Daily Archives: July 7, 2021

NEW YORK, July 7, 2021 /PRNewswire/ -- Insights Automation firm quantilopecommissioned a study conducted by Forrester Consulting in June 2021 to evaluate the potential return on investment an enterprise brand may receive by implementing their automated research technology. With a specific focus on research and consumer insights departments, the study provides an overview of the quantifiable and unquantifiable benefits organizations can expect by working with quantilope to conduct their market research projects.

Forrester's in-depth analysis shows that over a three-year period, organizations can experience net benefits of $2.7M and an ROI of 319% for their research budgets, with payback from the initial investment received in less than 3 months. The results include the financial benefits quantilope provides by automating advanced consumer research projects on an end-to-end platform allowing users to eliminate external market research agency fees, increase their research fielding time efficiencies, and eliminate legacy DIY tools.

Additional Benefits Include:

Quality Research Methodologies: quantilope offers fully customizable and automated research methodologies such as conjoint, TURF, KDA, implicit association tests, and more. The intuitive platform allows users to accomplish more high-quality insights projects in less time compared to working with traditional market research agencies.

Immediate Access to Data & Visualizations: quantilope connects the entire market research process to allows insights teams to access, edit, and view each step of a research project in real-time. One customer insights manager said: "Just recently, I had a survey out in the field, and I wanted to add an additional question. With quantilope, I was able to quickly make the change and see results within a day."

Dynamic Partnership: With quantilope, clients receive exceptional empowerment, training, and support to gain the confidence and skills to get the most out of the platform. One interviewee said: "[The quantilope team] not only listened to our specific requests, but they offered meaningful input, giving us different ways to address issues regarding consumer perspective. There was collaboration between research and marketing that seldom happens with other vendors."

The combination of quantifiable and unquantifiable benefits identified in the Forrester study showcase how insights managers can transform the speed, substance, and scale of their research processes by implementing quantilope's Insights Automation platform into their research departments. Created for researchers by researchers, quantilope offers a new streamlined approach to conduct market research that's fast and affordable - without sacrificing quality.

Access a complete copy ofthe study here.

About quantilope: quantilopeis an insights automation platform automating advanced research methodologies including Conjoint, MaxDiff, TURF, Implicit Association Tests, Tracking and more. Our end-to-end platform connects the entire market research process from the research question to the questionnaire design, professional panel management, live reporting, in-depth analysis, and data visualization. The average project turnaround time is 1 5 business days.

MEDIA CONTACT: Johanna Azis, johanna.azis@quantilope.com

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New Study Finds the Total Economic Impact of quantilope's Insights Automation Platform Can Provide Researchers a 319% ROI Over a Three-Year Period -...

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

CHICAGO, July 7, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global lab automation market report.

The lab automation market is expected to grow at a CAGR of over 8.53% during the period 20202026.

Key Highlights Offered in the Report:

Key Offerings:

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Lab Automation Market Segmentation

Lab Automation Market by Product

Lab Automation Market by Application

Lab Automation Market by Automation

Lab Automation Market by End-User

Lab Automation Market Dynamics

Many industries have already integrated automation and robotics, and the healthcare industry is still catching up. Laboratory robotics can be broadly defined as using robotics technology to conduct scientific studies and research experiments in a safe environment without the interference of human hands. The increasing need to ensure the safety of manual workers and the adoption of stringent regulatory protocols in laboratories have initiated businesses to adopt robotic technologies for critical process applications. Robots maintain accuracy and precision and are highly efficient, thus driving the adoption of robotics in diagnostic laboratories, research, and development centers. The advantage of lab automation using robotics was seen during the COVID-19 pandemic. Robotic labs played a significant role in diagnosing COVID-19 samples as automated robots provide end-to-end solutions. They also connect patients, healthcare providers, healthcare institutions, and public health agencies online on a medical triage platform that can be accessed using a web browser or app on almost any device.

Key Drivers and Trends fueling Market Growth:

Lab Automation Market Geography

In 2020, North America accounted for a share of 42.04% of the global laboratory automation market. North America is dominating the laboratory automation market. Initially, Japan started the lab automation concept and was successful, which was followed by the US. Many hospitals started to automate their labs to manage the shortage of lab technicians and to improve the quality of lab decisions and provide better treatments to people. In the last decade, some insurance companies and government agencies reduced the reimbursement for traditional device-based diagnostics, which were more expensive for insurance companies. This made them move toward modern instruments, and it was when automation was introduced in the market. This situation demanded labs and hospitals to opt for lab automation.

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Lab Automation Market by Geography

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Lab Automation Market Size to Reach Revenues of USD 8.58 Billion by 2026 - Arizton - PRNewswire

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.

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 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.

The Innovation Lab and Olive likely will share ownership of the co-developed tools, 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 to co-develop automation tools with Olive - Modern Healthcare

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.

Originally posted here:

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

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

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

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

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

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

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

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

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

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

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

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

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

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

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

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

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

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

11. Appendix

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

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

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

The need for automation is higher than ever. Processors of fresh produce have been struggling to fill open positions on their processing lines, even prior to Covid. As a result of labor shortages and in an effort to attract talent, processors increasingly spend more on wages, benefits, housing, etc. During Covid, this situation has worsened and is anticipated to continue. In addition to labor shortages, the need to minimize contamination and recall concerns are key as consumers demand clean and safe produce. Additionally, a safe working environment is imperative for a processing operation. Given that future business health is often contingent on improving capacity while reducing costs, we offer products and services that help facilitate operational health, says Nick Maglio with ProEx Food.

