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SPS 2026: Phoenix Contact to showcase smart automation solutions for the industry of the future

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BLOMBERG, Germany, Oct. 12, 2026 /PRNewswire/ — Phoenix Contact will be showcasing the latest technologies for a digital and future-viable industry at SPS 2026, which will take place from November 24 to November 26, 2026, in Nuremberg, Germany. The focus in Hall 9, Booth 310, will be on developments in the areas of industrial AI, PLCnext Technology, cybersecurity, and field and control cabinet automation.

The central element of the trade show booth will be a conveyor belt application. Its role is to transport water bottles on workpiece carriers so that the bottles can be filled immediately with water. The conveyor belt is automated using Phoenix Contact’s entire product portfolio for control cabinet and field installations. For the field level in particular, there are numerous new products, including power supplies, device protection, and motor starters with IO-Link interfaces.

The technology section of the trade show booth will focus on the open PLCnext Technology automation platform. Virtual PLCnext Control is the ideal software-based solution for any operators wanting to decouple automation functions from the hardware. It can run on existing industrial PCs, edge devices, and server infrastructure. Security routers provide comprehensive protection for machines and systems in accordance with the CRA and the Machinery Regulation. In addition, all products will be made available in a CRA-ready format by the deadline. Industrial AI is integrated throughout the entire value chain – from planning and commissioning using the PLCnext Engineer engineering tool, through operation with the MLnext software package, and maintenance with diagnostic capabilities via the MCP interface.

Furthermore, Phoenix Contact is the ideal partner for control cabinet building, taking a holistic approach to the entire process and providing comprehensive support. From engineering through to final assembly, our experts provide support throughout the entire process. These solutions connect engineering, procurement, assembly, marking, wire preparation, and wiring to form a single, end-to-end process. This results in streamlined processes, optimized interfaces, and greater efficiency throughout the value chain.

Alongside the technologies on display, Phoenix Contact will be providing guided tours of its booth at SPS 2026. Participants will gain in-depth insights into selected technologies, practical applications, and future concepts. An informative stage program will highlight a range of subjects including AI, virtualization, cybersecurity (featuring a live hacking demonstration), Power Reliability, and Push-X technology. And, naturally, the experts at Phoenix Contact are looking forward to one-on-one discussions regarding the current challenges and opportunities facing the industry of tomorrow.

 

 

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SOURCE Phoenix Contact

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JK Tech Names Mahesh Ramakrishnan as New Chief Technology Officer

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BENGALURU, India and NOIDA, India, Oct. 12, 2026 /PRNewswire/ — JK Tech, a specialist AI and data solutions provider, has announced the appointment of Mahesh Ramakrishnan as Chief Technology Officer (CTO). The appointment reinforces JK Tech’s commitment to building a future-ready technology organization and accelerating innovation as enterprises move from digital and AI experimentation toward scaled, business-led transformation.

Mahesh brings 26 years of experience across software, product engineering, technology strategy, and emerging technologies. He founded Tataatsu Idealabs and led it for 13+ years, building the natural language processing products CollabLayer and Seer, years before large language models went mainstream. Earlier, he was Global Head of Sell-Side Research Products at Thomson Reuters. At Capco, as Principal Consultant, he headed the Compose product business through its sale to Thomson Reuters. At JK Tech, he is leading JIVA’s move from retrieval to reasoning: agents that work across an enterprise’s structured and unstructured knowledge to solve multi-step business problems.

As CTO, Mahesh will lead the development and execution of JK Tech’s technology vision for its next phase of growth, with a central focus on integrating and scaling JK Tech’s three flagship platforms- JIVA, Ontologos, and Orbiee, into a single, connected technology fabric. His mandate will span strengthening technology foundations, advancing the company’s platforms and solutions, fostering engineering excellence, and building differentiated capabilities that address evolving enterprise needs. Under his leadership, JIVA’s Gen AI orchestration, Ontologos’ semantic and ontology-driven intelligence, and engineering capabilities will converge with Orbiee to create a unified, hyper-personalized ecosystem, bringing intelligence, orchestration, and engineering together to deliver differentiated, outcome-driven experiences for clients.

Sameer Nagpal, President & CEO, JK Tech, said, “Technology is central to JK Tech’s ambition and to the value we create for our clients. Mahesh brings the experience, product mindset, and breadth of technology perspective needed to shape our next phase of innovation. His leadership will help us strengthen our technology foundations, accelerate our capabilities, and translate our vision into solutions that create meaningful business impact.”

