The blog reviews the acquisition of mid-size manufacturing ERP vendor IQMS by Dassault Systèmes for $425 million. While this is a good deal for all...
IoT Drives Strong Capabilities
As many manufacturing professionals know, and more recently everyone else, the internet of things (IoT) is capable of incredible things. We’ve been familiarized with the advances of efficiency that the IoT can make through smart connected assets and mobility, but now that concept has become even more relevant.
Last month Chrysler’s parent company FCA US LLC, in a fret of panic recalled nearly 1.4 million vehicles that were experiencing weak cybersecurity. Two network engineers, hacked into a Chrysler Jeep Cherokee driving on a highway in St. Louis from a basement ten miles away. Through the IoT, this vehicle and operator were virtually defenseless and unable to operate. Through the realization, the recall took place.
Many other organizations are starting to see the same instability in security and are actively seeking solutions to secure their control and private information. OnStar experienced a hack in their system, as well. To learn more about how industrial professionals are reacting to the individualized IoT security issue click here.
GE Offers Home-Based Solution
General Electric reports that it will be distributing its own industrial cloud-computing technology. GE hopes to become a serve-all technology provider for industrial professionals. To promote and sell the linking tools, equipment, and computer systems to factories, it will spend $500 million before 2015 comes to an end.
By offering companies a global network of data centers, referred to as Predix Cloud, industrial professionals will be able to analyze the big data generated by machines. GE’s Chief Executive Officer, Jeffrey Immelt, believes other organizations will meet needs and push production. “A more digital hospital means better, faster health care. A more digital manufacturing plant means more products are made faster. A more digital oil company means better asset management and more productivity at every well,” said Immelt.To support the data center movement, GE is partnering with Equinix Inc. To read more on the global spread of General Electric’s own industrial software click here.
Big News for IQMS
Investments in IQMS are growing as Technology Crossover Ventures and Banneker Partners have made an additional $40 million investment since last year. The leading global manufacturing ERP Software Company has made great strides since these investments, giving shareholders a reason to devote more heavily in IQMS. Jake Reynolds, TCV general partner said, “With its combination of ERP and MES in a single package, IQMS is reinventing the way people think about manufacturing software, and we are excited to deepen out invested in the company and the manufacturing industry.”
In addition to the current investment, a long-time enterprise software professional has been taken into the IQMS family as the new CEO. “IQMS is an exciting company- It serves manufacturers with a unique brand of ERP that is both comprehensive and focused on solving shop floor challenges. I couldn’t be prouder to serve at the helm of IQMS as we continue to evolve into the leading authority in manufacturing ERP software,” said the new CEO. To read more on the investment and transitions within IQMS click here.
Medical Needs are Running Towards 3D Printing
Fortunately for all Star Trek fanatics, and all else who will reap the benefits, 3D printing is a lot closer than we initially assumed. Medical professionals have recognized 3D printing as a useful tool to apply to pharmaceuticals and prosthetics.
With 3D printing, pharmaceutical companies will be able to make advancements like more accurate dosages and personalize the medicine by combining big data and pharmacokinetics. The FDA just approved the first manufactured 3D printed drug that treats epileptic seizures. 3D printing in pharmaceuticals are one the rise, and so are prosthetics. More specifically, animal prosthetics.
Derrick Campana, founder and manufacturer of Animal Orthocare, utilizes 3D printing technology daily to treat his animal patients. After seeing success in this 3D printing experiment, Campana went forth to carry forward his medical practice in this area. “We really like the ability to have limitless design capabilities through the 3D software,” said Campana. With a similar approach, he applies big data into the technology during manufacturing. You can see the development of the 3D printed prosthetic legs for one of Campana's first patients starting at 0:50 in the video below. To learn more about how pharmaceutical 3D printing is shaping up click here, and to see the direction animal prosthetics are running towards click here.
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