Category Archives: Automation

Swedish Software-as-a-Service (SaaS) company Verified, has acquired Swedish regtech start-up Pliance, an AML automation platform for an undisclosed amount.

Verified, founded in 2012, provides a portfolio of digital signature and digital identification products for KYC and AML compliance, and claims to have 2,000 customers in the Nordic countries, across the healthcare, financial services, insurance, travel, and construction sectors.

The company provides integrations with popular existing electronic identification systems such as Sweden and Norways BankID, Finlands FTN, and Denmarks NemID.

Pilance, founded in 2018, offers tools that automate AML processes for companies. These include processes such as screening for Politically Exposed Persons ( PEPs) and Ultimate Beneficial Owners (UBO), as well as sanction screenings and ongoing monitoring for financial institutions.

Verified says that Pilances technology will complement its existing suite of KYC and AML services, including its partnership with its most recent acquisition, Assently, which specializes in secure and digital identity verification.

Verified acquired Assently, also based in Stockholm, for another undisclosed sum in April 2023.

Assently, also based in Stockholm, provides e-signature and e-authentication services for SaaS, operating in all the Nordic countries, as well as internationally.

The news comes after Verified recently received a 31 million (roughly US$33.7 million) investment from Verdane, a London-based investment fund that specializes in making growth investments in Northern European tech companies.

We are excited to join the Verified family and contribute to the companys mission of delivering best-in-class compliance solutions to businesses across Europe, says Siam Choudhury, CEO of Pliance. Our combined expertise and technological capabilities will enable us to provide an even more comprehensive and seamless compliance experience for our clients.

He added: As well as being an excellent culture fit, we share a strong commitment to our customers.

acquisitions | AML | electronic-signature | Pliance | Verified

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Verified acquires Pliance to compliment digital signatures with AML ... - Biometric Update

HireVue, a platform focused on video interviewing and text-enabled recruiting solutions, has acquired Modern Hire, an intelligent hiring platform, to build on its end-to-end hiring automation solutions, according to a May 9 announcement.

In combination, the platforms will aim to enhance pre-hire assessments and interviewing, powered by ethical AI, the company said.

HireVues mission is to change lives by connecting talent to opportunities. The acquisition of Modern Hire will enable us to continue to push the boundaries of what is possible in hiring technology, by adding to our own best-in-class science, technology, and industry experience, Anthony Reynolds, CEO of HireVue, said in the statement.

Modern Hire features Virtual Job Tryout role-based assessments, a rising point of interest as more employers consider ways to hire based on skills.

The acquisition also comes as employers lean hard into automation, in part pushing forward pandemic-era practices. Virtual hiring trends will likely continue, HR Dive has reported, and now hiring platforms are creating solutions for the later, more complex stages of the talent acquisition process. Pre-assessments, on-demand video interviews and job simulations are becoming more popular as hiring managers look for better ways to use data and AI to find the best candidates.

Of course, despite the growing popularity of these tools, employers may want to exercise caution when relying on automation and AI in the hiring process. The White House plans to examine automated tools that track and manage workers. Other federal agencies, including the Equal Employment Opportunity Commission, Consumer Financial Protection Bureau, and Department of Justice, also have said they intend to address the use of AI and automated systems in workplaces. New York City, likewise, has issued regulations restricting AI in hiring; enforcement is expected to start July 5.

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HireVue acquires Modern Hire to bolster hiring automation capabilities - HR Dive

Fluke Process Instruments has launched the new ThermoView TV30 thermal camera for factory automation and asset monitoring.

The rugged, fixed-installation infrared camera measures a wide temperature range from -10 C to 1300 C (14 F 2372 F) and provides an unrivaled scope of features and functions. The standalone camera provides full connectivity for easy integration with a PLC via OPC UA, or MQTT.

Image Credit: Fluke Process Instruments

The new ThermoView TV30 thermal camera provides 24/7 monitoring of critical production processes or assets and real-time analysis and feedback to control systems to assure adherence to set temperature values and avoid downtimes or costly repairs. Users can program any number of Areas of Interest (AOI) with individual tolerances and automatic alarms.

The thermal camera is powered via a 24 VDC power supply or Power over Ethernet. It features a remote motorized focus. Three lens options are available with narrow or wide fields of view for different working distances. The camera housing is rated IP67. The manufacturer provides a full range of accessories for mounting outside or in hot, dusty or dirty environments.

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Advanced thermal imager for industrial automation, inspection ... - AZoM

If we needed more proof that the worlds warehouses and DCs are being equipped with more robots and automation, then ProMat 2023 definitely sealed the deal.

Sprinkled among the many different traditional materials handling vendors on the exhibition floorand in some cases, integrated right into those vendors own boothswas an amazing number of advanced robotics solutions that a record 51,000 show attendees oohed and aahed over during the shows four-day run.

