AI and Social Networking Capabilities to Transform Traditional Asset Management

RedBite Solutions has secured Innovate UK funding for £1 million project to transform its asset tracking software 'itemit'. Fueled by transparency and openness, itemit will leverage advanced AI and machine learning algorithms to create a social network-style approach to asset management.

Recent, tragic, events in social housing have highlighted the need for change in the way assets that are owned, managed and used by different parties are monitored and maintained. Asset end-users, such as housing tenants should have access to up-to-date and accurate information on asset maintenance and inspection schedules. All relevant feedback, reports and concerns from end-users should be valued and used to enhance and inform asset management decision-making.

"The Grenfell Tower tragedy highlights the need for a drastic change in the way assets that are owned, managed and used by different parties are maintained and monitored. As evidenced in the Tower's fire risk assessment report, the condition of critical assets was directly linked to the extent of the tragedy. Our aim is to empower members of our society at a very poignant time to engage with a transparent and trustworthy change that addresses pertinent concerns that are shared by so many," said RedBite Solutions CEO, Dr. Alex Wong.

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The project team will work towards creating a user-centred digital asset management solution that provides transparency to asset end-users about the assets they rely upon and interact with as well as working to ensure incoming data from maintenance contractors and end-users is analysed and incorporated into decision-making. The itemit asset management solution proposed is unique in that all parties with an interest in an asset will be using the same integrated system to engage with assets.

"The output from this project is an innovative, digital platform for all asset stakeholders that incorporates new algorithms developed together with CUED. Two public reference sites, in the social housing and university markets, will be created by the project. These combined innovations are disruptive in that, for the first time in the infrastructure industry, users are given the opportunity to provide actionable input to asset managers," said Dr Ajith Parlikad, Senior Lecturer in Industrial Systems at the Institute for Manufacturing (IfM) and CSIC Investigator.

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Artificial Intelligence and machine learning algorithms will be developed to interpret the data received from all parties in order to compute a condition assessment score, determine appropriate intervention actions and develop a decision-support system for asset management. The result will be enhanced decision-making based on the value of infrastructural assets to tenants, asset usage and feedback from end-users.

iPhone cable that fits on your keychain

How many times have you found yourself in a situation where your iPhone is running out of power, but you can’t charge it because you don’t have a charger on you.

It happened to me most recently just last week when I was in an airport and my charger was packed in a bag that I had checked. If I had an inCharge Ultra Portable Charging Lightning Cable Key Chain in my pocket, I could have easily connected to any of the hundreds of open USB ports under the seats in the airport to recharge. Instead, my phone died on the plane.

Here are some more details from the product page:

Never be caught without a charging cable ever again
Using magnets, the inCharge cable is 1.5″ when folded making it ultra portable
Carry it on your keychain so you can always have it on hand
Easy to use and a great pair with external battery packs
Comes in 9 different colors, choose your favorite!


:: Key Chain Product Information

Baby food company Mead Johnson ties up Chinese e-commerce deal

Mead Johnson, the US infant nutrition company owned by consumer goods giant Reckitt Benckiser, has linked up with Chinese e-commerce giant JD.com.

The Chinese company said the plan is to create a market strategy to bring a wider range of infant formulas to emerging urban areas.

JD.com said it is a response to the shift in consumption habits of Chinese consumers for maternal and baby products to focus on product quality and suggested the collaboration will make it easier for maternal and baby store owners in China's growing smaller cities to supply their consumers with infant formula from Mead Johnson Nutrition's brands.

To facilitate this, JD.com has developed a mobile internet programme through which store owners can place orders for Mead Johnson products. Maternal and baby goods will be delivered within 48 hours directly from JD's warehouses via the company's in-house nationwide logistics network.

It said the 'vertical integration' will significantly shorten the delivery lead time and help store owners better manage their inventory.

Enda Ryan, CEO of Mead Johnson's operations in Greater China, said: "With the help of JD's innovative smart supply chain and in-house logistics resources, a greater number of consumers in China's emerging urban areas will have more reliable access to our high-quality products.


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Mariano launch of epilepsy coffee campaign

Miguel Cervantes, who plays Alexander Hamilton in the Chicago production of the hit musical, will perform live at Mariano’s in Lakeview from 11 a.m. until noon. The performance marks the launch of a coffee blend created in honor of his daughter, Adelaide, who is fighting childhood epilepsy.

Cervantes and his wife Kelly initiated the #MyShotAtEpilespy campaign to raise awareness about epilepsy, referencing the song “My Shot” from the play.

Fairgrounds Coffee & Tea owner Michael Schultz, moved by the family’s story, wanted to support their cause. Adelaide’s Blend by Fairgrounds is made with Brazilian, Colombian and Honduran coffee beans with flavor notes of chocolate, black cherry and marshmallow.

It is now available fresh roasted, whole bean and ground, online at Javaya, at all Fairgrounds locations and 41 Mariano’s stores across Chicagoland. Twenty percent of Adelaide’s Blend sales will be donated to Citizens United for Research in Epilepsy (CURE).

“At Mariano’s we are committed to local partnerships, products and causes. We are excited to partner with Fairgrounds and the Cervantes family, and look forward to raising funds for CURE,” said Mariano’s vice president Donald Fitzgerald in a statement.

This month, the Tribune's Food & Dining team is diving into bar culture, exploring dive bars, neighborhood bars, wine bars, new cocktail spots and even bar food. We'll be checking in with storied bartenders and owners, trying drinks, even recommending best times to visit and get a sense of local flavor.


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