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Items filtered by date: November 2024 - CIMdata
Schneider Electric, a leader in energy management and automation, will present its latest innovations in open, software-defined automation and advanced technologies at Automate 2025. The company will demonstrate how it is enhancing the competitiveness and resilience of U.S. industry through state-of-the-art robotics, industrial AI, and digitalization. At the exhibition, the company will introduce its industrial copilot, developed in collaboration with Microsoft. Designed to boost productivity and enhance workforce efficiency it integrates Microsoft Azure AI Foundry with Schneider Electric's advanced and secure industrial automation solutions. Eliminating repetitive tasks, this Generative AI-powered assistant allows users to collaborate, supports simplification of application development delivering efficiency gains and bringing quality solutions to market faster. Industrial copilots are increasingly adopted to address labor shortages and enhance complex operations. They empower workers by reducing mental strain, providing support, and retaining knowledge despite high turnover. By automating routine tasks, copilots boost productivity and allow workers to focus on complex activities. They improve
Published in Newsletter Articles
CENIT achieved sales slightly above the previous year's level despite the extremely difficult market environment. After three months, CENIT Group has generated sales revenues of EUR 51,508 k (previous year: EUR 50,545 k/+1.9%). Sales of third-party software decreased by -4.9% to EUR 24,917 k (previous year: EUR 26,188 k). Sales of CENIT's own software decreased slightly from EUR 4,472 k to EUR 4,409 k (-1.4%). Sales revenues in the CENIT consulting and services segment increased by 11.5% to EUR 22,147 k (previous year: EUR 19,856 k). Gross profit (operating performance less cost of materials) amounted to EUR 30,960 k (previous year: EUR 29,352 k) and thus increased by 5.5%. Due to the personnel measures already announced and the associated expenses in the amount of EUR 3,349 k, CENIT achieved an EBITDA of EUR -2,439 k (previous year: EUR 3,146 k />-100.0%), an EBITA of EUR -4,020 k (previous year: EUR 1,826
Published in Newsletter Articles
Velo3D, Inc., a leader in additive manufacturing (AM) technology known for transforming aerospace and defense supply chains through world-class metal AM, announced financial results for its first quarter ended March 31, 2025.  Recent Business Developments Demand mix shift to Rapid Production Services (RPS) underway RPS backlog increased 3x as compared to year-end 2024 New customers represented more than 75% of 1Q'25 bookings 50% demand from defense sector Signed a five-year, $15 million master services agreement (MSA) with Momentus, Inc.to leverage to RPS Offering Signed a five-year exclusive supply agreement with Amaero Advanced Materials & Manufacturing, Inc. ("Amaero") advancing efforts to re-shore advanced manufacturing and accelerate the adoption of additive manufacturing Received an order for a fourth Sapphire XC printer from Mears Machine Corporation to support the continued development of aerospace and industrial-related programs Announced an agreement with Ohio Ordinance Works, Inc. to provide RPS as part of its 3D Printed Military Weapons Development initiative. Appointed retired U.S. Army Green Beret,
Published in Newsletter Articles
Copperleaf®, an IFS company, is delighted to announce that Avacon, a regional subsidiary of the E.ON Group – a leading energy company responsible for supplying energy and energy-related services, has chosen IFS Copperleaf’s decision analytics solution. This strategic partnership is set to boost Avacon’s capability to manage the challenges brought on by the energy transition, and in parallel drive operational efficiency and streamline workflows as part of the E.ON wide “Manage Assets” initiative. Avacon set out to elevate its “Manage Assets” capabilities - aiming to make consistent, data-driven decisions that ensure the highest return in line with strategic goals and operational targets. The IFS Copperleaf solution enables value-based, risk-informed decision-making. This includes opportunities and risks identification, solution definition and evaluation, portfolio optimization, scenario analysis and approval. With IFS Copperleaf, Avacon will reduce risk, optimize costs, accelerate time to value, and meet business objectives through a proven end-to-end asset management process. By reducing
Published in Newsletter Articles
Wipro Limited, a leading technology services and consulting company, announced a digital transformation partnership with Hachette UK (HUK),a leading publishing group based in the United Kingdom. Wipro will help modernize Hachette UK’s IT infrastructure through the implementation of SAP S/4HANA.  This adoption of the SAP S/4HANA system, delivered on RISE with SAP, will allow HUK to transform its finance operations and core enterprise applications, providing increased agility and speed and significantly enhancing source-to-pay operations. "We are looking forward to embarking on this critical project with Wipro," said Brendan Goss, Group CIO, Hachette UK & Hachette Book Group USA. “Adopting SAP S/4HANA signifies an important step in our digital transformation efforts, as it will help us enhance operational efficiency and provide us with the ability to adapt to changing market conditions quickly. All of this will help us better capitalize on new and emerging opportunities and create new growth venues for our business." As part
Published in Newsletter Articles
