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Oil & Gas Pipeline and Transportation Automation Market in Industrial Machinery Industry to grow by $ 742.43 million| Emerging Trends, Company…

NEW YORK, July 9, 2021 /PRNewswire/ -- The oil and gas pipeline and transportation automation market is set to grow by USD 742.43 million, progressing at a CAGR of almost 2% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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Read the 120-page report with TOC on "Oil and Gas Pipeline and Transportation Automation Market Analysis Report by Application (Pipeline and LNG and terminal) and Geography (North America, APAC, Europe, MEA, and South America), and the Segment Forecasts,2021-2025". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/oil-and-gas-pipeline-and-transportation-automation-market-industry-analysis

The oil and gas pipeline and transportation automation market are driven by the expansion of oil terminals. In addition, the benefits of pipelines over other modes of oil and gas transportation are anticipated to boost the growth of the oil and gas pipeline and transportation automation market.

Oil terminals serve as centers for oil and gas transportation. Globally, the rising energy demand has resulted in the increase in new oil terminals and pipeline constructions as the continuous need for energy is demanding new oil and gas infrastructure. Some of the oil terminal projects are Fujairah Oil Terminal to increase its storage capacity, Saudi Aramco constructed the Muajjiz oil terminal, the Port of Corpus Christi Commission approved the construction of refined petroleum products terminal. These new oil and gas exploration and production activities, along with improved and efficient pipelines for oil and gas transportation, will drive the growth of the market in focus during the forecast period.

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Major Five Oil and Gas Pipeline and Transportation Automation Companies:

ABB Ltd.

ABB Ltd. operates business through Electrification, Industrial Automation, Motion, Robotics, and Discrete Automation, and Corporate and Other. The company offers pipeline technology and all related operations for the transportation of oil and gas from the wellhead to the refinery such as gas processing, terminals, and storage, pumping stations, cargo tankers, etc.

Eaton Corporation Plc

Eaton Corporation Plc operates business through Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace, Vehicle, and eMobility. The company offers solutions for upstream, midstream, and downstream applications for both onshore and offshore drilling.

Emerson Electric Co.

Emerson Electric Co. operates business through Automation Solutions and Commercial and Residential Solutions. The company provides gas transmission and distribution, liquid transmission, and storage solutions.

Honeywell International Inc.

Honeywell International Inc. operates business through Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The company offers advanced software solutions along with the expertise to integrate third-party pipelines software manufacturers or in-house developed custom applications.

Mitsubishi Electric Corp.

Mitsubishi Electric Corp. operates business through Energy and Electric Systems, Industrial Automation Systems, Information and Communication Systems, Electronic Devices, Home Appliances, and Other. The company offers a variety of solutions such as rotating equipment, including electric motors, gas generators, pumps, and compressors, among others for oil and gas operations.

Oil And Gas Pipeline And Transportation Automation Market Application Outlook (Revenue, USD million, 2020-2025)

Oil And Gas Pipeline And Transportation Automation Market Geography Outlook (Revenue, USD million, 2020-2025)

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Oil & Gas Pipeline and Transportation Automation Market in Industrial Machinery Industry to grow by $ 742.43 million| Emerging Trends, Company...

Labor shortage will lead to more automation, & responsible teens – New Jersey 101.5 FM

Before the Independence Day holiday, it was announced that minors can temporarily work up to 50 hours per week to help fill the shortage of workers New Jersey is currently experiencing this summer (click here for the full story).

Whatever the reason may be for why people don't want to return to work, it's going to encourage businesses to move even quicker toward automating their businesses, and relying on minors. Here are my thoughts on this.

For one, if you're someone who's choosing not to go back to work, then you have no room to complain, as you are contributing to this shift of minors working beyond 40 hours per week.

I also believe that most kids are perfectly OK with having an opportunity to work additional hours.That's how I was as a teen, and I'm sure there are plenty of teens today across the state that feel the same way.

It also teacheskids responsibility, and the value of earning a buck.

For me, I was able to buy my first car with cash I saved up from working over the yearswhen I was a teen. I worked as much as I was allowed to and took pride in what I accomplished.

If my two sons were of working age, I'd be 100%on-board signing off onthis. In fact, I'd be encouraging them to work as much as theycould,includingup to 50 hours per week.

Now remember, this temporary authorization was passed because of a large shortage of workers around the state. This is particularly trueforour shore communitiesand summer positions.

Think about this: One local beach business couldn't even find anyone to pick up trash for $24 per hour. At that rate, if you worked four hours per day, for five days a week, that's $480 a week working only 20 hours just picking up trash while working outside at the beach. I don't know about you, but that sounds like a pretty good summer jobto me.

And it doesn't stop there. Some business owners have said people are applying for positions, but not coming in for the interview. Of course, this is probably just to show unemployment that they are looking for work so they can still collect benefits.

But, let's stay on that for just a moment. I recently got my haircut, andmy barberwas telling me about a customer that came in bragging about how they're making more on unemployment with all theadded benefitsthen they would be if they went back to work, finding it amusing.

Sadly, I do believe that this is a big part of what the labor shortage is all about. This, of course, helps lead me to my point as to why businesses are going to invest in automation at a much faster rate.

Now, not everybody would be out of a job when that happens. Those of us who either worked through the pandemic, or went back to work as soon as they could won't be the ones who are out.

It's all those positions that can't be filled now thanks to people whorefuse to return that'll be replaced. And once those added government benefits run out, those jobs will probably be no more.

And you know who the first people will be to complain about automation taking over? The very ones now who are refusing to go back.

Look, I do know this isn't everyone as some people have legitimate reasons for not returning to their jobs at this time. I'm mainly referring to those like the one my barber experienced that are choosing to do nothing and bragging about it.

So to those of you who think this is a luxury vacation, please enjoy it. At some point, that vacation will come to an end, and you'll only have yourself to thank when technology fills your position and you have nowhere to go.

And as for minors who want to work those extra hours? I say go for it, you deserve the opportunity.

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Labor shortage will lead to more automation, & responsible teens - New Jersey 101.5 FM

System Integration Services Market for Industrial Automation in India to reach USD 420.53 million| Discover Company Insights in Technavio – KPVI News…

NEW YORK, July 9, 2021 /PRNewswire/ -- The system integration services market size for industrial automation in India is set to grow by USD 420.53 million, progressing at a CAGR of 17.35% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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Read the 120-page report with TOC on "System Integration Services Market for Industrial Automation in India Analysis Report by End-user (Process industry and Discrete industry) and Service (Software integration services, Hardware integrations services, and Consulting services), and the Segment Forecasts,2021-2025". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/system-integration-services-market-for-industrial-automation-in-india-industry-analysis

The system integration services market for industrial automation in India is driven by the increasing plant complexities. In addition, the growing implementation of Software as a Service is anticipated to boost the growth of the System Integration Services Market for Industrial Automation in India.

Industries such as the oil and gas, food and beverage, and water treatment industries require suitable tools and mechanisms to handle complex production processes. Due to the complex production operations, system integrators are becoming vital for installing automation solutions in industrial plants. System integrators are sourcing effective automation software and systems from OEMs to provide seamless integration. The process and discrete industries in India are facing the challenge of obtaining high operational efficiency and ensuring that critical assets are properly maintained. Therefore, increasing plant complexities will drive the growth of the industrial automation market in India during the forecast period.

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Major Five System Integration Services for Industrial Automation in India Companies:

Access Automation Pvt. Ltd.

Access Automation Pvt. Ltd. offers a range of system integration services for process control and factory automation.

ACS INDIA

ACS INDIA offers a range of industrial automation services to various industries such as food, automobile, pharmaceutical, power process, and packaging. It provides total turnkey support from the stage of requirement analysis, system engineering, software development, installation and commissioning, and on-site training to maintain the projects.

Adage Automation Pvt. Ltd.

Adage Automation Pvt. Ltd. offers system integration services for cement plant kiln inlet systems, CEMS solutions, steel plant systems, the ex-proof system for oil and gas and fertilizer plants, MicroSAM based gas chromatography solutions, and small to large size analyzer shelters.

Analogic Automation Pvt. Ltd.

Analogic Automation Pvt. Ltd. offers a range of integrated automation technology solutions and services for the food and life sciences verticals such as beverages, dairies, breweries, distilleries, vegetable oil, pharmaceutical, and biotechnology.

BASE Automation Technologies Pvt. Ltd.

BASE Automation Technologies Pvt. Ltd. offers a range of system integration services for electrical and instrumentation systems, and automation control solutions such as PLC, DCS, and SCADA.

System Integration Services Market for Industrial Automation in India End-user Outlook (Revenue, USD million, 2020-2025)

System Integration Services Market for Industrial Automation in India Service Outlook (Revenue, USD million, 2020-2025)

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Jesse Maida

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System Integration Services Market for Industrial Automation in India to reach USD 420.53 million| Discover Company Insights in Technavio - KPVI News...

Exclusive: TikTok introducing more automation to video removals – Axios

TikTok is rolling out a new system that will allow the company to block videos that violate its policies automatically when they're uploaded. The social network is also changing the way it will notify users when their content is removed.

Why it matters: TikTok says the new system will not only improve the user experience, but will help reduce the number of distressing videos (such as those with violent content) that its safety team must review, freeing staff to focus on more nuanced content areas, like hate speech, bullying and harassment.

Details: Beginning this week, TikTok will test the automatic deletion of several content categories that violates its policies, like minor safety, adult nudity and sexual activities, violent and graphic content, illegal activities and regulated goods.

Be smart: TikTok's safety team has always removed content its technology screened as a violation of its rules, but these changes will bring more automation to the process, making its moderation efforts more efficient. Its safety team will continue to review reports and content removal appeals from users.

The big picture: The changes are part of a wider company effort to be more transparent about the way TikTok moderates content.

