Monthly Archives: February 2022

Any change requires support to make it easier, and that is especially true for automation efforts.

Many enterprise leaders say automation is a top priority for them. Just saying that doesn't make it true, and it doesn't guarantee any changes in staff behavior. To meet goals for automation, IT and business leaders must avoid or clear the top automation barriers by focusing on getting the right tools, building the right processes and providing the right employee support.

Here's a deeper look at how these approaches help overcome enterprise automation roadblocks.

We can't expect everyone to become a coder. Certainly, IT staff should focus on doing ad hoc code-based automation right -- by implementing code management and change management on production scripts, by setting standards for which tools and languages are used, and by settling on some basic, standard coding practices.

Beyond folks in IT doing traditional automation better, though, enterprises should be engaging other major means of automating work inside and outside IT to facilitate automation efforts:

Processes define the flows of work and data through an organization. To be reliable and resilient, staff must document these processes. Reviewing process documents regularly not only keeps them reality-based, it also brings opportunities for automation to the surface. Documenting a process for the first time offers the same opportunity, as manual steps in any process present automation opportunities.

Staff who are documenting processes must take care to distinguish between a purely mechanical manual step and a step with significant staff input. An example of purely mechanical looks like this: Take information from system A and reenter it in system B. An example of a step that is more ambiguous looks like this: Take information from system A and decide whether to retain it in system B as well, put it into system C or flag it for further analysis.

The more sophisticated the required decision-making process is, the more difficult it is to automate.

Automating a purely mechanical step is usually straightforward and is the focus of RPA tools especially. Automating a more nuanced decision may still be possible, but the more sophisticated the required decision-making process is, the more difficult it is to automate. In that case, it may be easier to automate support for the knowledge worker in that position rather than automating the step itself. This might involve giving the worker a simpler push-button means of implementing the decisions they make.

People can make or break any technology initiative and that includes automation efforts. To overcome staff-related barriers to automation, leadership must support goals with clear directives and meaningful compensation.

If leadership simply expects employees to add "automator" to their task list, staff are unlikely to pursue that directive energetically. If staff fear they will lose their jobs thanks to automation, reluctance and apathy can turn to downright resistance.

Management needs to start from the ground up to motivate employees' automation efforts. Make it a part of annual goals for each position to develop and deploy, via whatever means, automation relevant to repetitive and manual tasks. In some organizations, that will involve first making automation a part of each job's description, which is a longer and more difficult process.

Leadership should clearly communicate that employees should look for automation opportunities that can help free up any time spent on rote tasks for more sophisticated and potentially rewarding work.In most organizations, staff are likely to have more work than they can comfortably handle, even with regular rounds of automation. Management should reassure staff that the goal is moving the company forward, not moving staff out.

Leaders should also build in compensation for automating more work -- for example, offering bonuses specifically for automating task work -- to keep automation efforts moving forward or help unstick a stalled effort.

Automation barriers are a common reality, but with the right mix of tools, processes and support for staff, IT leaders can unstick or accelerate their automation strategies.

About the authorJohn Burke is CIO and principal research analyst with Nemertes Research. With nearly two decades of technology experience, he has worked at all levels of IT.

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Top 3 ways to overcome automation barriers - TechTarget

United Parcel Service (UPS) vehicles are parked at a UPS facility in Los Angeles, California July 22, 2008.REUTERS/Fred Prouser/File Photo

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NEW YORK, NY, Jan 31 (Reuters) - Higher labor costs during the pandemic-plagued holiday season may erode the profits of United Parcel Service (UPS.N), the world's biggest package delivery firm, which is set to report quarterly earnings on Tuesday.

Investors will be watching for the margin impact from the company's mostly unionized delivery workforce. UPS hired nearly 100,000 people for the holiday season and plans to keep a portion of those workers on board.

The company increased worker pay in certain regions to an average of $18 per hour from $15, it said in June.

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Union pay and benefits for UPS drivers, sort center workers and package loaders generally exceed those at non-union shops like Amazon.com , UPS's largest customer and a growing delivery rival.

