Toyota, Hitachi Team Up on Internet of Things
Toyota Motor Corp. and Hitachi Ltd. plan to jointly create a new production system based on an Internet of Things (IoT) platform.
The platform will use Hitachi’s “Lumada” IoT software, which the partners say leverages artificial intelligence and big data analysis. Verification will be done at Toyota’s so-called model plants in Japan starting this month.
Connecting various devices and processes, the new platform aims to collect, analyze and share data throughout a manufacturing facility. Toyota and Hitachi say this will allow them to quickly and continuously make quality and productivity improvements.
It’s called “MONET Technologies Corporation” and it is a joint venture company that is focused on “new mobility services,” a.k.a., “Mobility as a Service” (MaaS), services that will be initially rolled out in Japan starting in the next decade, including autonomous services.
Bosch, the supplier that is probably most familiar to people in the auto industry for its products including antilock braking systems and fuel injectors, is entering the ridesharing business.
The latest wave of manufacturing execution systems takes advantage of the Internet of Things, leading to simpler and faster implementations and truly real-time data analysis, decision-making, and problem resolution.