- In April 2024, Rockwell Automation, Inc. announced its collaboration with Ericsson to showcase Plex Asset Performance Management (APM) at the Hannover Messe 2024 trade fair. This system, powered by industrial private 5G connectivity, enhances real-time decision-making and facilitates the management of emerging assets such as Autonomous Mobile Robots (AMRs). The adoption of private 5G technology enables manufacturers to improve flexibility, agility, and sustainability, while expanding device connectivity and intelligence within industrial networks
- In October 2023, HSBC Private Banking introduced a new suite of digital tools aimed at streamlining client onboarding processes. These tools leverage automation and artificial intelligence (AI) to reduce onboarding time, improve regulatory compliance, and enhance service quality for high-net-worth clients, aligning with the evolving expectations of affluent clientele
- In August 2023, UBS Group AG expanded its wealth management services with the acquisition of a sustainable investment solutions boutique. This move allows UBS to integrate stewardship and ESG-focused investment strategies into its offerings, reinforcing its leadership in the sustainable wealth management market
- In December 2023, Siemens AG completed the acquisition of BuntPlanet, a Spain-based technology company specializing in smart metering, asset management, and water quality monitoring. Since 2019, Siemens AG had a licensing agreement with BuntPlanet to market SIWA LeakPlus, a leakage detection software. This acquisition integrates BuntPlanet’s entire software suite into Siemens AG’s application portfolio, strengthening its offerings for water utilities with AI-driven solutions
- In November 2023, ABB introduced ABB Ability SmartMaster, an advanced Asset Performance Management (APM) platform designed for real-time verification and condition monitoring of instrumentation and field devices across industries such as water, wastewater, oil & gas, and chemicals. The system collects, analyzes, and validates diagnostic data remotely, ensuring seamless operations without disrupting ongoing measurement processes