What's next: TikTok said that as a part of Friday's update, it will also change the way it notifies users when they violate the Community Guidelines.

Yes, but: TikTok acknowledges that its tech isn't perfect and it may inadvertently remove someone's video that doesn't violate its terms. In that scenario, TikTok says the content will be reinstated and the penalty will be erased from that user's record.

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Exclusive: TikTok introducing more automation to video removals - Axios

Innovation Institute incubator to co-develop automation tools with Olive – Modern Healthcare

The Innovation Institute, a for-profit company owned by six not-for-profit health systems, has entered into a co-development agreement with robotic process automation company Olive.

The partnership, announced Tuesday, is run through the Innovation Institute's healthcare incubator subsidiary, called the Innovation Lab.

The Innovation Lab will work with Olive to co-develop and commercialize new products using Olive's existing automation toolset, drawing on problems identified by clinicians, back-office staff and other employees who work at the health systems in the Innovation Institute's network. The Innovation Lab will also support pilots of the new products at the health systems.

The Innovation Institute, launched in 2013, counts six not-for-profit health systems as equity investors: Bon Secours Mercy Health in Cincinnati; Children's Health Orange (Calif.) County; Franciscan Missionaries of Our Lady Health System in Baton Rouge, La.; Avera Health in Sioux Falls, S.D.; Valley Children's Healthcare in Madera, Calif.; and MultiCare in Tacoma, Wash.

It also has one affiliate health system, Renton, Wash.-based Providence, that pays an annual subscription fee to be part of the Innovation Lab.

The Innovation Lab's partnership with Olive grew out of conversations with healthcare workers who shared ideas that would need automation and artificial intelligence technology to develop, according to Ryan Kelly, general manager at the Innovation Lab.

"We were sourcing a lot of areas and opportunities that would really benefit from an AI platform," Kelly said. "As opposed to us building our own we started looking for a partner."

The partner they chose, Olive, develops tools that automate or support various payer and provider workflows, such checking claims status and streamlining prior authorization. The Innovation Institute started investing in Olive a few years ago through the company's healthcare fund, a venture fund that invests in early growth-stage startups through venture-capital firm LRVHealth.

The Innovation Lab will bring its "clinical and operational know-how" to the co-development process, while Olive will bring the "muscle" to build the technology, Kelly said.

A co-development partnership "certainly saves hospitals from having to build their own automation capabilities," said Mark Snyder, director of people and productivity at consulting firm West Monroe. But "automation tools are very much tied to a hospital's unique processes," so often require some customization.

Automation encompasses a range of capabilities, from technologies that handle specific tasks to full-blown AI that crunches data to help make decisions.

A common type of automation technology used in healthcare is robotic process automation, which typically involves using bots to plug data from one system into another without human intervention.

Such bots take on the "rote, repeatable" transactions that "don't require critical thinking," Snyder said, and are often used for tasks like claims management.

AI takes on more complex tasks, since the technology is able to work with unstructured data and draw out insights from patterns.

Unlike RPA, which tends to center on back-office functions, AI use cases "typically can go further and deeper into the front-end interaction with the member or the patient," said Dion Sheidy, a healthcare advisory leader at consulting firm KPMG, such as through informing care delivery and improving patient experience.

Healthcare AI companies raised a record $2.5 billion in funding in 2021's first quarter, according to data compiled by CB Insights, with startups that tackle back-office automation attracting major investments. Infinitus Systems, a company that uses AI to automate phone calls for clinicians, raised $21.4 million in the quarter; revenue-cycle management startup Akasa raised $60 million.

Olive, which was founded in 2012, last week announced it had reached a $4 billion valuation after raising $400 million in its latest funding round.

The Innovation Lab and Olive likely will share ownership of the products they develop, although ownership may vary depending on the product and how much development is needed.

The companies will sell co-developed tools to Olive's customer base and promote the tools to the Innovation Lab's members. The Innovation Lab and Olive will share revenue from co-developed tools that are brought to market; the Innovation Lab will also share a portion of its commercialization revenue with the health system that surfaced the idea.

The Innovation Lab's model typically involves sharing 40% of commercialization revenue with the person who created the initial idea and 20% with that innovator's health system.

The Innovation Institute's equity investorsthe six health systemsalso receive a share of the company's profitswhich include revenue from the Innovation Lab, the company's venture fund and its portfolio companiesbased on their level of investment.

The minimum investment required to be member owner of the Innovation Institute is $10 million, according to the company's website.

The Innovation Lab and Olive so far are evaluating a half dozen ideas for possible co-developed products. One of the first projects they're considering is whether Olive can help to scale and add automation to a platform for case managers already launched through the Innovation Lab, called Koazie.

"That's one of the things that we're evaluating," Kelly said. "With any partnership like this, we're really striving for that first 'win' that we can build from and use as a cornerstone for the partnership."

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Innovation Institute incubator to co-develop automation tools with Olive - Modern Healthcare

The Rise of Automation in Analytical Science – Technology Networks

Demand for automation in the analytical science field is increasing, largely driven by a surge of interest in biotherapeutics. In contrast to small molecule drugs, biotherapeutics are large, complex molecules, which can make their analysis particularly challenging.

To learn more about the importance of biotherapeutic analysis and how automation can help address some of the associated challenges, Technology Networks spoke to Sudharshan Rangarajan, product management specialist, Lab Automation, Thermo Fisher Scientific. In this interview, Sudharshan also discusses how laboratories can overcome some of the hurdles of incorporating automation into their workflow and highlights some of the solutions that Thermo Fisher Scientific offers in this space.Anna MacDonald (AM): Can you describe some of the main ways biotherapeutics are characterized and why analysis is so important?Sudharshan Rangarajan (SR): Biotherapeutics consist of large and complex molecules compared to their chemically synthesized counterparts (small molecule drugs). Although the large surface area of these molecules translates to highly specific interactions with the drug targets, their size and complexity make for more challenging characterization techniques. Some of the main characteristics that are typically analysed in biotherapeutics include:

1. Protein glycosylation analysis.

2. Protein aggregation analysis.

3. Host cell protein analysis.

4. Biomolecular interaction analysis.

The analysis of the characteristics mentioned above are accomplished by a whole array of techniques including:

Hydrophilic interaction liquid chromatography (HILIC).

Two-dimensional liquid chromatography.

Capillary electrophoresis (CE).

Reversed-phased liquid chromatography.

Size exclusion chromatography.

ELISA.

SDS-PAGE.

Bio-layer interferometry.

Mass spectrometry (MS) techniques can be coupled with most of the techniques mentioned above.Analysis is very important, and this includes complete characterization of biotherapeutics which is performed at all stages of the discovery and development process. It is important because knowledge of product consistency, safety and efficacy are transferred across the entire pipeline. Stress conditions, manufacturing processes and storage affects protein structure and often leads to stability issues as well as aggregation. Therefore, promising biological drug candidates (those with good therapeutic activity and stability) in the early stages of the discovery pipeline are chosen for in-depth characterization.

This is where automation can be implemented. Consistency in data (no variability between sample replicates in terms of results) which is one of the main benefits of automation can be very valuable here.AM: What makes biotherapeutic analysis particularly challenging?SR: Some of the main reasons biotherapeutic analysis is challenging are as follows:

1. Emphasis on higher productivity which means researchers are forced to screen drug candidates as quickly as possible to increase the chances for reaching clinical trials.

2. Need for reduced time and cost in the drug development cycle which puts a lot of pressure on analytical methods and processes.

3. Advanced biotherapeutics that are more extensively engineered that adds to structural complexity.

4. As the complexity of the biotherapeutic increases, higher probabilities for post-translational modifications as well as molecular heterogeneity occurs which necessitates being able to control these modifications.

5. Protein products are typically found in cell media which is often very complex making identification of the protein products challenging.

6. Traditional analytical techniques which are suitable for small molecule drugs are unsuitable for large molecules and so there is a need to investigate new techniques. With large molecule biotherapeutics, the assays are sequential whereas in the case of traditional small molecule-based screens, the assays are parallel.

Therefore, it is imperative that researchers working with biotherapeutics employ various analytical technologies to characterize these large molecules.AM: Can you highlight some of the reasons companies in this field are wanting to automate? How has the COVID-19 pandemic contributed to this?SR: Today, there is a high demand for flexible as well as standardized automation solutions in the field of analytical sciences. There is also a need to maintain high productivity as well as reduced cost and time for biotherapeutic drug discovery and development processes. The COVID-19 pandemic has only highlighted this need even more with laboratories across the world having to maintain minimum number of personnel while following social distancing protocols and still having to continue being productive. Laboratory staff have limited time to spend in the lab and therefore monitor these processes. This results in the need to have automated analytical systems running unmonitored during off hours.

Up until a few years ago, the field of analytical science was dominated by partially automated systems. The presence of fully automated systems was specific to particular applications. This often resulted in islands of automation which were disconnected from each other and required human intervention. Furthermore, in contrast to high-throughput screening systems, a demand for flexible automation solutions for analytical processes exist because of highly complex workflows and frequently changing processes with numerous subprocesses. Labware used for analytical processes are not standardized with various shapes and volumes being used.

Laboratory automation can solve the majority of these challenges and benefits analytical researchers immensely with other improvements like data reproducibility, data tracking as well as reduced hands-on time for staff who would be able to focus more on the results rather than performing the experiments itself. Standardization of containers is important for automation workflows too as most of the automation friendly instruments as well as robotic movers handle SBS plate formats.

