Category Archives: Automation

CHICAGO, Dec. 10, 2021 /PRNewswire/ -- According to a research report "Automation Testing Market by Component (Testing Types (Static Testing and Dynamic Testing) and Services), Endpoint Interface (Mobile, Web, Desktop, and Embedded Software), Organization Size, Vertical, and Region - Global Forecast to 2026", published by MarketsandMarkets, the Automation Testing Market size is expected to grow USD 20.7 billion in 2021 to USD 49.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.2% during the forecast period. The Automation Testing Market is growing due to the rapid adoption of advanced technologies.

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Implementation services segment to grow at the highest CAGR during the forecast period

Implementation services facilitate the integration of automation into the existing software testing infrastructure. Interoperability issues are a major concern in deploying platforms with automation testing solutions. Hence, integrating the solutions with various hardware components and testing the functioning of the entire system is of the utmost importance for the successful execution of automation testing solutions. These services bring together several communication standards, diverse services, and device and data management tools to build automation testing solutions for organizations. Furthermore, these services begin with collecting customers' requirements and then deploying, integrating, testing, and rolling out the solutions. These services enable organizations to integrate their operational and enterprise environment to provide a transparent testing experience ultimately.

Mobile Endpoint Interface segment is expected to grow at a higher CAGR during the forecast period

Mobile automation testing is an important segment in this fast-moving world. When the development team becomes acquainted, they can work fleetly, and there is no possibility that the existing features will change. Even with the best manual testing processes and test engineers, it is considered that no company can set up and afford the framework for testing mobile applications. Repeating the tests manually is costly and time-consuming, whereas, in the case of test automation, time and cost are both saved as the tests performed are spontaneous according to the framework

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Asia Pacific (APAC) region to record the highest growing region in the Automation Testing Market

APAC is the most promising region as it has major economies, such as Australia, Japan, Singapore, China, New Zealand, and Hong Kong, which offer significant growth opportunities for automation testing vendors. The region is expected to grow at the highest CAGR during the forecast period. This region comprises major economies like India, and China which has a very large customer base. The governments are taking initiatives for rapid adoption of new technologies like AI and ML, automation, IoT, mobile and web-based applications, cloud-based services, and other technologies.

Key and innovative vendors in the Automation Testing Market are Accenture (Ireland), AFour Technologies (US), Applitools (US), Astegic (US), Broadcom (US), Capgemini (France), Cigniti Technologies (India), Codoid (India), Cygnet Infotech (India), froglogic (Germany), IBM (US), Infostrecth (US), Invensis (India), Keysight Technologies (US), Micro Focus (UK), Microsoft (US), Mobisoft Infotech (US), Parasoft (US), ProdPerfect (US), QA Mentor (US), QA Source (US), QualityKiosk Technologies (India), Ranorex (Austria), Sauce Labs (US), Smartbear Software (US), Testim.io (US), Thinksys (US), Tricentis (US), Worksoft (US).

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Cloud Testing Market by Component (Testing Tools/Platforms and Services), Testing Tool/Platform (Functional Testing, API Testing), Service (Managed Services and Professional Services), Vertical, and Region - Global Forecast to 2022

API Testing Market by Component (API Testing Software/Tools and API Testing Services), Deployment Type (Cloud Based and On-Premises), Vertical, and Region - Global Forecast to 2022

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Companies Invest In Automation To Plug Gaps In An Aging Workforce

It might seem intuitive to assume that technology is adopted based primarily on the merits of the technology and its impact on things like productivity.That isn't, however, what new research from MIT shows.Instead, it argues that we tend to invest more in robotics and other automation-based technologies when our populations become older as employers strive to plug gaps in an aging workforce.

"Demographic changeagingis one of the most important factors leading to the adoption of robotics and other automationtechnologies," the researchers explain.

Indeed, when it comes to the adoption of technologies, such as robotics, the authors argue that the demographics of the population account for up to 35% of the variation between countries.What's more, a similar phenomenon appears to be occurring within countries too, with metro areas in the United States that are aging faster adopting automation technologies faster than areas that are aging more slowly.

"We provide a lot of evidence to bolster the case that this is acausal relationship, and it is driven by precisely the industries that are most affected by aging and have opportunities for automating work," the researchers say.

We're obviously in the midst of the so-called "great resignation", and reports of unfilled vacancies have prevaricated around the world in the past year.It's also true that most developed countries around the world are aging rapidly, with nations such as Japan, Italy, Finland, and Portugal aging the fastest.

The MIT research examines a range of industry, demographic, and technological data from the 1990s through to the mid-2010s.The data shows a strong relationship between the age of the workforce, which was defined as the ratio of workers aged over 56 and those aged between 21 and 55, and the adoption of robotics in 60 different countries.

