Representatives from HYG and Northwestern University judged the submissions of 16 teams of MBA and engineering students in a multi-stage innovation competition.
Hyster Ale Group participates in Kellogg Design Challenge
GREENVILLE, N.C., May 2, 2024 (GLOBE NEWSWIRE) — Representatives from the Hyster Yale Group join Northwestern University faculty from the Kellogg School of Management and the Segal Institute for Design Innovation; Joining innovation industry leaders such as IDEO, PwC, and IA Collaborative to advance collaborative research into 2024. The Kellogg Design Challenge is the largest business design case competition across his MBA programs worldwide. As a Platinum Sponsor, Hyster Yell provided the theme for this year’s contest: “AI x Design.” It highlights the use of artificial intelligence to enhance the new product design and development process, potentially reducing the time and effort required to do so by up to 50%. .
“Our focus is on innovations that advance the way materials move and help address the most pressing challenges facing supply chain operations,” said Ed Stilwell, Hyster’s chief engineer for innovation at Yale University. “It is to promote this.” “As we pursue that mission, the Kellogg Design Challenge is a great opportunity to harness the brightest young minds. This is an important step in harnessing the power of cutting-edge technology to drive change. We support our approach to hiring the best talent and developing them into the future leaders of tomorrow.”
Approximately 90 graduate students from Northwestern University, Parsons University, Carnegie Mellon University, University of Chicago, Imperial College London, Cornell University, UCLA, and Dartmouth College participated in the multi-stage event. Throughout April, the competition will include a Q&A with Hyster’s Yale University Innovation Officers, workshops with Innovation Her Partners, and the main Kellogg Design Challenge His Day, which will separate all competitors from presentations, speaker sessions, and networking opportunities.
A Cornell University Johnson School of Business student won first place for his outstanding “EZ Requirement Assistant.” This demonstrated deep understanding of the user’s needs and innovative problem solving, while at the same time demonstrating real-time and cost-saving potential. This year, in addition to cash prizes being awarded to first-, second-, and third-place teams, the award includes a secondary prize for the most human-centered and inclusive design, which will be awarded to a Northwestern Kellogg student. I did. Members of the Hyster Yale Innovation Team, along with other competition judges, evaluated the semifinalists on design research, solution design, business impact, and innovation proposals.
Dr. Gopi Samayajula, Senior Vice President of Global Product Development at Hyster Yale University, said: . “This year’s competition enabled companies to circumvent the challenges of future technology-driven solutions and make a real impact on new product design and development processes by leveraging emerging AI technologies. , the effort involved can be reduced by up to 50%.”
The Hyster-Yale Innovation Team is focused on developing advanced technologies for material handling operations and accelerating the implementation of these technologies into commercial applications. Between the Yale® and Hyster® lift truck brands, the company’s emerging technology base includes more than 500 automated lift truck units and more than 6,000 vehicles equipped with the company’s patented operator assistance technology. Includes lift truck.
In addition to the Kellogg Design Challenge, Hyster Yale University has longstanding collaborations with academic and career development programs across the country. The company’s Innovation Lab, operated at the University of Portland’s Shiley Marcos Design and Innovation Center, serves as a model for other industry-university collaborations and immerses students in real-world engineering and product development projects. The company also works with colleges in the communities in which it operates, including East Carolina University, Berea College, Eastern Kentucky University, and the University of Kentucky, to sponsor senior capstone projects and provide mentorship and internship opportunities. Masu. Hyster Yale also serves on the Eastern Kentucky University Engineering Advisory Board, along with companies such as Lockheed Martin and Lexmark.
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About Kellogg
Northwestern University’s Kellogg School of Management is a world-class business school with a vibrant, global community of faculty, staff, and students dedicated to groundbreaking teaching and research that shapes the practice of business around the world. . As graduates, Kellogg leaders have a special combination of analytical skills, creativity, and social intelligence that enable them to lead with impact in the face of rapid change. Kellogg offers a portfolio of innovative programs. Six full-time MBA programs, including specialized joint degree programs with Northwestern’s engineering, medical, and law schools, part-time evening and weekend programs, an executive MBA program, a master of business administration, and a doctoral program. , and a wide range of non-degree executive education programs.
About Hyster Ale Group
Hyster-Yale Group, Inc. designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks, attachments, and aftermarket parts sold worldwide primarily under Hyster. .® and Yale University® brand name. Subsidiaries of the Hyster Yale Group include Bolzoni, the world’s leading manufacturer of attachments, forks and lift tables sold under Bolzoni.®Oramo® and Meyer® brand name, and Nuvera Fuel Cells, LLC, an alternative power technology company focused on fuel cell stacks and engines. Hyster Yale Group also has an unconsolidated joint venture company (Sumitomo NACCO) in Japan. Hyster-Yale Group, Inc. is a wholly owned subsidiary of Hyster-Yale Materials Handling, Inc. (NYSE:HY). Headquartered in Cleveland, Ohio, Hyster-Yale Materials Handling, Inc. and its subsidiaries employ approximately 8,600 people worldwide. For more information about Hyster-Yale Materials Handling, Inc. and its subsidiaries, please visit the company’s website at www.hyster-yale.com.
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CONTACT: Jennifer Timblin Hyster-Yale Group 252-412-4322 [email protected] Dan Gauss Koroberi 336-409-5391 [email protected]