Category Archives: Automation

AUSTIN, Texas, Aug. 18, 2021 /PRNewswire-PRWeb/ -- BP3 Global, an Austin, Texas based provider of automation services and solutions, today announced that it has acquired Agilify, an Indianapolis, Indiana based intelligent automation solution provider that delivers commercially proven advisory and technology services to help organizations realize the promise of intelligent automation faster and better.

BP3 CEO Scott Francis: "Agilify's team and methodology delivers the gold standard in Intelligent Automation programs and solutions. We're going to leverage the 'Agilify Way' across our practice. At the same time, BP3 brings so much expertise and capability to deliver customer success. I know we will go faster, farther, together."

The acquisition of Agilify adds an award-winning practitioner team to BP3's existing intelligent automation business. Currently, Agilify has distinguished itself as an intelligent automation pure play that has successfully implemented and scaled automation programs for many large scale organizations. Not only does Agilify offer the skillset to build and implement high quality automations, but the consulting ability to strategize the right automation program and develop organizational readiness to ensure the automation program impacts key business objectives.

Agilify CEO Doug Thompson: "This is an exciting time for Agilify. From our very first meeting, both our cultural and technical fit were obvious. BP3's global footprint, our joint obsession with superior solution delivery, and our complimentary services will provide increased value for our collective customers."

BP3 CEO Scott Francis is focused on the value the acquisition will provide to customers. "Adding Agilify's team is a great cultural fit for BP3. We share values and knowledge in the Intelligent Automation industry. This great team will enhance our ability to deliver exceptional advisory, implementation, licensing, and training services."

About BP3:

BP3 gives people faster ways to get things done. We streamline and automate the processes that drive everything from customer experience to employee productivity. To create more successful and lasting efficiencies BP3 brings more focus, more foresight, and more follow-up to every project. It is how we have achieved an unprecedented 99.9% success rate, and why some of the worlds more respected brands such as Charter Communications, Keller Williams, and Eli Lilly rely on BP3.

About Agilify:

Agilify helps organizations to identify, prioritize, implement, and scale enterprise-wide Intelligent Automation (IA) solutions. Our end-to-end approach delivers automation advisory and technology services to enable organizations to realize the promise of automation, faster and better.

Through strategic partnerships with leading automation technology makers, we deliver significant business outcomes around efficiency, innovation, and human empowerment that include lower costs, higher quality (speed, accuracy), and improved experiences for customers and employees alike.

Media Contact

Krista White, BP3 Global, +1 (512) 600-3239 Ext: 248, kwhite@bp-3.com

Krista White, BP3 Global Inc, kwhite@bp-3.com

Twitter, Facebook

SOURCE BP3 Global

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BP3 Global Acquires Agilify to Extend Automation Capabilities - inForney.com

The world is being automated.

Thats just an inevitable byproduct of technological advancement. As technology gets better and better, it eventually reaches a point where it surpasses humans at certain tasks. When that happens, companies start using the technology in place of the human, because a technology is cheaper and faster.

Automation is a natural part of the technological evolution.

Cars are being automated. Call centers are being automated. Delivery services are being automated. Software development is being automated.

Welcome, folks, to the Automation Economy.

In the Automation Economy, eventually and inevitably, almost all mundane and repetitive tasks will be automated.

One such vertical of this automated-everything megatrend that Im super excited about is the seismic shift toward automated warehouses.

Heres the story:

Everyone is shopping online now. This shift in consumer shopping preferences has sparked an equally large shift in fulfillment processes.

Long ago, when consumers went to stores and bought things, fulfillment was done in stores. Today, consumers sit at home and expect a package to be delivered to their doorstep that same day. And fulfillment is now done in warehouses and it needs to be done rapidly.

This shift in fulfillment has put an increased burden on the logistics market. Ultimately, it has highlighted the shortcomings of the decades-old, incumbent fulfillment process wherein people package, sort, and fulfill orders in antiquated warehouses.

Humans are slow. Theyre error-prone. And they need to be paid. Not to mention, there is a huge labor shortage in the economy right now.

Thus, human-driven fulfillment is slow, error-prone, and expensive.

Whats the fix? Automate warehouses. Replace humans with AI-powered robots that are fast, flawless, and cheap.

This is already happening. Amazon acquired robotics company Kiva Systems back in 2012. Even since, the company has spent an arm and a leg to automate warehouses. Today, Amazon has over 200,000 robots in service, and fully automated warehouses that fulfill orders rapidly, perfectly, and cheaply.

