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Monthly Archives: July 2022
KNOT Offshore Partners’s Ex-Dividend Date Is Wednesday, Here’s What You Need To Know – Benzinga – Benzinga
Posted: July 23, 2022 at 1:12 pm
Tuesday marks the last chance for investors to receive the next dividend payout from KNOT Offshore Partners KNOP.
The company announced on Thursday that it would pay shareholders a quarterly dividend of 52 per share. On Wednesday, KNOT Offshore Partners will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 52 lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend datein this case, Wednesday. Shareholders who own KNOP as of the end of Tuesday's session are eligible to receive the 52 dividend payout for every share that they own.
According to the company, this dividend will be paid out to shareholders on August 11, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.
To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
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Five Reasons to Reject Offshore Wind – Bacon’s Rebellion
Posted: at 1:12 pm
Snippet from UVA video showing how winds can destroy a large wind turbine. Click for larger view.
by Steve Haner
Researchers at the University of Virginia are part of an ongoing effort to redesign wind turbines to be both more efficient and better protected from storm-scale winds, as described in this video you can find on a university website.
What is the problem to be addressed? Says one of the engineers:
As you get these larger wind turbines, your blades end up becoming more flexible and if youre upwind then when the wind comes in and hits those blades, they can curve backwards and then it can hit that tower and destroy the entire turbine.
You can see an example of that happening on the video. It is not just theory.
So, great idea. Hurricane-resistant turbines with flexible blades facing downwind. Is that what Dominion Energy Virginia is about to build off Virginias shores, the cost billed entirely to its captive ratepayers? Well, no, actually. It is the old design But no problem it wont cost the company any money if a storm replicates that damage you see in that video. We customers will pay.
Dominion Energy Virginias Coastal Virginia Offshore Wind project is an epic mistake for Virginia. Yet thanks to the Virginia General Assembly the regulators at the State Corporation Commission are most likely going to approve it because the Assembly stripped them of their traditional oversight role with the 2020 Virginia Clean Economy Act (VCEA). Virginias Republican governor appears to be among the cheerleaders.
Another screenshot from the UVA video.
The wind projects application process and subsequent review have developed a large amount of information about the project, but little news coverage, so most Virginians remain clueless about what is coming. Here are five reasons why the SCC should say no.
First and foremost is the secrecy. Despite some efforts by Attorney General Jason Miyares, creating a bit more transparency, pages and pages of data entire reports even remain under seal and visible only to those who have sworn secrecy. The data covers known and possible risks that could throw the project off schedule or even cause catastrophic failure. It also covers some of the economic analysis, leaving outsiders to decide whether to trust the rosy projections from the utility.
What are they hiding? Does it include discussions of the risk demonstrated on the video?
Second is the ownership structure. One fact that is on the record is that no other offshore wind project proposed so far in the United States is 100% owned by a vertically integrated monopoly with captive ratepayers. If any of those known or unknown risks kick in, the added cost flows down to the 2.5 million Dominion customer accounts in this state.
It could have been a third party building the plant and signing a contract to sell power to the utility. Then the third party carries the risk of losing revenue if the plant fails to operate as proposed. There is a similar set up where the utility subsidizes the privately-owned plant by promising to buy the renewable energy credits rather than the electricity, again shedding risk. Dominion opted for placing the full risk on its ratepayers.
Third, the power isnt needed, not now and not for decades. In a wonderfully circular argument, the plant is needed to comply with the 2020 VCEA law, which of course was conceived and written by Dominions lawyers and lobbyists. Eventually, VCEA will force closure of Dominions very efficient natural gas generators. It will make the gas facilities less economically efficient in the meantime, but with them running at capacity and no turbines Virginia would have plenty of generation available.
The dirty secret on wind and solar is that they only work sometimes, but we need power always. Without the natural gas backup, Dominion cannot meet its load on cloudy, windless days. Missing from all the current equations are billions of dollars needed for gigawatts of battery backup if the gas plants close.
