Trustnet Magazine 60 March 2020 | Page 16

Advertorial feature [ BAILLIE GIFFORD ] 16 / 17 The next generation of computing is driving a new paradigm shift today, helping to completely reinvent traditional industrial processes that have been commonplace since the 1800s over for traditional manufacturing- based businesses. While the insatiable demand for physical goods continues, traditional industry will remain a mainstay of the global economy, albeit a smaller part than previously. In the past, economies of scale were the friend of the manufacturer. However, these economies of scale would eventually hit a limit, requiring a fundamental paradigm shift in the system’s design in order to grow beyond that inflection point. The next generation of computing is driving a new paradigm shift today, helping to completely reinvent traditional industrial processes that have been commonplace since the 1800s. Several of the companies in the Scottish Mortgage portfolio are at the forefront of this evolution. One example is Uptake Technologies, which sells predictive analytics software to customers in major TRUSTNET industries across the globe. Founded in 2014 by entrepreneur Brad Keywell, the US-based company uses data and applies machine learning to help customers improve the productivity, reliability and safety of large machinery, such as trains, trucks, and wind turbines. Data collected from sensors are fed into Uptake’s algorithms and analysed to predict faults and suggest improvements. Uptake has a huge opportunity to add value for large physical asset owners, many of whom operate in industries which haven’t seen significant innovation since the industrial revolution. Large companies have been quick to understand the possibilities, with Caterpillar and Berkshire Hathaway Energy already valued customers. The 3D printing industry has got off to a less auspicious start, with the trustnet.com