Automation Anywhere Acquires FortressIQ Amid Potential IPO Journey – ChannelE2E

by Joe Panettieri Dec 23, 2021

Robotic Process Automation (RPA) software company Automation Anywhere has acquired FortressIQ, a process discovery, software mining and analytics company that had been backed by Microsofts venture capital fund. Financial terms of the deal were not disclosed.

This is technology M&A deal number 801 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.

The acquisitions surfaces as Automation Anywhere gears up for a potential IPO(initial public offering).

So what does Automation Anywhere potentially gain in this deal? FortressIQs artificial intelligence software allows businesses to rapidly document their business processes. From there, partners and customers can pinpoint business operations that are ideal targets for automation. Automation Anywheres software, enhanced by the FortressIQ acquisition, will provide fast, accurate visibility on which processes can and should be automated.

Mihir Shukla, CEO & co-founder, Automation Anywhere

FortressIQ has 61 employees listed on LinkedIn. The company in May 2020 raised $30 million in Series B funding led byM12 (Microsofts venture fund), and Tiger Global Management, with participation from earlier investors Boldstart Ventures, Comcast Ventures, Eniac Ventures, and Lightspeed Venture Partners.

Ahead of the M&A deal, both Automation Anywhere and FortressIQ have been busy on the partner ecosystem front. Automation Anywhere launched aVerified Services Partner Program in September 2021. And FortressIQ in 2020 rolled out its Pinnacle Partner Programan enhanced partner program for management consulting, system integration (SI) and business process outsourcing (BPO) partners.

In a prepared statement about the deal, Automation Anywhere CEO Mihir Shukla said:

The Fortress IQ team are the pioneers of process intelligence, making this a perfect match. Together, Automation Anywhere and FortressIQ will reshape the future of automation, changing the way our customers automate, adapt, and accelerate as they pursue digital transformation initiatives. Im thrilled to welcome FortressIQ to the Automation Anywhere family once the transaction closes.

Added Pankaj Chowdry, CEO and founder of FortressIQ:

Automation Anywhere is a global leader of the RPA revolution, and nearly two decades later, is reimagining automation to be cloud-native, intelligent, and designed for every person in every company. We share a vision to deliver and automate at scale, as well as share common values to help customers succeed on a trusted platform. This will change the industry, and Im excited about what we can automate next.

RPA software allows businesses to write code and bots that rapidly automate manual tasks across multiple departments from IT service desks to HR, finance, customer support and more.

Theglobal RPA software marketis expected to reach $13.74 billion by 2028, up from $1.57 billion in 2020. The markets compound annual growth rate from 2021 to 2028 is expected to be 32.8%, Grand View Research predicts.

In addition to Automation Anywhere, key RPA software companies and bot software tools include Blue Prism, Microsoft Power Automate,Salesforce,ServiceNowandUiPath, among others.

Merger and Acquisition (M&A) activity in the RPA software market has been steady and strong. Example deals includeSalesforce acquiring Servicetrace RPA, andServiceNow buying Intellibot.

Much of the RPA software industry focuses on enterprise customers. Still, RPA may even eventually catch on in the SMB market as MSPs seek to further automate internal and customer operations.

Two prime examples: ElectroNeek raised $20 million in June 2021 and Rewst raised $2.5 million in seed funding in November 2021. Both startups develop RPA software for MSPs in the SMB market.

Disclosure: Author Joe Panettieri is a member of Florida Funders, an angel investor network that invested in Rewst.

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Automation Anywhere Acquires FortressIQ Amid Potential IPO Journey - ChannelE2E

Top 10 Automation Tools To Learn In 2022 And Beyond – Analytics Insight

Automation is an excellent way to scale up operations, save time as well as money. Almost all industries rely on automation to accomplish their business objectives. A point worth a mention is that using the right tools for automation at the right time is essential in order to deliver a quality product at speed.Thus, relying on the right automation tools is critical. On that note, here are the top 10 automation tools to learn in 2022 and beyond.

Cucumber is the one automation tool that has served to be one of the best. This tool is aimed at enhancing user experience. What cannot go out of mention is the fact that Cucumber supports a good number of languages. Code execution on different frameworks, writing of test code in simple English, etc. are a few of the many exceptional features of Cucumber. With this automation tool being free, can anything get better?

Selenium is yet another powerful open-source webautomation tool that one can execute in multiple browsers as well as operating systems. Well, not just that it also supports a range of programming languages. It boasts of features such as the creation of complex and more advanced automation scripts, parallel test execution, etc.