AM: Are there any hurdles labs looking to incorporate automation into their workflow should be aware of?SR: One of the main hurdles of incorporating automation into existing manually focused workflows is the challenge of transitioning from manual to automated workflows. Researchers and other laboratory staff must think about how their existing workflows would have to be altered to fit automation. Budgetary requirements and other considerations like space must be taken into account when planning for automation and this could pose some challenges for certain labs. This is especially the case in smaller labs who do not have the experience of working with automation instruments previously.There is also the myth that new technologies and the accompanying methods of doing things are fraught with difficulties and have a steep learning curve. Todays automation instruments are increasingly user friendly and offer good flexibility. The user interface for these systems have become very simple and learning how to automate these instruments is relatively simple with minimal time needed from the staffs side.Another hurdle is the notion that automation instrumentation needs a certain level of programming knowledge to operate. This is not true! Todays software is simple with point and click, drag and drop interfaces. Thermo Fisher Scientifics suite of automation hardware and software products are built with the scientist in mind. There is absolutely no need for programming knowledge to use or even master the use of these instruments. Case in point being Thermo Scientific Momentum Workflow Scheduling software. Momentum is a dynamic scheduling software which enables laboratory automation users to design complex workflows with multiple processes efficiently and easily. The availability of the flow controls feature in Momentum is the perfect example of how users can make instruments perform complex tasks with absolutely no programming knowledge.

Finally, the pricing or the perception of how much automation technology costs! Automation instrumentation is far more affordable compared to what it was a few decades ago thanks to improvements in technology. It is important for customers to keep in mind that in order to perform a cost-benefit analysis, the big picture must be considered. With automation some of the direct financial benefits include:

Reduction in experimental errors.

Improving reproducible results.

Ability to scale.

Decreasing full time employee hands-on-time.

Maximizing throughput.

AM: Can you tell us about some of the automated analytical technique optimizations and automation solutions that Thermo Fisher Scientific offers in this area?SR: Laboratory automation is evolving with advancements in instrumentation and software. Accelerated by the recent pandemic, strategic discussions on how to embrace automation and digital transformation have consumed the industry and highlighted the need for diverse and connected solutions. It gave rise to new improvements in the field to ensure business continuity without compromising on productivity and data reproducibility.

Thermo Fisher Scientific offers a range of solutions in the analytical science field. The Thermo Scientific Vanquish UHPLC Loader is an end-to-end analytics workflow solution that enables seamless integration between upstream sample preparation and downstream analysis with little to no human intervention. All the steps in the analytical workflow can be integrated using Thermo Fisher Scientifics laboratory automation products. This complete workflow automation solution provides better productivity, enhanced reproducibility and data tracking thereby paving the way to a fully connected laboratory.

The Thermo Scientific inSPIRE Collaborative Laboratory Automation Platform integrates everything you need for your scientific workflows. With modularity and flexibility being foundational to its design, the inSPIRE platform provides a scalable solution for laboratories looking to realize the throughput, efficiency and reproducibility benefits of automated workflows.

Our industry-leading Thermo Scientific Momentum Workflow Scheduling Software enables users to define, execute, and monitor scientific processes and workflows in a powerful yet easy-to-use visual environment. Whether connecting instrument loaders, workstations or a complete transformative automation system - Momentum provides a seamless user-driven interface and dynamic digital connectivity for end-to-end scientific workflows. With built-in data tools, it helps to connect to a labs software ecosystem for bi-directional data transfer, thus making it a powerful software to achieve new levels of automation performance

Thermo Fisher Scientific also offer the only SCARA type (Selective Compliance Articulated Robot Arm) lab automation robot with integrated vision-assisted teaching, barcode reading and 4-axes of motion the Thermo Scientific Spinnaker Microplate Robot. Features such as plate detection, built-in error recovery, automatic stop with unexpected collisions, built-in plate re-orientation and de-lidding, all work together to ensure the robust delivery of your results.

Automated incubation needs in all cell culture applications can be met by the Thermo Scientific Cytomat Incubator series, which includes features such as precise humidity control, expanded temperature range, automated decontamination routine, TRUE orbital shaking and CO2 control to support high capacity and quality cell growth.

In addition, Thermo Fisher Scientific provides several solutions in the field of analytical sciences including Thermo Scientific Chromeleon Chromatography Data System (CDS) software, Thermo Scientific BioPharma Finder software, Thermo Scientific Zeba Spin Desalting Columns, Thermo Scientific Pierce Protein A Columns, Thermo Scientific NAb Protein G Spin Columns and kits like Thermo Scientific EasyPep 96 MS Sample Prep Kit as well as Thermo Scientific SMART Digest Proteinase K Kits.

AM: Do you have plans for further developments in biotherapeutic analysis that you are able to share?SR: There is tremendous demand in the field of analytical sciences for automation solutions. Specifically, we see this in the area of biotherapeutics workflows/large molecule workflows with several projects done in this area. These massive projects are mostly custom solutions that we offer by working closely with our customers from the beginning of the project all the way to completion.

Though we still have the capability to support these custom project type solutions, we are planning to offer these solutions as standard bundles with routinely used instruments for these large molecule workflows. We are in the plans of offering these standard bundles in conjunction with other business units in Thermo Fisher Scientific making use of their expertise in the process. This will enable customers to access turnkey solutions that enable them to start working with minimal down-time.

Sudharshan Rangarajan was speaking to Anna MacDonald, science writer for Technology Networks.

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The Rise of Automation in Analytical Science - Technology Networks

The pandemic has brought more automation, which could have long-term impacts for workers. – The New York Times

An increase in automation, especially in service industries, may prove to be an economic legacy of the pandemic.

Businesses from factories to fast-food outlets to hotels turned to technology last year to keep operations running amid social distancing requirements and contagion fears. Now the outbreak is ebbing in the United States, but the difficulty in hiring workers at least at the wages that employers are used to paying is providing new momentum for automation, Ben Casselman reports for The New York Times.

After having trouble finding workers, a Checkers franchisee put in a system from Valyant AI, a Colorado-based start-up that makes voice recognition systems for restaurants, to take drive-through orders. Now customers are greeted by an automated voice designed to understand their orders including modifications and special requests suggest add-ons like fries or a shake, and feed the information directly to the kitchen and the cashier.

Self-checkout lanes at grocery stores have reduced the number of cashiers; many stores have simple robots to patrol aisles for spills and check inventory; and warehouses have become increasingly automated. Kroger in April opened a 375,000-square-foot warehouse with more than 1,000 robots that bag groceries for delivery customers. The company is even experimenting with delivering groceries by drone. Other companies in the industry are doing the same.

With air travel off limits, a manufacturer used augmented-reality technology in its factories to bring in experts to help troubleshoot issues at a remote plant.

Technological investments that were made in response to the crisis may contribute to a post-pandemic productivity boom, allowing for higher wages and faster growth. But some economists say the latest wave of automation could eliminate jobs and erode bargaining power, particularly for the lowest-paid workers, in a lasting way.

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The pandemic has brought more automation, which could have long-term impacts for workers. - The New York Times

Worldwide Industrial Automation Industry to 2027 – Growing Number of SMEs Presents Opportunities – PRNewswire

DUBLIN, July 6, 2021 /PRNewswire/ -- The "Industrial Automation Market by Component (Plant-level Controls, Enterprise-level Controls, Plant Instrumentation), Mode of Automation (Semi-automatic, Fully-automatic), and End User (Oil & Gas, Automotive, Food & Beverage, Chemicals & Materials)-Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The industrial automation market is expected to record a CAGR of 9.3% from 2020 to 2027 to reach $306.2 billion by 2027.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities. The increasing popularity of industrial robots and enterprise-level controls and the rising awareness regarding the benefits of automation among end-use industries are the factors propelling the growth of the industrial automation market. The growing adoption of industrial IoT and machine learning technologies supports the implementation of automation across end-use industries due to benefits such as reduced costs from predictive maintenance and increased operational efficiency. Robotic installations are increasing rapidly to replace human workers completely or assist them in intensive tasks to eliminate production errors.

The growing popularity of plant instrumentation and enterprise-level control components for automating hardware and software across industries supports the growth of the industrial automation market. The growing need for monitoring, controlling, and analyzing machine operations and predicting downtime & faults drives the need for sensors. A wide range of sensor technologies has been developed to address different applications and environments. Proximity sensors, vision sensors, ultrasonic sensors, position sensors, photoelectric sensors, temperature sensors, and inclination sensors are some of the sensors used in automation applications. The development of automation solutions with integrated sensors increases the performance efficiency of manufacturing plants and allows companies to manage operating costs.

The COVID-19 pandemic has moderately impacted industrial operations and manufacturing activities globally, affecting the growth of the industrial automation market. Lowered demand for luxury goods, automobiles, and electronics and countrywide lockdowns during the pandemic have reduced sales revenues in the automotive, consumer electronics, and consumer goods industries. These factors also impacted investments in industrial automation solutions during 2020. The industrial automation market is expected to recover steadily in 2021 and 2022 as companies are projected to implement automated systems to minimize human intervention in industrial and manufacturing processes.

Based on component, the industrial automation market is segmented into plant instrumentation, plant-level controls, and enterprise-level controls. The plant instrumentation segment is projected to witness considerable growth over the forecast period due to the growing need for sensors, robots, and machine vision systems among both basic and advanced manufacturing facilities. Machine vision enables machines to use vision for performing industrial tasks. It uses cameras, sensors, and computing power to help machines understand images and perform industrial tasks such as manufacturing and quality verification. These features enable companies to monitor production & industrial operations and minimize errors in the final products.

Based on end user, the industrial automation market has been segmented as oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense, and other end users. In 2020, the oil & gas segment accounted for the largest share of the overall market, due to the heavy implementation of industrial automation solutions across upstream, midstream, and downstream processes. Benefits of implementing industrial automation solutions include optimized supply chain and spare parts management, elimination of organizational inefficiencies, and improved workforce deployment. Key players in the industrial automation market have launched their IIoT platforms, such as Honeywell's Sentience, ABB's Ability, Schneider Electric's EcoStruxture, and Siemens's MindSphere to support the digitalization of oil fields.

