and back with alerts if water quality measurements begin to deteriorate.

The smart sensor drinking fountain, a co-innovation product by GrayMatter and DC Water.

Gillespie said the flow and water quality sensors give an accurate indicator of when the lead filter should be changed compared to traditional filters — like refrigerator filters — that measure flow only.

If water quality begins to deteriorate, alerts are sent by text or email to water managers, while a “change filter” message alerts maintenance so they don’t have to estimate when lead filters should be changed.

“It’s IoT and the value of the network, so when you have multiple drops on the network you can now get like a Google map picture of the water quality instead of the traffic with blue, yellow and red signifying how the water quality is in different points of consumption,” said Gillespie. “At the same time we’ve made the devices intelligent so they check their own quality, and they try to clean themselves and let someone know if they need help being cleaned. It’s kind of a confluence of all these things that weren’t possible coming together.”

The connected drinking fountains are also programmed to shut off at a set water quality level until maintenance staff make the necessary corrections.

Gillespie said in many IoT projects, the solution provider is beginning to look at its customers as not just an end-user, but co-innovators: “When we work with someone like Washington DC Water, we’re really a co-innovation partner with them. So if you asked them, they’d say they come to us when they’re looking to solve a problem they couldn’t solve before, and they come to us to find out the art of the possible,” he said.

An essential part of the solution GrayMatter brought to the table was not only its knowledge of sensors, data analytics and cloud-based solutions – but its market expertise around digital utilities.

The knowledge of water and wastewater issues – like collection systems, regulations, water quality and utility management – helped the company better understand the outcomes that DC Water wanted and needed.

Interested in learning more?

Check out our white paper on water innovations and read more on IoT in water, game-changing technologies and more customer success stories:

Read More About Water

 

TechHub: Anheuser-Busch steps up after hurricane, Manufacturing & Digital Transformation and WEFTEC

In times of national disaster, Anheuser-Busch steps up

Anheuser-Busch paused beer production this week to send 155,000 cans of drinking water to those affected by Hurricane Harvey in Louisiana and Texas.

The first shipment arrived at the American Red Cross in Baton Rouge, Louisiana, on Monday, with two more shipments sent to Arlington, Texas, according to USA Today.

The Georgia brewery regularly stops beer brewing to fill cans with drinking water throughout the year to assure the water is ready should a local community need it.

This is a part of the Anheuser-Busch emergency drinking water program, which partners with the Red Cross to identify communities in crisis and supply them with safe, clean, canned drinking water following disasters.

“Putting our production and logistics strengths to work by providing safe, clean drinking water is the best way we can help in these situations,” said Bill Bradley, the company’s vice president of community affairs.

Providing emergency drinking water to people since 1988, over 76 million cans have been shipped nationwide. The last wave of support was last year, in which cans were shipped to those affected by Hurricane Matthew, floods in Louisiana and wildfires in California.

Read more.

3 Keys to manufacturing digital transformation

Digital transformation must have a purpose: to increase efficiency, quality and cost savings. Otherwise, it’s just a waste of time.

Manufacturers are struggling to keep up with the increase in volatile customer demand, according to Industry Week.

Processes and supply chains must be adaptable enough to turn on a dime. This doesn’t happen if everything is done manually, in Excel spreadsheets, or in systems that don’t talk to each other.

The idea of capturing data, automating manual processes and enabling information sharing becomes imperative.

Controlling the shop floor

Manufacturing starts at the shop floor. Manufacturers must have shop floor control, including access to production information, inventory, quality data and the ability to quickly adjust to machine status across the enterprise.

Connecting the business

The shop floor must connect to the rest of the enterprise to make data accessible and promote rapid, accurate decision-making. Cloud manufacturing ERP not only automates paper-based, manual processes, but also consolidates information into a single set of accurate data.

Unlocking People Potential

Gerdau plant in India.

Once the cloud computing infrastructure is in place, people can pivot to work as business analysts. Production workers can see everything in the “manufacturing moment” over any device, rather than hunting down and piecing together information.

Managers can view analytics and dashboards that relate to their role from anywhere, over any device, to stay on stop of business.

Steel innovator Gerdau sought out the goal to reduce maintenance costs by 20%, undergoing a digital transformation as a result.

With a company of more than 35,000 people across 13 countries, accomplishing the reduction was critical to its profitability.