This automation tool supports both web and mobile app development environments. Here, there are hundreds of built-in keywords for creating test cases. A remarkable feature of this automation tool is that it can be integrated with a variety of other tools such as JIRA, qTest, Kobiton, Git, Slack, etc. Also, someone who is a beginner at programming can comfortably rely on Katalon Studio.

Appium is yet another open-source automation tool that is intended mainly for mobile applications. It is based on server architecture and is built for both iOS and Android. Appium is easy to set up and use as well. No wonder why Appium is one of the best automation tools.

LambdaTest is a cross-browser testing tool that is cloud-based and helps the development teams in managing software testing. One of the best applications of this automation tool is in creating full-page screenshots of websites across a variety of devices, operating systems, browsers, and resolutions.

HPE Unified Function Testing (UFT) is that one cross-platform automation tool that brings various developers and testers on a single platform. In this way, theyd ultimately come up with the best automation testing solutions. Additionally, HPE Unified Function Testing (UFT) is cost-effective and simpler.

WorkSoft, an exclusive automation tool, is aimed at simplifying the worlds most complex automation problems. In addition to being a code-free continuous test automation platform, WorkSoft provides an integrated test data management tool.

Rational Functional Tester (RFT) supports a range of development environments and is geared towards regression and functional testing. This automation tool is known to provide the best services in automation testing. Few of the many notable features of RFT include storyboard testing and support for two scripting languages, which are VB.Net and Java.

This powerful automation tool supports a series of striking features such as reusability of scripts, asynchronous testing, etc. SoapUI, designed by Smartbear, provides an outstandingAPITest Automation Framework. Yet another point that is worth a mention is that this tool is open-source.

TestComplete supports usage with web, mobile, and desktop applications. Regression testing, data-driven testing, and distributed testing are all no less than a cakewalk with TestComplete in place. Also, this automation tool supports several scripting languages such as JavaScript and Python. Some remarkable features include script reusability, no coding with the creation of complex automated test scripts, etc.

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Ashish is the Editor-in-Chief of Analytics Insight. He brings over 16 years of experience in business research and analytics across different sectors. He graduated from National Institute of Technology (NIT), Durgapur in 2001. Ashish has completed executive programs in business analytics from IIT, Hyderabad and Narsee Monjee Institute of Management Studies (NMIMS).

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Top 10 Automation Tools To Learn In 2022 And Beyond - Analytics Insight

What does the future of intelligent automation look like in 2022? – IT Brief New Zealand

Come 2022, Intelligent Automation will continue to unlock opportunities and improve business operations, according to Blue Prism.

Blue Prism has released its annual list of trends to watch nwxt year in the field of Intelligent Automation.

Experts at Blue Prism believe that many firms are continuing to adapt and change to new ways of working because of the pandemic and that IA maximises the workforces potential if positioned as a strategic imperative, not a tactical fix.

"2022 will see further convergence between previously disparate areas of automation including basic and advanced forms of process automation (RPA, iBPMS, Low Code Workflow tools), Intelligent Document Processing, Rules-based and Artificial Intelligence (AI)- based Decision engines and others," says Dan Ternes, chief technology officer, APJ, Blue Prism.

"Organisations will continue to look for easier integration while finding the sweet spot across these technologies to support greater efficiencies and improve business operations," he says.

Ternes stated that enterprises across Asia Pacific continued to show greater interest in IA and there are still some gaps to be filled as the industry starts to mature.

"For Blue Prism, educating and engaging with our target audiences is key to facilitate a stronger understanding about IA. Blue Prisms IA solutions empower enterprises to kickstart and accelerate their automation journey," he says.

Other trends identified by Blue Prism in IA and the deployment of what is termed digital labour or digital robots include:

IA will help companies become more sustainable

Automation has a huge (as yet unrealised) potential to further reduce the need for travel and to increase efficiencies of overall processes. This reduces a company's carbon footprint and will optimise the use of IT systems. Digital labour also means that enterprises can reimagine the way of delivering existing or new products or services. Standardising the go-to-market product or service through digital labour provides a far reduced cost approach. In the case of sustainability, in-region / in-language services can be offered without the carbon footprint, offerings can be more easily trailed without the investment leading to a lower business burden.

Hybrid working will usher in more digital robots and AI

Hybrid working is leading to an increased demand for real-time computing and decision-making. Given the wide adoption of public and private clouds, colocations, and edge, challenges, such as latency and full-time manual management emerge. AI and machine learning (ML) will be critical to optimising the performance of these networks.