An in-depth analysis of the geographical scenario of the industrial automation market provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. In 2020, Asia-Pacific commanded the largest share of the industrial automation market, followed by Europe, North America, Latin America, and the Middle East & Africa.

The key players operating in the industrial automation market are ABB Group (Switzerland), Rockwell Automation (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Schneider Electric (France), Yokogawa Electric Corporation (Japan), KUKA AG (Germany), Emerson Electric (U.S.), Fanuc (Japan), Honeywell International (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Advantech Co., Ltd. (Taiwan), and Fuji Electric Co., Ltd. (Japan).

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Insights4.1. Introduction4.2. Market Dynamics4.2.1. Drivers4.2.1.1. Increasing Adoption of Robots in the Manufacturing Sector4.2.1.2. Government Initiatives to Promote Industrial Development4.2.1.3. Rising Investments for Transforming Conventional Production Facilities4.2.1.4. High Labor Cost in North America and Europe4.2.1.5. Growing Demand for Safe and Digitized Production Processes4.2.2. Restraints4.2.2.1. High Initial Investment4.2.3. Opportunities4.2.3.1. Growing Number of SMEs4.2.3.2. Rising Demand for IIoT in Southeast Asia's Manufacturing Sector4.2.4. Challenges4.2.4.2. Cyber Risks Associated with Automated Systems4.3. Value Chain Analysis4.3.1. Raw Material Providers4.3.2. Hardware & Software Developers4.3.3. Plant Instrumentation4.3.4. Plant-level Controls4.3.5. Enterprise-level Controls4.3.6. System Integrators4.3.7. End Users4.4. The Impact of COVID-19 on the Industrial Automation Market4.4.1. Scenario A: Severe Impact4.4.2. Scenario B: Slow Recovery4.4.3. Scenario C: Fast Recovery4.5. Impact of AI and Blockchain on the Industrial Automation Market4.6. Advent of 5G in Industrial Automation

5. Global Industrial Automation Market, by Component5.1. Introduction5.2. Enterprise-level Controls5.2.1. Product Lifecycle Management (PLM)5.2.2. Enterprise Resource Planning (ERP)5.2.3. Manufacturing Execution Systems (MES)5.3. Plant Instrumentation5.3.1. Motors & Drives5.3.2. Robots5.3.2.1. Articulated Robots5.3.2.2. SCARA 5.3.2.3. Collaborative Robots5.3.2.4. Cartesian Robots5.3.2.5. Other Robots5.3.3. Sensors5.3.4. Machine Vision Systems5.3.4.1. Cameras5.3.4.2. Optics and LED Lighting5.3.5. Relays & Switches5.3.6. Other Plant Instrumentation Components5.4. Plant-level Controls5.4.1. Supervisory Control and Data Acquisition (SCADA)5.4.2. Distributed Control Systems (DCS)5.4.3. Programmable Logic Controllers (PLC)5.4.4. Other Plant-level Controls

6. Global Industrial Automation Market, by Mode of Automation6.1. Introduction6.2. Semi-automatic Systems6.3. Fully-automatic Systems

7. Global Industrial Automation Market, by End User7.1. Introduction7.2. Oil & Gas7.2.1. Upstream7.2.2. Downstream7.2.3. Midstream7.3. Automotive7.4. Food & Beverage7.4.1. Dairy Processing7.4.2. Beverages & Distilleries7.4.3. Bakery & Confectionery7.4.4. Oils & Fats 7.4.5. Meat, Poultry, and Seafood Products7.4.6. Fruits & Vegetables7.4.7. Others7.5. Semiconductors & Electronics7.6. Chemicals & Materials7.7. Consumer Goods7.8. Mining & Metals7.9. Power7.10. Pharmaceuticals & Biotech7.11. Machines & Tools7.12. Paper & Pulp7.13. Aerospace & Defense7.14. Other End Users

8. Industrial Automation Market, by Geography8.1. Introduction8.2. Asia-pacific8.2.1. China8.2.2. Japan8.2.3. India 8.2.4. South Korea8.2.5. Singapore8.2.6. Rest of Asia-Pacific (RoAPAC)8.3. Europe8.3.1. Germany8.3.2. U.K.8.3.3. Italy8.3.4. The Netherlands8.3.5. Sweden8.3.6. France8.3.7. Spain8.3.8. Rest of Europe (RoE)8.4. North America8.4.1. U.S.8.4.2. Canada8.5. Latin America8.5.1. Brazil8.5.2. Mexico8.5.3. Rest of Latin America (RoLATAM)8.6. Middle East & Africa8.6.1. South Africa 8.6.2. UAE8.6.3. Saudi Arabia8.6.4. Rest of the Middle East & Africa (RoMEA)

9. Competitive Landscape9.1. Introduction9.2. Key Growth Strategies9.3. Market Share Analysis (2020)9.3.1. Siemens AG9.3.2. Mitsubishi Electric Corporation9.3.3. Emerson Electric Co.9.3.4. ABB Group9.3.5. Schneider Electric SE

10. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)10.1. Siemens AG10.2. Emerson Electric Co.10.3. Mitsubishi Electric Corporation10.4. ABB Group10.5. Schneider Electric SE10.6. Rockwell Automation, Inc.10.7. Yaskawa Electric Corporation10.8. Yokogawa Electric Corporation10.9. Fanuc Corporation10.10. Honeywell International Inc 10.11. Kuka AG10.12. General Electric Company10.13. Omron Corporation10.14. Advantech Co., Ltd.10.15. Fuji Electric Co., Ltd.

11. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/yetj4u

Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected]

For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

http://www.researchandmarkets.com

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Worldwide Industrial Automation Industry to 2027 - Growing Number of SMEs Presents Opportunities - PRNewswire

Robotic Process Automation Sweeps Across the Healthcare Industry – Electronic Design

What youll learn:

The robotic-process-automation (RPA) industry is booming worldwide as more companies move toward automated technologies to unlock higher efficiency, accuracy, and speed. Businesses will certainly look to leverage intelligent technologies such as RPA to keep employees efficient and engaged, as they enter the second year of the COVID-19 pandemic. While the technology experienced widespread adoption during 2020, its expected to mature into a solution meant for every department of a business organization.

Gartner estimates that spending on RPA software solutions will grow by nearly US$1.5 billion during 2021. The quick and easy nature of RPA in automating manual processes has been a key factor fueling its adoption worldwide. Large enterprises as well as small- and medium-size businesses can leverage the benefits of RPA via faster data processing and lower time spent on repetitive tasks by employees.

Considering the current rate of adoption, it can be estimated that the global robotic process automation market size will be worth over US$23 billion by the end of 2026.

Following the widespread disruption caused by the COVID-19 pandemic, healthcare organizations have started to recognize the value of automation in promoting business continuity. RPA, with its ability to speed up tedious, time-consuming tasks, can help streamline numerous healthcare operations, allowing providers to dedicate more time to patients. RPA solutions also offer increased support to healthcare organizations, enabling them to mitigate the risk of employee burnout as frontline workers get pushed to their limits.

Robotic process automation will account for around 37% of healthcare AI investments over the next few years, according to KPMGs AI survey that included about 100 respondents each from healthcare and life-science firms.

As the world continues to battle the pandemic, healthcare and life-science business leaders are banking on RPAs ability to monitor the spread of the virus and help with the development and distribution of vaccines. In March 2021, Notable Health, a leading provider of intelligent automation solutions for healthcare, partnered with the North Kansas City Hospital (NKCH) to accelerate the distribution of COVID-19 vaccines to Missouri based residents.

Notable Health and NKCH have formed a coalition called Operation Safe to scale their vaccination efforts and vaccinate up to 4,000 residents per day. The company is using RPA in combination with fast healthcare interoperability resources (FHIR) to train digital assistants or bots to scan electronic medical records (EMRs) for available appointment schedules for patients meeting eligibility requirements such as age or pre-existing health conditions.

NKCH is leveraging Notable Healths RPA tools to automate and digitize identification, scheduling, outreach, and pre-visit intake workflows to vaccinate more patients faster.

In a highly competitive environment, business organizations are exploring ways to be more productive using strategic and innovative thinking. This apparently has accelerated the deployment of RPA technologies among large enterprises as well as small and mid-size enterprises (SMEs).

Leading tech firms are constantly innovating and adopting new strategies in anticipation of similar trends in the near future. In March, Microsoft India announced plans to roll out its Power Automate Desktop solution for Windows 10 users at no additional cost.

The Power Automate Desktop solution is a new RPA application that allows businesses to automate repetitive manual tasks and emphasize high-value processes to achieve higher efficiency and performance. Its an easy-to-use platform that would allow users to streamline workflows, reduce human errors, minimize maintenance cost and effort, and boost scalability while ensuring security.

During the same month, Google Cloud formed a strategic, multi-year alliance with Automation Anywhere, a global RPA leader, to help meet the intelligent automation needs of businesses worldwide. As per terms of the deal, Automation Anywhere will move its cloud-native Automation 360 automation platform to Google Cloud as its primary cloud provider; the company is expected to be the latters chosen RPA partner.

Together, the two companies aim to build automation-powered products and services tailored for industry-specific applications, primarily within retail, supply chain, financial services, telecommunication, healthcare, and life-science sectors.

Robotic process automation is expected to be one of the biggest, if not the most important, IT trends in the years to come. When deployed, the revolutionary technology can significantly enhance business efficiency and strategy making.

Robotic process automation as a service (RPAaaS) also is anticipated to go mainstream in the coming years. RPAaaS has the potential to help business cut development and deployment costs by utilizing the most reusable and impactful components.

