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RAILWAY AGE, FEBRUARY 2021 ISSUE: Industry 4.0 (also known as the Fourth Industrial Revolution) was formalized by the World Economic Forum in 2016. Industry 4.0 uses automation and data exchange in processes and technologies that include IIoT (Industrial Internet of Things), cloud computing, and AI (artificial intelligence) for implementation. Corporations worldwide, including railroads and their partners in the transportation supply chain, are at the beginning of their journey for establishing true end-to-end digital continuity. Railroading is embarking in IIoT (for example, Positive Train ...

In a world where almost every person has a smartphone, mobile applications have become something very trivial. Today, it’s hard to imagine a person who

Virtual social network IMVU raises $35M from China’s NetEase and others The line between social networking and gaming is increasingly blurring, and internet incumbents are taking notice. NetEase, the second-largest gaming company in China (behind Tencent), is among a group of investors who just backed IMVU, an avatar-focused social network operating out of California. Menlo Park-based Structural Capital among other institutions that also joined in the strategic round totaling $35 million. IMVU has raised more than $77 million from five rounds since it was co-founded by “The Lean Startup�...

Defense Department/Lisa Ferdinando The Pentagon is heavily reliant on software, using it to perform day-to-day business operations and employing complex weapons systems on the battlefield. But new and emerging challenges, demanded that the Defense Department become significantly more agile and responsive in its ability to leverage software. Ellen Lord, undersecretary of defense for acquisition and sustainment since August 2017, recounts the transformation she oversaw in the department's approach to software and describes what must still be done for the military t...

Innovation Hubs OK Catalyst Programs Honored by U.S. Small Business Administration January 14, 2021 The U.S. Small Business Administration is recognizing the Oklahoma Catalyst Programs (OK Catalyst), based at the University of Oklahoma’s Tom Love Innovation Hub (I-Hub), and Executive Director Tom Wavering with two prestigious 2020 Tibbetts Awards. OU is the first university in the nation to receive two Tibbetts Awards in the same year. The Tibbetts Awards are presented annually to small businesses, organizations and individuals who exemplify the spirit and intent of the Small Business Innov...