Vegam Solutions: the future of smart manufacturing
Founded in 2000, is a global leader in manufacturing transformation and technology solutions. By providing digital factory, industrial internet of things (IoT) and big data and analytics solutions, Vegam Solutions strives to make manufacturing plants smarter and more efficient.
By harnessing digital mapping and simulation of real world processes Vegam Solutions helps manufacturing organisations to minimise costs, enhance safety and allow for new business models based on data.
Industrial internet of things (IoT)
Via Industrial internet of things (IoT) Vegam Solutions can seamlessly integrate IT, data and physical elements in order to ensure manufacturing plants are ready for industry 4.0 allowing for easy communication between systems.
Big data and analytics
Described as a ‘pioneer in industry 4.0’ Vegam Solutions prescriptive analytics with real time and historic data, providing the capability to identify patterns and make informed business decisions.
The benefits of Vegam Solutions transformation and technology solutions
Cost reductions: which help to improve productivity, cycle times and inventory management, as well as reduce losses.
Enhancing quality: allowing data driven quality and the use of analytics and predictive production as well as adherence to SOP.
Competitiveness: providing the capability to make new products faster, develop a future ready plant and flexibility to new business models.
Safety and compliance: enable more transparent operations and just in time training, as well as safer operations and improved process compliance.
Manufacturing transformation and technology solutions
Smart manufacturing execution systems
Known as , Vegam Solutions technology helps to enable Industry 4.0 solutions to develop smarter factories. The technology creates a cyber-physical environment allowing for real time communications between both humans and machines to extend into a virtual world of IoT.
Smart maintenance solutions
By harnessing IoT capabilities Vegam Solutions helps organisations improve machine reliability, increase plant uptime, optimise maintenance process and reduce costs via its maintenance management solution - .
Industrial IoT solutions
The solution provides manufacturing organisations with real time data collection and transmission; anytime and anywhere monitoring capabilities; the ability to make better and more informed decisions; and the ability to analyse and optimise production operations.
Discrete manufacturing solutions
vPromax - an IoT based smart platform for discrete manufacturing. Vegam Solutions platform offers plug and play capabilities for discrete manufacturing lines, providing real-time analysis, overall equipment effectiveness (OEE), process visibility, line status and alerts.
Verizon to sell Yahoo and AOL for $5 Billion to Apollo
US telecoms giant Verizon is selling its media assets, which includes Yahoo and AOL, to Apollo Global Management, a US private equity firm in a deal worth $5bn (£3.6bn). Verizon will retain a 10% stake in the company, which will be known as Yahoo at the close of the transaction and continue to be led by CEO Guru Gowrappan.
According to Verizon this corporate carveout will allow Verizon Media to aggressively pursue growth areas and stands to benefit its employees, advertisers, publishing partners, and nearly 900 million monthly active users worldwide.
“The past two-quarters of double-digit growth have demonstrated our ability to transform our media ecosystem. With Apollo’s sector expertise and strategic insight, Yahoo will be well-positioned to capitalise on market opportunities, media, and transaction experience and continue to grow our full-stack digital advertising platform. This transition will help to accelerate our growth for the long-term success of the company.” Guru Gowrappan, CEO, Verizon Media.
Dominating the internet
Yahoo and AOL once dominated the internet but were subsequently overshadowed by firms like Google and Facebook, instead, they both became giant publishers. Yahoo Sports is a popular destination with sports fans, and Yahoo Finance provides a wealth of information for retail traders. AOL acquired a variety of early media brands, including the Huffington Post (now HuffPost), TechCrunch and Engadget, and several digital ad-tech companies to create a giant platform for advertising. Verizon bought Yahoo in 2017 and AOL in 2015 for a combined $9bn, so are selling at a considerable loss.
“The next iteration requires full investment and the right resources. During the strategic review process, Apollo delivered the strongest vision and strategy for the next phase of Verizon Media. I have full confidence that Yahoo will take off in its new home.” Hans Vestberg, CEO, Verizon.
The sale by Verizon comes after it disposed of blogging platform Tumblr in 2019 and news website HuffPost last year. Under the terms of the agreement, Verizon will receive $4.25 billion in cash and preferred interests of $750 million. The transaction includes the assets of Verizon Media, including its brands and businesses.
The transaction is subject to satisfaction of certain closing conditions and expected to close in the second half of 2021.