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Robotic Process Automation Sweeps Across the Healthcare Industry - Electronic Design

Everyone’s Talking Automation: What does HR Software Really Do? – State-Journal.com

Buzzwords like HR software and HRIS systems are flying around the industry like gnatseverywhere you turn, someone wants to tell you about the next best thing in HR and payroll management and processing technology. There is a lot of hype about time savings, cost savings, streamlined operations, and other vague benefitswhich are all fantastic, of course, but that doesnt tell you what they are or how they can help your business.

So, what does a modern HRIS system really do when it comes to automation? The easier answer might be in regard to what it doesnt do. Keep reading to learn all about how technology is automating the world of HR for the benefit of everyone involved.

Applications and New Hire Onboarding

Starting at the very beginning, the companys HR process is automated with an application system and onboarding tool that provides a database where you can manage applicants, schedule interviews, and even use AI and automation to move them through the various steps in the hiring and onboarding processes.

Onboarding is one of the most tedious processes for any HR department. Being able to post jobs, collect resumes, set up interviews, and even grant network access to new hires automatically can take a lot of the work off your plate. Plus, you can monitor and measure performance, improve inefficiencies, and make sure that all of your new hires are giving the best value to the company.

Time Off and Leave Requests

In an automated HRIS tool, employees time off hours can be tracked, added, subtracted, and even scheduled, quickly and easily. You can automate approvals for leave, allowing AI to approve any minor requests based on the way you set it up and creating opportunities for your employees to be notified immediately of other requests so that they can be answered and approved as quickly as possible.

This makes the entire process more convenient for everyone involved and takes a lot less time and effort. Then, theres also no he said, she said about requests that were filed and never approved, or for leave that someone thinks was granted, but wasnt.

Payroll and Benefits

Another area where AI and automation are shining for HR is in the payroll arena. Dealing with all the math and numbers of benefits and payroll can be a daunting task even for the most skilled HR professionals. With automated tools like payroll software, everything can be verified by the system and you can ensure that your records meet all requirements.

Being able to manage benefits also means you can help employees get enrolled easier and manage their benefits with less effort. You can automate things like eligibility determination, open enrollment, education on benefits, and even changing benefits for various events, such as adding or removing spouses, new children, and more.

Tax Filing and Compliance

If theres anything that people in any business want to avoid, its dealing with taxes. Tax compliance can be challenging for even the most seasoned HR pros, but it doesnt have to be that way anymore. Automated HRIS tools are designed to automate all of your tax filing and management tasks, ensure that you are compliant with state and federal laws, and ensure that you never have to worry about small oversights that can lead to big penalties.

In the world of business, compliance happens best when its streamlined and automated as much as possible. The more of the human element that you can remove, the fewer mistakes and errors there will be and the less time you will spend on taking care of your business taxes.

Whats Not to Automate?

If you work in HR or you know anything about the day-to-day processes involved, youre probably wondering what isnt tedious about the job. Its just an area that requires a lot of attention to detail, repetition, and calculations, and reporting that manpower just cant handle as effectively without the assistance of technology.

With modern HR software, there is so much to gain from automation. In addition to the things covered here, you can also look into automating things like time management, offboarding, expenses, and so much more. When you take the time to choose the right tools, youll be able to streamline so many tedious HR tasks and give everyone the peace of mind that theyre being handled in the best way.

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Everyone's Talking Automation: What does HR Software Really Do? - State-Journal.com

Real estate is a people business, but automation can help – HousingWire

The news is filled with talk of real estate.Bubbles have that effect.We know through the work of people likeRobert Shillerand others that narratives are indeed economic forces and that compelling narratives can move markets.

In the U.S. real estate market, matters are of course more complex than mere narratives, but we do all know that constant hype adds to the buoyancy of markets, which then creates more hype.These virtuous loops are common in a variety of areas of the economy and real estate is no exception.

A lot is at stake.The U.S. residential real estate market is valued at about $40 trillion in aggregate. Real estate/housing is the bellwether for the entire economy and houses represent the typical familys most important financial decision.So much of life radiates from both the location and the valuation of the house a family occupies.

This twin importance on both the macro and the personal level draws a great deal of interest in this marketplace and its various offshoots.Still, the residential real estate ecosystem is complex, even opaque to many.Homebuyers and sellers contend with a variety of entities banks, insurance companies, mortgage servicers, appraisal companies, title providers, agents, brokerages, and even real estate marketers and the process can be labyrinthine to even those who have gone through it before.

Technology plays a big role.So too does trust usually manifested in the relationship between a buyer/seller and a real estate agent.For those who choose not to work with agents, the trust must be transferred to the technology platform or other form of automation that is used in the process.

Does your CRM hurt or help the customer experience?

In real estate, data is king. The more you leverage your own data the better off your agents or loan officers will be because theyll be able to identify, target and create better customer experiences.

Its worth reiterating the importance of trust.As mentioned, much is determined by the location and valuation of houses.The residues last for generations.Houses represent a major part in generational wealth transfer and inheritance and also play a major, and persistent, role in determining life conditions during the owners lifespan.What schools do the kids go to?How safe is my family?Who are my neighbors?How much wealth have I amassed?When can I retire?All of these fundamental questions radiate from what can appear to be a mundane question: What house do I buy?

With so much riding on this, it is important to locate the most relevant elements when determining whether to buy or sell a house.Of these, one stands tall:valuation.What is the house worth?What does the house cost?These two questions are at the center of all things residential real estate.

Such a simple set of questions with such complex answers.Many variables impinge on the value of a house.There are the usual ones: size, age, location.There are important ones that are hard to capture in macro-statistics the interior condition of the house being a major one. There are external factors that weigh heavily, alluded to in the first paragraph above, that have to do with momentum, fashion, and the narrative/desirability of a particular neighborhood over another.And so many more parameters as well.

Thus, the simple questions have complex answers.As real estate experts will tell you, the process of valuing not only a house,but large swaths of houses, even all houses in the U.S., requires deep technology insight, incredible ability to extract, transform, and ingest data, and a process by which you can query data with ease and speed.Not only are there a huge number of variables to understand, but also a variety of forms the data comes in spreadsheets, pictures, and so on.

The task is best suited for advanced technologies, collectively referred to as AI and machine learning.Add to this computer vision and you get the right cocktail for which the industry has long waited and which, more importantly, consumers and all parts of the real estate ecosystem deserve.

In a $40 trillion market that constitutes most families most important investment, good enough is not in fact good enough.

There is more too than simple economics.There is also a matter of, to put it clearly, fairness and justice.House valuations come into play at crucial times in the transaction process; they not only bookend the entire journey but also crop up during the time of appraisal.

We hear shocking stories of racial discrimination and a variety of other ills during the appraisal process.While people are prone to massive bias as with the case ofappraisers who suggested that an African-American womans house was worth half of what it was appraised for when she had a white friend pose as the stand-in owner.

Technology has biases too but only to the extent that they are algorithmically coded into the outcomes.As such, black box AI, which is to say completely opaque AI, needs to be replaced with an AI that is explainable and deconstructable so that biases can be identified and done away with.

The value of a house is a number of incredible importance and is one that is invoked often in real estate and in personal financial planning.Still, while it is given heed by many parts of the real estate ecosystem, few elements of that ecosystem demand simultaneous precision and depth.This is a mistake, and one that can have massive consequences for individual families, entire neighborhoods, and for the economy as a whole.Settling wont do anymore.

In the recent Gathering of Eagles conference, a particularly high-powered set of panelists all agreed that real estate is a people business.While this might be true at some level, there is nothing that suggests that people need to perform every single function in the multiple and complex journeys of house buying and selling, nor that they can be relied upon to offer unbiased and fair valuations without fear or favor.

Technology is not a panacea, nor will it ever be.But to use the tools that have been painstakingly developed over decades to enhance what is absolutely a people business is the smart thing to do. And it can help reduce bias, increase fairness and generate economic bounty for the entire real estate ecosystem.

This column does not necessarily reflect the opinion of HousingWires editorial department and its owners.

To contact the authors of this story:Romi Mahajan at romi.mahajan@quantarium.com

Jeremy McCarty at Jmccarty@valligent.com

To contact the editor responsible for this story:Sarah Wheeler atswheeler@housingwire.com

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Real estate is a people business, but automation can help - HousingWire

Provider-owned Innovation Lab partners with Olive to build automation tools – MedCity News

Newport Beach, California-based Innovation Lab, the incubator collaboratively owned by six nonprofit health systems, has partnered with health technology company Olive to co-develop automation solutions for providers.

Part of the Innovation Institute, the lab works with its health system owners to identify unmet needs, create medical products around those and bring them to market, said Ryan Kelly, Innovation Labs general manager, in a phone interview. The institute is a for-profit entity owned by:

Announced Tuesday, the partnership between Innovation Lab and Cleveland-based Olive will focus on artificial intelligence-driven tools that automate and drive efficiencies in operational and clinical workflows, Kelly said. To create these tools, the companies will leverage Olives AI platform and technical expertise, as well as Innovation Labs frontline access to the above health systems executives and innovators.

[We will] identify places where we can bring Olives technology to the table and co-develop a new solution on top of their platform, ultimately with the view to solve [a] problem at the health system, and [also] to take that product and commercialize it broadly, leveraging Olives distribution capability, Kelly said.

Initially, the companies will focus on integrating an Innovation Lab product that connects patients and case managers into Olives platform. The product aims to help patients navigate the journey from acute care to a post-acute care settings.

Thats kind of the low-hanging fruit opportunity that were looking at, but weve also got some other really exciting, more transformative opportunities that we are evaluating, Kelly said.

The new solutions that are co-developed will also be part of the Olive Helps Loop Library, which is similar to Apples App Store but for hospital and health system customers.

This alliance will create a massive opportunity for healthcare leaders, developers and investors across multiple providers and companies to listen, build, learn and release innovation on the Olive platform that improves the human experience for workers and patients alike, said Patrick Jones, executive vice president of Olive, in an email.