Talking about his new role, Mahesh Ramakrishnan said, “I see an opportunity to build on JK Tech’s strong technology and domain capabilities and create a clear, cohesive technology vision, one that delivers lasting, measurable ROI for our clients. Most enterprises already hold the answers to their own questions. Those answers sit across databases, documents, mail and decades of code, and getting at one still means waiting for an analyst to build a report. We want to shorten that path, so that people in the business can ask a question and get an answer drawn from both structured and unstructured data. That depends on doing the groundwork on the data properly, and it is where much of our effort is going. JIVA is the platform for it. The knowledge graphs we extract give our agents the meaning behind the data, and with that they can reason through a problem across many sources. We will build it with domain-specific agentic workflows and small language models that run inside a client’s own environment, so their data stays with them and each answer costs less. The same capability lets us read legacy enterprise code and recover the business rules buried in it, often the slowest and riskiest part of any modernization.”

As part of this vision, JK Tech will embed AI into everyday operations across every department, becoming an AI-first organization.

 

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Global business leaders share ideas on AI-driven growth in Shanghai

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SHANGHAI, Oct. 12, 2026 /PRNewswire/ — A news report from english.shanghai.gov.cn

Shanghai should better leverage artificial intelligence to integrate services with manufacturing and consumption and nurture more growth engines, experts and executives from leading multinational companies said.

The comments were made during the 38th meeting of the International Business Leaders’ Advisory Council for the Mayor of Shanghai, held on Oct 11 under the theme of promoting innovation-driven development of the service sector.

Initiated in 1989, the IBLAC has grown into a think tank for Shanghai mayors, with 42 multinational executives from 14 countries attending this year’s edition.

Shanghai has a unique advantage to better leverage technology thanks to its strong industrial base, its close ties with the rest of the Yangtze River Delta region and a mature service industry, Mohamed Kande, global chairman of PwC, said.

He suggested Shanghai connect technologies, research and capital with international service providers to address real-economy challenges.

Sir Martin Sorrell, founder and executive chairman of S4 Capital and former chairman of IBLAC, said that Shanghai is becoming a testing ground for global AI governance and the intelligent transformation of the services sector.

For the global service sector, AI has seen its role transitioning from an efficiency tool to a “value-chain restructurer”. Shanghai should thus further align with international rules, facilitate data flow, open up more application scenarios, build up a more talent-friendly ecosystem and seek international coordination to make it a global innovation hub for AI-empowered services, he suggested.

Applauding Shanghai’s strong manufacturing foundation as well as a rich pool of AI companies, professional service providers, multinational companies and long-term capital, Zhang Lei, founder and chairman of Hillhouse Investment, said that the city should attach greater importance to the real deployment of AI.

More key scenarios that affect companies’ operations should be opened up. Shanghai should also cultivate a group of forward-deployed engineers and professional service enterprises that understand both AI and industries. In this way, more AI applications and service capabilities successfully tested in the Chinese market can go global from Shanghai, he said.

According to Gary S. Guthart, executive chair of the board of directors at Intuitive Surgical, combining high-quality medical data with AI and robotics can create new frontiers in medical care. Shanghai has unique advantages for such transformation by piloting the development of high-quality datasets for robot-assisted surgeries, experimenting with new approaches for secure medical data sharing, and building a “Shanghai model” for the responsible use of medical data that can be replicated nationwide.

Jean-Paul Agon, chairman of L’Oreal Group, believed that AI can provide consumers with tailor-made products by connecting the online and offline shopping experiences. He added that Shanghai should improve its business ecosystem to become a hub connecting global innovation rules.

Click the link below to read the original article:
https://english.shanghai.gov.cn/en-IBLACShanghai2026/20261012/b3f93e5579ea4b78b499289a9cfe2f11.html

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SOURCE english.shanghai.gov.cn

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AICPA & CIMA ENGAGE Asia Conference 2026 to Make Its Shanghai Debut This November

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50 leading global voices set to update delegates on the forces transforming business, finance and accounting on what’s to come

SHANGHAI, Oct. 12, 2026 /PRNewswire/ — AICPA & CIMA, together as the Association of International Certified Professional Accountants, will bring its flagship ENGAGE Asia Conference to Shanghai for the first time, convening 50 global thought leaders, CEOs, CFOs, investors, bankers, technology pioneers and finance professionals to explore the forces reshaping business, finance and accounting.

