JULY 20259 Collaboration and Open InnovationAs a supplier of the automotive and industrial sectors for more than 75 years, we understand that it is only through collaboration and strong partnerships that we can expand the state of new technologies and transfer these insights to our business. One way we are doing this is through our open innovation model, where we partner with academia for research and knowledge transfer and start-ups to bring vital innovation to our business.On the academic partnerships front, we established the Schaeffler Hub for Advanced Research (SHARE) network in 2013, with leading universities worldwide ­ in Europe, Asia/Pacific, China, and America ­ where we partner with university scientists, postgraduate and undergraduate students to bring innovative insights that can transform and shape the world of mobility and motion. For instance, our SHARE at Nanyang Technological University (NTU) lab in Singapore focuses on industrial applications of AI and robotics and was recently awarded the Innovation in Hardware Award for its GraviKart robotic push trolly solution at the International Conference on Social Robotics (ICSR) 2021. Similarly, in other SHARE facilities, we are leveraging AI to support our research and development work in areas such as electric and automated mobility, interurban mobility, battery technology solutions, and digitalization through data-driven modelling and embedded AI systems. Using intelligent systems and components to provide listening, speaking, and visual recognition capabilities for effective communication between employees and robots, GraviKart is part of our efforts to reimagine shopfloor operations that better support shopfloor employees with their tasks and productivity. On the other hand, we partner with networks such as Plug and Play to connect with some of the brightest start-ups globally. The partnerships allow us to bring in external perspectives that broaden our knowledge regarding new technologies and processes, which enable us to develop new competencies that generate the highest value for our customers.Additionally, we have joined an incorporated society with eleven other partners in Germany to foster real-life applications in the field of artificial intelligence for the associated development of ethical and regulatory frameworks for Germany and the rest of Europe.ConclusionAs advancements in artificial intelligence continue to evolve, so will expectations and acceptance of the technology. Companies should thus start to embark on a strategic, comprehensive long-term plan to integrate these technologies while ensuring openness to new forms of thinking through collaboration to unlock the maximum value of these opportunities. FROM TRANSPORTATION TO MANUFACTURING AND PRODUCTION PROCESSES, THE ADVANCEMENT OF AI HAS LED TO PROFOUND CHANGES IN THE WORLD OF MOBILITY AND MOTION
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