Fourth is the cost. The General Assembly bought the bogus argument that the plant would be reasonable and prudent if it only cost 40% more than the least efficient kind of natural gas plant, a peaking plant that runs almost never. If Dominion needs more generation, solar and onshore wind facilities would provide power for less money. Another gas plant would be better still, but the VCEA stands in the way of that option.
The SCC staff examined and costed out several ways that the advertised construction cost of almost $10 billion could prove too low or the 2027 scheduled completion could be delayed. Any combination of them would explode Dominions future rates. The SCC staff also raised the specter of the missing battery backup and its related cost.
That is the fifth reason, the prospect of failure, the operational risk. Dominion is claiming that the 176 turbines will really put out only 40% of their advertised 2,600 megawatts. Even that depends on only minimal maintenance stops and 25 years of perfect operation. The harsh ocean environment may quickly degrade the efficiency of the machines and the 40% capacity factor promise will then fade into history. A category five hurricane could destroy it in a day (see video above for how.)
Notice that not even mentioned are the likely issues that will arise when time comes to remove the rusted-out towers and miles of cable, the impact the project may have on endangered right whales or sea birds, or the major transmission lines that will crisscross Hampton Roads to connect all this. Litigation could delay the project.
The case to reject this project is overwhelming, which is why the General Assembly made rejecting it impossible.
First published this morning by the Thomas Jefferson Institute for Public Policy.
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Queensland’s wild weather expected to ease as low moves offshore, BOM says – ABC News
Posted: at 1:12 pm
Queensland should get a reprieve from wet conditions today, after being hit by heavy rain on Friday, the Bureau of Meteorology says.
Strong falls and gusty winds have battered much of the state's coast in recent days.
Senior forecaster Peter Markworth said the greatest falls had been in the Wide Bay and on the Sunshine Coast.
"The highest has been Gin Gin at 83 millimetres since 9amFriday. Sunshine Coast is the other region in the last 48 hours with over 100 millimetres but since 9am closer to probably 40 millimetres," Mr Markworth said.
The weather bureau said the strongest winds yesterday were recorded at Moreton Island and Double Island Point in the south-east, which were hit with gusts of about 100 kilometres per hour, while the Gold Coast had winds of about 80 kilometres an hour.
All Gold Coast beaches and most Sunshine Coast beaches remain closed.
Mr Markworth said the rough conditions werenot quite over yet.
A severe weather warning for damaging winds in the Wide Bay and Burnett and south-east coastwas cancelled by BOM at 8am this morning, but a severe weather warning for dangerous surf remained in place.
On Friday BOM senior hydrologistJess Carey said the weather system bringing the heavy rainfall to south-east Queensland was going to start moving offshore.
"These east coast lows are quite tricky to forecast from time to time, but really we're expecting that movement to the south-east," he said.
"What will persist over the next day or so is those really strong winds that we've seen upwards of 90 kilometres per hour and exposed areas along the south-east Queensland coast.
"That 4- to 5-metre swell with waves is certainly going to persist right along the south-east Queensland coastline and even into New South Wales as well."
Cruise ship the Coral Princess was supposed to dock in Brisbane at 6am yesterday, but due to the bad weather the port was closed so the ship hadto head out to sea near Caloundra.
Maritime Safety Queensland (MSQ) general manager Kell Dillon said yesterday afternoon pilotage was suspended due to wave and wind conditions.
"Providing it is safe to conduct pilotage [on Saturday] morning, it is hoped the Coral Princess can be alongside mid-afternoon on 23 July," he said.
"MSQ is working with all stakeholders to recover from the disruptions caused by the weather event.
"Questions about alternative options for the Coral Princess are best addressed to Carnival."
Mr Dillon said on Saturday morning that conditions still remained "unfavourable" for the ship to enter the port.
"Conditions are being monitored closely. Safety is Maritime Safety Queensland's top priority," Mr Dillon said.
"A marine pilot is expected to board the Coral Princess in the early afternoon to assist with bringing the vessel into port.
"Providing it is safe to conduct pilotage later today, it is hoped the Coral Princess can be alongside late afternoon on 23 July."
A spokesperson for Princess Cruises said:"Guests currently on board and those who were due to embark for the next cruise are being updated regarding the ships late arrival and being assisted as fully as possible," the spokesperson said.