KORE, a global leader in Internet of Things ("IoT") Solutions and IoT Connectivity provider, has collaborated with Winnebago and Robo to unveil Winnebago Connect™, a groundbreaking platform that transforms the recreational vehicle (RV) experience through advanced connectivity, intelligent automation and intuitive design. Powered by KORE, Robo, and Ericsson Enterprise Wireless Solutions, Winnebago Connect integrates cutting-edge technologies to deliver a seamless intelligent RV platform. KORE's managed IoT services provide the global connectivity backbone, ensuring reliable access no matter the destination. Robo delivers the software platform that powers the intuitive user interface and intelligent features, while Ericsson contributes high-performance network solutions with dual-carrier Wi-Fi and edge computing. Together, these innovations create an unparalleled ecosystem that empowers RV owners to travel smarter, safer and with greater convenience. "Our work with Winnebago and Robo showcases the potential of IoT to revolutionize industries and enable people to explore the world," said Ron Totton, KORE President and CEO. "Winnebago
Published in Newsletter Articles
Siemens Digital Industries Software announced that Tatra Trucks, a leading truck manufacturer in Czechia, has adopted the Siemens Xcelerator portfolio of industry software including Teamcenter® software for Product Lifecycle Management (PLM) and the Mendix™ low code platform to help increase production volume and strengthen its ability to manufacture vehicles that meet specific customer requirements. To achieve these goals, Tatra Trucks is digitalizing to intensively modernize and optimize production processes to meet the company’s ambitious plans for growth. "The implementation of Siemens’ Teamcenter software represents a major technological shift for Tatra Trucks and will provide the company with a significant competitive advantage on the global market. Digitization will enable us to respond more efficiently to the specific requirements of each customer and faster order processing. We anticipate more flexible development, faster technological preparation of production and more timely deliveries of the required quality," said Jakub Pončík, technical director, Tatra Trucks. The use of
Published in Newsletter Articles
Centric Software® is pleased to announce that Teddy Group has selected Centric Market Intelligence™ to underpin data-driven decisions across product planning and competitive pricing to boost its market positioning for flagship brand, Terranova. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source, buy, make, price, allocate, sell and replenish products such as fashion, luxury, footwear, outdoor, home and related goods like cosmetics & personal care as well as multi-category retail to achieve strategic and operational digital transformation goals. Founded in 1961, Teddy S.p.A Group has grown from a small local store in Rimini, Italy, into a global fashion retail powerhouse. Terranova, launched in 1988, represents one of the group’s flagship brands with over 500 stores in 37 markets, offering contemporary fashion for men, women and children. Today, the brand operates through multiple channels, including retail stores, 13 direct e-commerce markets and a growing marketplace presence. The integration of Centric Market Intelligence
Published in Newsletter Articles
 PDF Making Variability a Competitive Advantage in the High-Tech & Electronics Industry Key Takeaways Product platforms, product variants, modular design, and software-defined features are common, proven strategies to efficiently meet diverse and changing customer demand improving top and bottom-line value in many industries, but especially in high-tech and electronics. Ensuring product architecture, designs, and production methods share a common approach to managing product variability enables maximum efficiency and reduces risk of errors. Software-defined products (i.e., products where features and options are implemented by enabling capabilities via software activation) are becoming more common and used to drive high-margin after-sales revenue. Aras Innovator’s approach delivers a unified product-centric variability definition and supporting technology stack, enabling consistent, efficient management of configurable products across sales, engineering, manufacturing, and service while supporting diverse strategies like configure-to-order, engineer-to-order, and hybrids. Introduction The high-tech and electronics (HTE) industry, a cauldron of rapid technological evolution, faces the daunting task of balancing relentless innovation with the imperative
Published in Commentaries
This annual educational webinar will focus on the PLM market results for 2024. ANN ARBOR, Michigan, USA, 13 May 2025—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, is excited to announce an upcoming free educational webinar, “2025 PLM Market Update.” The webinar will take place on Thursday, 12 June 2025, at 11:00 a.m. (EDT) and will run for one hour. The PLM Economy, CIMdata’s term for the global ecosystem of software and services providers that assist industrial companies in achieving their PLM objectives, has grown strongly over the past decade. This webinar will focus on the results for the calendar year 2024 and offer insights into CIMdata’s forecast for 2025 through 2029. This webinar will help attendees: Distinguish CIMdata’s PLM definition from those offered by other market influencers. Understand the differential growth experienced across the various segments of the PLM market. Identify key players in the global PLM market landscape. Find out what
Published in News & Press
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