The Innovation Institute and lab were established in 2013. The lab acts as the exclusive commercialization partner of the six health system owners, and since its inception, it has successfully commercialized 20 products, ranging from digital solutions to research tools. Revenues from the sale of the products are shared with the owners, which are also often sites for pilots or validation studies.

But now, the Innovation Lab is launching a subscription, or fee-for-service, version of its innovation services for providers outside of the six owners.

This move will help expand the partnership with Olive, Innovation Labs Kelly said.

As we grow in scale through our subscription offering and bring more hospitals and health systems into our ecosystem, it only widens the net for how and where we can source opportunity [for the products we will co-develop], he said.

Photo: Gerasimov174, Getty Images

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Provider-owned Innovation Lab partners with Olive to build automation tools - MedCity News

Restaurants are starting to hire robots instead of people who are demanding higher pay – Business Insider

After months of waiting for workers to rejoin the labor force, some businesses have had it.

Just 10% of job seekers are urgently looking for openings, according to a recent survey conducted by hiring giant Indeed. Whether it's because of virus fears, childcare costs, financial cushions, or enhanced unemployment benefits, the jobless aren't clamoring for many of the jobs on offer, which are largely in the hard-hit restaurant and hospitality space.

Enter the QR-code. This technology, which allows a short-staffed restaurant to save on having a person physically bringing a menu to a diner's table, is the canary in the coal mine of automation. Other signs of an automation revolution are cropping up.

Hiring issues have been widespread in the restaurant industry for several months, as Insider reported, with major firms like McDonald's struggling to contend with the national labor shortage. Many of them have begun turning to technology as a replacement to low-wage workers. For instance, Cracker Barrel rolled out a mobile app that lets customers pay for meals; McDonald's started testing automated drive-thru ordering at 10 Chicago locations; and Dave & Buster's plans to expand its contactless ordering.

The benefits are obvious. Automated solutions are often one-time investments, boost productivity, and don't require expensive solutions to fixing a staffing crisis like the signing bonuses alsogrowing in popularity.

Economic data suggests that the shift to automation has been underway for months now. Productivity surged 5.4% in the first three months of 2021, its fastest rate of improvement in more than 20 years. This jump came as businesses had just started rehiring, suggesting the increase had more to do with the continued use of pandemic-era tech.

Businesses adopting new tech, largely in restaurants so far, haven't shied away from admitting that yes, automation will replace workers. Dave & Buster's locations using contactless ordering "have been able to expand the size of server sections and reduce staffing levels to be more efficient," Margo Manning, the company's chief operating officer, said in a June earnings call.

People have long feared that adoption of new technology will spark a vicious cycle of job destruction and stagnant pay as robots take over the workforce. This type of thinking is often called Luddite, after a group of UK workers who destroyed the machinery that had taken their jobs during the early years of the Industrial Revolution in the early 1800s. But automation can feed a virtuous cycle instead of a Luddite-like vicious one.

The utilization of technological innovations has tendedto boost productivity for the last several hundred years of economic history. Thatgives workers a stronger case for higher wages. More pay leads to increased economic activity, which increases labor demand elsewhere in the economy.

Accepting automation can also optimize job growth, economics writer Noah Smith wrote in a June 13 blog post. Americans who would've been taking orders and busing tables could develop new, more valuable skills as low-wage jobs are taken over by tech. Past periods of massive innovation from the industrial revolution to the dot-com boom didn't eliminate jobs, but shifted them elsewhere.

A push for automation "is about believing in the potential of humankind," he said.

New technology is invented by humans, after all, and it could be put to use making people's jobs better instead of worse. This could be the start of that movement. Then again, it might not.

Are you turning to automation in your business, or has your job been impacted by automation? Please reach out tobwinck@insider.com.

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Restaurants are starting to hire robots instead of people who are demanding higher pay - Business Insider

Shanghai Targets 47 Million TEU Annually Through Growth and Automation – The Maritime Executive

Shanghai is the world's largest container prot handling 43.5 million TEU in 2020 (file photo)

PublishedJul 9, 2021 3:12 PM by The Maritime Executive

Already the busiest container port in the world, Chinese officials announced an ambitious plan to further expand Shanghai by 2025. The efforts to enlarge the regional port operations and enhance the use of technology are part of the fourteenth five-year plan that also encompasses cruise ship operations and air travel.

Shanghai's international influence is steadily growing, according to Yu Fulin, director of the Shanghai Municipal Transport Commission, who detailed the new five-year plan for the region. In the past five years, the plan notes that Shanghai has become an international shipping center and acquired the preliminary capability of allocating global shipping resources.

Despite the impact of the pandemic on shipping in the first half of 2020, Shanghai saw a small increase in overall container throughput to 43.5 million TEU last year. That was up just a half a percent over 2019, but was more than enough to maintain Shanghais position as the busiest container port for more than a decade. The port achieved strong gains in both transshipments and inland volumes during the year.

Container throughput at the Shanghai port hit a record high of 4.2 million TEUs in October, a year-over-year increase of 15.7 percent, according to official data released by the Chinese authorities. The new record exceeded Julys 3.9 million TEUs, and also made Shanghai the first container port to exceed the 4 million TEU mark in a single month.

The new plan calls for an overall eight percent growth in TEU volumes in the port over the five-year period. By 2025, they are forecasting that Shanghai will handle 47 million TEU annually.

"In accordance with the central government's new strategy, and following the new requirements for the development as a shipping center, Shanghai will try its best to build a hub and strategic nexus under the new dual-circulation development pattern, government officials said according to China Daily. Shanghai will upgrade itself into a world-class international shipping center with convenience, high efficiency, full functions, eco-friendliness, and strong safeguards by 2025."

Among the projects outlined by the plan are efforts to optimize operations, further integrate port operations across the region, and introducing new technologies to improve shipping services. They are also seeking to enhance the cruise port operations.

Building on the current automation efforts at the port, the government is targeting expanding the handling of containers at the automated terminal. The terminal is currently capable of handling up to five million TEU annually through the automated operations with a goal of handling 30 million TEUs in the next five years. They also plan to increase the automated capacity to seven million TEU annually.

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Shanghai Targets 47 Million TEU Annually Through Growth and Automation - The Maritime Executive

The lab automation market is expected to grow at a CAGR of 8.53% during 2021-2026 – GlobeNewswire

New York, July 09, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Lab Automation Market - Global Outlook and Forecast 2021-2026" - https://www.reportlinker.com/p06103715/?utm_source=GNW

To scale up the process of manufacturing and to produce accurate results with increased quality and reduce time consumption, lab automation is gaining high traction in the healthcare industry. Many large hospitals in the developed countries have adopted lab automation techniques. As a result, the global laboratory information management system market is expected to exhibit a significant CAGR and annual growth during the forecast period. In addition, a high level of investment in healthcare and life science research is boosting the demand for lab automation.

The following factors are likely to contribute to the growth of the lab automation market during the forecast period: Increased Adoption of Lab Automation Among the Genome Research Labs & Companies Robotics Revolutionizing the Lab Automation Rising Demand for the Task Targeted Automation Future of Lab-Automation Smart Labs

The study considers the present scenario of the lab automation market and its market dynamics for the period 2020?2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

LAB AUTOMATION MARKET SEGMENTATION The global lab automation market research report includes a detailed segmentation by product, application, automation, end-user, geography. The latest workstations, which are modular and customized to suit a particular application, such as sample preparation for genomics, proteomics, cellular analysis, and more, are gaining high momentum in the market. For instance, Abbott provides total labor depending on the requirement of the laboratory, and workstations can be procured. As a result, large laboratories are planning to prefer automated workstations to increase productivity across the globe.

The application of automation is helping researchers to test a more significant number of hypotheses. The automated robots and workstations benefit the researchers to evaluate large numbers of compounds against specific biological targets rapidly. Adopting digital workflow management practices and automated solutions is a key growth driver for labs to improve their efficiency and reduce their costs.

With the rise in the COVID-19 pandemic, most companies have invested in the task-targeted analyzers to increase the safety of lab personnel and handle the virus samples, especially in the preanalytical phase and preparing the samples to analyze it. Some pharma companies and research labs prefer using task-targeted analyzers in the post-analytical phase to produce error-free results. Compared to the total laboratory automation, implementing task-targeted automation is low, creating high growth in the market.

The biotechnology and pharma companies are increasing their usages of automated laboratory instruments, creating lucrative opportunities for the players in the market. The improved agility with the reduced testing time can reduce lead time for quality control labs by 60% to 70% and eventually leading to real-time product releases. Additionally, hospital laboratories are unique entities within the hospitals. Around 92% of the hospitals operate with their laboratories. In recent years, private laboratories have expanded their footprints, especially in developing countries, fueling the market growth. Public health laboratories are implementing partnership strategies with the World Health Organization and other international health entities to prevent and control health threats. The investments in new technologies with automated features will be high in the upcoming years.

Segmentation by Product System o Automated Workstations o Automated Microplate Reader o Robotic Systems o Others) Software o LIMS o ELN o Others

Segmentation by Application Drug Discovery Clinical Diagnostics Genomics Solutions Microbiology Others

Segmentation by Automation Subtotal Automation Task Targeted Automation Total Laboratory Automation

Segmentation by End-User Biotechnology and Pharma Companies Hospitals and Diagnostic Laboratories Forensic Laboratories Food & Beverages Environmental Testing Laboratories Research And Academic Institutes

INSIGHTS BY GEOGRAPHY Many hospitals in North America have started to automate their labs to improve the quality of the labs, to provide better treatments to the people. Shortage of skilled laboratory technicians, increase in the number of diagnostic tests conducted, and increased investments in the life sciences industry are some of the major factors driving the demand for laboratory automation in the US. In Canada, two gene therapies for cancer treatment have been approved, and there are plans to implement somatic gene therapy in the coming years in lab automation market.