The results speak for themselves.

How else do you think Amazon offers same-day delivery and beats everyone else in the delivery space? How else do you think Amazon makes that delivery free?

Its all thanks to Amazons automated warehouses.

Now, everyone else like Walmart, Target, and Home Depot needs to play catch up and automate their own warehouses else theyre risk being completely dominated by Amazon.

But heres the problem: Only 5% of warehouses are currently automated, and over 90% of picking is currently done manually.

In other words, everyone not named Amazon in the logistics and retail worlds needs to invest a lot of money into automating their warehouses over the next decade.

The result? A boom in demand for automated warehouse technology.

This boom will not be small. Annual warehouse labor spending in the U.S. measures more than $230 billion. Throw in another $50 billion for automated material handling equipment (like forklifts), and youre talking about a $280-plus BILLION revolution here

And one small company that no one is talking about today is at the epicenter of this boom.

You see, there are two ways to automate warehouses.

The first way is to build entirely new, robot-friendly warehouses from the ground up.

This is a technologically easier way to automate warehouses (since you are building a new, controlled, and homogenous environment that the robots in these warehouses dont have to learn). But its economically more expensive, since building these warehouses is very expensive and requires that you essentially demolish your old warehouses.

This is what Amazon is doing. It is building completely new, fully automated warehouses.

The second way is to integrate AI-powered robotics solutions into existing warehouses.

This is a technologically harder way to automate warehouses (since warehouses are non-homogenous, and therefore, these robots must be capable of advanced learning and adjusting to any warehouse). But its also a much cheaper method since you dont have to build new warehouses or get rid of your existing warehouses.

This is what most companies will end up doing.

Thats because the giants in this space Walmart, Target, FedEx, TJX, etc. collectively have thousands of warehouses, strategically located across the world. Demolishing and rebuilding each of those would be far too expensive. So, instead, they will integrate AI-powered robotics solutions into their existing supply chain.

Thats technologically a very hard problem so hard, indeed, that it appears only one company has cracked the nut

Which company, you ask? Well, Im going to reveal more about how to access this company on Wednesday, Aug. 18 at 7 p.m. ET, at my 1 to 30 Wealth Summit. I encourage you to take a moment to reserve your seat here.

This is an automated tech startup that I think could easily soar at least 30X from current levels, which is why Ive included it in my new portfolio designed exclusively for my 1 to 30 Wealth Summit.

This portfolio also includes six other hypergrowth technology stocks representing the next generation of tech stock super winners each of which I feel has at least 30X upside potential.

Yes, Im talking about a portfolio crammed from peak to trough with the next Tesla, the next Amazon, the next Facebook, and the next wave of tech superpowers.

Buying them today could change your life forever.

And I want to give you the opportunity to do just that on Wednesday night at 7 p.m. ET.

Dont forget to sign up here (its completely free and painless) and to mark your calendars afterward. This will be an event to remember for the ages! I hope to see you there.

P.S. Tomorrow is the big day, folks! But before the event begins, Ill send you one more essay to complete our macro look into the small innovators powering the massive technological revolutions of our modern world.

In tomorrows essay, we look at the key to kickstarting the 3D Printing Revolution and unlocking the enormous potential of 3D printers. I believe that cost- and time-effective metal 3D printers will become commonplace in every factory in the world. And theres one stock in particular that will benefit in a big way.

This company rounds out my list of seven stocks making up my 1 to 30 Wealth Summit portfolio, and its just a taste of what you can expect on Wednesday.

If youre not signed up yet, I encourage you to take a minute to sign up here.

See you Wednesday!

On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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Invest in the Future of Everything With the Burgeoning Automation Economy - InvestorPlace

Dublin, Aug. 17, 2021 (GLOBE NEWSWIRE) -- The "Building automation systems Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.

The report on the global building automation systems market provides qualitative and quantitative analysis for the period from 2019 to 2027. The report predicts the global building automation systems market to grow with a CAGR of 7.4% over the forecast period from 2021-2027. The study on building automation systems market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2019 to 2027.

The report on building automation systems market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global building automation systems market over the period of 2019 to 2027. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global building automation systems market over the period of 2019 to 2027. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

2) Restraints

3) Opportunities

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the building automation systems market.

