Technology Startup Wins Innovation of Things Award in Berlin: Condition-based Forecasts Convinced Six-member Jury.
Berlin ranks now alongside London and Paris as one of the startup capitals of Europe. One manifestation of this rapid climb was the Internet of Things World Europe held in Berlin last month.
Based on the enormous success of the Internet of Things World in San Francisco, the European sister event aims among other things to link the major players of the Internet of Things community with startups. In addition to the exchange of information and experience there was also the presentation of the winner of the Innovation Award of Things.
Berlin triumphs: From a total of 15 startups shortlisted for the prize, the condition-based forecasts by Cassantec AG from Berlin won the jury over.
– With so many interesting startups we are overjoyed that our solution triumphed, stated Cassantec CEO Moritz von Plate proudly.
The Cassantec team has developed an algorithm that makes it possible to interpret data from equipment and machines so that an exact time window for future malfunctions can be prognosticated. Users receive a data-based tool that allows the asset management for equipment and machinery to be more efficient. This can not only save costs, but it can also extend the remaining useful life of the equipment.
You can find more information at www.cassantec.com
The global rebound in construction activity is set to continue over the coming years, supported by a wave of publicly funded infrastructure projects. This investment is coming at a time when global supply chain disruptions are hampering the delivery of construction materials, and tight labour markets are limiting the supply of labour.
Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, will relocate the production and development of drill rigs for surface construction from Japan to its facility in Nanjing, China. The production facility in Yokohama, Japan, has been sold and will be closed.