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African Petrochemicals is Africa’s leading bi-monthly print and digital trade magazine featuring all the latest petrochemical industry news, special reports, technological advances etc.

The real and virtual worlds are integrating at a steadily increased pace, the Internet of Things is pushing the evolutionary journey towards the fourth industrial revolution with various far-reaching consequences.

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Rockwell Automation Invests in Artificial Intelligence (AI) for Industrial Automation

Rockwell Automation recently announced its investment in The Hive, a Silicon Valley innovation fund and co-creation studio, to gain access to an ecosystem of innovators and technology startups with a focus on applications of artificial intelligence (AI) to industrial automation.

Rockwell Automation goals include co-creating to solve customer problems, accelerating innovation and identifying new emerging technologies that can help its manufacturing customers improve business performance by bridging the gaps between plant-floor and higher-level information systems.

“Smart manufacturing requires the use of new and disruptive technologies such as AI to create the future industrial plants and supply networks that are flexible, efficient, responsive and secure. AI can help manufacturers unlock data, contextualise it and take action,” explains Christo Buys, Business Manager – Control Systems, Rockwell Automation Sub-Saharan Africa. “We continue to create partnerships with leading innovators, such as this one with The Hive, to further advance The Connected Enterprise, our vision for realising unprecedented industrial productivity from the integration of plant and enterprise operations.”

“Rockwell Automation’s investment in The Hive will provide it with earlier visibility to AI technology from companies fostered by The Hive’s technology team,” says T.M. Ravi, managing director and co-founder of The Hive. “These include AI-powered applications for the cognitive enterprise, edge intelligence, security, and smart machines.”

The Hive, based in Palo Alto, Calif., identifies new AI based opportunities with great growth potential, and based on these opportunities co-creates, funds, and launches startups with substantial operational and technology support.

About Rockwell Automation

Rockwell Automation Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and information, makes its customers more productive and the world more sustainable. Headquartered in Milwaukee, Wis., Rockwell Automation employs approximately 22,000 people, serving customers in more than 80 countries.

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