2. Complete coverage of all the segments in the building automation systems market to analyze the trends, developments in the global market and forecast of market size up to 2027.

3. Comprehensive analysis of the companies operating in the global building automation systems market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.

4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

Key Topics Covered:

1. Preface

2. Executive Summary

3. Global Building Automation Systems Market Overview3.1. Introduction3.2. Market Dynamics3.2.1. Drivers3.2.2. Restraints3.2.3. Opportunities3.3. Analysis of COVID-19 impact on the Building Automation Systems Market3.4. Porter's Five Forces Analysis3.5. Growth Matrix Analysis3.5.1. Growth Matrix Analysis by Offering3.5.2. Growth Matrix Analysis by Application3.5.3. Growth Matrix Analysis by Communication Technology3.5.4. Growth Matrix Analysis by Region3.6. Value Chain Analysis of Building Automation Systems Market

4. Building Automation Systems Market Macro Indicator Analysis

5. Global Building Automation Systems Market by Offering5.1. Facility Management Systems5.2. Security and Access Controls5.3. Fire Protection Systems5.4. Building Energy Management Software5.5. BAS Services5.6. Others

6. Global Building Automation Systems Market by Application6.1. Residential6.2. Commercial6.3. Office Buildings6.4. Retail and Public Assembly Buildings6.5. Hospitals and Healthcare Facilities6.6. Airports and Railway Stations6.7. Industrial

7. Global Building Automation Systems Market by Communication Technology7.1. Wired Technology7.2. Wireless Technology

8. Global Building Automation Systems Market by Region 2021-20278.1. North America8.1.1. North America Building Automation Systems Market by Offering8.1.2. North America Building Automation Systems Market by Application8.1.3. North America Building Automation Systems Market by Communication Technology8.1.4. North America Building Automation Systems Market by Country8.2. Europe8.2.1. Europe Building Automation Systems Market by Offering8.2.2. Europe Building Automation Systems Market by Application8.2.3. Europe Building Automation Systems Market by Communication Technology8.2.4. Europe Building Automation Systems Market by Country8.3. Asia-Pacific8.3.1. Asia-Pacific Building Automation Systems Market by Offering8.3.2. Asia-Pacific Building Automation Systems Market by Application8.3.3. Asia-Pacific Building Automation Systems Market by Communication Technology8.3.4. Asia-Pacific Building Automation Systems Market by Country8.4. RoW8.4.1. RoW Building Automation Systems Market by Offering8.4.2. RoW Building Automation Systems Market by Application8.4.3. RoW Building Automation Systems Market by Communication Technology8.4.4. RoW Building Automation Systems Market by Sub-region

9. Company Profiles and Competitive Landscape9.1. Competitive Landscape in the Global Building Automation Systems Market9.2. Companies Profiled9.2.1. JOHNSON CONTROLS9.2.2. HONEYWELL INTERNATIONAL9.2.3. SIEMENS AG9.2.4. SCHNEIDER ELECTRIC SE9.2.5. ROBERT BOSCH GmBH9.2.6. LEGRAND9.2.7. ABB Ltd9.2.8. HUBBELL Inc9.2.9. United Technologies Corporation9.2.10. Mitsubishi Electric Corporation

For more information about this report visit https://www.researchandmarkets.com/r/3nysfe

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Worldwide Building Automation Systems Industry to 2027 - Featuring Johnson Controls, Siemens and ABB Among Others - GlobeNewswire

The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now!

The pandemic has spurred an increase in the use of automation, with a third of enterprises reporting they have employed automated processes in five or more departments during the past year up from 15% in 2020. Thats according to Workatos inaugural Work Automation Index, which was released today and drew on nearly 700 mid-sized to large enterprises using Workatos workflow automation platform.

Enterprise automation experienced a rapid surge in adoption this past year no surprise, as business leaders closely examined where they could be more efficient in their operations and support remote teams amid a global pandemic, Workato CIO Carter Busse said in a press release.

The Work Automation Index, which looked at enterprises with between $50 million and over $2 billion in revenue from April 2019 to March 2021, found pronounced automation expansion in specific lines of business. For example, customer support automation saw the biggest uptick of any department (over 290% year-over-year), with automation of return and refund processing experiencing 476% growth from the pre-pandemic period.

During the pandemic, enterprises turned to automation to scale up their operations while freeing customer service reps to handle challenging workloads.According to Canam Research, 78% of contact centers in the U.S. now intend to deploy AI in the next three years. And research from The Harris Poll indicates that 46% of customer interactions are already automated, with the number expected to reach 59% by 2023.