Analysts estimate an 8.7% year-over-year revenue increase to $27.1 billion for the fourth quarter, reflecting higher delivery volumes and surcharges as a surge in COVID-19 cases caused by the Omicron variant pushed more customers to online holiday shopping. They expect earnings per share of $3.10, up %16.5 from a year earlier, according to Refinitiv data.

From FedEx (FDX.N) to DHL to the United States Postal Service, delivery companies "are having to cough up money" to hire and keep workers, said Cathy Morrow Roberson, president of consultancy Logistics Trends & Insights.

"UPS has had to raise pay in certain areas of the country to attract some workers, but not on the same level as perhaps FedEx or a post office," she said.

When turnover and a lack of workers in the Ground unit at rival FedEx last year resulted in delivery delays, inefficient work flows and hundreds of millions of dollars in extra costs, UPS executives said they weren't feeling such severe strain.

UPS has had more predictable labor costs tied to the stability of its unionized workforce. FedEx uses less well-compensated contractors in its Ground operations that handle many e-commerce deliveries.

COVID-19 union protections have also helped UPS attract more workers compared to its competitors, Roberson said.

Still, investors are keen to hear more about how the company will use automation to boost efficiency and reduce costs.

UPS has invested in more automation tools since 2020 to increase efficiencies in its fulfillment process. The 114-year-old carrier beat FedEx and USPS with nearly 97% of on-time deliveries during the holiday season, helped by ample staffing, mild weather and a longer shopping season that spread "peak" holiday deliveries over more days, Cowen analyst Helane Becker said in a report.

Now, analysts are eyeing how these technologies, wage hikes and price increases are impacting profit margins.

"I think we will see leadership put more of a focus on automation capabilities within sorting facilities," said Donnelly, senior analyst at Third Bridge Group. "That will, over time, insulate them more and more from near-term labor dynamics."

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Additional reporting by Lisa Baertlein in Los Angeles; Editing by Bernadette Baum

Our Standards: The Thomson Reuters Trust Principles.

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Analysts eye UPS automation efforts to offset increased wage costs - Reuters

With the onset of COVID-19, businesses have realised that they cannot go on as they wish to without leveraging technology. The pandemic has accelerated the pace at which businesses, especially SMBs, are adopting technology.

This also means that India is ushering in a new industrial revolution that will be defined by the use of technologies like IoT, connectivity, artificial intelligence, machine learning, automation, advanced engineering, and much more.

SMBStory recently spoke to Faraz Alam, Co-founder of Atmos Systems, and Business Development Head of Saifi Con Fab Systems.

Faridabad-based Saifi Con Fab Systems was started by his father Khursheed Alam in 1987. From a simple material manufacturing company to making conveyors, Saifi has scaled quite a bit in the last 35 odd years. It has also been witness to the evolving manufacturing and warehouse ecosystem of India.

One of the newest trends to have strongly emerged in the Indian manufacturing industry is warehouse automation, a market that is exhibiting significant growth owing to the growing need for a cost-effective method of production.

In a conversation with SMBStory, Faraz takes us through Saifis journey and what led to the launch of Atmos.

Khursheed Alam, who was earlier working with shoe-manufacturing giant Bata, left the job in 1987 after a clash with his manager and decided to start his own business.

He began by using his lathe machine for manufacturing machine parts of shoe making machines, and continued this till about 1997 after which he started scouting for other opportunities in the market. And he did tread on one of the major gaps in the Indian manufacturing sector.

India at the time was in dire need of better technology and equipments, especially given the opening up of the its economy in 1991, when domestic companies had to compete with international giants who had entered the market. One of the needs identified then was conveyors- a mechanical strip of metal used for transporting objects from one place to another.

Khursheed saw that there werent many conveyor-manufacturers in India and the companies who needed them had to import them, leading to an increase in the cost of production. That is when he decided to shift to the manufacturing of conveyors. After doing a lot of research, he introduced several other types of conveyors including storage overhead conveyors, floor conveyors, I-Beam overhead conveyors and more.