The age of the workforce alone was found to account for 35% of the variation in the adoption of robots in a country, as well as around 20% of the variation in the importing of robots into the country.This was especially so in countries like South Korea and Germany, both of whom are aging rapidly.Indeed, the data found that the age of the population accounted for 80% of the variation in robot adoption between Germany and the United States.

"Our findings suggest that quite a bit of investment in robotics is not driven by the fact that this is the next 'amazing frontier," but because some countries have shortages of labor, especially middle-aged labor that would be necessary for blue-collar work," the researchers say.

After exploring the adoption of other automation-based technologies across 129 countries, the researchers believe this same narrative holds true for all forms of automation.

"We find the same thing when we look at other automation technologies, such as numerically controlled machinery or automated machine tools," they explain.

Importantly, it's not a trend that is observed for non-automation technologies, such as computers and more standard information technology.There were also some interesting trends in terms of how the adoption of automation technologies impacted the labor market.

For instance, in Germany robots were adopted in large part because of a shortage of workers, so it was not done as a cost-cutting measure but rather to maintain productivity.In the United States, however, this was not so much the case, with automation being used to replace younger workers more often.

"This is a potential explanation for why South Korea, Japan, and Germanythe leaders in robot investment and the most rapidly aging countries in the worldhave not seen labor market outcomes [as bad] as those in the U.S.," the researchers explain.

While the findings are interesting from an international perspective, the fact that they also hold up when looking within countries is equally important, especially given the quite evident divides that have arisen in developed countries in recent years, not least between large cities and smaller towns and rural areas.

The researchers used the same techniques used internationally to examine the adoption of robotics and automation in around 700 metropolitan areas across the United States between 1990 and 2015.To make the comparison as fair as possible, they attempted to account for factors such as local labor trends or the industrial composition of the economy.

Generally speaking, the same trends appeared locally as they did globally.The older the workforce was, the greater the adoption of robots and other automated technologies.For every 10 percentage point rise in the age of the local population, there was a 6.45 percentage point rise in the number of firms specializing in industrial robots.

If the "Great Resignation" means the worker shortage gets even more serious, then this study suggests we can look forward to growth in automation without the accompanying fears that the robots will be "taking our jobs".

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These automation start-ups have raised biggest automation investments and funding of 2021

The emergence of artificial intelligence has created massive popularity of adopting automation in multiple industries across the world. Investors are instigated to invest millions of dollars in different automation start-ups to boost the efficiency and performance of companies. The main aim of these automation start-ups is to enhance the standard of living of society including employees and customers. Automation funding as well as automation investments are thriving in the global tech market with multiple seeding rounds like Series A, Series B, and many more. The global automation market is expected to hit US$355.44 billion in 2028 with a CAGR of 9.2%. Lets explore some of the biggest automation investments and funding of 2021.

Posh Technologies has received one of the biggest automation investments in 2021 with US$27.5 million automation funding. This automation startup is focused on conversational AI and natural language processing technology. It has received this automation funding from Series A from Canapi Ventures with additional investments in product research and development.

Torq has raised US$50 million in Series B automation funding as one of the biggest automation investment of 2021. Torq is known as the Portland-based no-code automation platform for security teams and the total funding value has led to US$78 million. This automation investment is led by SentinelOne, GGV Capital, and Bessemer Venture Partners. It will utilize the amount to boost expansion to meet demand from customers and manage security service providers.

Celigo has secured one of the biggest automation investments of 2021 with US$48 million in Series C from OMERS Growth Equity and NewSpring Capital. The aim is to spend this automation funding on improving business automation for mid-market companies and go-to-market capacity. This automation start-up is popular for being the only iPaaS company to deliver prebuilt business process automations with embedded business logic.

Tipalti has raised intelligent automation investment worth US$270 million as an accounts payable automation start-up. It received this automation funding in Series F and the total valuation has reached US$8.3 billion. This automation start-up utilizes artificial intelligence to help businesses manage suppliers, invoices, payments, and many other financial services from one cloud platform.

Pento is a popular automation start-up known for creating a payroll automation software has received US$35 million in a Series B from Tiger Global Management and Avid Ventures. The SaaS offering is fully automated for the payroll managers and finance teams to have more control and visibility.

Virtuoso has secured US$13.3 million in a Series A automation funding from Paladin Capital, Mubadala Capital, Crane Venture Partners, Forward Partners, and Downing Ventures. This automation start-up is focused on delivering codeless test automation to CI/CD through natural language interface. It leverages RPA to simplify the quality assurance process of testing software deployments.