Chatbot usage in particular exploded during the pandemic as organizations looked to bridge gaps in customer service and onboarding. In 2020, the chatbot market was valued at $17.17 billion, and it is projected to reach $102.29 billion by 2026, accordingto Mordor Intelligence. There was also a 67%increasein chatbot usage between 2018 and 2020. And Gartnerpredicts that by 2022, 70% of customer interactions will involve emerging technologies such as chatbots an increase of 15% from 2018.

Finance automation was another growing priority for enterprises over the past year, Workato found, with the volume of automated processes across the finance sector increasing by 199% almost threefold. At the same time, data pipeline automation i.e., automation of pipelines connecting business apps with cloud data warehouses surged by 152% as companies embraced digital transformation. But recruitment saw the highest automation expansion of any single process at 547%, reflecting the digital shift of employee hiring, onboarding, and offboarding.

Security and compliance automation grew by 171%, meanwhile, reflecting the broader industry trend. Known as an autonomous response, defensive AI-powered security automation can interrupt attacks without affecting day-to-day business. According to a recent Darktracereport, 44% of executives are assessing AI-enabled security systems and 38% are deploying autonomous response technology. In a 2019 analysis, Statista reported that around 80% of executives in the telecommunications industry believe their organization wouldnt be able to respond to cyberattacks without AI.

Overall, the Workato report reinforced the notion that the number of industries automation touches is still growing. A Deloitte report predicts the technology will achieve near-universal adoption within five years. And Gartner estimates that organizations can lower operational costs 30% by combining automation technologies like robotic process automation (RPA) with redesigned operational processes by 2024.

Automation was a key driver in departments we anticipated, like IT and finance, but also provided increased capabilities in areas we didnt expect, such as recruitment and customer success, Busse continued. From boosting employee productivity to creating better customer experiences, automation freed businesses and teams to focus on the priorities that mattered most at an incredibly uncertain time in the market.

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Automated workflows gained traction during the pandemic - VentureBeat

AI can help you decide what processes to automate and how to automate them.

Youve likely heard the popular saying, Sometimes you cant see the forest for the trees meaning, its easy to lose perspective on the big picture when preoccupied with smaller details.

Believe it or not, this can happen during an enterprises digital transformation, especially during complex, multi-phased evolutionslike the transition to a multi-hybrid cloud environment. With several layers of strategic discovery, technology selection and implementationwhich can often take weeks, months or even yearsit can be easy to lose sight of the objective.

It helps to step back and remember the end goal: the ability to scale and transform your enterprise to bring increased cost optimization and value, both to your business and your customers.

In the case of cloud adoption, your transformation happens by achieving a series of milestones, which weve outlined here. By seeing this big picture, youll know exactly where you fall in the overall process and what you need to do next to move forward.

Step 1: Get your data in order.The first step is assessing where all your data is, collecting it, cleaning it, organizing it and making sure its located in the right places. That also means containerizing itmaking sure its portable enough to migrate workloads between environments when needed to ensure better agility, security and cost optimization.

Unfortunately, many cloud customers and partners are learning that its not always easy to move workloads in and out of AWS, Azure or Google full-cloud environments. Oftentimes, this work proves to be challenging, time consuming and costly. But there are downsides to keeping all your data in on-prem data centers, too.

What businesses really need is the perfect combination of the twoa multicloud hybrid environment. They need reliability, scalability for growth and control to determine where applications should run, depending on workload needs and timing. Read more on why flexibility and containerization through Red Hat OpenShift are key components of the most agile cloud solutions,here.

Step 2: Leverage AI technology for smarter decision-making.Once you have a more efficient way of using your data, you can start to prioritize your next steps. Youll need to hone your focus and determine how best to use your data to make process improvements across the enterprise.

Artificial intelligence (AI) and machine learning can help you make the right decisions at the right time. By applying AI and automation across your hybrid cloud landscape, you can produce intelligent workflows and speed digital reinvention. Decisions can be made faster and with more confidence. You can implement automation to streamline low-value menial tasks. Customers can have better experiences and employees can focus on higher-value work.

AI can help you decidewhatprocesses to automate andhowto automate them.