There will be greater penetration of digital robots into organisations across AsiaMany organisations fail to adopt and scale digital robots to support business operations. As more use-cases demonstrate how scaling automation leads to improved business outcomes for specific target markets and industries, a greater penetration of digital will be expected in the coming year ahead. Organisations will look to these digital workers to benefit from cost reduction, increased quality and compliance, enhanced customer and employee experience, as well as improved organisational scalability and agility.

"Automation needs to be positioned as a strategical imperative, not a tactical fix," says Ternes.

"With automation integrated as a key component of organisational culture and strategy, organisations are likely to benefit on their transformative potential of automation."

Top sectors predicted to have the greatest adoption of IA in Asia?

Top sectors include Healthcare, Energy and Utilities, Financial Services and Insurance. It is hard to pick one single industry as many of the core processes IA can assist with are in fact cross-industry be that quote to cash, HR, financial reconciliation etc. Of the industries where gain can undoubtedly be made utilities, health and government are exciting areas where you can see not just singular companies or organisational units being able to make huge gains using IA but in fact collaborations across different organisations utilising common Digital Exchanges (DX).

In Hong Kong, 77 percent of organisations believe that they have huge potential to leverage on automation, citing the ability to refocus resources on value-adding tasks, increased efficiencies, as well as reduction of errors and costs.

Human resources: benefitting the most from IA in the post pandemic era

Employee onboarding and offboarding are the immediate automation requirements, especially considering that most HR departments are experiencing similar levels of churn, exacerbating the situation. Beyond that, IA helps decrease the amount of training required for new hires.

Continued evolution of digital robots

Access to more intelligent decisioning technologies will increase the capabilities of digital robots to address non-deterministic or predictive challenges. Additionally, self-healing will be established as a way for these workers to adapt to changing environments and applications. Access across a broader range of technologies and more complex processes will also introduce a more collaborative and dynamic landscape.

Greater security when implementing and scaling IA

GDPR compliance ensures that any and all automation implemented is auditable and traceable. Instilling data and process governance would be essential for organisations looking to implement and scale intelligent automation.

"Security logs within Blue Prism software ensures that proper governance surrounding data and processes is in place," says Ternes.

"Thus, Blue Prism is the only RPA solution thats built based on security as it was first build for the Royal Bank of Scotland and is compliant to all the security requirements like SOX compliance."

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What does the future of intelligent automation look like in 2022? - IT Brief New Zealand

10 Most Popular Robotic Process Automation Tools of 2021 – Analytics Insight

Robotic process automation helps organizations save time and money by minimizing mistakes

Robotic process automation solutions from Keysight Software automates the performance of repetitive operations. It boosts productivity and cuts down on mistakes. It features a global fusion engine that allows it to test any system, from mobile to mainframe. It runs on Windows, Mac OS X, and Linux. It offers end-to-end automation and can communicate with a variety of systems to complete the work.

Rapise is a test automation tool from Inflectra that focuses on complex systems like MS Dynamics, Salesforce, and SAP. Rapise, now in its sixth version, can automate web, desktop, and mobile apps, as well as handle hybrid business scenarios. Rapise allows testers and engineers to connect to the user interfaces of the apps theyre testing and mimic user behavior to complete business tasks. Rapise is an on-premises solution that is user-friendly for both programmers and non-programmers.

ElectroNeek is an with a one-of-a-kind solution for mManaged sService pProviders and IT teams that are revolutionizing the RPA industry. Bots created with the Studio Pro IDE do not require licenses to run. This implies that ElectroNeek does not require any commercial software, and enterprises that use it for automation may grow up exponentially.

Automation Anywhere is a leading RPA solution for automating enterprise-grade businesses in the financial, public, telecom, HR, and other industries. Attended and unattended automation, IP address processing, data processing, and compliance operations automation are just a few of the main characteristics. The vendor places a high focus on security, which is why they have a variety of security frameworks (role-based, network-based access management, end-to-end data protection, etc.)

Blue Prism is anRPA platform that allows companies of all sizes to create and manage RPA bots that automate processes, systems, communications, and people. Its compatible with any app on any platform. Although it is user-friendly for developers, you will require programming skills to utilize this tool. Medium and big businesses will benefit from this offering. It offers a deployment model that works in a variety of settings. The network and software credentials are secure.