Aman's body was recovered yesterday morning after he was swept away in floodwaters at Nanango following downpours on Thursday night that caused flash flooding in the South Burnett region.
Police confirmed the 47-year-old man's body was discovered near Sandy Creek bridge after a vehicle was swept into floodwaters along Brown Street about 5.30am on Friday.
Manager of the Fitzroy Hotel in Nanango, Sharon Shaw, said the news of the man's death was devastating.
"It's pretty sad, especially when you don't know who it is no death is any good," she said.
"My condolences to the family of the gentleman who passed away in the flood.
"Just remember, if it's flooded forget it. Your life isn't worth it."
Ms Shaw said the town was expecting more rain.
"We've been told lately that they're still predicting another 50 to 100 millimetres in the next couple of days," she said.
The Western Downs region had not experienced flash flooding to the extent of the South Burnett yesterday, but growers in the area had been left reeling after water-damaged crops.
Doug Wunsch grows wheat and barley on his property in Jandowae, and the heavy falls had drowned the crops he had replanted for a second time.
He said it was another devastating blow after finishing planting just hours before the heavy rain.
"I went back in and started replanting there Tuesday afternoon and planted on another 120 hectares and finished up last night [Thursday] and took note of what the forecast was only saying 4 to 6 millimetres," he said.
"It came down quite well on the roof and then it just sort of got quite serious with a bit of thunder and she went all night.
"What I've seen this morning, I've just given a good wave goodbye, I'd imagine."
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Queensland's wild weather expected to ease as low moves offshore, BOM says - ABC News
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What is Automation Software | Automation Anywhere
Posted: at 1:07 pm
At the most basic, automation software is designed to turn repeatable, routine tasks into automated actions. It's used in Business Process Management (BPM) and Robotic Process Automation (RPA), among others.
The next step up is process automation. Process automation uses automation software to manage business processes. It streamlines rudimentary, repetitive tasks, and can turn several similar business processes into a single action with a few quick keystrokes.
Well known benefits of process automation include increased productivity and efficiency because automation leaves the menial jobs to computers, such as process mining. This frees the human workforce to produce more in ways that require human logic, thinking, creativity and decision making.
Integration automation is higher up in the evolution of automation software. Known as "digital workers", these software bots can be "trained" via recorded workflows. Once a process is built it requires very little human intervention. Digital Workers can become part of an integrated human/robotic workforce.
The final step of automation software is artificial intelligence (AI) automation. The added functionality of AI means the automation software can use past experience to improve how they perform the tasks required of them.
An example is AI-powered chatbots. Unlike basic chatbots, a software bot with AI ability is able to use natural language processing (NLP) to understand what a user is asking and give intelligent responses.
Throughout these four types of automation software, there are varying degrees. For example, you can have business process automation with a level of AI and machine learning. This allows the application to dig into your business processes and find other time-consuming tasks that could be better optimized.
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Demystifying Security Automation for University IT Teams – EdTech Magazine: Focus on K-12
Posted: at 1:07 pm
SOAR Platforms Help Automate Cybersecurity Tasks
Security orchestration, automation and response (SOAR) platforms are driving efforts to automate cybersecurity functions. These systems build on the information-gathering and correlation capabilities of security information and event management (SIEM) technologies by adding on automated response capabilities. When a SOAR platform detects that certain conditions are met, it can immediately trigger a playbook of activities designed to respond to those conditions.
READ MORE:Improve cybersecurity by moving from SIEM to SOAR.
For example, if an endpoint detection and response (EDR) system notifies a SOAR platform that malware was detected on an end-user device, the SOAR platform can automatically kick off a series of actions, including:
Modifying the network configuration to place that system on an isolated VLAN where it cannot communicate with any other devices, containing the damage caused by the infection
Triggering the EDR platform to remediate the malware infection, restoring the system to proper working order
Firing off a vulnerability scan that analyzes the systems configuration to confirm that it no longer poses a threat to itself or the network
Modifying the network configuration again at the completion of these tasks to restore the systems normal access
All those actions, which might previously have required hours of effort by cybersecurity professionals, can take place quickly when automated through a SOAR platform.