For example, within IBMs hybrid cloud, Watson AI technology can scan across numerous workloads and environments, looking for ways to improve data sets, cost usage and consumption models to provide value back to customers. It can identify hotspots and bottlenecks in your operations, predict outcomes, run simulations, build contingency plans and provide guidance to make forward-looking decisions.Learn how it all works.

Armed with this information, you can take steps toward implementing automation across your multi-hybrid cloud environment, whether that includes using bots or AI or other automated tools to streamline processes. Read more abouthow AI can function across a hybrid cloud.

Step 3: Automate to remove human interaction.After you understand precisely how automated processes can streamline tasks, save time and bring new value to your business, you need to deploy the right technology, trust the process and remove yourself as a barrier to progress. Click on Page 2 to continue reading

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The Digital Transformation End Game: Automation through AI AI can help you decide what processes to - Channel Futures

Travel is all about experience. Decades ago, consumers looked to travel professionals to build their dream itinerary. Then digitization occurred, and suddenly everyone was a travel guru. However, they didnt have the local insights that would help them curate the ideal trip. From special activities to simply logistics, its hard to design travel without having any inside knowledge.

kimkim, a technology startup, is trying to merge both aspects on their platform. They help travelers design custom trips by connecting them with local specialists around the world. Its part human connection, part technology automation. The automation part is mainly on the side of the local travel specialist. They can use tools to do basic, mundane tasks around the itinerary, enabling them to have more time for the personalization aspects.

This new approach to travel planning could be a new trend that allows people to use technology to book and get locals insights.Chris McCarty, Head of Engineering at Kimkim, recently shared withMarketScale how his company technology brings together independent travelers and local specialists for great results.

So, how do we use automation to create a more unique experience? Weve tried several things around recommendations and sign-up processes. We found, generally, that it does a pretty good job. But ultimately, it falls short of what an experienced travel agent can do. Theres always some piece of the puzzle thats not quite right or not perfectly curated for that traveler.

Instead, we focus on the technology and a lot of automation, more on the traveler specialist side, with the tools we built. We try to make it easier and more efficient for our travel specialists to customize trips, add more information, and pick the activities, hotels, and transportation that are a good match for that traveler. Its also a reminder of the library of suppliers available.

They may go, oh thats right, I have that tour line that would be a great fit for that couple. While it also keeps them aware of possible problem areas, such as too many activities for one day and date for confirming or adding reservation details for their booking. It helps with following up with travelers faster. Automation makes the biggest gains by giving the specialist more time back. They can spend it on giving more attention to the travelers, coming up with more ideas, and talking to them on the phone. They can do more of these things rather than spending their time on getting basic itinerary information out.

To learn more, watch the full video and keep it locked to the Homepage of B2B for more travel news and insights.

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Customized Travel with Local Flavor: Automation + the Human Touch - MarketScale

Breadcrumb Trail Links

Episode 114 of Down to Business podcast

Author of the article:

Publishing date:

In the aftermath of a pandemic that forced many companies to shut down, either for a temporary period or months at a time, new reports are emerging that many companies are looking to invest in artificial intelligence and automation as a means to guard against the risks of future health crises.

This week on Down to Business, Natalia Mishagina, research director at the Institute for Research on Public Policy in Montreal, where she focuses on the future of skills and adult learning, came on the show to discuss technologys impact on jobs.

Mishagina recently oversaw a study conducted by researchers at Statistics Canada that examined which people are most at risk of having their jobs transformed by automation and artificial intelligence. As she explained, job transformation isnt the same thing as job loss. A job often consists of many responsibilities, and in many cases, only certain tasks will be automated. As always, the interview has been edited for clarity and brevity.

Listen on Apple Podcasts,Spotify,StitcherandGoogle Play, where you can also subscribe to get new episodes every Wednesday morning.

The rest is here:

The jobs most at risk of being transformed by automation - Financial Post

Robotic process automation has the potential to transform the real estate industry, allowing those companies that adopt the technology to be more efficient that those that don't

RPA has an important role to play in the transformation of traditional sectors, like real estate.

Robotic process automation, or RPA, has a significant role to play in the transformation of the real estate industry. The technology will allow real estate companies to automate arduous, manual tasks and allow real estate professionals to spend more time on assignments that add value to the business.

This article will explore why the real estate industry should adopt RPA, the benefits, the challenges, the impact for those companies that dont adopt robotics and two case studies to enforce the point.

