Molinos Río de la Plata, Argentina’s largest branded food products company, acquired La Salteña, a company producing refrigerated doughs and fresh & dry pasta, from General Mills, Inc. for an undisclosed amount. The purchase is scheduled to be closed on the 28th of January, 2019.
IBM has entered into an agreement with Juniper Networks (Juniper), a global leader in network technology, to strengthen its cloud portfolio. In January 2019, the global IT behemoth has announced a USD 325-million deal with Juniper to assist in managing application, infrastructure, and IT services. As part of the 7-year deal, IBM will use its IBM Services Platform with Watson to help manage Juniper’s support systems including data centers, help desks, and data and voice networks.
Boeing NeXt, which leads Boeing’s urban air mobility division, worked together with Boeing subsidiary Aurora Flight Sciences to design and develop the electric Vertical Takeoff and Landing (eVTOL) aircraft. The company successfully tested the aircraft’s autonomous functions and ground control systems of its autonomous Passenger Air Vehicle (PAV) on 22nd January, 2019.
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The test involved vertical lift off, hover, and landing operations. Boeing has progressed from the design concept to the first flight test within one year and it will be interesting to see how the company progresses to the next stages of flight testing. The next stages will be crucial as they will test the transition from hover to forward flight. The company has a long way to begin, however, this test is a stepping stone towards establishing and commercializing the concept of urban air mobility. Boeing being one of the market leaders in the aviation industry, with its extensive experience and resources, the company is a strong prospect to turn this vision into reality.
According to Vaibhav Dixit - Associate Vice President : Aerospace & Defense, at MarketsandMarkets™, The passenger air vehicle is suitable for urban city commute. The all electric engine will help in reducing the carbon footprint and the VTOL technology will support the take-off and landing almost anywhere with greater flexibility. Assuming the favorable regulatory framework, infrastructure development, technology advancements in terms of battery capability and power to weight ratio, and social acceptance, the autonomous passenger air vehicle is expected to be commercialized by 2023.
Impact on Market
Event: LG Display unveiled technologically advanced 8K OLED TV at CES 2019
On January 8, 2019, LG Display, one of the leading providers of large OLED displays, introduced a technologically advanced OLED TV with a massive 88-inch display screen and 8K resolution. The company, to strengthen its position in the display industry, is focusing on developing technologically advanced OLED display panels, primarily used for TVs. The OLED TV has advanced features such as superior picture and sound quality, a powerful processor that automatically upscales non-8K content using AI algorithms, wide-viewing angles with no image distortion irrespective of the viewing angle, and advanced 3.2.2-embedded sound system that analyzes sound source to improve and enhance sound effects. AI elements in this OLED TV provide the viewer with the most realistic experience, with improved sound quality, sharp images, and minimal blur.
In this generation, most of the utilities are under increasing pressure for quality, reliability and security and the equivalent cost of the power that they supply to their valued customers. Real time digital simulators are an intrinsic tool for utilities in this volatile environment. Through these Digital Twins or replicas, utilities’ companies can run simulations of their equipment, and mine data and insights of these simulations. This is one of the white spaces wherein the companies can move beyond predictive maintenance and AI.
Tesla Motors has announced that it would begin the deliveries of its long-awaited Model 3 Long Range Battery variant in Europe from February 2019. Tesla Model 3 car was initially launched in the US in July 2017. According to Tesla, “Model 3 is the best-selling car in the US in terms of revenue and the 5th best-selling car in terms of volume”. The Model 3 Long-range version delivers 338 miles under the latest Worldwide Harmonised Light Vehicle Test Procedure (WLTP) and goes from 0–62mph in 4.8 seconds. In Europe, Tesla Model 3 will be sold with a Combined Charging System (CCS) charging port, which would help access thousands of third-party fast charging stations across the region. The company has recently seen sales volumes comparable to more established players such as the German trio of Audi, BMW, and Mercedes, despite its much narrower product range.
The oil and gas industry has always been volatile, but with the recent decline in oil prices and cuts in spending, companies are exploring new vistas to improve efficiencies, performance, safety and take risk mitigation measures, at the same time optimize production. In the Utilities Industry as well, dynamic fordecasting & load management, operational efficiency augmentation, increasing government initiatives for AMI accentuate demand for predictive analytics, with highly advanced data technologies focused around solutions for preventive maintenance and production-related analytics at the core.
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In Jan 2019, FADEC Alliance signed a 25-year agreement with Lufthansa Technik to provide Full Authority Digital Engine Controls (FADEC) availability services for LEAP engines globally. LEAP engines are high by-pass turbofan engines which are highly reliable and high performance, enabling 15% lower fuel consumption as well as life cycle maintenance costs in comparison to the best CFM56 engines.
Disruptive technologies are going to shape the future, wherein the technology innovation leaders must evolve and embrace changing trends to stay ahead of the competition. It is crucial to anticipate emerging technologies to make informed business decisions and the best plans. 2018 proved to be a catalyst innovation, and this trend is expected to continue in 2019. The industry thought leaders at MarketsandMarkets™ have outlined the Top 20 Technologies that are poised to reshape industries in 2019 and beyond. Although numerous new technologies are emerging and evolving rapidly, these 20 technologies are game changers now and will be for the foreseeable future. They have the potential to be disruptive over the next few years and organizations must proactively understand them for sustainability in a competitive market.
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At CES 2019, HTC (Taiwan) launched the eye-tracking technology integrated VIVE Pro Eye Virtual Reality (VR) headset. Eye tracking allows users to navigate within VR apps by just looking at particular icons or places. This was the result of the partnership (signed in October 2018) between Tobii (Sweden) and HTC for developing eye-tracking technology for VR headsets.