FIND OUT:This is what it takes to secure the cloud.
The workflows triggered by SOAR playbooks do not need to be strictly sequential in nature, either. The workflow above could be enhanced by adding conditional steps that occur based upon the results of prior steps. For example, Step 3 could be modified to take different actions depending on the results of the vulnerability scan. If the scan reveals that the system is remediated, the workflow could move on to Step 4 and automatically restore normal operations.
If, on the other hand, the scan reveals that the automated remediation was unsuccessful, the system could remain on the quarantined VLAN and the SOAR platform could open a ticket in the organizations IT service management platform to trigger a human investigation and response.
Once you have a SOAR platform in place, you can integrate it with many of your existing security tools to perform a variety of routine tasks. Its normally a good idea to start small and focus on efforts that have the highest potential payback in terms of time savings and pose the lowest risk to the organization. Lets take a look at three ways SOAR platforms can quickly add value to an organization.
Automate malware incident response efforts.Weve already discussed malware response as a prime example of the effectiveness of SOAR platforms. Given the burden that malware response places on security teams, automating these responses should be a high priority for any SOAR implementation effort.
Gather information for incident responders.Incident responders spend a lot of time gathering information as they attempt to triage and respond to cybersecurity events. SOAR platforms can automate much of this work by reaching into other systems and information sources to gather the basic facts before passing an event on to a human analyst for investigation. For example, if the SOAR suspects that a system is connecting to a botnet, the system can gather network traffic logs, threat intelligence data, user information and other records to prepare a dossier that analysts can use as they investigate the incident.
Process phishing messages.Every organization is deluged by phishing messages and most have a standardized workflow when users report these messages to administrators. Cybersecurity analysts might immediately remove the message from the inboxes of other users, add destination systems in links to a Domain Name System blackhole, identify systems that visited the link and run malware scans on them, block future messages from the same source, and perform other related actions. All of these tasks can be automated using SOAR technology.
LEARN MORE:Protect networks with next-generation endpoint security.
These three use cases are just starting points based on the types of automation that will benefit most organizations. As teams roll out SOAR technology, they should think about the pain points that they encounter and identify organization-specific use cases that will deliver the most value to their teams.
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Demystifying Security Automation for University IT Teams - EdTech Magazine: Focus on K-12
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AI Holds the Key to Automation in the Food Industry – Design News
Posted: at 1:07 pm
Automation technology has been on a path of steady growth for years. Having been one of the top industry trends in 2022 based on extensive data evidencing its increasing importance in the food sector, it is safe to assume that these newfound solutions are here to stay, and for a reason.
The future of manufacturing revolves around Industry 4.0, and AI is an intrinsic part of how product distribution practices are morphing to make room for machine learning and smart solutions. With this new era fast approaching, it is critical that manufacturers turn to automation and AI to deal with emerging trends within the food and beverage industry.
Related: How Food Manufacturers Will Tackle the Labor Crisis in 2022
The Covid-19 pandemic has accelerated the rise of new digital technologies, and as we emerge from the earlier, more challenging stages of the pandemic, we are faced with a world that relies even more extensively on automation.
During the pandemic, companies had to devise ways of coping with staff shortages and unstable work conditions, with safety regulations also affecting the amount of personnel that was able to be in a facility at any given time. In an era when relying on manual labor has become increasingly more difficult, food manufacturers find themselves in need of modern solutions, which automation technology and AI can offer.
Related: Food Firms to Expand Use of Automation in 2022
By investing in systems capable of carrying out tasks and processes consistently and efficiently, manufacturers can rely on processes that are significantly more risk-free while also complying with new, fast-changing regulations and addressing Covid-related concerns such as sanitation.
The Covid-19 pandemic has undoubtedly changed the way individuals think about hygiene, prompting them to consider how and where their food is produced and packaged. This wave of concern regarding food hygiene was fast-rising regardless of the lack of evidence that the virus could be transmitted through food, rendering new solutions capable of catering to these needs essential.