UiPath is a process automation tool that assists companies and government organizations in streamlining their operations. UiPath has a no-code/low-code development environment, the ability to code in many coding languages (Java, VB.Net, Python), and the ability for users to store licenses in a single database. UiPath has all of the necessary functionality. Support for Citrix is provided. Its very straightforward to use even if youre not a coder. It can handle complex procedures.

It is at the forefront of RPA technology, pushing innovation in the discovery of appropriate automated procedures. Automate is the Kryon RPA name. For automation, it offers three options. There are three types of unattended devices: unattended, attended, and hybrid devices. Unattended software is a smart tool that can make decisions on its own. The attended tool will increase your productivity by allowing you to work faster, more accurately, and more efficiently.

Pega is a business process management solution. It is appropriate for use on desktop servers. It is the only company that provides cloud-based services or solutions. It works on Windows, Linux, and Mac computers. This programme is designed for medium and large businesses. The Pegasystems automation framework tool supports all use situations. Pega integrates architecture with a business rule management system and a predictive analytics-based decision management methodology.

Kofax is a powerful tool for extracting data from any application or data source. This includes websites, portals, desktop programmes, and business systems that do not require any coding. Kofax may be utilized with almost any application. There is no need to know how to code to use this tool. It can receive data from any website, desktop application, or gateway.

Nintex RPA is one of the leading no-code/low-code RPA systems for medium and big businesses that allows ordinary processes to be automated. It includes a no-code drag-and-drop functionality that gives non-technical workers access to sophisticated management capabilities in huge enterprises. By automating data validation, data reconciliation, and the whole data management process, Nintex helps to assure data consistency.

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How hybrid wealth automation is helping advisors navigate COVID-19 – Wealth Professional

Aside from onboarding, advisors are dealing with the operational cost and risk of compliance. Regulations are growing in complexity, especially around sensitive risks like anti-money laundering and identity theft. Firms must absorb increasing costs to navigate these complexities and abide by evolving rules and regulations. Rolling out a champagne and caviar trade compliance program on a bread and water budget, is the biggest obstacle, according to a respondent in the 2021 Thomson Reuters report The Cost of Compliance. With technology, advisors can more easily navigate evolving regulatory requirements to become compliant. For example, digital audit trails provide timestamps of e-signatures and can validate that the person filling out the form was also the person who signed it. Before these types of solutions, a signature was simply not auditable.

Use cases for digital solutions werent apparent when I left the investment firm, which is why I started Mako Fintech in 2018 a company dedicated to creating technological solutions for Canadas wealth and asset management industry. By learning first-hand the frustrations that came along with the job, I saw the need for wealth managers to become more proficient with technology that customizes workflow automation. When the pandemic hit in March 2020, it became evident this technology was practically essential. In what seemed like an overnight transition, many firms quickly moved operations online and those that didnt started seeing assets moving to other online-first institutions. The demand for digital solutions increased dramatically. It was around then that our phones started ringing off the hook, and the impact for us at Mako was seismic. Our implementation queue will be full for months to come and were rapidly hiring to keep up with customer demand.

Organizations across Canada were forced to adapt and be nimble when the pandemic first hit, and this is still the case almost two years later. Personally, I think hybrid and remote work arrangements will be part of society moving forward for health and safety, and to conduct business more efficiently. For firms that have recently found and integrated with a technology solution that meets their needs, those radically new ways of doing things are likely to stay in place for the long haul. Digital transformation is not a process that every firm wants to make repeatedly.

Fortunately, in wealth management, advisors dont have to choose between embracing digital or operating manually because its not an either-or situation. The industry will continue to meet clients in-person when its safe to do so while staying connected through technology. Wealth managers can have their cake and eat it too.

Raphael Bouskila is the CEO of Mako Financial Technologies, a Montreal-based technology firm that provides customized digital solutions to automate onboarding and client engagement processes for wealth managers.

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How hybrid wealth automation is helping advisors navigate COVID-19 - Wealth Professional

Converge eyeing to offer IoT-based home automation, security – BusinessWorld Online

By Arjay L. Balinbin, Senior Reporter

CONVERGE ICT Solutions, Inc. is eyeing to offer a solution for automating and securing homes as part of the companys plan to expand its products and services, its chief operations officer said.

Early days for the Philippines, but its quite developed in other countries; it goes by the fancy name of Internet of Things (IoT) home security and automation, Converge Chief Operations Officer Jesus C. Romero told BusinessWorld in a recent virtual interview.

Thats also something thats coming soon In other countries, its already something very mainstream and, of course, for example in the area of sustainability, one of the things that home automation does is make your energy consumption more efficient, and sustainability is one of the important things for Converge, he added.