By jumping into the digital realm of the Industrial Internet of Things (IIoT):

    • An initial investment of $1.5 million yielded annual savings of $4.5 million
    • 93 hours per month were saved in scrap classification
    • Savings of more than 130 hours in unplanned downtime
    • Truck driver productivity had gains of more than 100% with a resulting 5% drop in freight costs
    • Raw material inventory reduced from 3 days to 7 minutes

Download the Steel Case Study

WEFTEC: The world’s largest annual water quality conference & exhibition

Recognized as the largest annual water quality exhibition of its kind, WEFTEC offers water quality professionals from around the world quality education and training.

Showcasing the most cutting-edge technologies in the field, it serves as a forum for domestic and international business opportunities and promotes industry networking.

A smart sensor fountain demo will be at WEFTEC, a co-innovation product by GrayMatter and DC Water.

Experts in the water quality field offer a wide range of technical sessions and workshops, creating a diverse list of water and wastewater issues and solutions including:

  • Collective Systems
  • Energy Conservation and Management
  • Membrane Technologies
  • Plant Operations and Treatment
  • Regulations
  • Research
  • Residuals and Biosolids
  • Stormwater
  • Utility Management
  • Water Reuse/Recycling
  • Water Quality & Watershed Management

GrayMatter and DC Water have created a drinking fountain that monitors water quality and flow in real time – giving users more confidence in the water they are drinking and saving money spent on maintenance and testing.

Find GrayMatter at booth #6549 to learn about the co-innovative partnership and see a live demo of the fountain.

Read more.

TechHub: Digital Transformation in Steel, the Industrial Technology Future & Pittsburgh Tech 50

Gerdau Saves Millions Annually, Accelerates Their Digital Transformation

$4.5 million in annual savings with a complete ROI in only 8 months.

Gerdau has enjoyed a long reputation as a process innovator in the steel industry for more than a century.

For a company with more than 35,000 people across 13 countries, the goal of a 20% reduction in maintenance cost was significant. It would not be easy to accomplish, but accomplishing the reduction was critical to the company’s profitability.

When an asset fails, the company loses an average of $12 thousand per hour in downtime.

The transformation Gerdau needed would take them into uncharted territory for many in the steel industry: the digital realm of the Industrial Internet of Things (IIoT).

Dreaming big pays off

Download the case study to view the roadmap for digital transformation in the steel industry:

Download the Case Study

The Industrial Technology Future

Open software platforms are an increasingly popular trend within the industrial technology sector that is highlighting the important relationship between operational technology (OT) and information technology (IT).

For GE Digital, Predix is the nexus where app engines, digital twins, machine learning and asset performance management meet, said AutomationWorld after a meeting at GE Digital headquarters in San Ramon, Calif.

“Platforms are where tech is going,” said Gytis Barzdukas, head of product management for Predix at GE Digital. “Like Apple, Amazon, Microsoft and Alphabet have their platforms in the consumer space, we want to do the same thing in industrial space. That’s why Predix is an open platform with regulated participation. Predix has been developed as a common data layer into which third-party supplier products can plug into.”

Although the focus in the past on Predix has focused on its cloud-based operations, but Barzdukas was quick to point that Predix can run operate at the edge, in the cloud or in hybrid applications.

cloud platform

A diagram of the GE intelligent platform Predix. Image: AutomationWorld

Addressing cybersecurity concerns around the transmission and storage of such data in the cloud, Barzdukas said Predix currently uses public key encryption and is moving toward inclusion of private key capabilities for users who want it. Predix’s public key encryption security operates in addition to the security provided by Amazon Web Services on which Predix’s cloud functions run. Barzdukas added that Predix will also soon be running on Microsoft Azure.

Pittsburgh Tech 50

The Pittsburgh Technology Council’s Tech 50 finalists were announced, recognizing the most successful and innovative companies in the Pittsburgh area.

Companies range from health IT, life sciences, manufacturing, consumer products, consulting services and more, and are broken up into the following categories:

  • CEO of the Year
  • Solution Provider of the Year, Consulting and IT Services
  • Culture Leader of the Year
  • Innovator of the Year, Consumer Products
  • Solution Provider of the Year, Innovative Technology

GrayMatter is a finalist for Solution Provider of the Year, Innovative Technology, with CEO Jim Gillespie a finalist for CEO of the Year.

The award ceremony will be Thursday, October 12 at the Wyndham Grand Hotel.

Contact GrayMatter

Get in touch with us!