Offering automation tiersAt ProEx Food, we offer automation tiers, based on the needs of each individual project. Every piece of equipment/machinery in a processing line automates a certain task. This could be infeed, a washer, peeler, husker, saw, slicer, de-corer, blancher, sorter, and also primary and secondary packaging. We have the capability to bring these pieces of equipment as well as the robotic and digital technology together in one well-designed, hygienic, efficient fruit and vegetable processing line, said Maglio. ProEx Food designs, coordinates, integrates, and installs the line. The company also trains staff and performs aftersales support. We are the easy button, removing the need to manage a fleet of different vendors, he added.

Long-term partnershipsPro-Ex Food prides itself on turnkey installations. In this scenario, the company performs design engineering, manufacturing and/or sourcing, factory acceptance testing, integration, installation, commissioning, and training functions. We line up all teams involved or work with preferred local suppliers. Ultimately, we focus on building long-term partnerships with our customers. Over the years, several customers have come back to us for the install of a next phase, and we continue the journey with them. Post install, aftersales parts and service is available.

Building an integrated, automated fruit and vegetable processing line starts with the design process by analyzing the operation. Most operations have different input product conditions, combinations of products produced, capacities, space limitations, and more. We work to optimize the solution for each need, to maximize the benefit for each customer. This is an area where we shine as our staff has a unique mix of lean manufacturing operational leadership, engineering, financial, and additional technical experience. Analyzing the current state allows us to ensure each solution is truly optimized, commented Maglio. This applies to both replacing an existing manual or semi-automated solution as well as a new installation. ProEx Food follows a 5-Point Optimization Process, which covers the tasks and milestones to get from project intake all the way through installation and training.

Automation to reduce operational costAn example is a fresh-cut fruit and vegetable processor/distributer who serves grocery customers. Although it is a large and very well-organized operation, all produce had been cut by hand. Orders were placed each day for fulfillment the next morning. The operator would stage all product to be converted and sharpen the machetes. Staff would help perform daily tasks. We highlighted different ways to automate the processes for a few of the higher-volume items, the company immediately recognized the value. The initial conversation started around one cubed and clamshell-packed fruit but expanded to a multi-format line that quickly changed from one product to the next. Our team was able to analyze and make actionable recommendations that reduce operational costs.

The collective knowledge of our team is used to create ideal solutions. We arent just a manufacturer, nor just an engineering outfit, nor just an integrator, nor just a robotics company, nor just any other niche service provider. We are your one-stop-shop for efficient, integrated, automated fruit and vegetable processing lines.

For more information:Nick MaglioProEx Food LLC.marketing@proexfood.comwww.proexfood.com

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We are a single source that handles all automation needs - FreshPlaza.com

The ARK3D Printing ETF (CBOE: PRNT) is higher by 24% year-to-date, but there could be more in the store for the ARK fund as 3D printing companies increasingly tap into automation.

PRNT, the original and still only exchange traded fund focusing on 3D printing equities, is positioned to capitalize on growth in the automated 3D printing arena.

The Automated 3D printing market was valued at $507.8 million in 2020 and is expected to grow at a CAGR estimated around 37.14% over the forecast period (2021 2026), according to Research and Markets.

Automated 3D printing is another example of two disruptive technologies intersecting. For example, robotics are playing an increasingly prominent role in the 3D printing movement, indicating another ARK Invest ETF the ARK Autonomous Technology & Robotics ETF (CBOE: ARKQ) could be another idea to consider on this front.

Over the years, researchers around the world have been working towards developing solutions and methods that would cater to the demand for automation in 3D printing, one such approach was the combination of robotics technology with 3D printing to automate the tasks although it initially did not gain much momentum owing to its complexity, however, with vendors integrating simulation software with their robotic 3D printing technology is driving the growth of the market, notes Research and Markets.

The rise of automation in the 3D printing space could bolster the groups already fast-growing list of industry-level applications. Those include aerospace, automotive, energy, and healthcare, among others. 3D printing can also enhance precision manufacturing while reducing companies vulnerabilities to global supply chain disruptions.

Following significant disruptions at the hands of the coronavirus pandemic, the present environment is ripe for automated 3D printing growth. A recent study by the National Conference of State Legislatures indicates the U.S. is importing trillions of dollars worth of goods tied to aerospace, automotive, healthcare, and industrial demand goods that 3D printing can produce right here in the U.S.

Already the biggest user of 3D printing technologies, the industrial sector is seen as a key driving force in pushing 3D printing to a nearly $63 billion global industry by 2028.

The $557 million PRNT, which is one of two passively managed funds in the ARK stable, turns five years old later this month. The fund tracks the Total 3D-Printing Index.

For more on disruptive technologies, visit our Disruptive Technology Channel.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

Link:

Adding Automation to PRNT's 3D Printing Thesis - ETF Trends

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

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

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

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

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

Major Five Automation in Textile Industry Companies:

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

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

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

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

A2A payments fintech GoCardless has partnered with financial management and accounting platform Pennylane to offer SMEs and startups a way to manage and collect recurring payments.

The partnership will combine Pennylanes new subscription management functionality, enabling businesses to automate the creation of recurring invoices and accounting, with GoCardless global bank debit network, allowing them to automatically debit their customers when each payment is due.

This means SMEs and startups no longer have to use manual processes, such as keeping a log, to remind them when to send their next invoice. This ensures invoices are always sent on time, eliminating barriers which slow down the payment cycle, and removes the need to duplicate and update invoices.

When it comes to collecting payments, the partnership helps to accelerate the process; on average, business get paid 47% faster with GoCardless, according to the official press release. Users also benefit from lower failure rates and improved visibility of their cash flow, gaining greater certainty around the exact date when theyll get paid. In addition, this integration gives joint customers easy access to the latest payment technology as GoCardless launches a series of Open Banking-enabled features in 2021.

Link:

GoCardless, Pennylane to enable invoice automation - ThePaypers - The Paypers