First Biotech Career Awareness Expo at RIC

Rhode Island College | December 20, 2016

Approximately 100 students from eight local high schools attended the first Bioscience Career Awareness Expo at RIC on Dec. 16, organized by the Tech Collective and hosted by the Rhode Island STEAM Center at RIC.Students were greeted by RIC President Frank D. Sánchez who encouraged them to continue to gain real-world experiences while in high school as well as in college.

Spotlight

The infographic succinctly showcases the status of engineering in India. Seen as a stream that involves the application of creativity, design and innovation; engineers are involved in solving of day to day life’s problems. The infographic highlights the states where the job opportunities are dense like Uttar Pradesh, Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu, and then moves on to give hard hitting facts.


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PERSPECTIVES,ENGINEERING TECH

Digital Engineering Growth Fuels Rush for Talent in Europe

ISG | June 30, 2022

Software is playing a growing role in reshaping engineering at European companies, causing a major upheaval in the digital engineering services market as providers scramble to hire more developers, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm. The 2022 ISG Provider Lens™ Digital Engineering Services report for Europe finds digital transformation has emerged later in Europe than in other regions but is now growing at a pace that is rapidly changing the market for engineering services. Providers from outside Europe are expanding their presence there, while European providers of traditional engineering services are trying to enter the digital market. “For many European companies involved in engineering, software is becoming a much more important part of their product and customer development strategy, Engineering services firms in Europe are teaming up with international providers to secure enough developers to meet the rising demand.” -Gaurav Gupta, partner and global head, digital engineering, at ISG. Several factors have slowed Europe’s adoption of digital engineering technologies and services, Midsize companies dominate most industries in the region and tend to favor in-house development. Some industries, including automotive and aerospace, turn to their close-knit supplier networks rather than to large service providers for engineering. And most European companies develop products so specialized that the internal mechanical, electronics and software teams need to work closely together, making extensive sourcing of engineering skills more difficult and complex. However, many industrial companies in the region are now motivated to undertake digital transformation, ISG says. Discrete industries are adopting automation because of high labor costs and increasing regulation, while also using new technologies to meet growing demand for highly customized products. In Europe’s process industries, massive enterprises with huge plants are implementing digital solutions to monitor, control and visualize all processes so their facilities can run for long periods of time without interruption. They are also adopting technologies to secure their assets from cyberattacks. Sustainability is part of most conversations, and enterprises are working quickly to align their digital engineering strategies with their sustainability commitments. As more customers demand digital services and direct access to manufacturers, companies in Europe and other regions are focused on creating digital customer experiences, the report says. An ecosystem of partners is emerging to make up for the lack of in-house expertise at many enterprises, creating a major opportunity for service providers. The 2022 ISG Provider Lens™ Digital Engineering Services report for Europe evaluates the capabilities of 41 providers across five quadrants: Design and Development, Connected & Intelligent Operations — Discrete Industries, Connected & Intelligent Operations — Process Industries, Integrated Customer/User Engagement and Experience, and Platforms and Application Services. The report names Accenture, Cognizant, HCL and Wipro as Leaders in all five quadrants. It names Capgemini, Infosys and TCS as Leaders in four quadrants each. The report names LTTS as a Leader in three quadrants and HARMAN Digital Transformation Services (DTS) as a Leader in two quadrants. AVL, Ferchau, FEV, IAV, Tech Mahindra and Zensar are named as Leaders in one quadrant each. In addition, Mphasis is named as a Rising Star — a company with a “promising portfolio” and “high future potential” by ISG’s definition — in three quadrants. Cyient, GlobalLogic and Tech Mahindra are named as Rising Stars in one quadrant each. About ISG Provider Lens™ Research- The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. About ISG- ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data.

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ENGINEERING TECH,CONSTRUCTION

Procore Establishes New EMEA Hub in Dublin As Regional Growth Continues Across Europe, the Middle East and Africa

Procore | September 12, 2022

Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced the opening of its new EMEA hub in Dublin, Ireland. This move demonstrates Procore’s continued commitment to the region and desire to support its expanding customer base as part of its mission to connect everyone in construction on a global platform. The EMEA hub, within Dublin’s South Point building on Harmony Row, occupies the 3rd floor penthouse and spans 15,000 square feet. Formulated to help drive Procore’s growth and better support customers in the region, the hub will aim to create hundreds of jobs in Dublin over the next few years with the company hiring for roles across sales, customer success and customer support, to name a few. To lead this new office, Procore has appointed Ciaran Cushley as the Head of the EMEA Hub. With a track record of building and leading high-performing teams in Europe and North America for companies such as DocuSign, Cushley brings over 18 years of experience to the company. “In this exciting time to join Procore, it is a privilege to lead the new hub which signifies our ambition for continued growth across EMEA. Not only will the hub cement our presence in the region, but it will enable customers to continue to efficiently connect their people, systems and data on one platform - allowing them to fully reap the benefits of construction technology.” -Ciaran Cushley, Head of EMEA Hub at Procore. Brandon Oliveri-O’Connor, VP of EMEA at Procore adds, For the past 20 years, Procore has been working to connect everyone in construction on a global platform. Procore’s increasing presence across Europe, the Middle East and Africa speaks to our long-term goal to be the single platform which supports construction professionals across the world. About Procore: Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Our platform connects every project stakeholder to solutions we've built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's App Marketplace has a multitude of partner solutions that integrate seamlessly with our platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices in the United States, Canada, and around the globe.