Market and consumer data provider Statista said that applying the IoT in the context of a private household is what is commonly known as a smart home, which uses connected devices and appliances to perform actions, tasks, and automated routines to save money, time, and energy.

The Philippine smart home market, according to Statista, is expected to generate $169 million in revenue this year, with a household penetration of 7.5%. By 2026, it is expected to rise to 16.6%.

Revenue is expected to show a compound annual growth rate (CAGR 2021-2026) of 20.33%, resulting in a projected market volume of $426 million by 2026, it also said.

This year, the Philippines ranked 48th out of 110 countries in the Digital Quality of Life Index because of improvements in internet quality and electronic security, according to a study by information technology firm Surfshark Ltd.

In 2020, the country ranked 66th due to poor scores in internet affordability, internet quality, electronic infrastructure, electronic security, and electronic government. The Philippines main issue was its internet quality, which ranked 84th.

Converge announced on Tuesday last week that the Philippine Rating Services Corp. (PhilRatings) had assigned it a PRS Aaa rating (very strong) with a stable outlook for its planned maiden bond issuance worth P5 billion.

The company, which aims to cover 55% of Philippine households by 2023, also said the funds to be generated from the proposed bond offering would be used to support its capital expenditures.

Converges attributable net income for the first nine months of the year went up by 137% to P5.20 billion from P2.19 billion in the same period in 2020.

January-to-September revenues increased by 76% to P18.83 billion from P10.68 billion last year.

Converge ICT shares closed 0.30% higher at P33 apiece on Friday.

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Converge eyeing to offer IoT-based home automation, security - BusinessWorld Online

The Global Data Center Automation Software Market is expected to grow by $ 16.43 bn during 2021-2025, progressing at a CAGR of 24.57% during the…

Global Data Center Automation Software Market 2021-2025 The analyst has been monitoring the data center automation software market and it is poised to grow by $ 16. 43 bn during 2021-2025, progressing at a CAGR of 24.

New York, Dec. 22, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Data Center Automation Software Market 2021-2025" - https://www.reportlinker.com/p05791364/?utm_source=GNW 57% during the forecast period. Our report on the data center automation software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing cost efficiency with respect to operations and migration from on-premise to cloud. In addition, increasing cost efficiency with respect to operations is anticipated to boost the growth of the market as well.The data center automation software market analysis includes the deployment segment and geographic landscape.

The data center automation software market is segmented as below:By Deployment On-premise Cloud-based

By Geographical Landscape North America Europe APAC MEA South America

This study identifies the growing number of partnerships and acquisitionsas one of the prime reasons driving the data center automation software market growth during the next few years.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on data center automation software market covers the following areas: Data center automation software market sizing Data center automation software market forecast Data center automation software market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading data center automation software market vendors that include ABB Ltd., BMC Software Inc., Cisco Systems Inc., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Micro Focus International Plc, NEC Corp., and ServiceNow Inc. Also, the data center automation software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavios market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.Read the full report: https://www.reportlinker.com/p05791364/?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 Global Data Center Automation Software Market is expected to grow by $ 16.43 bn during 2021-2025, progressing at a CAGR of 24.57% during the...

Acquisitions, AI and automation, and privacy-focused legislation to shape data protection in 2022 – IT Brief New Zealand

Acquisitions, AI and automation, and privacy-focused legislation will shape the data protection sector in 2022, according to new predictions from Veeam Software.

"Over the past year, there's been a clear shift in focus to improving remote working capabilities, access to cloud infrastructure and securing data," Veeam Software chief technology officer, Danny Allan.

He says that while hybrid and multi-cloud models are certainly not new, the freedom they provide will make it even more of a reality moving forward.

"With 2022 just around the corner and promising to enable the exponential growth in the data protection industry, you might be wondering what's next," he says.

According to Allan, key trends the industry can expect to see in the next year include:

Acquisitions will stagnate as company valuations outstrip available assetsIn 2021, global M&A activity reached new highs aided by low-interest rates and high stock prices.

"In 2022, we will see that momentum shift. Larger acquisitions will be few and far between as company valuations continue to rise," Allan says.

AI and automation will replace entry-level jobs in the finance, healthcare, legal and software industriesAllan says the talent shortage will leave many jobs unfilled, making way for the advancement of artificial intelligence and automation to fill new roles.

"In 2022, we will see AI and automation capable of filling positions in other hard-hit sectors like the finance, healthcare, legal and software industries."