Segmentation by Geography North America o US o Canada Europe o Germany o France o UK o Italy o Spain APAC o China o Japan o India o Australia o South Korea Latin America o Brazil o Mexico o Argentina Middle East & Africa o South Africa o Saudi Arabia o Turkey

COMPETITIVE LANDSCAPE Manufacturers such as Abbott and Danaher are continuously focusing on product development and offering lab automation with new technology to increase their presence in the global market. In addition, key players are engaging in strategic acquisitions as part of their inorganic growth strategy to improve sales and profit margins. With the increase in the competition, vendors are expected to actively launch innovative devices to penetrate and tap the huge growth potential in the lab automation market. Danaher, Thermo Fisher Scientific, Tecan, Illumia, Abbott, and Agilent Technologies are the leading players and accounted for significant shares in the market.

Key Vendors Tecan Danaher Thermo Fisher Scientific Illumina Abbott Agilent Technologies LabVantage

Other Prominent Vendors Aurora Biomed Accelerated Technologies AgileBio Autoscribe Informatics Ambidata BD bioMrieux Bio-Rad Laboratories Blomesystem Benchling Bio-ITech BV CrelioHealth CompuGroup Medical Dassault Systmes Dotmatics Eppendorf F.Hoffmann-La Roche Gilson HighRes Biosolutions Hudson Robotics Hamilton INTEGRA Biosciences i-LIMS LabLite LabLynx Modul-Bio LabPLUS Novatek PerkinElmer Peak Analysis & Automation Promium QIAGEN Siemens Healthineers Synchron Lab Automation Sapio Sciences Sunquest Information Systems

KEY QUESTIONS ANSWERED: 1. How big is the lab automation market?2. What are the major drivers for the lab automation market?3. Which is the fastest-growing region during the forecasted period in the lab automation market?4. What segments are covered in the lab automation market?5. What is the impact of COVID-19 on the global laboratory automation market?Read the full report: https://www.reportlinker.com/p06103715/?utm_source=GNW

About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

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The lab automation market is expected to grow at a CAGR of 8.53% during 2021-2026 - GlobeNewswire

Home Automation For Fans Of Quick-and-Dirty Solutions – Hackaday

At Hackaday, we celebrate all kinds of projects, but well have to admit that the polished and professional-looking builds tend to catch our eye a lot more than perhaps they should. Theres plenty of love to be had for the rougher builds, though, of which this quick-and-dirty home automation system is a perfect example.

Before anyone rushes to state the obvious with, Should have used some relays, consider that [MAKE_IT_WITH_ME]s stated goal was to get the basics of a home automation system built with pretty much nothing but what can be found in one of those Arduino starter kits. And further, consider that landlords might not look kindly on tenants who wire a bunch of SSRs or Sonoff switches into the walls of their building. So this minimalist build is perfect for certain use cases. Its interface to the buildings electrical system is 100% mechanical, via a servo that travels along the bank of switches on a stepper-driven leadscrew. The servo has a modified horn to properly flick the rocker-style switches, and although changing from switch to switch is a bit slow, it works surprisingly well. The video below shows it in action.

While we can see it possibly working as-is for Decora-style switches that are seen in some markets, wed think some mods would be in order for the more standard toggle-style switch perhaps a finger extending out from the horn, along with a second servo to tilt the whole assembly away from the wall to allow it to clear the switch bats.

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Home Automation For Fans Of Quick-and-Dirty Solutions - Hackaday

Remote Access in the Continuous Processing Industry Take Five with Automation World – Automation World

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Related to this episode:

Im David Greenfield, Director of Content at Automation World and thanks for joining me for this Take Five with Automation Worldepisode where Ill be explaining why remote access technology is so popular in the process industries.

Now, I should begin by noting that we first noticed the popularity of remote access in the processing industries, as compared to the discrete manufacturing industries, while conducting research into automation technology spending trends for 2021. Two articles weve published so far from this research look at trends for the discrete and batch manufacturing industries. The report on our findings for the continuous process industries will be featured in our August 2021 issue and online as well. I should also note here that PMMI has created a report on adoption of remote access technologies among CPG manufacturers and the OEMs that serve this market.

So, while reviewing the results from the Automation World research, we noticed that remote access technologies ranked among the top five for expected spending in the continuous processing industries. Butit didnt rank that highly for discrete manufacturers.

Considering that a number of the same technologies ranked in the top 5 across all verticalsfor example, data acquisition and analytics, cybersecurity software, and IoT platform software, we were curious as to why remote access would rank so highly among continuous processors compared to the discrete manufacturing industries.

Josh Eastburn, director of technical marketing at Opto 22, suggests the reason for this is largely due to continuous process operations often being in hazardous, restricted, or remote areas. He pointed to the petrochemical industry as a perfect example of this.

And Jesse Hill, process industry manager at Beckhoff Automation, said, In upstream and midstream oil-and-gas applications, the control systems are often in remote locations that are difficult to access. And this can also be the case in downstream oil and gas and other large processing plants. So, even though the location of the assets may be within the confines of the plant itself, the system that needs monitoring and access may be hundreds of meters or even miles away.

Michael Risse, vice president and chief marketing officer at Seeq, pointed out that production assets in continuous processing tend to lend themselves to constant monitoring more so than in discrete industries. He explained that: time series datathe basis for monitoringis often limited to short bursts, such as a weld, a dip tank, or a seal in discrete manufacturing because operations there are more about assembly than long-running processes. This scenario changes, of course, when a discrete manufacturer puts sensors on a device. At that point, telemetry from the sensors is 100% time series data.

Now, despite the differences in remote monitoring use between discrete manufacturers and continuous processors, discrete manufacturing plants still have a need for remote access and monitoring. Aaron Crews, director for modernization solutions and consulting at Emerson said: increased use of remote access in discrete manufacturing was a trend we saw rapidly increase when the global pandemic limited the number of people that could be in a facility at any given time. He added that, because discrete manufacturing industries are more likely to be located close to population centers, having expert personnel arrive onsite is often less complicated and costly than in continuous processing.

And there are specific business trends influencing the increased use of remote monitoring too. For example, many companies are re-evaluating who should handle asset monitoring.

To show how this is playing out, Risse cited a supplier of turbines and steam traps that offers a monitoring system to its customers. He also noted a processing industry customer that has an internal remote monitoring and best practices center for monitoring assets on behalf of the companys plants.

Kevin Finnan, an industry consultant at Yokogawa, also noted this trend saying, Among Yokogawas customers, those most rapidly deploying remote access were those who had already been working on integrated operations or remote operations centers. These customers operate many facilities and are consolidating their subject matter expertise, maintenance support, and other disciplines in key remote locations.

So, I hope you enjoyed this Take Five with Automation World episode and remember to keep watching this space for new episodes each week to help keep you on top of whats happening in the world of industrial automation.

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Remote Access in the Continuous Processing Industry Take Five with Automation World - Automation World

Banking CFOs need to step up efforts in ESG, automation and crypto support – Accenture study – IT Brief Australia

The role of the banking CFO is changing - and disruption management will be key to their success, according to a recent study from Accenture.

Increasing investment in technology means that CFOs need to take a strategic approach to their business support, rather than trying to close the books on finances.

Accentures study of 1,300 senior finance leaders found that banking CFOs will face challenges such as sustainability reporting, technology investment, and cryptocurrency-related disruption.

According to the Breakout Speed report, 49% of banking CFOs say that one of their major focus points over the last two years has been how to identify and unlock value.

However, there is also a growing urgency to digitalise within finance and recognise new challenges such as remote working and agile working.

According to 77% of CFOs, the finance function will support new ways of working in the enterprise. The pandemic has played a significant part in making this change a reality, but there is more to come.

Accentures strategy and consulting managing director Ambrose Shannon says, CFOs are putting in place the control and assurance structures required to enable continued remote working.

On a more positive note, they see huge potential in being able to access talent from around the globe, as opposed to only the cities in which they have physical offices. This will help in finding new skills, such as analytics, which are in short supply in most markets.

Environmental, social and governance (ESG) and sustainability reporting will also come under greater scrutiny. This means finance teams will be expected to meet global standards such as the International Financial Reporting Standards (IFRS).

The report states that 72% of finance leaders believe finance is ultimately responsible for ESG in their enterprise. Finance must also be able to capture, check, and report large amounts of unstructured data.

This is a major ask, says Shannon. Among all C-suite executives, the CFO is the logical choice to drive the agenda across the three Rs of risk, regulation and returns.

This means implementing measurement, analytics and reporting capabilities focused on the impact of ESG-related topics on the enterprise. There are huge implications for the profitability of many existing business models.

The report also analyses the relationship that banking CFOs have with technology - 38% are likely to use technology to enable cost efficiencies, while 26% use it to support growth and 20% use it to provide new insights.

Cryptocurrency-related disruption is also close on the horizon, however, 72% of CFOs admit that their business systems are not ready to shift to cryptocurrencies and virtual.

Banking CFOs do, however, recognise the advantages of automation. The report states, To prepare for the future, extra consideration should be given to advanced analytics and machine learning, and how these technologies can enhance FP&A and other areas of finance.

Accenture recommends that organisations take a predictive stance towards ESG, automate to enhance compliance, and embed new skills into finance to support people and new technologies.

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Banking CFOs need to step up efforts in ESG, automation and crypto support - Accenture study - IT Brief Australia

Automation Market in Textile Industry: Forecast of Healthy YoY Growth Rate at 1.20% – PRNewswire

For the Right Perspective & Competitive Insights.Make confident decisions using our benchmarks and analysis.

https://www.technavio.com/talk-to-us?report=IRTNTR44254

Read the 120-page report with TOC on "Automation Market in Textile Industry Analysis Report byGeography (APAC, Europe, North America, South America, and MEA), Solution (hardware, software, and services), and Component (field devices, control devices, and communication), and the Segment Forecasts,2021-2025".Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales and supply functions.

