{"id":18740,"date":"2021-11-11T01:00:00","date_gmt":"2021-11-11T01:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/11\/11\/johnson-electric-cortica-establish-new-joint-venture-lean-ai-to-bring-revolutionary-quality-inspection-to-manufacturing\/"},"modified":"2021-11-11T01:00:00","modified_gmt":"2021-11-11T01:00:00","slug":"johnson-electric-cortica-establish-new-joint-venture-lean-ai-to-bring-revolutionary-quality-inspection-to-manufacturing","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/11\/11\/johnson-electric-cortica-establish-new-joint-venture-lean-ai-to-bring-revolutionary-quality-inspection-to-manufacturing\/","title":{"rendered":"Johnson Electric &#038; Cortica Establish New Joint Venture Lean AI to Bring Revolutionary Quality Inspection to Manufacturing"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>TEL AVIV, ISRAEL \/&#13;<br \/>\nHONG KONG SAR &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach<\/a>\u00a0&#8211; 11 November 2021<i> &#8211;<b> <\/b><\/i><sdt sdttag=\"goog_rdk_7\" id=\"-219129008\">Johnson Electric Group and Cortica Group have&#13;<br \/>\n established a joint venture to build an Autonomous Inspection System set to&#13;<br \/>\n revolutionize the Quality Inspection Market. <b>Lean AI<\/b> is a game-changing startup that will leverage Johnson&#13;<br \/>\n Electric&#8217;s vast knowledge and experience in manufacturing processes and Cortica&#8217;s&#13;<br \/>\n unique Autonomous AI Technology in&#13;<br \/>\n order to revolutionize the visual inspection market. <\/sdt><\/p>\n<p><sdt sdttag=\"goog_rdk_10\" id=\"1946646951\"><sdtpr\/><sdt sdttag=\"goog_rdk_9\" id=\"1097907692\"\/><\/p>\n<p>\u00a0<sdtpr\/><\/p>\n<p>&#13; <\/p>\n<p>Today, supervised Deep Learning-Based Quality Assurance&#13;<br \/>\n  Systems can take weeks, up to months, to deploy. The existing systems are&#13;<br \/>\n  reliant on a data scientist or AI experts and require large manually tagged&#13;<br \/>\n  training sets with thousands of defect image examples.&#13;<br \/>\n  Requiring\u00a0constant maintenance and re-training for the slightest&#13;<br \/>\n  variations, the system is unable to adapt to defects, new products, and new cameras.&#13;\n  <\/p>\n<p>&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13; <\/p>\n<p><b>Lean AI<\/b>&#8216;s technology surpasses&#13;<br \/>\n  existing challenges of prevalent supervised Deep Learning-Based Quality&#13;<br \/>\n  Assurance Systems with the power of unsupervised learning to process&#13;<br \/>\n  information within a fraction of a second, utilizes\u00a0unlabeled data,&#13;<br \/>\n  applies predictive quality assurance, and compiles data that increases the&#13;<br \/>\n  speed of deployment and scaling. As an open platform agnostic to camera,&#13;<br \/>\n  defect type and product, <b>Lean AI<\/b> can&#13;<br \/>\n  collaborate with any integrators, OEMs, and manufacturers of automation&#13;<br \/>\n  solutions.<\/p>\n<p>&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13; <\/p>\n<p><sdt sdttag=\"goog_rdk_34\" id=\"809057373\"><sdt sdttag=\"goog_rdk_33\" id=\"440889079\"\/><\/sdt>&#8220;With&#13;<br \/>\n  the power of Cortica&#8217;s Autonomous AI technology, and JE&#8217;s vast knowledge of&#13;<br \/>\n  the market, <b>Lean AI<\/b> will deliver a&#13;<br \/>\n  product that reduces the cost of human error when it comes to quality&#13;<br \/>\n  inspection in manufacturing and address the vulnerabilities in the current&#13;<br \/>\n  market,&#8221; said Karina Odinaev, CEO of <b>Lean&#13;<br \/>\n  AI<\/b>.<\/p>\n<p>&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n <\/sdt><sdt sdttag=\"goog_rdk_22\" id=\"254328487\"><\/p>\n<p>&#8220;Johnson Electric is very&#13;<br \/>\n excited to announce this new joint venture with Cortica. We are fully aware of&#13;<br \/>\n the fundamental challenges accompanying the deployment of AI-based quality&#13;<br \/>\n assurance software in the production environment, especially in terms of speed&#13;<br \/>\n of deployment and reliability over time,&#8221; said Austin Wang, Senior Vice&#13;<br \/>\n President of Johnson Electric. &#8220;Cortica&#8217;s Autonomous AI technology can address&#13;<br \/>\n a lot of these major headaches and allow for much faster and broader adoption.