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CONSTRUCTION

INTELIE by Viasat Joins Transocean, Intellilift to Accelerate Autonomous Well Construction as Partner in Joint Venture

inteliwell | August 19, 2022

Viasat Inc. (NASDAQ: VSAT), a global communications company, today announced it has agreed to join Inteliwell, a joint venture (JV) with Transocean Ltd. (NYSE: RIG), and Intelilift AS, a subsidiary of Nekkar ASA. Inteliwell's mission is to decrease drilling times through rig automation and streamlining of the well construction process using new processes and tools driven by artificial intelligence ("AI"). Inteliwell will offer a suite of applications that will provide an end-to-end, closed-loop workflow for well construction planning, execution, and monitoring. Inteliwell's software has been meticulously designed to leverage cutting edge technology and data that will improve consistency in operations by improving safety through reduction of personnel exposure to red zones and reducing well planning and construction time. For its part, INTELIE™, which was part of the Company's 2021 RigNet acquisition, will provide operational AI expertise, real-time data analytics, and planning components to the Inteliwell JV. "The joint venture between Transocean, Viasat, and Intelilift aligns a potent mix of expertise in the areas of well construction, automation, and artificial intelligence, INTELIE is already in use on the majority of drill ships today for real-time analytics and remote operating centers. Through the Inteliwell JV, we are poised to accelerate autonomous well construction while reducing cost and improving safety." -Brendan Sullivan, SVP, Intelligent Edge Solutions, Viasat, Inc. By reducing the days needed to drill a well, Inteliwell and its suite of applications creates incredible value to a large addressable market that is primed for change, said Scott McKaig, Director, Technology & Digital Solutions at Transocean Ltd. By aligning expertise from the three entities in our platform, we will be advancing the well construction process from preparing a well program to completion of the well. This advancement will streamline planning, increases rig site efficiency, and reduce unplanned non-productive time ("NPT") to generate significant cost savings that can be realized quickly by the well operators. Stig Trydal, managing director of Intellilift added: In short, the JV will provide software solutions combined with automation that are designed to allow operators to further improve the consistency of their operations while reducing drilling costs through more reliable and faster drilling operations. The offering -- that can be applied across all rig classes -- will be comprised of three key applications: InteliPlan, InteliAutomate and InteliAssist, which will create digital well plans that interface with a drilling rig's control system to autonomously execute tasks, greatly expediting the well construction process. Additionally, an integrated real-time monitoring platform will measure downhole progress and evaluate conditions in the well to provide critical, precision-enhancing feedback to the drilling control system. The Inteliwell Suite of Applications InteliPlan: InteliPlan will create a well construction program in both human readable and automatable, machine-readable format. The software will enable engineers to input well design data and generate the well construction program, including rig-specific well construction sequences. For standardization, specific operational practices can be embedded in the InteliPlan logic to ensure these critical practices permeate across all ongoing and future programs. InteliAutomate: InteliAutomate is a digital drilling control system which will automate well construction tasks by sending instructions from the well construction program, created by InteliPlan, to the rig equipment controllers. InteliAutomate receives feedback from such machines to automatically acknowledge completion of tasks and from InteliAssist for validated adjustments. InteliAssist: For operations oversight, InteliAssist will monitor well construction parameters and simultaneously run engineering simulations to allow comparison with real-time observations. The process will allow optimization of ongoing operations, avoid deviations from plan, provides prediction of operational problems, and can identify when human intervention in required. To learn more about Inteliwell, please visit: www.inteliwell.com About Transocean: Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. Transocean specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and operates the highest specification floating offshore drilling fleet in the world. About NEKKAR ASA: Nekkar (OSE: NKR) is an industrial technology group offering impact technologies combined with high-end software solutions. The group combines 50 years' heritage from the world's number one shiplift company, Syncrolift, with new investments into sustainable, digitalised technology businesses that aim to unlock growth within ocean-based industries such as offshore energy and renewables and aquaculture. About Viasat: Viasat is a global communications company that believes everyone and everything in the world can be connected. For more than 35 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people's lives anywhere they are—on the ground, in the air or at sea.

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ENGINEERING TECH

Dover Completes Acquisition of Malema Engineering Corporation

Dover | July 06, 2022

Dover (NYSE: DOV) announced today that it has completed the previously announced acquisition of Malema Engineering Corporation ("Malema"), which will become part of the PSG business unit within Dover's Pumps & Process Solutions segment. About Dover: Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 25,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV."

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Spotlight

The infographic succinctly showcases the status of engineering in India. Seen as a stream that involves the application of creativity, design and innovation; engineers are involved in solving of day to day life’s problems. The infographic highlights the states where the job opportunities are dense like Uttar Pradesh, Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu, and then moves on to give hard hitting facts.

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