May 16, 2020

US industrial production increase twice as much as expected in December

US
industrial
Output
production
Sophie Chapman
2 min
US's industrial production rose
The level of industrial production in the US increased by 0.9% in December last year, more than double the anticipated 0.4% rise.

It is expected the su...

The level of industrial production in the US increased by 0.9% in December last year, more than double the anticipated 0.4% rise.

It is expected the success was due to unseasonably cold weather that resulted in a higher demand for heating.

However, the US’s manufacturing output remained fairly stagnant, only rising by 0.1% in the final month of 2017.

The Federal Reserve reported a strong demand for utilities which in turn supported the rise in consumer spending in the final quarter of last year.

The unexpected acceleration has led to economists increasing their economic growth estimates for the review period.

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“This is consistent with the solid growth story,” said Jennifer Lee, a Senior Economist at BMO Capital Markets, Toronto.

According to the Federal Reserve, following its fall of 0.1% in the previous month, industrial output rose to 0.9% in December due to gains within the mining industry.

A Reuters economist poll suggested that industrial production would expand by 0.4% in the final month of 2017.

In the Federal Reserve’s Beige Book report, it states “the outlook for 2018 remains optimistic for a majority of contacts across the country.”

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Jun 16, 2021

Fluent.ai x BSH: Voice Automating the Assembly Line

Fluentai
BSH
AI
Technology
2 min
Fluent.ai and BSH announce plans to bring speech-to-intent AI to the assembly line that will increase factory efficiency and improve worker ergonomics

Fluent.ai has deployed its voice recognition solutions in one of BSH’s German factories. BSH leads the market in producing connected appliances—its brands include Bosch, Siemens, Gaggenau, NEFF, and Thermador, and with this new partnership, the company intends to cut transition time in its assembly lines. 

 

According to BSH, voice automation will yield 75-100% efficiency gains—but it’s the collaboration between the two companies that stands out. ‘After considering 11 companies for this partnership, we chose Fluent.ai because of their key competitive differentiators’, explained Ion Hauer, Venture Partner at BSH Startup Kitchen.

 

What Sets Fluent.ai Apart? 

After seven years of research, the company developed a wide range of artificial intelligence (AI) software products to help original equipment manufacturers (OEM) expand their services. Three key aspects stood out to BSH, which operates across the world and in unique factory environments.  

 

  • Robust noise controls. The system can operate even in loud conditions. 
  • Low latency. The AI understands commands quickly and accurately. 
  • Multilingual support. BSH can expand the automation to any of its 50+ country operations. 

 

How Voice Automation Works

Instead of pressing buttons, BSH factory workers will now be able to speak into a headset fitted with Fluent.ai’s voice recognition technology. After uttering a WakeWord, workers can use a command to start assembly line movement. As the technology is hands-free, workers benefit from less physical strain, which will both reduce employee fatigue and boost line production. 

 

‘Implementing Fluent’s technology has already improved efficiencies within our factory, with initial implementation of the solution cutting down the transition time from four seconds to one and a half”, said Markus Maier, Project Lead at the BSH factory. ‘In the long run, the production time savings will be invaluable’. 

 

Future Global Adoption 

In the coming years, BSH and Fluent.ai will continue to push for artificial intelligence on factory lines, pursuing efficiency, ergonomics, and a healthy work environment. ‘We started with Fluent.ai on one factory assembly line, moved to three, and [are now] considering rolling the technology out worldwide’, said Maier. 

 

Said Probal Lala, Fluent.ai’s CEO: ‘We are thrilled to be working with BSH, a company at the forefront of innovation. Seeing your solution out in the real world is incredibly rewarding, and we look forward to continuing and growing our collaboration’. 

 

 

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