&#8221;<sdtpr\/><\/p>\n<p>&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n <sdt sdttag=\"goog_rdk_42\" id=\"-1300297909\"><sdtpr\/><sdt sdttag=\"goog_rdk_41\" id=\"1487971773\"\/><\/p>\n<p>&#8220;Cortica has developed self-learning AI that is&#13;<br \/>\n   fundamentally different from traditional deep learning systems. Autonomous&#13;<br \/>\n   AI Technology operates like a human brain &#8211; it&#8217;s not a fixed system;&#13;<br \/>\n   instead, it continuously adapts itself to various scenarios and learns&#13;<br \/>\n   online in real-time. Its technology requires far less computing power, can&#13;<br \/>\n   be deployed at a fraction of the cost, and provides far superior performance&#13;<br \/>\n   outcomes,&#8221; said Igal Raichelgauz, Founder and Chairman of Cortica. &#8220;Our&#13;<br \/>\n   technology is robust and generic and applicable within a multitude of signal&#13;<br \/>\n   domains such as visual, audio, time series and other domains; visual&#13;<br \/>\n   inspection is only the beginning. Autonomous AI technology is quickly&#13;<br \/>\n   becoming the benchmark for the industry.&#8221;<sdtpr\/><\/p>\n<p>&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13; <\/p>\n<p><sdt sdttag=\"goog_rdk_44\" id=\"-458038212\"><sdt sdttag=\"goog_rdk_19\" id=\"617575522\">The global machine&#13;<br \/>\n     vision market is currently valued at US$11 billion and is forecast to&#13;<br \/>\n     increase to US$15.5 billion by 2026. As these numbers continue to grow and&#13;<br \/>\n     AI technology advances, the opportunity for machine vision solutions to&#13;<br \/>\n     positively aid in manufacturers&#8217; earning potential with a reduction in&#13;<br \/>\n     defects gives way for a new system that will fundamentally change the&#13;<br \/>\n     industry&#8217;s approach to quality assurance.\u00a0&#13;<br \/>\n     <\/sdt><\/sdt><\/p>\n<p>&#13;<br \/>\n  <\/sdt><\/sdt><sdt showingplchdr=\"t\" sdttag=\"goog_rdk_26\" id=\"241608285\"><\/p>\n<p>\u00a0\u00a0\u00a0\u00a0 <sdtpr\/><\/p>\n<p>&#13;<br \/>\n<\/sdt><\/p>\n<p>Further commenting on the&#13;<br \/>\nformation of <b>Lean AI<\/b>, Austin Wang&#13;<br \/>\nsaid: &#8220;Johnson Electric&#8217;s deep experience in a wide range of manufacturing&#13;<br \/>\nprocesses offers a unique platform for developing this technology for&#13;<br \/>\ncommercial use. The joint venture is also opening a new avenue for Johnson&#13;<br \/>\nElectric to develop and market software offerings. It is therefore both a&#13;<br \/>\ntechnological as well as business model innovation for us. There are also&#13;<br \/>\nopportunities to apply the technology in predictive quality and expert systems&#13;<br \/>\nas well. This is the second investment of Johnson Electric&#13;<br \/>\nin Israeli technology and we will continue to assess such relevant&#13;<br \/>\nopportunities.&#8221;<\/p>\n<p>\u00a0<\/p>\n<p>Read more about what revolutionary technology <b>Lean AI<\/b> is bringing to the quality&#13;<br \/>\ninspection space: <a href=\"https:\/\/lean-ai-tech.com\/\">https:\/\/lean-ai-tech.com\/<\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-11-11\/104162\/johnson-electric-cortica-establish-new-joint-venture-lean-ai-to-bring-revolutionary-quality-inspection-to-manufacturing\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TEL AVIV, ISRAEL \/&#13; HONG KONG SAR &#8211;\u00a0Media OutReach\u00a0&#8211; 11 November 2021 &#8211; Johnson Electric Group and Cortica Group have&#13; established a joint venture to build an Autonomous Inspection System set to&#13; revolutionize the Quality Inspection Market. Lean AI is a game-changing startup that will leverage Johnson&#13; Electric&#8217;s vast knowledge and experience in manufacturing processes &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/18740"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=18740"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/18740\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=18740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=18740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=18740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}