none

'COGNITIVE FIRST' APPROACH FOR THE 'INNOVATION NATION'

27-07-2017
by 
in 

Technologies such as 'AI' software and machine learning are taking the logistics and supply chain industries by storm, and companies need to keep up. 

Coming shortly after Prime Minister Malcolm Turnbull announced that Australia would become an "innovation nation" once more, companies are taking a similar tack and prioritising smart and novel approaches to solving problems.  

Progress Software's biggest market in the Asia Pacific is the Australia-New Zealand region, president and managing director of international operations for APJ and EMEA, Mark Armstrong, told iTWire.

"We're investing [in Australia]... it's a big market for us."

Part of Progress's approach is a shift from "mobile first" thinking, instead focusing on "cognitive first."

In other words, companies need to take advantage of technologies that make predictions and help to streamline and organise procedures, like machine learning and advanced algorithms. 

McKinsey has estimated that predictive maintenance alone could yield worldwide savings of US$630 billion over five or six years, by allowing companies to replace or repair components before a break caused accidents or significant downtime. 

Industries such as manufacturing and logistics would increasingly expect to see AI capabilities in the software they use over the next few years, Armstrong suggested.

Three of Progress's Australian partners have been recognised internationally for their moves into the cognitive arena. Revolution Software Services is already applying Progress' technology to its automotive dealer software, using face recognition to create heat maps of people's movements around the showroom. It also plans to build in predictive analytics, in part to indicate when someone in the showroom is most likely to buy.

Companies in Australia and in APJ more generally are typically smaller than those in North America, and Progress realises it is unlikely many of them will be able to take advantage of advances in data science of their own accord.

"Our goal... is to make data science available to the SME market through ISVs," Armstrong said.

The development of that platform is in its early days, he admitted, but the recent acquisitions of Kinvey and DataRPM are steps towards it. These acquisitions give Progress a "big opportunity in Australia," he said.

Related news & editorials

  1. 26.05.2020
    26.05.2020
    by      In , In
    Prime Minister Scott Morrison has detailed his government’s plan for Australia’s economic recovery from the COVID-19 crisis.
    In his address to the National Press Club, the Prime Minister first congratulated Australia for “weathering this storm” so well.
    “Indeed, together with a handful of nations... Read More
  2. 25.05.2020
    25.05.2020
    by      In , In , In
    Industry Update extends its continued support for the Federal Government’s JobKeeper scheme in the face of ongoing attacks on Treasurer Josh Frydenberg.
    In what has been called “the biggest policy miscalculation in Australian political history,” the JobKeeper wage subsidy, initially valued at $130... Read More
  3. 25.05.2020
    25.05.2020
    by      In
    UniSA’s new $2 million Industry 4.0 Testlab will be ready in time to support industry innovation as Australia recovers from the COVID-19 pandemic.
    As key defence, space, mining, ag-tech, electronics and automotive sectors emerge from COVID isolation, businesses and researchers will be able to trial... Read More
  4. 25.05.2020
    25.05.2020
    by      In , In
    The past few months have exposed Australia’s vulnerability of reliance upon imported goods, especially products such as PPE, safety products and industrial consumables. This supply gap puts lives at risk.
    It’s a clear example of how susceptible we are to any change in global circumstances. During... Read More