The ongoing worker shortage, growth of e-commerce, pressure to do more with less, and the advancements weve seen in warehouse robotics over the last couple years are just some of the reasons more companies are interested in or investing in robotics for their fulfillment centers.

By 2026, research firm Gartner predicts that 75% of large enterprises will have adopted some form of intralogistics smart robots, which it defines as cyber-physical robotic automation thats primarily aimed at warehouse and DC environments.

According to Mordor Intelligence, the warehouse robotics market was valued at $9.9 billion in 2021 and is on track to exceed $23 billion by 2027. Using the Industrial Internet of Things (IIoT) and connected systems, companies are using robotics to tackle a number of tasks, including material batching, picking, ordering, packaging, warehouse security and inspection.

Leading into the Automate show (May 22-25 in Detroit), where we expect to see 700 exhibitors and 25,000 registrants evaluate even more robots, and to gauge current adoption rates and learn more about how companies are using intralogistics robotics and automation in their operations, Peerless Research Group (PRG) conducted a new Intralogistics Robotics Study in March 2023.

Nearly 200Modern Materials Handlingand sister publicationLogistics Managementreaders provided input for the online survey, which was largely focused on the current state of robotics automation adoption and use cases.

Responsible for hiring, interviewing or sourcing full-time or part-time labor to manage materials handling, distribution and/or fulfillment, the survey respondents work in manufacturing (39%), transportation and warehousing services (10%), and retail trade (14%) industries. Specific to manufacturing, 21% of respondents work in the food, beverage and tobacco sector; 11% in textiles and apparel; and 9% in automotive and transportation equipment.

For this survey, the key industry sectors represented include fabricated metals, industrial machinery and plastics and rubber. The majority of companies (38.8%) have annual revenues of less than $50 million, while 11.2% have somewhere between $100 million to $249.9 million in revenues. Another 9.2% work for organizations that reported revenues of $2.5 billion or more.

Survey respondents hold a range of positions from corporate management (23%) to plant manager (13%), to logistics director or manager (13%), to purchasing or procurement (7%), to industrial engineers (7%). Thirty-nine percent of them are either potential buyers or current users of robotic automation systems and/or services, while 12% are sellers of robotic automation systems and/or services and 9% provide robotic automation consulting and systems integration services.

A growing number of companies are interested in using more robots and automation in their DCs and warehouses. According to our survey, nearly half (43%) of companies plan to use robots in their facilities at some point within the next three years. Thirty-seven percent have already made a move in this direction, and another 13% plan to start using robots by 2026 or later.

A stunning 4% of readers said they have no plans to use robots in their warehouses. That number fell significantly compared to a similar survey last year, when 40% of survey respondents said they have no plans to use robots at this time.

When asked to share their main reasons fornotinvesting in robotics, respondents to the 2022 survey cited warehousing and storage; order customization; inventory management; and individual pick, pack and ship as their biggest hang-ups. Other obstacles included a lack of management support, too many variables in products, space and cost constraints, and inventory fluctuations. It appears that at least some of those hurdles have come down over the last year.

According to this years survey, the majority of companies (63%) are currently using or considering other types of large-scale intralogistics automation like conveyors, sortation, storage/retrieval or shuttle systems, while 21% are not using this type of equipment in their operations.

When it comes to economic factors impacting operations over the next two years, 33% of responding companies expect significant impacts as a result of inflation, while 32% are concerned about an economic recession, and 34% see workforce constraints as an ongoing problem for their companies over the next 24 months. About 19% of respondents feel their organizations are very well positioned to address workforce constraints.

When asked about the current state of their organizations pursuit of robotic systems in their warehouses or DCs, 46% of respondents that plan to implement robots in the future say they are in the education and knowledge gathering stage, and 14% are in the strategy and vision formulation phase. Another 14% are documenting requirements and others are currently focused on impact analysis (6%), the active selection process (6%), finalization of commercial conditions (3%) or are implementing their first robots in the live production environment (3%).

The most popular use cases for robotics today are packing (35%), unit load/heavy payload transport (35%), collaborative picking (29%), put-away to storage (29%) and case/tote transport (29%). Other use cases include robotic picking (24%), order/case picking (24%), sorting (24%) and replenishment (24%).

In most cases, companies invest in robotics with the goal of reducing labor costs; increasing flow and throughput; and addressing labor shortages and availability constraints.

Asked about their top reasons for using robotics, respondents said the primary use cases included truck loading and unloading (37%), packing (37%), robotic picking (33%), order/case picking (33%) and put-away to storage (33%).

Other companies want to use robotics for cycle-counting/data collection (27%), order consolidation (20%), unit load/heavy payload transport (17%) or case/tote transport (17%).

Of the top robotic automation systems that companies will be evaluating over the next three years, robotic picking systems (45%), stationary industrial robots (38%) and order/case picking systems (35%) hold the top spots on respondents wish lists right now. Other companies are interested in truck-loading/unloading (31%), sortation robots (24%), heavy payload high-reach systems (21%), case/tote transport robots (21%) and collaborative in-aisle picking systems (21%).

