ABB and IBM team up on industrial Artificial Intelligence
ABB is a pioneering technology Swiss company that is creating the future of industrial digitalization. They have been at the forefront, innovating digitally connected and enabled industrial equipment and systems. They drive efficiency, safety and productivity in utilities, industry, transport and infrastructure globally.
ABB sealed a collaboration agreement with International Business Machines Corp (IBM), the latest step in its efforts to ramp up its presence in digital technology and the internet of things.
In a joint statement ABB said it would combine its digital offering, which gathers information from machinery, with IBM's expertise in artificial intelligence featured in its Watson data analytics software. The two companies will jointly develop and sell new products.
"This powerful combination marks truly the next level of industrial technology, moving beyond current connected systems that simply gather data, to industrial operations and machines that use data to sense, analyze, optimize and take actions that drive greater uptime, speed and yield for industrial customers," ABB Chief Executive Ulrich Spiesshofer said in a statement.
For example, instead of manual machinery inspections, ABB and IBM intend to use Watson's artificial intelligence to help find defects via real-time images collected by an ABB system, and then analyzed using IBM Watson.
ABB has identified digital technology – where machinery communicates with control centers to increase productivity and reduce downtime – as a driver of growth. It now gets around 55 percent of sales from products that are digitally enabled.
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