Automated procedures can significantly reduce the risk of food-safety hazards, putting consumers minds at ease. Ultimately, we should aim to shift our focus to whats going to benefit consumers long-term and therefore provide a return - as food hygiene concerns are unlikely to disappear any time soon.
Improving product quality should be the main point of focus for manufacturers, and a significant contributing factor to food safety and compliance is cleaning practices. Traditional cleaning procedures cannot compete with intelligent systems capable of detecting even the smallest of toxins or contaminants, drastically improving product quality as a result.
The procedure of cleaning equipment can also be optimized by employing AI, which can be programmed to detect even the smallest of substances that could potentially be harmful to food production lines.
While the increase in production of plant-based food is not a new trend, it is nonetheless on the rise, with demand having more than doubled in value since 2016. Producing plant-based foods requires different procedures to be implemented, particularly when they are produced in the same factory as meat products. By offering efficient and quick quality assurance procedures, automation can cut down on the time that is spent ensuring there is no cross-contamination.
And this is not the only issue at the forefront of consumers minds. Consumers commitment to sustainability remains strong despite the spike in popularity of packaged food throughout the Covid-19 pandemic, with environment-conscious shoppers now returning to their pre-pandemic habits.
In this context, raising concerns about food wastage has become relevant again, and AI may just hold the key to developing stable processes to contribute to the sustainability cause. As well as being programmed to reduce waste and therefore prevent edible food from being disposed of by accident, AI technology can also be employed to collect useful data and in turn, develop algorithms that can consistently prevent waste within a supply chain.
Automation technology can improve the efficiency of overall manufacturing projects in a variety of ways, and open a world of previously inaccessible solutions. As it is paving the way for new routes within the food and beverage industry and beyond, it is not surprising that artificial intelligence is deemed to be the future.
Automated software can provide traceability within the supply chain by collecting and storing data that can be accessed later on by manufacturers to find faults in a system or procedure or identify the source of issues or time delays. Additionally, AI can operate in environments that could be unfit for humans, such as extremely hot or cold environments, and even contribute to producing food of higher quality by identifying ideal growing conditions for fresh produce, resulting in better flavor, and thus better products.
Implementing automated procedures to keep up with demand and changing habits is increasingly more relevant in an era where improving food reliability is essential. And while changing our habits on such short notice Is not without its challenges, AI can be programmed to quickly change the way activities or tasks are performed, ultimately providing a great return on investment by allowing manufacturers to rapidly adapt.
Manufacturers and businesses must seek expert advice to help safely manage operations that incorporate automation technology and AI.
Ian Hart is the business development director at adi Project, a division of the engineering firmadiGroup. The group has experience providing tailored engineering solutions designed to efficiently address clients needs, no matter how complex or ambitious, while also preparing them for the future.
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AI Holds the Key to Automation in the Food Industry - Design News
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Accenture Buying Eclipse Automation To Reinvent Manufacturing With Robots – CRN
Posted: at 1:07 pm
Managed services News C.J. Fairfield July 22, 2022, 02:08 PM EDT
Digitizing engineering and manufacturing is our clients next digital frontier, says Aaron Saint, North America lead for Industry X at Accenture. Accenture has deep digital expertise, Eclipse Automation is a leader in advanced automation capabilities, and combining these two capabilities will position Accenture better than ever to achieve this digital frontier.
Mammoth solutions provider Accenture will acquire Ontario, Canada-based Eclipse Automation to help clients build factories of the future by further enhancing robotics solutions and digital technologies.
Eclipse Automation specializes in manufacturing automation and robotics solutions for products in life sciences, industrial equipment, automotive, energy and consumer goods companies, such as electric vehicle batteries and wearable blood-glucose monitors. Their solutions include automation control systems and production machines and robots.
Financial terms of the deal were not disclosed.
Digitizing engineering and manufacturing is our clients next digital frontier, Aaron Saint, North America lead for Industry X at Accenture, told CRN. Accenture has deep digital expertise, Eclipse Automation is a leader in advanced automation capabilities, and combining these two capabilities will position Accenture better than ever to achieve this digital frontier.