The business started taking off as players like Bajaj, Relaxo, Godrej, Eicher, Videocon, JBM, and more came on board as its customers. Then, in 2004, Khursheed shifted to a bigger factory in Faridabad and established two more units in the following years.

Saifi Con Fab Systems has three manufacturing units in Faridabad

The decade between 2010 to 2015 saw an unprecedented rise in ecommerce. According to several reports, India has the largest customer base of online shoppers after China and the US.

As online delivery started gaining momentum in the Indian market, the trend did not go unnoticeable in the eyes of Khursheed Alam who was joined by his son, Faraz Alam, in 2018.

In 2018, Khursheed and Faraz started developing a separate brand that focused only on smart warehouse automation solutions. The research and development took two years and finally, in 2020, the father-son duo launched Atmos Systems.

According to a report by Mordor Intelligence, the Indian warehouse automation market was valued at $86.2 million in 2020 and is slated to reach $512.2 million by 2026 at a CAGR of 26.4 percent in the forecast period.

Some of the major players in this market are Daifuku India Private Limited, Armstrong Limited, Space Magnum Limited, and more. Ecommerce giant, Amazon, also announced the infusion of $5 billion to set up automated warehouses in India.

Atmos Systems provides turnkey warehousing solutions using technologies like Internet of Things, automation and more.

Atmos first identifies the specific warehousing needs of a company, then starts working on creating the right solution including smart conveyors and software solutions which takes about 15 days to complete. Once everything is in place, it conducts trials before presenting the same to the client.

Under its brand, Atmos provides solutions such as Autonomous Case-Handling Robotic System for intelligent picking and handling of objects and Robotic Palletising System, which is used for transporting heavy objects from one place to another using pallets.

The Dimensioning Weighing Scanning (DWS) System is an ideal product for automatic capturing of product dimensions and weight. The Sortation Systems provide accuracy in sorting products based on defined attributes, claims Faraz

Atmos also gives its customers a one-year warranty, and deploys some of its technicians to work alongside these companies for the first few months so the clients can get a hang of the machines and the systems.

Atmos has so far clocked Rs 10 crore revenue since inception. Faraz says the father-son duo aim to make Atmos a top warehouse solutions provider in the years to come.

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This father-son duo is tapping the ecommerce wave to win over the warehouse automation solutions sector - YourStory

DUBLIN--(BUSINESS WIRE)--The "Smart Elevator Automation System Market" report has been added to ResearchAndMarkets.com's offering.

Smart elevators are now being used nowadays in public buildings like hotels, residential homes, offices, malls, theaters, hospitals, sports venues and even airports.

These are basically designed in order to minimize total energy consumption and better manage passenger traffic within a given building. These elevators help to increase the overall productivity of a public building and also help to keep visitors safe. For example, in a large hotel or museum, smart elevators will be able to reduce the number of elevator users and make the platform more safe and convenient for everyone.

In addition, there is no need to make any major structural changes in order to use smart elevators since they do not require any major overhaul to the structure of the building.

This means that the total cost of installing a smart elevator is likely to be much lower than the total amount of money required for an existing elevator installation. The savings from the initial investment made by smart elevators will then be passed on to the customers by way of reduced operating costs. Therefore, smart elevators offer a cost effective solution to a public building's overall maintenance and operating costs.

Company Profiles

Market Dynamics:

Launch of new products is expected to propel growth of the global smart elevator automation system market. For instance, in July 2021, The Elevator and Escalator Division of Mitsubishi Electric US launched ELEMOTION, a modernization package to help building owners maintain the quality of existing elevator systems with targeted component updates.

Major players operating in the global smart elevator automation system market are focused on adopting M&A strategies to enhance their market share. For instance, in October 2021, 3Phase Elevator merged with Advanced Elevator, a company that provides similar services in Washington, D.C., Maryland.

