Global Companies Increased Focus on Innovation, Climate and Sustainability and Investment in Ai: BCG Report

Global companies have increased their prioritisation of innovation and investment in artificial intelligence (AI), while more innovation-ready companies have additionally increased their focus on climate and sustainability, a recent report from BCG has stated.

BCG’s “2023 Most Innovative Companies” report found that innovation rose as a top corporate priority in 2023, with 79% of companies ranking it among their top three goals, above the 75% recorded in 2022 but still below the 82% high of 2019.

“The top areas of innovation emphasis are new products and exploring adjacent business models. Cost is a key driver for 62% of respondents and a top reason for innovation,” the report stated.

The report noted that 61% of surveyed companies reported having invested in artificial intelligence (AI), more than any other technology, but only 45% of those companies translated their use of AI into business impact. Detailing what types of AI use cases have the most impact, the report noted portfolio prioritization decisions (40% of companies implementing AI for that use case achieve impact), identifying players with external innovation potential (38%), and revealing market trends and competitor activities (37%). The sectors that were most effectively leveraging AI were medtech (51%), materials (48%), and chemicals (47%) industries.

“To enable AI, companies must have established digital and data capabilities. Leaders make data and technology accessible across the organization, avoiding siloed and incompatible tech stacks and standalone databases that impede scaling. Our research into AI scaling has shown that companies that make more than 75% of technology and data widely available have a 40% greater likelihood of realizing AI use cases at scale than those that make 25% or less widely available,” the report stated.

Digging deeper into a sub-category of innovation-ready companies, the report noted that two-thirds of such companies ranked innovation as their number one priority, of which 90% expect to increase spending on innovation. BCG defined innovation-ready companies as those that make innovation a priority, commit investment and talent to innovation, and are ready to transform investment into results, making them ready to develop product, process, and business model innovations that can deliver sustainable impact.

Reflecting the growing importance of the global push toward decarbonisation and increasing recognition of the potential for growth and risk climate change presents to companies, 89% of innovation-ready companies also said they prioritise climate and sustainability, compared with 58% of all companies.

The report noted that innovation-ready companies emphasise breakthrough or disruptive innovations, while less sophisticated innovators allocate resources more heavily to “near-in” or sustaining innovation.

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Innovative, Sustainable, Service-Oriented: Hubergroup Print Solutions With Versatile Flexo Portfolio at Labelexpo Europe 2023

The future of printing – that’s what Labelexpo Europe, which will take place in Brussels (Belgium) from September 11 to 14, 2023, promises. Right in the middle of it is hubergroup Print Solutions (stand 7E39). The international printing ink specialist will present its comprehensive service concept as well as its three innovative series for flexo printing – iray, HYDRO-X and Gecko. For hubergroup, however, the focus will be on direct exchange with visitors.

“We always concentrate on how we can simplify our customers’ work and combine this with sustainability. Personal contact with our customers is therefore very important to us, whether in water-based, solvent-based or UV printing,” says Dirk Bienek, Sales Director UV Flexo Europe. The common features of the three series iray, HYDRO-X and Gecko accordingly are a system approach, a sustainable formulation and a wide range of services.

The UV flexo series iray is the latest series in the ink specialist’s range. It was recently launched on the market and replaces the NewV flex series. The background to this relaunch is the improved performance of the products and the expansion into a complete system that provides all the products necessary for UV flexo printing. The portfolio now also includes primers, lamination adhesives as well as low-migration inks and varnishes to offer customers a perfectly matched product range. The products cover a wide range of food and non-food applications and are characterised by high scratch resistance, good adhesion, low odour values and high-yield inks. With the help of numerous laboratory tests, hubergroup also ensured that the inks and varnishes are deinkable on film and paper.

In addition, hubergroup is presenting its water-based portfolio at Labelexpo. The modular ink mixing system HYDRO-X consists of ink concentrates, blends and additives that are perfectly matched and can be freely combined. This makes it suitable for a wide range of applications in flexo and gravure printing – from flexible packaging made of paper, aluminium or plastic film to corrugated board or folding cartons. As part of the HYDRO-X Green Line Premium series, all ink compositions are also available with exclusively Cradle to Cradle certified components. The water-based portfolio is complemented by the water-based coatings of the HYDRO-LAC series. Depending on the requirements, protective properties such as heat and scuff resistance or physical properties such as anti-roll and anti-slip properties are available. A special highlight are the water-based barrier coatings HYDRO-LAC GA Oxygen Barrier Coating and HYDRO-X GA Water Barrier Coating, which improve the oxygen or water and grease resistance of mono-material packaging.

