We found 69 posts about Technology Insights from DO Supply, a global automation parts
reseller focused on hard-to-find and obsolete industrial automation products.
While the topic of climate change is controversial in this day and age, it is generally accepted that mass production efforts can do more to clean and maintain the lands and oceans of our planet. As catastrophes like wildfire, famine, and powerful storms drive discussion and incite passion in the world’s population, great minds are finding ways to utilize the latest technologies in hopes of creating positive outcomes for the environment. One such technology making the leap from idea to action is blockchain. A concept first applied to the cryptocurrency Bitcoin, blockchain is a “distributed ledger technology” that is designed to make transactional data transparent, decentralized, and verifiable. Applied to projects focused on helping to sustain the environment, blockchain could allow for the creation of currency systems based upon trackable data, like carbon emissions from mass production. Trading in these currency systems, producers and consumers would be incentivized to make wiser...
Manufacturers have traditionally been at the forefront of technological developments, adopting new practices and technologies to cut down production times, costs, and waste since the early 1900’s. Recent developments in AI, machine learning, connection to the IoT, and blockchain, are already being incorporated into manufacturing businesses. Smart manufacturing is becoming more and more common as it grows through the adoption of sensors throughout production lines and the increased connectivity of machines and systems; it could be said that manufacturing is entering a new golden era of automation. Below is an examination of some of the technology that is changing manufacturing and an examination of how linking these improvements in technology together can further advance the automation of business practices. Many larger manufacturers have been developing AI (Artificial Intelligence) systems that aid robot learning, monitor all parts of the manufacturing process to detect inefficiencies...
We’ve all seen the movies; the year is 2050 and sophisticated robots have gained a mind of their own, taking over the world in a blaze of fire and panic. Whilst the prospect of artificial intelligence is a scary thought in the minds of those who aren’t well versed in current technological trends, the reality is a little less dramatic. However, this is not to say that it’s dull. In fact, AI is perhaps one of the most exciting movements of the 21st century and we’re only just getting started. Artificial Intelligence Well, in simple terms, AI is the ability of a machine or computer program to learn, specifically machines that are able to “think” and act like humans in an intelligent and measured way. With this definition in mind, it is understandable that AI is often still placed in the 21st-century bracket of futurism. However, upon closer inspection, the technology has already been established and is embedded into computerized systems of all kinds. AI is beginning to manifest itself in...
Artificial intelligence (AI) is generating exciting headlines lately. With stories covering seemingly infinite capabilities, from creating expensive art, to keeping the United States of America ahead in the international race to develop cutting-edge weaponry, to helping our homes take care of us, AI can be perceived as having suddenly embedded itself in virtually every aspect of our modern lives. While it is true that AI is a powerful technology with a broad range of business applications, AI is also a young technology still in the earliest stages of development. Due to its potential to achieve intelligence beyond that of humans, it warrants a thoughtful approach to remain beneficial and safe. Image: Digital Wellbeing AI can seem like a nebulous concept to the average person, and separating fact from fiction can be a challenge. The Future of Life Institute (FLI) , a multidisciplinary group of individuals whose mission is “to catalyze and support research and initiatives for...
There is a much-hyped debate between two of the world’s most notable tech entrepreneurs, centered on the risks inherent in the rapid development of Artificial Intelligence (AI). This highly publicized row involves the dueling perspectives of Mark Zuckerberg, Founder and Chief Executive Officer of Facebook, and Elon Musk, most notably co-founder and Chief Executive Officer at Tesla and Space Exploration Technologies (also known as SpaceX). Mr. Zuckerberg is optimistic and eager to advance AI as Facebook chases its goal of building a global community, while Mr. Musk is concerned and cautionary about AI’s potential threats to humanity if its growth is unchecked, its power too centralized. Their arguments are compelling and important to understand, as is the nature of AI technology itself. Though the term “AI” is universally known, it is not widely understood by the general public. This could be because AI technology is in its infancy, and much of what the average person knows about AI...
In the midst of the Fourth Industrial Revolution, known colloquially as Industry 4.0, the World Economic Forum (WEF) has released a report titled The Future of Jobs Report 2018 , which forecasts how global employment will be impacted by emerging technologies. Optimistic in its findings, the WEF expects a net positive for job growth as long as businesses, employees, and governments are proactive and agile in their efforts to align human talent with an evolving job market. Rather than being wholly replaced by robots, humans have an opportunity to merge their talents with available technologies for the purpose of enhancing bottom lines, but it is up to businesses and governments to create an environment conducive to sustainable growth. Based in Switzerland, the World Economic Forum (WEF) was founded in 1971 and is a non-political membership organization comprised of the world’s top public and private companies. The WEF focuses its activities on understanding the strategic challenges of:...
Over recent years, there has been an awful lot of hype over the Internet of Things (IoT). We’re told it will transform our lives, bring about the fourth industrial revolution and possibly even improve our work lives and living standards. Less is said about how this will be achieved, or even what the IoT actually is, and why it will benefit our lives. In an age when technology is moving in leaps and bounds, it is important to stay informed about the changes happening to our world. Here we sift the fact from the fiction in order to understand how business can expect to change as the IoT ushers in a new era for us all. In the most basic terms, the IoT is a network of products, both for commercial and consumer use, which are connected to each other and various services or businesses through the internet. These items have chips with sensors inserted into them which are programmed to record and monitor various functions and use. This information is then communicated within a closed network...
For many, blockchain is synonymous with Bitcoin and other cryptocurrencies. However, although blockchain technology is the basis for cryptocurrencies, it has many more applications than digital currency. Some have stated that blockchain has created the’ internet of value’ while others tout it as the one thing that will change the way we transact with each other forever. While these statements may be true, many people today don’t fully grasp what it is or how it works. Below we shed some light on blockchain technology. Bitcoin Blockchain was invented by a person, or group of people, known as Satoshi Nakamoto , who released Bitcoin, the first cryptocurrency, in 2008 and described it as the first purely peer-to-peer version of electronic cash. Bitcoin is reliant upon blockchain technology which, when broken down to its component parts – distributed files, cryptography, and openness – is nothing new. What is new is the use of these parts in unison. Essentially, blockchain is a computer...
In an increasingly connected world, consumers, businesses, and governments are presented with unprecedented access to data. What they do with that data depends on the questions they wish to ask and the technological capabilities available to produce answers. As the ability to generate insights from data evolves at an increasingly rapid pace, both technology and humans will grow smarter and more empowered. For any study, confidence in the outcomes and conclusions is directly tied to the size and quality of the dataset. Thanks to increasing worldwide digitization and Internet-connectedness, nearly every person on the planet creates mountains of data ripe for study. Entities on the receiving end of these large swaths of data find themselves in possession of a rich, albeit unwieldy, source of market insights. The definition of this “Big Data” evolves as the digital landscape transforms. Think of it not as a thing, but as a concept. In that context, Big Data encompasses all of the...