Key features of the study:

Detail Segmentation

Global Smart Elevator Automation System Market, By service:

Global Smart Elevator Automation System Market, By Component:

Global Smart Elevator Automation System Market, By End User:

Global Smart Elevator Automation System Market, By Region:

For more information about this report visit https://www.researchandmarkets.com/r/f87neh

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Insights on the Smart Elevator Automation System Global Market to 2028 - Size, Share, Outlook and Opportunity Analysis - ResearchAndMarkets.com -...

About 50 percent of new vehicle models allow drivers to engage adaptive cruise control and lane centering at the same time, according to an analysis by Consumer Reports last fall. Together, these systems can keep a car in its lane and a set distance from the car ahead with minimal driver intervention, a convenience that many drivers appreciate, according to responses to a recent survey of CR members.

But decades of research suggests that drivers are less likely to pay attention when that automation is active, which could cause a crash if they arent alert and ready to take over.

Thats why Consumer Reports and other groups and agencies, such as AAA, the National Transportation Safety Board, the Insurance Institute for Highway Safety (IIHS), and the European New Car Assessment Program, say that driving assistance features should always be paired with driver monitoring, which uses computers and cameras to monitor attentiveness.

Research shows that these systems may be introducing new safety risks for drivers, says Kelly Funkhouser, manager for vehicle technology at CR. Its the responsibility of automakers to mitigate those risks by equipping vehicles with safeguards, such as driver monitoring cameras.

CR is now awarding additional points to the Overall Score of vehicles that pair a driver monitoring system with driving assistance features. Currently, only Fords BlueCruise and GMs Super Cruise will earn these additional points. Later this year, the IIHS will roll out a new ratings program that evaluates the safeguards that vehicles with partial automation employ to help drivers stay focused on the road.

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Cars Need Driver Monitoring With Automation, AAA Says - ConsumerReports.org

DUBLIN, Feb. 4, 2022 /PRNewswire/ -- The "Vietnam Building Automation Systems (BAS) Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

The BAS market in Vietnam grew by 11.1% in 2021. This comes after a huge decline in market revenues due to the COVID-19 pandemic in 2020.

The market is expected to have a double-digit compound annual growth rate from 2021 to 2027 and reach $11.4 million in 2027. Market expansion will be driven by heightened awareness for energy efficiency in buildings and the need to cater to the operation of buildings in the wake of the pandemic.

Key growth opportunities in the Vietnam BAS market include automation solutions for contact-less building operation, AI-powered and cloud-controlled solutions for automated buildings, and a focus on health and wellness solutions for increased occupant productivity. Major players in the market include Siemens Building Technologies, Johnson Controls, Honeywell, and Schneider Electric.

The COVID-19 pandemic has accelerated the need to automate buildings. There is an increasing need to manage buildings remotely, which demands the convergence of advanced analytics, artificial intelligence (AI), and emerging technologies with building automation systems (BAS).

Currently, 90% of the BMS market in Vietnam is in the early stages of digital transformation, which means buildings will have to undergo rapid transformation at the earliest to cater to changing needs. Smart devices and systems will have a huge role to play in determining how buildings function in the pandemic-induced "new normal" scenario (short-to-medium term).

Major industry participants are already working on strengthening the technologies underpinning their solution portfolios to prepare for changing building operation needs. Some are forging partnerships or acquiring innovative start-ups to boost their technological capabilities.

The building automation market is defined by the manufacturer revenue earned from the sale of automation controllers and associated automation and supervisory software. This means that "factory gate" revenue has been considered; distribution channel revenue is excluded from the scope of the study.

Key Topics Covered:

Strategic Imperatives

Growth Opportunity Analysis

Growth Opportunity Universe

For more information about this report visit https://www.researchandmarkets.com/r/mkld0w

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Vietnam Building Automation Systems (BAS) Market Report 2021-2027: Disruptive Technologies and Innovative Business Models will be Key to the...

This report analyses the topmost companies in worldwide and main regions, and splits the Food Automation market by product type and applications/end industries which provides an expert and in-depth analysis of key business trends and future market development prospects, key drivers and restraints, profiles of major, market barriers, opportunities, and challenges.