The solvent-based Gecko brand, which stands for maximum reliability and good printability, completes the trio. The careful selection of raw materials and the modular structure of Gecko guarantee a wide range of applications – from food packaging made of polyolefins to aluminium packaging and flexible films for outdoor storage. In line with hubergroup’s system approach, the portfolio also includes varnishes, additives and primers so that customers can obtain all the products they need from a single source. When developing Gecko, the printing ink specialist also paid particular attention to sustainability and recyclability. As part of the Gecko Green Line Premium series, the printing inks are therefore also available with Cradle to Cradle Certified Bronze certification.

Dirk Bienek sums up: “At Labelexpo, we offer insights into our holistic, sustainable portfolio and present our comprehensive service concept. Come and see for yourself. We look forward to meeting you!”

www.hubergroup.com

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Latamcan 2023: Sacmi Presents the Revolutionary Classy Ai, Now for Metal Packaging Too

SACMI to give a presentation on its “Next Generation AI-based vision system for the can-making industry”, illustrating a revolutionary vision system management tool that uses artificial intelligence algorithms. The results: simplified control of systems, higher quality and speed, more effective process feedback

LatamCan 2023 offers the perfect showcase for Classy AI, the advanced ‘Made in SACMI’ interface that uses AI to revolutionize vision system control. A key event for the Americas – from Latin America to the United States – but also for Europe, this year’s international conference will be held in Mexico City (12-14 July 2023, Hilton Hotel).

SACMI will give a talk on its “Next Generation AI-based vision system for the can-making industry” (3PC area, 13 July at 9.30). The goal: to present SACMI Classy AI, a valuable artificial vision tool that, following its launch in the plastics sector (vision systems for caps and preforms), is now available for the vast metal packaging world, making it a true all-rounder.

What is Classy AI for? Remember, this isn’t a new type of control – SACMI provides a comprehensive range of vision systems for all your metal packaging inspection needs – but a revolution in the approach to how inspection is managed. With Classy AI, the operator isn’t faced with a complex technical interface (although that’s always there if needed) but a user-friendly dashboard which, if a defect occurs, classifies it ‘by family’ (accidental, technological, decoration-OCR, measures, specific) and above all, specifies its origin.

In addition to identifying the type of defect and showing the affected part of the object, the dashboard creates quality statistics, letting users build up an analysis database and identify drifts immediately. The result: immediate, valuable data for the line operator, who can use process feedback to perform preventive, targeted maintenance and corrections.

Why Classy AI? The main advantage of the system lies in being able to recognize not just individual defects but their origins in relation to the various detectable defect ‘families’. Above all, this is a revolution that focuses on the operators: they don’t necessarily have to be vision system experts and can manage the line optimally, filtering alarms unequivocally and requesting the intervention of an expert technician only if necessary. To illustrate more clearly, just think of the changes taking place in the car industry, where advanced sensors and digital dashboards offer increasingly detailed, sophisticated vehicle info… and you’ don’t need to be a mechanic to understand it!

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Adipec 2023 Facilitates Realistic and Sustainable Energy Sector Transition: Tayba Al Hashemi

Tayba Al Hashemi, Chair of ADIPEC 2023 and CEO of ADNOC Offshore, said that ADIPEC 2023, the largest and most influential energy gathering of its kind, will connect the energy industry leaders, innovators, policymakers and consumers to accelerate the credible solutions needed to tackle the biggest challenges of the journey to a net zero world.

In an interview with the Emirates News Agency (WAM), Al Hashemi said that ADIPEC 2023, which will be held in October ahead of the UAE’s hosting of COP28, will unite the increasingly diverse world of energy producers and the biggest energy consumers, to work together to transform, decarbonise and future-proof energy, by accelerating the innovation and tangible actions needed to enable a lower-carbon world.