[Related: THE 9 BIGGEST ACCENTURE ACQUISITIONS OF 2022 (SO FAR)]
He said Accenture has recently seen many companies bring production of goods back to local markets to combat supply chain shortages.
Accenture and Eclipse Automation together have the technology and training capabilities these companies need to develop a digital industrial workforce in markets where manufacturing skills are already scarce, he said.
Eclipse Automation was founded in 2001 and has offices in Canada, the U.S., Hungary, Germany, Switzerland and Malaysia. About 800 employees will come over in the acquisition.
For two decades, we have been leaders in delivering advanced automation solutions and high-tech manufacturing know-how to clients across multiple industries, said Steve Mai, CEO of Eclipse Automation, in a statement. By joining Accenture, we can also bring the advantages of data, AI and the cloud to our clients facilities at a scale that no other company can offer them.
The company will join Accenture Industry X, which will allow Accenture to offer automated production lines that leverage the cloud, data and artificial intelligence, making factories and plants more productive, sustainable and safe.
The acquisition is about scaling Accentures existing manufacturing automation and robotics capabilities, Saint said. Accenture started to build these capabilities with Pollux in Brazil, which engineers and deploys materials handling and autonomous mobile robots. Pollux has paved our way into autonomous robotics systems. In combination with all the capabilities Accenture has been building organically and through acquisitions, we will be able to offer a full turnkey end-to-end manufacturing solution for our clients at scale.
CJ Fairfield is an associate editor at CRN covering solution providers, MSPs and distributors. Prior to joining CRN, she worked at daily newspapers, including The Press of Atlantic City in New Jersey and The Frederick News-Post in Maryland. She can be reached at cfairfield@thechannelcompany.com.
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Chipotle announces investments in startups focusing on kitchen automation, plant-based alternatives – CNBC
Posted: at 1:07 pm
Hypen automated kitchen solutions.
Courtesy: Hyphen
Chipotle said Thursday it's investing in two companies that have the potential to accelerate its growth one that automates kitchen operations and another that makes plant-based versions of chicken and steak with mushrooms.
The Newport Beach, California-based company said Cultivate Next, its $50 million venture fund, will invest in Hyphen and Meati Foods.
Hyphen uses robotics to automate portioning out bowls and plates without the need for staff, Chipotle said in a release. Hyphen says its technology can make over 350 meals an hour.
The investment comes amid nationwide staffing shortages and is not Chipotle's first foray into automation investment. Last year, the company invested in Nuro, an automated delivery company, before creating its Cultivate Next fund. And his year, the company piloted Chippy, an autonomous machine that cooks and seasons Chipotle chips.
"Our goal is to drive efficiencies through collaborative robotics that will enable Chipotle's crew members to focus on other tasks in the restaurant," Chipotle's Chief Technology Officer Curt Garner said in a statement sent to CNBC .
Meati Foods, which received the other Cultivate Next investment, uses mushroom root to create plant-based chicken and steak alternatives. With the help of Chipotle's venture fund, Meati said it secured $150 million in its latest funding round.
Chipotle said in its release that plant-based options have been a priority for its menu in recent years. The company said it has not started the process of validating Meati products for inclusion into its menu.
Chipotle did not specify the dollar amount investments in Hyphen or Meati.
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Applied Automation: Increased Productivity for Applicant Tracking Systems – RTInsights
Posted: at 1:07 pm
With a modern, data-driven approach, companies can deliver enhanced user experiences by adding essential automated features that users cant live without.
Product and engineering teams are often faced with conquering a persistent end-user problem related to the hiring process at their organization unnecessary time spent on manual tasks such as interview scheduling and candidate communication. Applicant tracking systems (ATS) can be incredibly useful and allow product teams and engineers to help tackle this problem.
However, a common problem with ATS platforms is recruitings inefficiencies. This presents an opportunity for more connected and automated solutions. The simplest and most effective route to capitalize on this opportunity is through utilizing rich communications data that can unlock efficiency, productivity, and more engaging experiences. Companies can realize significant revenue gains by implementing rich productivity and digital experience features.