Final Report will add the analysis of the impact of COVID-19 on this industry.

A latest research report Food Automation Market 2022 represents an in depth overview of the present market situation and forecast till 2030. The Food Automation market trend research process includes the analysis of various factors heart-warming the industry, with the government policy, competitive context, historical data, market environment, present trends within the market, imminent technologies, innovations in technology, and therefore the technical velocity in related industry, and market risks, market barriers, opportunities, and challenges.

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North America is expected to hold dominant position in the global Food Automation market, owing to increasing collaboration activities by key players over the forecast period.

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Major Players in Food Automation market are: The research covers the current Food Automation market size of the market and its growth rates based on 5-year records with company outline of Key players/manufacturers:

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Food Automation Market

The report focuses on the newest skillful elements like global Food Automation industry production network study, revise product launching events, growth, and risk factors. The research also incorporates production processes, volume, product specifications, staple sourcing, key vendors, clients, organizational structure, and global presence.

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:

By Type, Motors & Generators, Motor Controls, Discrete Controller Systems & Visualization, Rotary & Linear Products, Others, By Function, Packaging & Re-Packaging, Palletizing, Sorting & Grading, Picking & Placing, Processing, Other Functions.

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:

Dairy, Bakery, Beverage, Confectionery, Fruits & Vegetables, Meat, Poultry, and Seafood, Others.

Get a sample copy of the Food Automation Market Report 2022

Food Automation Market Regional and Country Level Analysis:

The country section of the report also includes selected market influencing factors that affect current and future market trends, as well as changes in market rules at the country level. Data points such as consumption, location and quantity of production, import / export analysis, price analysis, raw material costs, upstream and downstream value chain analysis are some of the main metrics used to predict domestic market scenarios. It also takes into account the presence and availability of global brands, the problem of strong or little competition with local and domestic brands, and the impact of national tariffs and trade routes on country data projections.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2017-2030) of the following regions are

North America Europe Asia Pacific Central and South America Middle East and Africa

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Bottom-up Approach: Market data information collection analysis, through primary sources and secondary sources. In primary sources there is Demand-side experts and Supply-side experts, and in secondary sources there is Annual reports, Presentation, Press releases, Journals, Paid databases.

Top-down Approach: Global Market size is validated through primary sources and secondary sources. In primary sources there is Demand-side experts and Supply-side experts, and in secondary sources there is Annual reports, Presentation, Press releases, Journals, Paid databases.

Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. In addition, we are always willing to comply with the study, which triangulated with your own data to make the market research more comprehensive in your perspective.

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Food Automation Market is Going To Boom | Mitsubishi Electric Corporation, ABB Ltd, Rockwell Automation, etc. The Tech Talk - The Tech Talk

PUNE, India and NEW JERSEY, N.J, Feb. 7, 2022 /PRNewswire/ -- Crave InfoTech and SAP bring forth a webinar to educate enterprise top executives, business analysts, engineering teams, operations, information technology leads, etc. about business process automation leveraging SAP Intelligent Robotic Process Automation (IRPA). The webinar will be hosted online on the 8th of February, 2022. People looking to attend the webinar can do so from here.

The webinar event will be live in: Europe, Africa, Middle East, North America, and Latin America at 11:00 AM ET (08:00 PT - 17:00 CET); Asia Pacific & Japan at 16:00 AEDT (10:30 IST / 13:00 SGT).

The webinar would cover topics like: Why Robotic Process Automation (RPA)? Future-proof process excellence through SAP IRPA How to activate SAP IRPA in days and increase ROI for use cases? Shrikant Nistane, CEO, Crave InfoTech, added, ''We want to push the digital transformation wagon to the zenith of automation, efficiency, process visibility, and on-hand actionable insights. As SAP partners, we know that something like RPA with SAP's intelligent Business Technology Platform (BTP) can truly deliver right from the point of deployment and in idealistic perpetuity.'' About Crave InfoTech Crave InfoTech, based out of New Jersey, is a fast-growing tech company with deep expertise in SAP BTP, intelligent enterprise, and enterprise mobility enablement with quick-to-deploy Intelligent Asset Management, Intelligent Warehouse Management, and Intelligent Supply Chain Management solutions.