“This year, we are building on our nearly 40-year legacy of innovation and evolution to take ADIPEC to the next level. We are bringing together more diverse energy producers and their biggest consumers, alongside enablers in government, technology, and finance, while providing dedicated space for more voices, including young people and women, all of whom are working towards the common goal of a sustainable energy future,” she explained.

Al Hashemi stated that the conference will address the response to the call for action by Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, to eliminate methane emissions by 2030, phase out carbon emissions across the value chain to reach net zero by 2050; assure energy security and clean energy investment flows in the global south; and scale decarbonisation technology and clean energies to achieve carbon neutrality.

When asked about what is different about ADIPEC 2023, she said, “We have developed enriched conference and exhibition programmes that include an expanded Decarbonisation Zone, a new dedicated Hydrogen Conference, and a new Cross-Sector Co-Lab Zone to capitalise on the power of collaboration in achieving meaningful progress on the road to net zero. We have also expanded our youth programme ‘Beyond Young ADIPEC’ and the ADIPEC Awards, including all-new categories.”

ADIPEC 2023, which is expected to have over 160,000 attendees, will deliver its largest and boldest programme ever, with a strong emphasis on technology and innovation. Over four days, 2,200 companies from the energy industry and beyond will showcase the solutions that will enable a lower-carbon and higher-growth future for the world.

Throughout its history, ADIPEC has evolved in line with the energy industry’s challenges. “This year is no different, with two new areas, the Cross-Sector Co-Lab Zone and the Innovation Sessions, that will focus on the innovative partnerships and disruptive thinking accelerating sustainable and transformative change within our industry.”

ADIPEC 2023 will connect the energy industry with leaders in the manufacturing, shipping, finance, logistics and technology sectors “to address how we decarbonise faster, together”.

By facilitating the conversations integral to a secure, lower-carbon future and providing a platform for collaboration, bold commitments and collective industry action, ADIPEC 2023 will be where the energy industry steps up, aligns and leads on the greatest energy market transformation in modern times.

Regarding what’s new about ADIPEC Awards 2023, Al Hashemi said in line with this year’s conference theme, ‘Decarbonising. Faster, Together,’ the Awards 2023 will focus on the change-makers and needle-movers who are ‘Leading the Transformation.’

This theme underscores the awards’ objective to recognise individuals and organisations driving transformative change in the energy industry, unlocking a sustainable future, and promoting game-changing solutions.

This year’s awards feature eight new categories specifically tailored to address the energy industry’s challenges and support the global energy transition. The categories cover various aspects, including game-changing partnerships, transformative hydrogen projects, clean energy technology innovation, and decarbonisation at scale.

Regarding the number of companies and officials participating in ADIPEC 2023, she said the conference will host over 350 sessions across ten strategic and technical programmes -including a new Hydrogen Strategic Conference – with more than 1,600 speakers.

Over 160,000 attendees from around the world will join the leading energy producers, the biggest energy consumers, and enablers in government, finance, and technology to provide thought leadership, foster cross-sector partnerships, and inspire the innovation needed to deliver the clean, affordable, and reliable energy the world requires.

ADIPEC will host more than 2,200 companies across the energy value chain. With a massive footprint spread across 140,000 square metres, ADIPEC 2023 is expected to surpass its record attendance of more than 160,000 attendees from 164 countries last year.

On youth involvement in ADIPEC 2023, Al Hashemi said the conference will include the 11th edition of the Young ADIPEC programme, which receives full support from the Abu Dhabi Department of Education and Knowledge (ADEK).

Specifically tailored for high school students aged 14 to 17, Young ADIPEC aims to inspire tomorrow’s change-makers, empowering them to play a central role in creating a more inclusive and progressive energy future. Since its inception, the programme has reached over 4,800 students across the UAE.

ADIPEC 2023 will also see the introduction of ADIPEC’s first-ever Youth Council to ensure the voices of future leaders are heard on high-level stages and at the many discussions taking place at ADIPEC 2023. The council’s members, who will be composed of young university students and recent graduates in fields of relevance to the energy sector, will participate in inter-generational dialogue relating to the energy transition ahead of COP28.

www.adipec.com

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