Free up Schedules with Automation Features
A primary goal for product and engineering teams is automating administrative tasks since the teams are often hampered by a backlog of features to build. Productivity features often cannot be implemented fast enough to keep up with increasing customer demand. Thus, product leaders are forced to make roadmap tradeoffs and release products that fall short of essential needs just to meet the deadline. While these products offer foundational capabilities, they lack the desired features to transform the recruiting experience by optimizing end-user efficiency and eliminating manual tasks.
Recruiters and HR teams must constantly juggle tasks, such as scheduling and conducting interviews, screening candidates, creating engaging job postings, vetting, and selecting the right candidate. So, they tend to gravitate toward features that automate and streamline the tedium of hiring new workers. This process can take a significant amount of time, usually several weeks or months, and often involves tracking and manual coordination. These mundane activities quickly add up, with the average recruiter spending 8 hours each week on administrative tasks that can be easily automated. Since this process is so cumbersome, 56% of recruitment firms have a dedicated interview scheduler on staff just for arranging in-person or video meetings.
See also: Hyperautomation is on the Two-Year Horizon
Why Companies Need to Unlock Productivity
Creating modern productivity and digital transformation features and experiences combines elements of cloud communications services, API platforms, low-code development tools, business process automation, and AI software development kits. ATS solutions that leverage these tools allow recruiters to increase their productivity by over 20%.
To help accelerate the product roadmap and simultaneously increase productivity for non-technical teams, product teams and developers need to solve these types of challenges at every stage of the software development lifecycle. Taking an out-of-the-box approach to building a modern ATS solution will help level up the companys recruiting needs. Benefits include:
See also: 5 Steps CIOs Can Take to Democratize Automation
How to Enhance ATS Platforms
Recruiters reported that the number one interview scheduling challenge is finding a time on calendars that works for all participants. Scheduling takes up so much time that 60% of recruiters report losing candidates before they can arrange an interview. Recruiters are not only wasting their time, but the hiring company is also missing opportunities to innovate and grow through its talent.
With a modern, data-driven approach, companies can deliver enhanced user experiences by adding essential automated features that users cant live without. Thus, recruiters and hiring managers can spend less time scheduling, following up, and sifting through emails. Instead, they can focus on improving the candidates experience and optimizing their interview processes. Its an easy adjustment for product teams who want a competitive edge and to differentiate themselves in a crowded market.
There are a plethora of benefits waiting for companies who emphasize and leverage rich datasets and productivity-driven features and solutions. A recruiters productivity increases by over 20% when ATS solutions leverage automation and data extraction proving to be an invaluable resource for teams. Teams that fast-track the addition of basic productivity and automation features can better focus on their strategic roadmap.
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Applied Automation: Increased Productivity for Applicant Tracking Systems - RTInsights
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Automation in cybersecurity: Overcoming barriers – BetaNews
Posted: at 1:07 pm
"Automation" has become a buzzword in cybersecurity circles. That is not surprising in an environment where security specialists are in short supply and under intense pressure to defend the business against a huge variety of threats from innumerable different sources. Using technology to do at least some of the work seems like a no-brainer. Nevertheless, it seems that organizations are finding it hard to get the right approach to cybersecurity automation.
Threat Quotient conducted research last year that found resources, time and a lack of trust in outcomes are preventing companies from realizing the benefits of automation. In a recent webinar, myself, Nabil Adouani, CEO of Strange Bee and co-founder of The Hive Project, and our Global VP of Threat Intelligence Engineering Chris Jacobs discussed the current state of automation, the expectations around what automation can actually achieve, and what this means for implementation in the real world.
From automation to orchestration and XDR -- all sides of the same coin?
One of the challenges around automation is defining what we mean by the term, and where it differs from orchestration. Really, automation is anything that replaces a manual human-driven activity with a computer-driven alternative. It has applications across the technology sector wherever there is a repetitive manual task that would be better done by a machine that never gets bored or makes mistakes.