Forty-one percent of survey respondents say they would prefer to buy the entire robotic solution as a pure capital expense (capex) with both hardware and software, while 38% would prefer a robot-as-a-service model (pure operating expense, or opex). Fourteen percent want to buy their robots outright and then subscribe to the software-as-a-service (SaaS) model.

Fourteen percent of companies currently have funding for a robotic automation system initiative. Another 45% dont have the funding in place yet but say the process is underway, while 38% have no funding available for a robotics initiative.

Half of the respondents who are planning to implement robotic automation say that return on investment (ROI) is extremely important to them when choosing a robotics solution, while an equal number of respondents say safety is a top concern. Thirty-nine percent of them say total cost of ownership (TCO) is extremely important.

Over the next three years, 35% of companies are considering using robotics for order/case picking and an equal number are considering case/tote transport robots or robotics for truck loading and unloading. Other companies would like to implement autonomous retrieval-to-person or put-wall robots (29%); mobile goods-to person systems (24%); or robotic picking systems (24%).

About 35% of companies that have already deployed robotics are now planning to pursue new robotic automation use cases and are already making moves in this direction. Additionally, 29% say their new projects are already underway and 24% say they have no current plans to pursue other robotic use cases.

The additional robotics use cases that are being explored include replenishment (31%); unit load/heavy payload transport (31%); goods receiving and unloading (25%); packing (25%); and case/tote transport (19%).

Over the next two to five years, the primary types of robotic automation systems that companies will likely invest in include case/tote transport robots (31%), mobile goods-to-person systems (31%), heavy payload carry-on-top transport robots (25%) and stationary industrial robots (25%).

An equal number of survey respondents (19%) will be evaluating heavy payload forked/tugger transport robots, collaborative in-aisle picking robots, mobile goods-to-person systems and cleaning robots over the next two to five years.

When selecting these and other robotics solutions, the top business factors that organizations will consider include ROI (which 56% of companies consider extremely important), time to value (44%), TCO (31%), payback time (31%) and investment risk (31%).

Asked whether their current intralogistics robotics met these objectives, survey respondents were positive. For example, 67% of them say their time to value and investment risk objectives were met, while 53% say the TCO aligned with their expectations. Just more than half (53%) of intralogistics robotics users say their ROI goals were met, and 27% said those goals were exceeded once the equipment was put in place and implemented.

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Warehouse Automation Survey 2023: More robots are coming to a ... - Modern Materials Handling

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Agriculture Automation and Control Systems Market Untapped ... - Digital Journal

The Government of Himachal Pradesh is focused on digitizing and automating the states food distribution management system to increase efficiency and ensure transparency. The state has a strong network of 117 wholesale godowns and 5,078 retail fair-price shops, making it one of the most robust public distribution systems in the country.

To date, 19.08 lakh ration cards have been digitized and Android-based devices have been installed at all fair price shops for automation. The Food and Civil Supplies department is implementing end-to-end computerization to improve the efficiency and transparency of the public distribution system. Inspections of wholesale stores, flour mills, and fair-price shops are conducted regularly to ensure the quality of food items. Liquefied Petroleum Gas distribution is also being ensured throughout the state.

The distribution of essential commodities is being done under APL, BPL Antyodaya Anna Yojana, and Annapurna Yojana. Additionally, all ration cardholders in fair-price shops throughout the state receive edible oil containing iron, folic acid, and Vitamin D.

To ensure fairness in sales, point-of-sale machines have been installed at fair-price shops. Aadhaar seeding has almost been completed to identify eligible consumers and check bogus and duplicate ration cards in the state. The governments focus on digitization and automation is expected to increase the efficiency and transparency of the public distribution system.

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Himachal Pradesh Government Prioritizes Digitization and ... - TheNewsHimachal

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Are You Looking for a Top Momentum Pick? Why Rockwell Automation (ROK) is a Great Choice  Zacks Investment Research

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Are You Looking for a Top Momentum Pick? Why Rockwell Automation (ROK) is a Great Choice - Zacks Investment Research

Industrial Automation Sensors Market is Predicted to Hit a Revenue of USD 37.76 Billion by Growing with a CAGR of 9.12% During 2022-2028; Growing Automation and Rising Adoption of Wireless Connectivity to Drive Market Growth SkyQuest  Yahoo Finance

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Industrial Automation Sensors Market is Predicted to Hit a Revenue of USD 37.76 Billion by Growing with a CAGR of 9.12% During 2022-2028; Growing...

Declining Stock and Decent Financials: Is The Market Wrong About Honeywell Automation India Limited (NSE:HONAUT)?  Simply Wall St

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Declining Stock and Decent Financials: Is The Market Wrong About Honeywell Automation India Limited (NSE:HONAUT)? - Simply Wall St