Why OEMs Are Investing in Li-ion Battery Recycling
In the past, the lack of end-of-life batteries meant that the Li-ion (lithium-ion) recycling market had little opportunity to prosper. The transition to electric vehicles (EVs) is changing this. Recycling enables countries to domesticate battery material supply, hedge risks of fluctuating metal prices, and reduce reliance on unsustainable mining practices. Various stakeholders across the value […]
IDC Forecasts Worldwide Quantum Computing Market to Grow to $8.6 Billion in 2027
NEEDHAM, Mass.– International Data Corporation (IDC) today published its first forecast for the worldwide quantum computing market, projecting customer spend for quantum computing to grow from $412 million in 2020 to $8.6 billion in 2027. This represents a 6-year compound annual growth rate (CAGR) of 50.9% over the 2021-2027 forecast period. The forecast includes core […]
Siemens Partners with Hyundai Motor Company and Kia Corporation for Digital Mobility Transformation
Siemens’ NX Software and Teamcenter Software from the Xcelerator Portfolio replace incumbent solutions to become standard solutions for Hyundai and Kia next-generation data management and design environment Siemens Digital Industries Software is selected as the preferred bidder for the next generation engineering environment and product data management environment Siemens and Hyundai Motor Company and Kia […]
Industrial Metaverse Expected to Propel Global Smart Manufacturing Revenue to US$540 Billion by 2025, Says TrendForce
In light of the metaverse’s ability to satisfy the demands of WFH, virtual reality, and simulations, the smart manufacturing industry will also likely capitalize on the rise of the metaverse and undergo an accelerated growth of related technologies, according to TrendForce’s latest investigations. Global smart manufacturing revenue is expected to increase at a 15.35% CAGR […]
Machine Learning – How does it actually work?
Over the last few years, machine learning has gained traction at an increasing rate, with more and more businesses adopting machine learning into their day-to-day processes. In recent years, machine learning is gaining more and more popularity, but what exactly is it and how does it relate to AI? The experts at DELMIA take a deep dive into the intricacies of machine learning, so you will have a better understanding of what it is and how it is used.