CI/CD will stabilise and standardise to become an IT team requirement"In 2022, we're going to see a shift towards more stability and standardisation for Continuous Integration/Continuous Delivery," Allan says.

"IT leaders have an opportunity to capitalise on this high-growth and high-valuation market to increase deployment activity and solve the 'day two' operations problem."

Tech's labour market will be met with big money and big challenges"As we continue to see turnover and lower employee retention, tech salaries will begin to grow in 2022 to incentivise talent to stay," Allan says.

"This will present bigger challenges, especially to the folks in the startup and VC world. The bigger tech giants are the ones who can meet the high dollar demand and deliver benefits for a competitive workforce."

New privacy-focused legislation will shift attention to data sovereignty cloudsNext year, there will be much more focus on data sovereignty clouds to keep data within nations or within a certain physical location. "This is a far more specified cloud model that we're starting to see in EMEA with Gaia-X," Allan says.

Containers will become mainstream to support the cloud explosion of 2021Allan says remote working will continue in 2022, and companies will be forced to develop long-term remote working strategies to ensure efficiency, sustainability and retain employees seeking flexibility.

"This remote work strategy demands cloud-based solutions, which will result in an explosion of cloud service adoption."

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Acquisitions, AI and automation, and privacy-focused legislation to shape data protection in 2022 - IT Brief New Zealand

Nintex receives award for digital process automation and recognition of workplace culture – IT Brief New Zealand

Nintex has announced it has received the Aragon Research's 2021 Innovation Award for Digital Transaction Management (DTM), following recognition for its digital process automation software.

The company emerged as an Innovator for the DTM market in 2021, defined by Aragon Research as 'technology providers with a best-in-class technology or service that differentiates them in their respective market'.

The Aragon Research Awards Ceremony was held virtually at the Aragon Engage conference on 2nd December. In recognition of its software innovation, Nintex also received a Leader designation in three Aragon Research Globe Reports in 2021 for the following market categories: Digital Transaction Management, Digital Business Platforms, and Workflow and Content Automation."At Nintex, we are relentlessly focused on helping organisations digitally transform the way their people work by providing process automation management software solutions that combine power and ease of use," says Nintex CEO, Eric Johnson.

"As we look towards 2022, the global demand for automation technology continues to increase as organisational leaders require digital solutions that deliver great experiences for their employees and customers."

Throughout 2021, Nintex has received numerous accolades for its software and company, such as the recent Seattle Business Magazine's recognition of the Nintex workplace and culture. Nintex achieved first place in the magazine's Washington's 2021 100 Best Companies To Work For program, based on anonymous survey data submitted by Nintex employees located in the region.

Nintex was also recognised by customers who provided feedback on technology in the market, resulting in TrustRadius honouring Nintex with a 2021 Tech Cares Award for the second consecutive year. The program celebrates organisations that have contributed directly to combat COVID-19, either with their products, knowledge or financial support, and those that have gone above and beyond to provide strong Corporate Social Responsibility programs and workplace culture.

The Channel Company also recognised the company's partner program in the 2021 CRN Partner Program Guide as a five-star winner for the third consecutive year.

Nintex's market momentum further accelerated with its June 2021 acquisition of eSignature provider AssureSign, which it has now integrated with Nintex Workflow Cloud as a native eSign offering known as Nintex AssureSign, and announcing TPG Capital as its new majority investor in October 2021.

Nintex Process Platform features and functionality highlights this year include:

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Nintex receives award for digital process automation and recognition of workplace culture - IT Brief New Zealand

Modular cutting and stacking system advances flexible, fully automated operations – CompositesWorld

A new family of composite cutting and stacking cells are designed to operate as an integral part of automated composite part production lines rather than as solitary units. As such, they bring processors new levels of operational efficiency, quality control and worker ergonomics. The systems can be used with a range of composite materials, including compression molded SMC, wet-compression molded carbon fiber, RTMd dry fabric preforms and prepregs for autoclave or out-of-autoclave (OOA)processes. Photo Credit, all images: Schmidt & Heinzmann GmbH & Co. KG

When combined with CAD-based pattern design and advanced nesting software, digital (computer-controlled) cutting systemsfor composites enable fabricators to not only reduce material waste and costs even with complex-shaped parts but also reduce cutting time from days (when done manually) to minutes, lowering cycle time and increasing repeatability and reproducibility (R&R). Still, given the degree of maturity of composite cutting equipment, major innovations arent common.