Currently, real estate organisations like many in traditional industries face a challenge when it comes to driving efficiencies in back-office processes. Some activities, such as document management, invoice processing and the extraction of data from these documents, requires a lot of time and focus.

These tasks are, of course, extremely important, but they consume a considerable amount of time and labor to complete those.

Lately, according to Ranjit PV, Vice President, Technology at Retransform, real estate companies are now consistently looking for ways to improve these inefficiencies, at the same time reducing the cost and also improving the turnaround time for these activities.

One of the best ways to achieve this is through the adoption of RPA or robotics.

RPA allows organisations to easily automate such tedious and repetitive tasks that consume a considerable amount of time and human capital, adds PV.

Technology has important role to play for real estate companies looking to improve their operations to drive bottom line benefits, according to the founder of Retransform. Read here

Historically, traditional industries would have to make a decision whether to either outsource a technology solution like RPA to a service provider or deploy it in-house.

However, now according to PV, there is a third option.

Real estate companies looking to adopt RPA have an alternate option the virtual assistant or a virtual employee do these activities of onboarding a new tech solution, he says.

Ranjit PV is the Vice President, Technology at Retransform.

There are many benefits to adopting RPA in the real estate industry.

Adopting the technology will increase the efficiency of many tasks, because they will be done much faster in a digital environment.

This automation of repetitive tasks and the improved turnaround time on tasks, due to the bots working 24/7, will lead to cost savings.

Accuracy on tasks like data entry will also significantly improve, because once the bot has been programmed there are no distractions or failings.

The final benefit and perhaps the most important, is the time saved for employees by automating manual tasks. Employees could be moved into other areas where a human touch is required, more innovative areas or a revenue generating activity.

The adoption of RPA frees up human resource assessment. And from a compliance perspective, once you define the boundaries, the bots will work within these and ensure your business is compliant, adds PV.

Demonstrating the benefits of RPA in the real estate sector, specifically, PV provided two case studies.

1. Logistics real estate

The client is a global leader in logistics real estate with a focus on high-barrier, high-growth markets. A publicly traded real estate investment trust (REIT), client offers its customers and investors the most modern and geographically diverse platform of distribution space in the world. The client is known for its unparalleled customer service and commitment to sustainable development.

Use case

The client uses Salesforce to manage their business opportunities and Yardi Voyager to manage their leases. The opportunities (new leases and renewal leases) were first entered within Salesforce, and once they were closed, the leases were then manually entered into Yardi Voyager. This process was time-consuming and was prone to human error. Moreover, entering one lease into Yardi Voyager took 50 minutes to be completed.

To overcome these challenges, the client was seeking a solution that met the following criteria:

Solution provided

With Retransforms extensive experience in the Real Estate domain and expertise in RPA, the team helped develop a viable solution to automate the manual process of entering leases into Yardi Voyager using the information already available in Salesforce.

To meet the clients requirement, Retransform designed and developed a comprehensive RPA solution that included the BOT fetching the closed opportunities from Salesforce and creating / amending these leases within Yardi Voyager.

Benefits

The manual processing time for creating a lease into Yardi Voyager was over 50 minutes per lease. The BOT could complete the same in under 10 minutes. This resulted in providing considerable time savings, accuracy of data being entered and resource-saving to the client.

2. Commercial real estate

The client is an industry leader and one of the largest commercial real estate and finance organisations. With over five decades of experience, they specialise in creating, developing, and supporting member companies that provide commercial real estate-related services and alternative investment funds, including limited partnerships, institutional funds, and non-listed and listed REITs.

Use case

The client was migrating their ERP system from JD Edwards to Yardi. There volume of data (~ 500 GB) that was to be migrated was massive. After the migration, there was a need to validate the accuracy of the migrated data. This involved comparing the source system (JDE) data with the destination system (Yardi). This validation exercise, if done manually, would have taken a team couple of months to complete the assignment.

Client needed an automated solution to validate the accuracy of data for the following entities:

Solution provided

To meet the clients requirement, Retransform designed and developed an RPA solution that included development of multiple BOTs which would run 24/7. These BOTs will compare the JDE data with Yardi for accuracy. The JDE report templates were mapped and pre-defined with Yardis unique identifiers.

The BOT extracted the data from JDE reports, searched for the corresponding records in Yardi, and compared each data point. At the end of the process, the BOT generated a reconciliation report highlighting all the discrepancies found with the data points during the validation process.