Taking place on 10-11 November 2026 at Shanghai Tower, China’s tallest building, ENGAGE Asia 2026 will be held under the theme “The Next Wave: Transformative Innovation.” As AICPA & CIMA’s premier event in Asia, the conference will bring together leading voices from business, finance, technology and academia across Asia, Africa, Europe and North America to explore the trends redefining growth, leadership and competitiveness in a rapidly evolving global landscape.

The conference comes at a pivotal moment as Asia continues to strengthen its role as a driver of global growth, innovation and investment. Bringing ENGAGE Asia to Shanghai for the first time reflects the city’s growing importance as a global business and financial hub, while providing a platform for leaders to exchange ideas, build connections and shape the future of business and finance.

Among the headline speakers is renowned futurist and bestselling author Kevin Kelly, alongside the global leadership team of AICPA & CIMA, including its Chief Executive Officer Mark Koziel. They will be joined by an exceptional roster of CEOs, CFOs, investors, bankers, entrepreneurs and industry experts from some of the world’s leading organizations, all of whom are helping shape the future of business on both a regional and global scale. Together, they will share insights on the forces transforming business, finance and leadership, exploring topics such as artificial intelligence and digital transformation, the evolving role of finance as a driver of value creation, sustainable growth, leadership in times of uncertainty, global expansion strategies, investment trends, and the development of future-ready talent.

Vicky Li, FCMA, CGMA, Vice President, North Asia, AICPA & CIMA, said:

“Asia is helping shape the future of the global economy, and China sits at the heart of many of the trends transforming business today. Bringing ENGAGE Asia to Shanghai for the first time marks an important milestone for our profession and our region. By convening some of the world’s leading thinkers, business leaders and innovators, we aim to create a powerful platform for ideas, collaboration and action that helps organizations and professionals prepare for what comes next.”

ENGAGE Asia 2026 is supported by a powerful ecosystem of leading organizations across technology, finance, education and professional services. Sponsors and strategic partners include Lenovo, Feishu, Baidu, Wizstar, Bank of East Asia, Lucanet, EY, Bolue Education, Tsinghua University PBC School of Finance (PBCSF), Shanghai National Accounting Institute, and Beijing National Accounting Institute, reflecting broad commitment from industry leaders to advancing innovation, leadership and professional excellence.

The conference is also supported by leading media organizations including Bloomberg Businessweek, Hong Kong Economic Times (HKET), Hurun Report and Jiemian News, helping bring conversations on innovation, leadership and the future of business and finance to audiences across Asia and beyond.

On 11 November 2026, CIMA will also host the prestigious CGMA Awards & Gala Dinner, widely recognised as the “Finance Oscars” in China. As the longest-running awards programme in the management accounting profession in China, the CGMA Awards celebrate outstanding achievements in finance, business and leadership, bringing together senior executives and industry leaders from across the region to honour excellence, innovation and impact.

For more information about ENGAGE Asia 2026 and the CGMA Awards, please visit the ENGAGE Asia website:  https://asia.aicpa-cimaengage.com/

Journalists interested in covering the conference, either in person in Shanghai or remotely, are invited to contact Vivian Fung for media accreditation and interview opportunities.

About the Association of International Certified Professional Accountants, AICPA, and CIMA

The Association of International Certified Professional Accountants (the Association) advances the reputation, employability, and quality of CPAs, CGMA designation holders, and accounting and financial professionals globally. Founded in 2017 by the AICPA and CIMA, it represents 574,000 AICPA and CIMA members, students, and registrants in more than 150 countries and territories, advocating for the public interest and business sustainability on current and emerging issues. 

The American Institute of CPAs® (AICPA®) is the world’s largest member association representing the CPA profession. It sets ethical standards for the profession and U.S. auditing standards for private companies, not-for-profit organizations,* and federal, state, and local governments. It also develops and grades the Uniform CPA Examination and builds the pipeline of future talent for the public accounting profession.

The Chartered Institute of Management Accountants® (CIMA®) is the world’s leading and largest professional body of management accountants. CIMA works closely with employers and sponsors leading-edge research to ensure its members remain the employers’ choice when recruiting financially trained business leaders. 

 

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SOURCE AICPA & CIMA

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