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AI heralds new wave of industrial revolution at Hannover Messe 2024

China

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AI heralds new wave of industrial revolution at Hannover Messe 2024

2024-04-23 17:46 Last Updated At:04-24 00:02

Robots that can be controlled by voice and learn independently, machines that automatically recognize defects, systems that reduce downtime through predictive maintenance, and generative artificial intelligence (AI) that is rapidly acquiring the ability to design machines. This year's Hannover Messe 2024 in Germany is all about AI that is heralding a new wave of industrial revolution.

One of the world's most established industrial trade fairs, this year's Hannover Messe opened on Monday with the theme "Energizing a Sustainable Industry" and is showcasing how AI is revolutionizing industrial processes at a breathtaking pace.

As previous years, multinational tech heavyweights such as Siemens, Google, Microsoft, Bosch and Schneider Electric are among the 4,000 or so exhibitors showcasing their latest innovations in AI, robotics and machine learning at this year's fair.

French multinational Schneider Electric brought their latest medicine production line to the event, which features next-generation automation and advanced industrial robotics technology capable of boosting flexibility, productivity and safety in operation.

"During the old days, when we found that something had gone wrong in one specific part of the production line, we had to shut down the entire process, which often led to reduced productivity. Now, we can use AI technology to remove the malfunctioning part from the production line in a quick and flexible way," said Gu Yue, vice president and head of Marketing of Schneider Electric's China and East Asia Operations, in an interview with China Central Television (CCTV).

Rainer Brehm, CEO of Factory Automation at Siemens Digital Industries, is optimistic about the application of generative AI, which he believes will significantly improve machine learning capabilities and take the automation of industrial manufacturing to the next level.

"For me, the highlight of this fair is really using generative AI at manufacturing, at a real machine. You can ask the machine how I can run faster with a higher quality and the machine answers you, where the machine thinks you can optimize. It's applied to a lot of areas, to all machine building, to car manufacturing, to machine building for battery industry, for solar industry, for tire industry, but also in the food and beverage area," he said.

Sustainability is also a key topic at this year's Hannover Messe with exhibitors showcasing technologies for a carbon-neutral industry.

This year's fair lasts till Friday.

AI heralds new wave of industrial revolution at Hannover Messe 2024

AI heralds new wave of industrial revolution at Hannover Messe 2024

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China's service outsourcing industry reports robust expansion

2024-05-22 04:25 Last Updated At:05:37

⁠⁠⁠⁠⁠⁠⁠China's service outsourcing industry saw robust expansion in the first four months of this year, the Ministry of Commerce said on Tuesday.

Chinese firms inked services outsourcing contracts worth a total of some 781.43 billion yuan (about 110 billion U.S. dollars) in the four-month period, up 14.4 percent year on year, according to the ministry.

The executed contract value stood at 520.51 billion yuan, a year-on-year increase of 12.9 percent.

Of the total, the value of offshore service outsourcing contracts rose 8.6 percent year on year to 419.04 billion yuan.

Specifically, the value of offshore information technology outsourcing (ITO) services provided by Chinese companies jumped by 10.9 percent from a year earlier.

China's Hong Kong Special Administrative Region, the United States and the European Union ranked the top three markets in terms of the fulfilled contract value of offshore outsourcing service, accounting for 54 percent of the total.

Chinese firms undertook nearly 80 billion yuan(about 14.93 billion U.S. dollars) worth of offshore service outsourcing contracts that were fulfilled with countries participating in the Belt and Road Initiative, up 24 percent from a year ago, while the offshore outsourcing services for Regional Comprehensive Economic Partnership (RCEP) member countries totaled 73.26 billion yuan, up 16.6 percent year on year.

Outsourcing refers to hiring an outside party to carry out services or produce goods typically undertaken by in-house employees. In China, service outsourcing is typically divided into three sectors: information technology outsourcing, business process outsourcing and knowledge process outsourcing.

In the January-April period, the service outsourcing industry welcomed about 301,000 new hires, with 84.7 percent of these individuals holding a bachelor's degree or above. The sector had over 16.17 million employees at the end of April, among whom some 10.56 million were graduates with a bachelor's degree or higher.

China's service outsourcing industry reports robust expansion

China's service outsourcing industry reports robust expansion

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