Workato has nabbed one of the biggest automation investments and funding of 2021 with US$200 million in a Series E automation funding to boost record growth as well as capitalize on the increasing demand for enterprise automation. This automation investment was led by Battery Ventures, Insight Partners, Altimeter Capital, and Tiger Global.

WorkFusion has successfully raised US$220 million to scale its growth in intelligent automation. This is one of the biggest intelligent automation investments of 2021 in a Series F automation funding from Georgian. This funding will help to boost its leadership trajectory in the worlds fastest-growing software segment. The intelligent automation software helps in automating industry-specific manual operations to solve complex business problems efficiently.

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HO CHI MINH CITY, Vietnam, Dec. 10, 2021 /PRNewswire/ -- Bizzi, a Vietnam-based accounts payable automation SaaS, emerged as the winner of the Digital Transformation (DX) Award 2021 organised by the Swiss Chamber of Commerce and Industry (SwissCham) in Singapore and Deloitte.

The DX Award 2021, now in its second year, celebrates the pursuit of innovation and digitalisation across Singapore and Southeast Asia, features eight subcategories this year: Cybersecurity; Financial Services; Advanced Manufacturing; Healthcare; Insurance; Logistics; B2C; and Business Excellence.

"Given the pressing need to accelerate digitalisation across the region, we envisioned the DX Award to serve as an avenue for facilitating best practice exchange, networking, and mentorship in the new digital normal," said Andreas Enderlin, Chairman of the Digital Transformation Award and Managing Partner of Hugo Capital Partners.

A total of 45 submissions were received, and only 22 startups were showcased at the virtual pitching night. Bizzi was the only tech startup representative from Vietnam.

Founded in the midst of COVID-19, Bizzi is the first mover in invoice processing automation solutions powered by AI and robotic process automation (RPA) in the Vietnamese market. Bizzi's unified platform can be integrated with existing ERP/accounting solutions, and connects vendors and customers to automate financial processes like bills payments, receipt scanning, compliance, and bookkeeping, among others.

The early-stage startup already has more than 100 enterprise customers including South Korean convenience store chain GS25, Circle K, Guardian, Family Mart, Medicare, Tiki.vn, Deloitte, DKSH and more than 1,000 SMEs using the platform on a daily basis. Their monthly value of processed invoices exceeds US$300M.

"We are humbled that Bizzi, a young Vietnamese startup, is starting to gain regional recognition. Bizzi was founded to meet a huge pain point in the industry - manual accounting is not only time-consuming but prone to errors. Our robotic process automation technology and machine learning cuts invoice processing time by 80% and processing cost by 50%, while increasing transparency and tax compliance at the same time. Bizzi aspires to accelerate digital adoption and digital transformation in finance teams for tangible, measurable business benefits," says co-founder Vu Trong Nghia.

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DX Awards 2021 is sponsored by industry leaders including Acronis, DSV, Entsia, SIX group, Zuhlke, and is supported by Enterprise Singapore, The American Chamber of Commerce in Singapore, and The European Chamber of Commerce in Singapore, amongst others.

About Bizzi:

Founded in 2020 in Ho Chi Minh City, Vietnam, Bizzi is an AI-powered accounts payable automation SaaS to help streamline accounting operations with invoice processing automation and digitize business cash flow management to make better business decisions.

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As call volumes skyrocketed during the pandemic, contact centers turned to AI to help distribute the workload. But even before the pandemic, customer service departments were experimenting with automation solutions, including chatbots and transcribers, to streamline operations. A 2019 Deloitte survey found that 76% of contact centers were planning to invest in AI in the next two years. According to that same survey, 57% of companies were testing the use of AI in assisting customer service agents.

Anticipating the trend, Karan Kashyap founded Posh Technologies, a Boston, Massachusetts-based conversational AI and natural language processing technology development company, in 2018. Today, Posh announced that it raised $27.5 million in series A funding led by Canapi Ventures. Kashyap, who serves as CEO, says that the proceeds will be put toward supporting additional investment in product research and development and the expansion of Poshs platform.

Poshs growth accelerated during the pandemic amid the increasingly digital world which we continue to live in. Just as the pandemic started, we were already getting ready to hit the gas pedal. The pain points and needs of financial institutions changed from the pandemic to our benefit, including needing to better manage customer service on a 24/7 basis, managing increased call volumes from closed branches, and doubling down on self service solutions, Kashyap told VentureBeat via email. There was also high turnover for those customer service jobs the great resignation took a toll on call center jobs too. While Poshs aim is not to replace human agents, our technology helps our customers address higher volumes and augment their current service models.

