Veea and SK E&C create construction safety management system
Veea Inc has entered into a joint development agreement with South Korea’s SK E&C for a construction safety management system based on the Veea Edge Platform.
By combining edge computing, Industrial Internet of Things (IIoT) technologies and artificial intelligence (AI) the joint development agreement can deliver a comprehensive safety management system that provides real-time risk and safety information to site operators and safety managers, the companies say.
"We have been working with our corporate organisation to practice better safety management, which is a core value of corporate management, and to promote digital tools to help prevent accidents. This agreement with Veea will help to establish a stronger and smarter safety platform to prevent onsite accidents,” says Ahn Jae-hyun, CEO of SK E&C.
The dynamic and high-risk nature of construction sites makes it nearly impossible to use wired internet connectivity, he adds, pointing out that VeeaHubTM Smart Edge Nodes, a key element of the Smart Safety Platform, offer wireless and wired mesh networking, IoT and SD-WAN connectivity, including 4G LTE, Wi-Fi, Bluetooth, Zigbee, and LoRaWAN, making deployment and re-deployment in these environments very simple.
The Veea Edge Platform can address the considerable demand for consuming and interacting with data-in-motion, including from live streaming data, in a highly secure manner for a wide range of applications such as Internet of Things (IoT), computer vision, Machine Learning (ML), cognitive computing with AI, Augmented Reality (AR), cybersecurity, micro-transaction processing, wearable communications and other technologies that are now driving the shift away from solely relying on cloud computing to a hybrid model with edge computing.
"SK E&C's Smart Safety Platform initiative is a perfect application for the Veea Edge Platform," says Allen Salmasi, CEO of Veea Inc. "We are thrilled to be working with the SK E&C team in creating a platform which we expect will be well recognised as the pinnacle of safety management system technology.
“The Veea Edge Platform, which extends cloud services to the edge, provides for Multi-access Edge Computing (MEC) with highly differentiated Multi-WAN Secure Access Service Edge (MW-SASE) nodes capable of running a wide range of hybrid edge-cloud applications for offering managed services in many vertical markets such as Smart Cities, Smart Buildings, Smart Energy, Smart Construction, Smart Healthcare, Smart Farming, Smart Retail and many others at the edge."
In a statement, the Veea says that all its VeeaHub models also include an edge server and computational resources to run applications in a secure virtualised environment, with integrated cybersecurity protection and IoT gateway functions. This provides cost-effective, easily deployed, network elements that create a computing and communications mesh with scalability, flexibility and operational simplicity, it explains.
VeeaHubs are also Microsoft Azure Certified for IoT, ensuring customers get IoT solutions up and running quickly through a fully integrated hardware and software platform that has been pre-tested and verified to work with Microsoft Azure IoT services, Salmasi says, pointing out that safety procedures at Smart Construction sites can be realised at much lower costs with significantly higher safety standards to prevent human injury, property damage or other disasters.
To improve the safety performance and automate the safety processes at construction sites, real-time monitoring of construction assets and resources can now be supported by applications running on VeeaHubs with ultra-low latency while minimising the risk of mission critical monitoring and operations being affected as a result of loss of connectivity to cloud services, Salmasi says.
Integrating a real-time monitoring and early warning system at the network edge can increase the construction site safety, prevent disasters, and save lives. A monitoring and early warning system running in containerised applications is capable of collecting enormous amounts of sensory data in real-time, using ML and AI technologies to pre-process the data, and then responding to events rapidly through the early warning and event notification services.
BT and Microsoft unveil strategic partnership
BT and Microsoft have launched a strategic partnership to accelerate innovation across enterprise voice, cyber security and industry-focused services in sectors from digital manufacturing to health.
BT has already been named one of the first development partners for Microsoft Operator Connect and Operator Connect Conferencing. The renewed agreement will allow BT to build on this relationship and offer its own branded global managed voice services directly through Microsoft Teams, with an approach that further enhances customer experience and creates new opportunities for growth.
The strategic partnership will build on BT’s existing portfolio of cyber security services built on Microsoft technology. It will see the companies push forward with the design and launch of a new generation of managed security services to enable and protect the modern collaborative workplace. BT will work closely with Microsoft to develop distinct security propositions to defend customers’ operations across the cloud as well as its own IT estate.
Sustainability and collaboration on digital skills are integral to the partnership. BT and Microsoft will work together on further enhancing sustainability credentials within their supply chains and join forces on promoting digital skills in the communities.
“BT and Microsoft are at the forefront of innovation in global digital platforms and connectivity that will take technology and communication beyond limits,” said Bas Burger, CEO of Global at BT and executive sponsor of BT’s partnership with Microsoft. “This partnership will ensure all of Microsoft’s solutions work ‘Best on BT’ and support both companies’ commitments to improving digital skills in the community.”
Omar Abbosh, corporate vice president of industry solutions at Microsoft, said: “BT can use Microsoft’s cutting-edge tools to develop new communications services that meet the needs and demands of today’s customers. By aligning our visions for communication, connectivity, security and digital technology, Microsoft and BT will support real growth for businesses across the world.”
Microsoft's vision is to transform construction and built environment businesses with design innovation, a supply chain you can control, and a connected, safer, more productive workforce.
Microsoft recently unveiled strong results for the quarter ending June 30:
- Revenue totalled $46.2 billion, up 21%
- Operating income was $19.1 billion, up 42%
- Net income was $16.5 billion, up 47%
- Diluted earnings per share was $2.17, up 49%
For the year, revenues totalled $168.1 billion (up 18%), operating income hit $69.9 billion (up 32%), net income was $61.3 billion GAAP and $60.7 billion non-GAAP, and increased 38% and 37%, respectively.
“We are innovating across the technology stack to help organizations drive new levels of tech intensity across their business,” said Satya Nadella, chairman and chief executive officer of Microsoft. “Our results show that when we execute well and meet customers’ needs in differentiated ways in large and growing markets, we generate growth, as we’ve seen in our commercial cloud – and in new franchises we’ve built, including gaming, security, and LinkedIn, all of which surpassed $10 billion in annual revenue over the past three years.”
In a trading update last month, BT reported profit after tax £2m, down £446m, due to a "one-off tax charge in the quarter to reflect the remeasurement of deferred tax balances following the enactment of the new UK corporation tax rate of 25% from April 2023".