About SAP SAP's strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers' businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people's lives. For more information, visit http://www.sap.com.

Source: Crave InfoTech Media Contact: Faiz Shaikh Faiz.shaikh@craveinfotech.com 1-844-CRAVEIT (272-8348) Logo: https://mma.prnewswire.com/media/1741167/Crave_Logo.jpg PWR PWR

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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SAP and Crave InfoTech to host a webinar on driving efficiency through automation - Devdiscourse

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Esticast Research has published a new report titledTerminal Automation System Market By Offerings (Hardware And Software & Services), By Project Type (Brownfield Projects And Greenfield Projects), By End Use Industry (Oil & Gas, Chemical And Others) And By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2021 2028.According to the report, Terminal Automation Market Increasing at A Phenomenal Pace to reach more than USD 8.63 Billion by 2028.

The top Leading Market Players Covered in this Report are :ABB Ltd., Schneider Electric, Yokogawa Electric Corporation, Honeywell International Inc., Emerson Electric Co., Siemens AG, Endress+Hauser Management AG, Rockwell Automation Inc., TechnipFMC plc, Implico Group.

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Terminal Automation Market analysis report is the representation of strategic research methodologies and market tactics. In order to fuel the business growth, knowing future scenario of the market and product sale is important and is the best way of obtaining forecasting of entire market scenario. Marketing strategy is also covered here to divide the market into different segments and target customers. Customers demands are also depicted in this Terminal Automation Market report to aware industries and increase the productivity rate of products and services. It segments the market into different categories such as behavioral segmentations and demographic segmentation for the key regions such as North America, Europe, Middle East, Africa, Asia Pacific and Latin America..

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The primary market segments and their sub-segments covered in this study provide information on the overall business climate. The categories in this research are built by analyzing supply and demand scenario that provides a thorough view of the market. The segment study provides a detailed view of the fastest-growing market sector as well as the factors influencing the fast/slow growth of the other segments. This section includes a comprehensive market share and revenue analysis.

Geography

Esticast Research most recent market report is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The report includes thorough financials for every region based on its segments. In addition, detailed revenue and market share analysis is given for major countries within every region.

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In order to perform significant actions to lead business towards successful path, it is important to obtain all the market growth related data and nothing is better than referring Terminal Automation Market survey report. It covers current market scenario and forecasting of upcoming market scenario for the period 2022-2028. This Terminal Automation Market survey report signifies how trends will affect the entire business development and growth. It further makes available some profit making business opportunities to make the most out of it. It further does the key observation of the framework of the market within economy. Market trade statistics, key players, their adopted strategies, market share, leading suppliers, trade statistics and trend analysis are some of the key factors provided in this Terminal Automation Market survey report to help business participants in making their business gainful and obtain best investment options.

Exact details regarding market performance is also provided in the Terminal Automation Market analysis along with complete overview on competitive landscape, pricing structure, trend convergence, digital transformation, sales effectiveness, latest innovations, customer buying nature and pricing analysis. All these factors greatly contribute in enhancing the business growth and knowing the market performance. It becomes easy for central participants to track the business performance regularly with the help of this Terminal Automation Market survey report. It talks about successful market strategies implemented by company players such as mergers, acquisitions, collaborations and novel item releases. It further aims at looking over all the compelling viewpoints from different major players, manufacturers to end buyer. Annual revenue, industry growth factors and market tactics are some of the significant factors covered in the Terminal Automation report. It also covers all the latest data regarding CORONA-19 virus effects on world economy. It further helps industry players to survive in the competitive market.