Although cutting tables offer substantial speed and efficiency advantages, integrating them into fully automated production cells can be a challenge. Importantly, the process doesnt end with cutting out individual plies: Each piece must be collected, sorted, weighed and laid up in the ply stack prior to transfer to the next process step, be that preforming, compression molding, infusion or autoclave cure. Thus, seemingly simple tasks, like automated unloading of the cutting table, can and do become complicated quickly when considered in terms of the larger production process. For example, if nesting efficiency isnt balanced against ply prioritization, the first piece needed in a layup could be located at the far end of the table and the end of the cutting job where automated handling equipment cant easily access it. When high-rate fabrication processes are involved, extra time required to work around such inefficiencies can kill attempts to reduce cycle time and squeeze greater efficiency (and cost) from manufacturing operations.

To effectively integrate digital cutting systems into automated part production cells, all relevant equipment, including cutting and stacking (C&S) systems, robots and presses, must rapidly and accurately exchange data to manage timing and control quality.

In an effort to solve these problems, engineers at composite machinery OEM Schmidt & Heinzmann GmbH & Co. KG (S&H, Bruchsal, Germany) took a different approach to human/machine interfaces (HMIs) and the equipments underlying operating principles. This led to the development in 2015 of S&Hs AutoCut composite C&S system, with single cutting and stacking tables. In 2019, the technology was expanded and made more modular by allowing customers to combine multiple cutting tables to handle multiple types of material simultaneously, increasing process flexibility within the automation cell.

A number of features have been designed into the cutting unit, including continuous material traceability, unwinding slip compensation, interchangeable cutting heads, material flow count, material position sensing, active blade-wear measurement, automatic table calibration, adaptive nesting algorithm and active belt guiding control.

Because its intended to operate as an integral part of an automated production line rather than as a solitary unit, S&Hs AutoCut C&S system was designed around just-in-time (JIT) manufacturing principles to work in tandem with an industrial packaging robot. Hence, the machines programming algorithms consider features of the end product and not simply the sum of individual pieces to be cut. As such, operators specify final product or stack in terms of layup sequence, type of material used for each ply and exact target position for the whole stack and the relative position of each ply to the others. This leads to prioritization focused more on when a ply is needed and less on the nesting efficiency. Based on layup inputs, the software gathers all plies of the same material type and feeds that information into an advanced nesting algorithm, which combines them to calculate the most efficient cutting job all while treating the defined layup sequence and robot reachability of the plies as boundary conditions.

The system is said to achieve stacking accuracy of <1 millimeter/<0.04 inch.

In practice, once users input all required data on layup, materials and sequence, the systems programmable logic controller (PLC) assigns the cutting jobs to the AutoCut machine within the production cell. As soon as the first ply required to begin the layup sequence is cut, cutting pauses so the robot can acquire the ply. The robot itself already knows the position and orientation to place the ply on the stacking table. It also automatically generates a custom movement path, taking into consideration obstacles and geometric constraints within the cell and targetlocation in the layup. The system is said to achieve stacking accuracy of <1 millimeter/<0.04 inch. Once the robot retrieves the ply and clears the cutter, the system resumes cutting. This enables it to cut a ply every 15 seconds, making it fast enough to feed a press running a two-cavity tool and two-minute molding cycle, as is common with sheet molding compound (SMC). This ensures efficiencies gained during cutting arent immediately lost to inefficiencies in unloading and/or stacking.

Because all information generated within the production cell is shared, one feature built into the system thats helpful with many composite materials, but critical for SMC is areal weight compensation. Each ply is weighed immediately after cutting and that information is used to adjust, if necessary, the size of the following ply to be cut, minimizing differences in the total weight of the final charge prior to loading it into the press.

The ability to adjust on the fly to differences in areal weight is super important when cutting SMC, whose compounding process naturally introduces areal weight variations of as much as 3-8% within the same batch of material, explains Lukas Lipowsky, S&H technology center head. If you manufacture parts using plies cut with a fixed pattern from a material with inherent areal weight variation, then those differences would compound and lead to unacceptable part variation. Thats why SMC charges are typically loaded into the press using a precise weight rather than a fixed pattern cut to assure consistent finished-part properties. As part of the systems areal weight compensation, stacking tables can be equipped with an optional scale, permitting each ply to be weighed and analyzed during layup, which provides the PLC system with the necessary input to adjust the cutting pattern to achieve a constant package weight despite SMCs natural areal-weight variations.