The automation market in the textile industry is driven by the increasing demand for control devices and applications. In addition, the technological developments in the automation market for the textile industry is anticipated to boost the growth of the automation market in the textile industry.

More Details: https://www.technavio.com/report/automation-market-in-textile-industry-analysis

Major Five Automation in Textile Industry Companies:

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Automation Market in Textile Industry Geography Outlook (Revenue, USD mn, 2020-2025)

Automation Market in Textile Industry Solution Outlook (Revenue, USD mn, 2020-2025)

Automation Market in Textile Industry Component Outlook (Revenue, USD mn, 2020-2025)

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About TechnavioTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

Our growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email:[emailprotected]Report: https://www.technavio.com/talk-to-us?report=IRTNTR44254

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Automation Market in Textile Industry: Forecast of Healthy YoY Growth Rate at 1.20% - PRNewswire

Insights on the Industrial Automation Global Market to 2027 – Featuring ABB, Siemens and Schneider Electric Among Others – Yahoo Finance

Dublin, July 06, 2021 (GLOBE NEWSWIRE) -- The "Industrial Automation Market by Component (Plant-level Controls, Enterprise-level Controls, Plant Instrumentation), Mode of Automation (Semi-automatic, Fully-automatic), and End User (Oil & Gas, Automotive, Food & Beverage, Chemicals & Materials)-Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The industrial automation market is expected to record a CAGR of 9.3% from 2020 to 2027 to reach $306.2 billion by 2027.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities. The increasing popularity of industrial robots and enterprise-level controls and the rising awareness regarding the benefits of automation among end-use industries are the factors propelling the growth of the industrial automation market. The growing adoption of industrial IoT and machine learning technologies supports the implementation of automation across end-use industries due to benefits such as reduced costs from predictive maintenance and increased operational efficiency. Robotic installations are increasing rapidly to replace human workers completely or assist them in intensive tasks to eliminate production errors.

The growing popularity of plant instrumentation and enterprise-level control components for automating hardware and software across industries supports the growth of the industrial automation market. The growing need for monitoring, controlling, and analyzing machine operations and predicting downtime & faults drives the need for sensors. A wide range of sensor technologies has been developed to address different applications and environments. Proximity sensors, vision sensors, ultrasonic sensors, position sensors, photoelectric sensors, temperature sensors, and inclination sensors are some of the sensors used in automation applications. The development of automation solutions with integrated sensors increases the performance efficiency of manufacturing plants and allows companies to manage operating costs.

The COVID-19 pandemic has moderately impacted industrial operations and manufacturing activities globally, affecting the growth of the industrial automation market. Lowered demand for luxury goods, automobiles, and electronics and countrywide lockdowns during the pandemic have reduced sales revenues in the automotive, consumer electronics, and consumer goods industries. These factors also impacted investments in industrial automation solutions during 2020. The industrial automation market is expected to recover steadily in 2021 and 2022 as companies are projected to implement automated systems to minimize human intervention in industrial and manufacturing processes.

Based on component, the industrial automation market is segmented into plant instrumentation, plant-level controls, and enterprise-level controls. The plant instrumentation segment is projected to witness considerable growth over the forecast period due to the growing need for sensors, robots, and machine vision systems among both basic and advanced manufacturing facilities. Machine vision enables machines to use vision for performing industrial tasks. It uses cameras, sensors, and computing power to help machines understand images and perform industrial tasks such as manufacturing and quality verification. These features enable companies to monitor production & industrial operations and minimize errors in the final products.

Based on end user, the industrial automation market has been segmented as oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense, and other end users. In 2020, the oil & gas segment accounted for the largest share of the overall market, due to the heavy implementation of industrial automation solutions across upstream, midstream, and downstream processes. Benefits of implementing industrial automation solutions include optimized supply chain and spare parts management, elimination of organizational inefficiencies, and improved workforce deployment. Key players in the industrial automation market have launched their IIoT platforms, such as Honeywell's Sentience, ABB's Ability, Schneider Electric's EcoStruxture, and Siemens's MindSphere to support the digitalization of oil fields.

An in-depth analysis of the geographical scenario of the industrial automation market provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. In 2020, Asia-Pacific commanded the largest share of the industrial automation market, followed by Europe, North America, Latin America, and the Middle East & Africa.

The key players operating in the industrial automation market are ABB Group (Switzerland), Rockwell Automation (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Schneider Electric (France), Yokogawa Electric Corporation (Japan), KUKA AG (Germany), Emerson Electric (U.S.), Fanuc (Japan), Honeywell International (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Advantech Co., Ltd. (Taiwan), and Fuji Electric Co., Ltd. (Japan).

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Insights4.1. Introduction4.2. Market Dynamics4.2.1. Drivers4.2.1.1. Increasing Adoption of Robots in the Manufacturing Sector4.2.1.2. Government Initiatives to Promote Industrial Development4.2.1.3. Rising Investments for Transforming Conventional Production Facilities4.2.1.4. High Labor Cost in North America and Europe4.2.1.5. Growing Demand for Safe and Digitized Production Processes4.2.2. Restraints4.2.2.1. High Initial Investment4.2.3. Opportunities4.2.3.1. Growing Number of SMEs4.2.3.2. Rising Demand for IIoT in Southeast Asia's Manufacturing Sector4.2.4. Challenges4.2.4.2. Cyber Risks Associated with Automated Systems4.3. Value Chain Analysis4.3.1. Raw Material Providers4.3.2. Hardware & Software Developers4.3.3. Plant Instrumentation4.3.4. Plant-level Controls4.3.5. Enterprise-level Controls4.3.6. System Integrators4.3.7. End Users4.4. The Impact of COVID-19 on the Industrial Automation Market4.4.1. Scenario A: Severe Impact4.4.2. Scenario B: Slow Recovery4.4.3. Scenario C: Fast Recovery4.5. Impact of AI and Blockchain on the Industrial Automation Market4.6. Advent of 5G in Industrial Automation

5. Global Industrial Automation Market, by Component5.1. Introduction5.2. Enterprise-level Controls5.2.1. Product Lifecycle Management (PLM)5.2.2. Enterprise Resource Planning (ERP)5.2.3. Manufacturing Execution Systems (MES)5.3. Plant Instrumentation5.3.1. Motors & Drives5.3.2. Robots5.3.2.1. Articulated Robots5.3.2.2. SCARA 5.3.2.3. Collaborative Robots5.3.2.4. Cartesian Robots5.3.2.5. Other Robots5.3.3. Sensors5.3.4. Machine Vision Systems5.3.4.1. Cameras5.3.4.2. Optics and LED Lighting5.3.5. Relays & Switches5.3.6. Other Plant Instrumentation Components5.4. Plant-level Controls5.4.1. Supervisory Control and Data Acquisition (SCADA)5.4.2. Distributed Control Systems (DCS)5.4.3. Programmable Logic Controllers (PLC)5.4.4. Other Plant-level Controls

6. Global Industrial Automation Market, by Mode of Automation6.1. Introduction6.2. Semi-automatic Systems6.3. Fully-automatic Systems

7. Global Industrial Automation Market, by End User7.1. Introduction7.2. Oil & Gas7.2.1. Upstream7.2.2. Downstream7.2.3. Midstream7.3. Automotive7.4. Food & Beverage7.4.1. Dairy Processing7.4.2. Beverages & Distilleries7.4.3. Bakery & Confectionery7.4.4. Oils & Fats 7.4.5. Meat, Poultry, and Seafood Products7.4.6. Fruits & Vegetables7.4.7. Others7.5. Semiconductors & Electronics7.6. Chemicals & Materials7.7. Consumer Goods7.8. Mining & Metals7.9. Power7.10. Pharmaceuticals & Biotech7.11. Machines & Tools7.12. Paper & Pulp7.13. Aerospace & Defense7.14. Other End Users

8. Industrial Automation Market, by Geography8.1. Introduction8.2. Asia-pacific8.2.1. China8.2.2. Japan8.2.3. India 8.2.4. South Korea8.2.5. Singapore8.2.6. Rest of Asia-Pacific (RoAPAC)8.3. Europe8.3.1. Germany8.3.2. U.K.8.3.3. Italy8.3.4. The Netherlands8.3.5. Sweden8.3.6. France8.3.7. Spain8.3.8. Rest of Europe (RoE)8.4. North America8.4.1. U.S.8.4.2. Canada8.5. Latin America8.5.1. Brazil8.5.2. Mexico8.5.3. Rest of Latin America (RoLATAM)8.6. Middle East & Africa8.6.1. South Africa 8.6.2. UAE8.6.3. Saudi Arabia8.6.4. Rest of the Middle East & Africa (RoMEA)

9. Competitive Landscape9.1. Introduction9.2. Key Growth Strategies9.3. Market Share Analysis (2020)9.3.1. Siemens AG9.3.2. Mitsubishi Electric Corporation9.3.3. Emerson Electric Co.9.3.4. ABB Group9.3.5. Schneider Electric SE

10. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)10.1. Siemens AG10.2. Emerson Electric Co.10.3. Mitsubishi Electric Corporation10.4. ABB Group10.5. Schneider Electric SE10.6. Rockwell Automation, Inc.10.7. Yaskawa Electric Corporation10.8. Yokogawa Electric Corporation10.9. Fanuc Corporation10.10. Honeywell International Inc 10.11. Kuka AG10.12. General Electric Company10.13. Omron Corporation10.14. Advantech Co., Ltd.10.15. Fuji Electric Co., Ltd.

11. Appendix

Story continues

For more information about this report visit https://www.researchandmarkets.com/r/hg7pl6

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Insights on the Industrial Automation Global Market to 2027 - Featuring ABB, Siemens and Schneider Electric Among Others - Yahoo Finance



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