Benefits

The manual processing time for validating the data could have taken over 2 months. The BOT could complete the same in two weeks, providing considerable time and resource-saving to the client. Additionally, the BOT quickly highlighted all the discrepancies, which were manually corrected before the application went LIVE.

Lynn Peters, vice-president of global operations at Retransform, spoke to Information Age about how a Fintech model can future-proof real estate assets. Read here

Despite the obvious benefits, as demonstrated above, there are a number of challenges in adopting a relatively new technology like RPA into a traditional industry.

There are late adopters when it comes to emerging technology, because in a sector like real estate the focus is on buying, selling and leasing out space there is little focus on the technical side of things from a board level perspective and throughout an organisation, unless you are in the IT team.

The term robotic process, automation intimidates people working in the real estate sector, and there are some other major deterrents in adopting these new technologies.

One is change management, says PV. Organisations need to have a champion who can drive the change of adopting something like RPA throughout the entire organisation.

Another challenge focuses on identifying the right process to activate, because there are certain rules which you need to follow when youre implementing RPA.

To overcome this challenge, PV suggests implementing RPA in a modular fashion.

Start small and automate low-hanging fruits. Once the rest of the business understands the benefits in these quick wins and sees the incremental improvements, wider adoption of the technology will be more seamless and experience less resistance, he says.

There is no doubt that despite there are challenges, RPA is gaining momentum and its getting a significant foothold in the real estate sector, primarily because the idea is to deal with improving process, and the business users are able to relate to this.

Real estate companies that dont adopt RPA, and similar technologies, will struggle to compete with other companies that do adopt the tech. By implementing RPA, the forward thinkers will be more efficient than their competitors.

RPA is primarily a very low risk, non-invasive technology. Organisations dont have to make a big change to their systems, and this improves a companys efficiency, the quality of work, the turnaround time, the customer satisfaction and lot more. Theres a lot a lot to gain by deploying RPA, but minimal risk.

See more here:

The role of robotic process automation in the real estate industry - Information Age

DUBLIN--(BUSINESS WIRE)--The "Global Terminal Automation Market Outlook to 2026" report has been added to ResearchAndMarkets.com's offering.

Global terminal automation market is expected to grow by over 5% CAGR during the market forecast period (2021-2025).

The market for global terminal automation is being driven by the cost benefits offered by terminal automation and the increasing regulatory requirements and environmental obligations in the terminal industry. In 2019, it was found that across the globe only 66 container terminals were automated or semi-automated. The presence of automated operations in the terminals is very low. This number is likely to reach 90+ by mid-2021.

Terminal operators are moving towards automation as it offers them benefits including lower energy consumption and emissions, a safer working environment, and reduced insurance costs. The labor costs and overall profits can also be optimized with the implementation of terminal automation. In addition to the benefits offered by terminal automation, the market is also being driven by the existing challenges from manual-based terminals.

About 90% of the world throughput is controlled by the top 21 global terminal operators. Some of the major operators include COSCO, PSA International, APM Terminals, Hutchison Ports DP World, Terminal Investment Limited, China Merchants Ports CMA CGM, SSA Marine, and ICTSI among others. The increasing focus on safety coupled with shortage and cost of trained labor is pushing the terminals towards automation.

This trend is likely to continue during the forecast period. The focus for optimal space utilization is also driving the terminal automation sales. The outbreak of the COVID 19 pandemic has made the terminal operators realize the importance of automation and digitalization to increase resilience to any similar future shocks.

There is a significant need for the automation of terminals in developing economies. For instance, in India, there are over 20 container terminals but none of these is fully automated. There exists a high potential for the implementation of automation in the existing terminals.

Automation helps in avoiding congestions and decreases storage charges and reduces demurrage & detention at the terminals. Terminal operators are keen on automated systems that improve the productivity and efficiency of the terminal by handling larger vessels with greater holding capacities.

Accordingly, the widespread adoption of terminals for blending, storing, and handling biofuels is boosting market growth. Even though the initial investment to automate terminals is highly expensive, it is suggested that the investment is worth the cost reductions to come in the future.

The global market for terminal automation is led by key players including ABB Ltd., Honeywell International Inc., Siemens AG, Rockwell Automation Inc., and Schneider Electric among others.

