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If software ate the world, models will run it! “In the hunt for competitive advantage, model-driven companies will accelerate away from the pack now that software has become ubiquitous.”, says Steven A. Cohen and Matthew W. Granade in this WSJ commentary.

At this year’s IFAT (14–18 May 2018 in Munich, Germany), Endress+Hauser will be presenting its portfolio under the motto “Water is life”. With a thorough understanding of the requirements of the water & wastewater industry, the experts for process automation will be on hand to introduce visitors to the company’s range of resource-saving, leading-edge solutions…

Prices are seen in a range that could benefit the U.S. economy by bolstering the recovering energy industry without curtailing demand. Oil prices are headed toward $70 a barrel, a weight on the U.S. economy that is bearable for now but could pose trouble if prices keep climbing. The last time U.S. oil prices were…

New tax rules are hastening automation and modernizing in U.S. factories by giving manufacturers an incentive to buy machinery and boost productivity in a tight labor market. For the next five years, the revised tax code allows companies to immediately deduct the entire cost of equipment purchases from their taxable income. Previously, companies generally were…

Saudi Arabia is hunting for an energy deal in American shale country, as economic upheaval pushes it to seek its first international oil-and-gas production investments. Saudi Arabian Oil Co., known as Aramco, has had initial conversations about taking a stake in Tellurian Inc., a liquefied-natural-gas developer based in Houston, or agreeing to buy some of…

The flowmeter technology of the future is here now! Proline 300/500 – For lasting higher levels of safety, product quality, and availability Introducing Proline 300/500, a family of industry optimized “smart” Coriolis mass and electromagnetic flow instruments that simplify installation, speed commissioning, and streamline both operation and maintenance activities.

Uber Technologies Inc. and other pioneers of the so-called gig economy became some of the world’s most valuable private companies by using apps and algorithms to hand out tasks to an army of self-employed workers. Now, established companies like Royal Dutch Shell PLC and General Electric Co. are adopting elements of that model for the…