The system is equipped with interchangeable cutting heads ranging from ultrasonic carbide blades (that vibrate 30,000 times/second, dont need cleaning and make almost no sound) to non-powered wheel blades and power-driven rotary polygon blades (for dry textiles) that enable a wide range of materials to be cut. Each cutter features quick connects. Additional features that help locate material, cutters and robots in space are robot and table calibration pins. The unit also features active blade-wear measurements to ensure clean, accurate cuts every time.

To automate SMC cutting and stacking, S&H combined its experience building SMC compounding lines with advanced predictive algorithms and applies it to real-time data gathered from each SMC C&S cell.

Other features include continuous material traceability, constant material positioning sensors which automatically correct material-edge location on the cutting table to minimize waste interchangeable cutters with quick connects, active blade-wear monitoring and a flexible gripper system with needle and vacuum modules. These facilitate rapid changes between materials and enablea wide range of materials to be cut, moved and stacked. Each cutting unit is designed to cut a single material, which provides for stable, continuous production and high availability.

Additionally, regardless of how many S&H C&S cells are being operated in a given facility, the central control unit has superordinate control, acting as a central repository for all data generated while directly managing each cutter and nesting for that cutter for high efficiency. (Not only can the control system remotely collect critical production data from all cells, including cycle time, material batch and size and weight of each ply, but it also tracks error messages.) Last but not least, the standard AutoCut system includes a cutting unit, stacking table, robot with grippers and software.

AutoCuts modular design allows it to be adapted to a variety of manufacturing processes from compression molded SMC to preforms for wet-compression and resin transfer molding, as well as prepregs thus saving significant development and engineering costs and improving sustainability of the production cell so it can easily be adapted for future projects.

Our holistic approach to system software means operators dont require a specialists knowledge to use the equipment, explains David Bcheler, S&H process engineering director. Robot paths and positions are automatically generated and nesting algorithms maximize material utilization while ensuring the calculated solution can actually be produced. Even better, during a given amount of time, the automated system delivers 20% more components than manual loading/unloading of the press. Combined, the 30 AutoCut cells currently in operation are capable of producing up to 7.5 million composite parts per year and are used to produce products ranging from household goods to parts for cars and planes.

To aid in accurate pick-up, movement and layup of different types of ply materials, the robot is equipped with a flexible system ofneedle and vacuum grippers and material-detection capabilities. An online size adjustment feature, which permits a single gripper to dynamically adapt to a much wider range of ply sizes and to process an even larger number of plies, is available as an option.

One processor with a sizeable investment in AutoCut systems is Teijin Automotive Technologies (formerly Continental Structural Plastics, Auburn Hills, Mich., U.S.). The company is a Tier 1 supplier of thermoset and thermoplastic composite components to the North American automotive and commercial truck markets. Last year, Teijin Automotive installed 10 AutoCut systems in three of its U.S. facilities: four cells in Carey, Ohio, and three cells each in North Baltimore, Ohio, and Huntington, Ind., with another six cells on order for 2022. The first active programs on the equipment began in March 2021.

All eight of our AutoCut cells are used to cut and stack SMC from material we compound ourselves, explains Adam Maes, Teijin Automotive engineering manager Carey plant. That SMC is used to mold Class A exterior and interior automotive panels. The largest SMC package the equipment is delivering weighs 35 pounds [16 kilograms] and the finished part measures 3.0 feet by 5.0 feet [0.9 meters by 1.5 meters]. At any point in time, there are two to three ply kits in process of delivery into a press.

When asked why Teijin Automotive made the investment and what benefits have been seen, Maes says, Manual molding processes can be demanding on our workforce, so providing a safe, ergonomic system to our operations team was a key driver for adding this technology, which is also part of our strategic automation plan moving forward. He adds, Weve seen additional quality benefits in the form of greater consistency in material weight and position delivered into the molds. That, in turn, has improved press output efficiency and lowered scrap. We especially like the intuitive HMI display, the ultrasonic cutting heads, live weight compensation algorithm to account for material variation and edge-detection sensors to position the cut path.

The matrix binds the fiber reinforcement, gives the composite component its shape and determines its surface quality. A composite matrix may be a polymer, ceramic, metal or carbon. Heres a guide to selection.

Lightweight, hard and stable at high temperatures, CMCs are emerging from two decades of study and development into commercial applications.

The structural properties of composite materials are derived primarily from the fiber reinforcement. Fiber types, their manufacture, their uses and the end-market applications in which they find most use are described.

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Modular cutting and stacking system advances flexible, fully automated operations - CompositesWorld

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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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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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 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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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.

KEEP READING: See the richest person in every state

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

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.



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 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


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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