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Report includes Competitors Landscape:

Major trends and growth projections by region and countryKey winning strategies followed by the competitorsWho are the key competitors in this industry?What shall be the potential of this industry over the forecast tenure?What are the factors propelling the demand for theTerminal Automation Market ?What are the opportunities that shall aid in significant proliferation of the market growth?What are the regional and country wise regulations that shall either hamper or boost the demand for Terminal Automation Market?How has the covid-19 impacted the growth of the market?Has the supply chain disruption caused changes in the entire value chain?

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Esticast Researchis a research firm providing research reports on various industries with a unique combination of authenticity, extensive research, and infallibility. We provide syndicated reports, customization services, and consulting services to help businesses across the world in achieving their goals and overcoming complex challenges. We specialize in providing 360-degree view of the markets to assist clients in determining new opportunities and develop business strategies for the future with data and statistics on changing market dynamics. Esticast Research & Consulting has expert analysts and consultants with an ability to work in collaboration with clients to meet their business needs and give opportunities to thrive in a competitive world. A comprehensive analysis of industries ranging from healthcare to consumer goods and ICT to BFSI is provided by covering hundreds of industry segments. The research reports offering market forecasts, market entry strategies, and customer intelligence will help clients across the world in harnessing maximum value on their investment and realize their optimum potential.

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Global Terminal Automation Market Increasing at A Phenomenal Pace to reach more than $8.63 Billion by 2028 | Exclusive Report by Esticast Research ...

Ricoh Co Ltd has announced the acquisition of Axon Ivy and its renowned digital process automation platform.

Headquartered in Switzerland with offices in Austria, Germany and subsidiaries in the U.S. and Singapore, Axon Ivy has over two decades of experience in building software platforms and solutions to help customers achieve their digital transformation goals.

Axon Ivy will continue to operate under its existing name as a Ricoh group company and all employees of Axon Ivy will be retained. Axon Ivy will continue to provide its customers and partners the same levels of service as before. In addition, Axon Ivy customers will have ready access to Ricoh's global reach and broad portfolio of digital services capabilities, designed to provide a seamless digital workplace experience, supporting organizations to realize new innovations, better security and increased sustainability through technology.

During the five years of FY2021-FY2025 positioned as Ricoh Lift Off, Ricoh said its global strategy remains focused on driving transformation to become a digital services company to ensure sustainable growth, innovation and development. Through a global business structure change in April 2021, Ricoh integrated everything from development through production and sales in each business unit. This change has been empowering the organization to work more closely with customers and ensuring Ricoh continually innovates to meet changing market needs while driving business growth and improving capital profitability.

Akira Oyama, Executive Corporate Officer and president of Ricoh Digital Services Business Unit, says: This acquisition is part of Ricoh's strategic investment for the growth of our Digital Services business. It enhances Ricoh's capabilities to further support customers around the world with their digital transformation needs as well as Ricoh's market position as a digital services company. Axon Ivy has a trusted reputation as a true digital enabler, complete with recognition from customers, peers, and industry analysts alike. Ricoh is delighted to welcome them to our family.

David Mills, CEO, Ricoh Europe, adds: We are tremendously excited about the opportunities this acquisition affords both Ricoh and our customers. From our own transformation journey as a global business services organization with exceptional expertise in document process management, we recognized that many organizations still struggle with complex technology infrastructures and requirements for further automation beyond just paper to digital. This acquisition addresses just that business challenge we continue to see a growing demand for software that isn't constrained to just print or documents. This trend, coupled with our customers' ambitions to move further along their digital journeys at pace, makes this a particularly exciting time in the history of Axon Ivy and Ricoh.

Rolf Gebhard Stephan, CEO Axon Ivy AG, says: I see tremendous value in becoming part of the Ricoh global family. We have built one of the most reliable and easy to use digital process automation platform and have a very successful track record in Central Europe. While we will retain our core strengths of technology and agility, we will benefit from Ricoh's access to all major markets around the world. My team and I look forward to the prospect of Axon Ivy becoming a global leader in the digital automation space.

Source: Ricoh Ltd

Link:

Ricoh acquires Axon Ivy AG to expand its digital process automation capabilities - Japan Today