Rockwell Automation today announced its investment in The Hive, a Silicon Valley innovation fund and co-creation studio, to gain access to an ecosystem of innovators and technology start-ups with a focus on applications of artificial intelligence (AI) to industrial automation. <\/p>\n
Rockwell Automation\u2019s goals include co-creating to solve customer problems, accelerating innovation, and identifying new emerging technologies that can help its manufacturing customers improve business performance by bridging the gaps between plant-floor and higher-level information systems. <\/p>\n
\u201cSmart manufacturing requires the use of new and disruptive technologies such as AI to create the future industrial plants and supply networks that are flexible, efficient, responsive, and secure. AI can help manufacturers unlock data, contextualize it, and take action,\u201d said Elik Fooks, senior vice president for corporate development at Rockwell Automation. \u201cWe continue to create partnerships with leading innovators, such as this one with The Hive, to further advance The Connected Enterprise, our vision for realizing unprecedented industrial productivity from the integration of plant and enterprise operations.\u201d <\/p>\n
\u201cRockwell Automation\u2019s investment in The Hive will provide it with earlier visibility to AI technology from companies fostered by The Hive\u2019s technology team,\u201d said T.M. Ravi, managing director and co-founder of The Hive. \u201cThese include AI-powered applications for the cognitive enterprise, edge intelligence, security, and smart machines.\u201d <\/p>\n
The Hive (www.hivedata.com), based in Palo Alto, Calif., identifies new AI based opportunities with great growth potential, and based on these opportunities co-creates, funds, and launches startups with substantial operational and technology support.<\/p>\n","protected":false},"excerpt":{"rendered":"
Rockwell Automation today announced its investment in The Hive, a Silicon Valley innovation fund and co-creation studio, to gain access to an ecosystem of innovators and technology start-ups with a focus on applications of artificial intelligence (AI) to industrial automation. Rockwell Automation\u2019s goals include co-creating to solve customer problems, accelerating innovation, and identifying new emerging […]<\/p>\n","protected":false},"author":2,"featured_media":6670,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"1","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":0,"_extra_hide_author_box":"1","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[449],"tags":[],"class_list":["post-6671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\n