In the incident response area of cybersecurity, automation can be used at any stage of the process. Examples include ingesting alert data, enrich alerts, and even automating elements of response. Often automation and orchestration seem to be used interchangeably, but there should be a distinction. Automation is the conversion/adaptation of a single manual process to be completed by machine, whereas orchestration is applied to a multi-stage workflow involving multiple different tools, which are automated and brought together to execute a process.
When it comes to XDR, there is further uncertainty around what this means. Analyst company Gartner suggests that XDR should have a minimum of three elements, such as endpoint detection and response, security incident and event management, and incident response capabilities on your platform. This would constitute XDR and orchestration could also be part of coordinating a series of automated actions based on the technology capabilities of the platform.
However, despite all the buzz around automation, orchestration, and XDR the path to implementation has not proved easy.
Orchestration is not a silver bullet
On the face of it, orchestration is a no-brainer, lifting the burden of repetitive tasks and saving time so cybersecurity teams can focus on higher-value activities. Yet adoption remains limited. Industry observers have even seen examples where businesses shifted from having no orchestration, straight to full orchestration, and then back to no orchestration again because they found they were spending all their time and resources fixing the automated workflows to function properly. They came to the conclusion that a simple script could work just as well for their use case.
Chris Jacobs advises that teams shouldnt assume that by buying and installing a platform theyll suddenly find themselves "magically" capable of doing things they werent doing before. First, they need to look at what processes they currently undertake manually and identify how these will benefit from orchestration into an automated workflow on the platform.
Nabil Adouani suggests that another reason for low adoption relates to the number of existing tools already in use. When there are already a lot of tools in play adding an orchestration platform that must be maintained actually increases the pressure on teams -- the exact opposite of the desired effect. If security professionals who want to be focusing on security need to frequently add new use cases, update workflows and work on integrations, this may lead to task avoidance and low adoption of the tool.
Deciding where to start
Organizations can feel overwhelmed when faced with the potential scale at which they could automate cybersecurity detection, management, and response, so where is the best place to start?
First, decide what types of incidents you want to handle with the tool. Then look at what you are already doing and where you are doing it when an incident occurs. So, for example, you might be using spreadsheets, one note, and emails to record and handle incidents, following a manual playbook. Look at that process and work out which elements could be automated, and then orchestrated into a multi-stage process in the platform. This approach has the added benefit of overcoming lack of trust in the outcomes of orchestrated processes. If you know what your process outcomes typically look like before you orchestrate them, you will find it easier to rationally accept a similar outcome from the orchestration tool.
Detection and vulnerability management are strong use cases for automation, and we recommend businesses put the majority of their focus here initially. Network detection, email security, and endpoint detection are all areas where, once issues are identified, multiple automated actions can be launched, such as informing the relevant stakeholders, enriching the alert data, and prioritizing the actions needed to mitigate the issue. In the case of vulnerability management, scanning identifies the weaknesses, and an automated workflow can share it with the people that need to action remediation.
It is also important to understand that the level of automation and orchestration that is appropriate will depend on the use case. Very few organizations will want to remove human oversight entirely from a process. For example, in patch management, its not advisable to automatically patch all your servers because the tool has identified a vulnerability and an available patch; there must be human input. Instead, you can use automation to find the right combination of compensating controls, so when the tool identifies a vulnerability, it automatically sends alerts to the relevant stakeholders so compensating controls can be put in place before the patch is implemented.
One of the major advantages of using a centralized platform is that all teams are using the same data and starting from the same point. This helps get cross-disciplinary IT and security teams working together and starts to break down the silos that often exist between departments.
In summary, when starting out with automation, first identify the repetitive, time-consuming workflows you already undertake that can be orchestrated. Then design the workflow with the appropriate balance of automation and human input for the use case, focusing initially on the detection phase before determining what aspects of response can or should be automated. Finally, explore how access to the tool can go further to break down silos between departments and get all teams working effectively together on a unified security mission.
This approach should reduce some of the pain points around implementing automation and ensure organizations are realistic in their expectations of what they can achieve.
Image credit: iqconcept/depositphotos.com
Yann Le Borgne is International VP of Threat Intelligence Engineering, Threat Quotient
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