Key Topics Covered:

1. Executive Summary

2. Research Scope and Methodology

2.1 Aim & Objective of the study

2.2 Market Definition

2.3 Study Information

2.4 General Study Assumptions

2.5 Research Phases

3. Market Analysis

3.1 Introduction

3.2 Market Dynamics

3.3 Market Trends & Developments

3.4 Market Opportunities

3.5 Regulatory Policies

3.6 Analysis of COVID-19 Impact

4. Industry Analysis

4.1 Supply Chain Analysis

4.2 Porter's Five Forces Analysis

5. Market Segmentation & Forecast

5.1 By Project type

5.1.1 Brownfield

5.1.2 Greenfield

5.2 By Vertical

5.2.1 Chemical

5.2.2 Oil & Gas

5.2.3 Others

5.3 By Offering

5.3.1 Software & Services

5.3.2 Hardware

5.3.2.1 Tank Loading Area

5.3.2.2 Systems

5.3.2.3 Field Devices

5.3.2.4 Others

6. Regional Market Analysis

6.1 North America

6.1.1 United States

6.1.2 Canada

6.1.3 Mexico

6.2 Europe

6.2.1 Germany

6.2.2 United Kingdom

6.2.3 Italy

6.2.4 France

6.2.5 Russia

6.2.6 Rest of Europe

6.3 Asia-Pacific

6.3.1 China

6.3.2 India

6.3.3 Japan

6.3.4 South Korea

6.3.5 Rest of Asia-Pacific

6.4 South America

6.4.1 Brazil

6.4.2 Argentina

6.4.3 Rest of South America

6.5 Middle East & Africa

6.5.1 South Africa

6.5.2 Saudi Arabia

6.5.3 Rest of Middle East & Africa

7. Key Company Profiles

7.1 ABB Ltd.

7.2 Emerson Electric Co.

7.3 Zebra Technologies Corporation

7.4 Honeywell International Inc.

7.5 Implico Group.

7.6 Royal Vopak Nv

7.7 Larsen & Toubro Limited

7.8 Rockwell Automation, Inc

7.9 Schneider Electric

7.10 Siemens AG

7.11 Technipfmc PLC

7.12 Yokogawa Electric Corporation

7.13 General Electric

7.14 Endress+Hauser Management AG

8. Competitive Landscape

8.1 List of Notable Players in the Market

8.2 M&A, JV, and Agreements

8.3 Market Share Analysis

8.4 Strategies of Key Players

9. Conclusions and Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/7l7rgp

Read more:

Global Terminal Automation Market Outlook to 2026 with ABB, Honeywell International, Siemens, Rockwell Automation, and Schneider Electric Dominating -...

When CAD customization and design automation are used in a CAD design process, the end result is a better design that can be produced faster and at a lower cost.

FREMONT, CA: With the rise of CAD customization and design automation, the entire design process has taken on a new look and feel. What are CAD customization and design automation, exactly? What is the relationship between these two concepts? Find out below.

What is the Difference Between CAD Customization and Design Automation?

CAD customization can be beneficial when there are common, repetitive, or laborious jobs in a design process. CAD customization is defined as the development of specialized tools and technologies to automate repetitive processes in CAD.

One such tool is design automation. Design automation is a method of putting engineering knowledge into a system and using it in real-time during the development of a product where it makes sense. Engineers may, in other words, enter theories and concepts and how and when they apply them into the software.

Engineers and designers may save a lot of time while developing better designs by using a CAD software solution, modifying it, and automating it. The knowledge can then be automated into the design process as needed. This design automation allows engineering departments to concentrate their efforts on fewer time-consuming activities, focusing on innovation rather than repetition.

The Importance of CAD Customization and Design Automation

The future will be dominated by automation. Customization will be crucial moving forward. The results are remarkable when we combine the two principles in a CAD design process. It would not make sense not to do it because it is an undeniable win-win situation.

When CAD customization and design automation are used in a CAD design process, the end result is a better design that can be produced faster and at a lower cost. Companies who use CAD in this fashion benefit from better system integration and collaboration increased productivity and fewer human errors.

This translates to lower prices, better quality, and fewer resources. Companies can be more sensitive to client needs and more adaptable to change. These businesses are better positioned in the long run to create a sustainable future for themselves, their employees, and their stakeholders.

Another fantastic outcome is innovation. Designing is more exact, and modifications and enhancements may be made on the fly as the process evolves naturally. Furthermore, employees are happier at work since they focus less on redundant duties and more on generating superior designs.

Originally posted here:

CAD Customization and Design Automation: Difference and Importance - CIOReview