Kashyap, who has a bachelors degree in computer science and a masters in AI, developed Poshs technology while studying at MIT. The platform provides chatbots that automate customer questions and workflows on the web, SMS, and messaging apps for tasks like checking hours and making payments. A separate IVR bot replaces traditional dialpad menus with natural, voice-driven conversations with customers.

On the backend, Posh automates contact center and help desk FAQs and workflows, leveraging machine learning and natural language processing to give chatbots memory persistence. Concretely, Poshs systems train on domain-specific data so that its chatbots understand some of the nuances of a given industrys and companys language.

Posh integrates with live chats as well as other API-friendly systems (e.g., digital banking databases and telephony) and escalates to human reps if need be. Customers get metrics showing how conversations went and where areas for improvement might exist.

Our AI can easily manage routine inquiries without requiring staff involvement. We see it as the first line of defense to get people out of queues while also enabling round-the-clock self service, Kashyap said. Credit unions and banks are often able to answer customers questions directly on their website through the Posh chatbot feature. In cases where the chatbot doesnt have the right answer, it can intelligently escalate the request to a call center or in-person representative, significantly improving both the amount of money spent on customer service as well as the customer experience.

Beyond incumbents like Google, Microsoft, Salesforce, and Amazon, Posh competes with a number of startups in the expanding call center automation space. Yellow.ai, a chatbot platform headquartered in Bangalore, India, recently raised $78 million in venture capital to expand its platform globally. Theres also Ada, a Toronto-based startup developing AI-imbued customer service chatbots.

Grand View Research anticipates that the global contact center software market will be worth $90.6 billion by 2028, if the current trend holds.

Kashyap argues that Poshs focus on the financial services industry gives it an advantage over rivals targeting a broader range of segments. To date, Posh has partnered with more than 50 financial institutions to deploy web-based and mobile-based digital agents, and the companys software handles tens of thousands of chats per day and reaches over 5.5 million people.

We serve approximately 50 community financial institutions banks and credit unions across the U.S. and their end users and members. Our digital assistants and voice banking assistants handle tens of thousands of requests a day on behalf of these financial institutions, Kashyap said. We are very focused on financial services and thus train our AI models to be very domain-focused. Not only are we focused on training models with the goal of automating routine banking inquiries and workflows, were also using AI to glean insights from conversations that pass through our system for example, uncovering operational root causes or detecting anomalies.

Going forward, Canapi Ventures partner Neil Underwood expects that 40-employee Posh will benefit from expanded access to credit unions, banks, and prospective talent through its other backers Curql Collective, CMFG Ventures, JAM Fintop, Human Capital, and Piedmont. In the coming months, Posh plans to ramp up hiring to keep pace with what it describes as surging demand.

Beyond answering questions, Posh has developed a competency in helping banks complete simple banking transactions. Especially for credit unions, who are highly focused on member experience, this can be a meaningful value add,Underwood told VentureBeat via email. Over time, we anticipate that the Posh platform will be used by credit unions and banks to drive entire banking interactions.

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CHICAGO, Dec. 10, 2021 /PRNewswire/ -- According to the new research report the "Industrial Automation Market in Europe and Middle East & Africa with COVID-19 Impact by Component (Industrial Sensors, Industrial 3D Printing, Industrial Robots), Solution (SCADA, DCS), Industry and Region - Forecast to 2026", published by MarketsandMarkets, the market is estimated to grow USD 36.4 billion in 2021 and reach USD 51.4 billion by 2026; it is expected to register a CAGR of 7.1% from 2021 to 2026. The growth of the market is attributed to the growing demand for real-time data analysis across geographies and increasing adoption of latest technology across the end-use industries to improve performance. The major driving factor for the industrial automation market is the increasing demand for real-time data analysis and proactive maintenance, which would enable manufacturers to obtain better visibility of the manufacturing plant and, therefore, enhance efficiency. Also, increase in emphasis on predictive maintenance and asset management solutions, which would provide better visibility to users regarding condition of equipment, is fueling their demand.

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"Industrial Sensors Segment Expected to Hold Largest Size of Industrial Automation Components Market in the Middle East & Africa During Forecast Period"

The industrial sensors segment is projected to account for the largest size of the industrial automation market from 2021 to 2026. The growth of the industrial sensors segment is driven by the growing adoption of Industry 4.0 and IIoT and the expansion of the wireless sensors market. Industrial sensors are extensively used in the manufacturing industry, majorly for improving connectivity among various operations. Manufacturers worldwide have begun integrating sensors for collecting real-time data from various data points. Moreover, sensors being an important part of predictive maintenance solutions, are projected to witness rapid growth in demand in the coming years as predictive maintenance is expected to offer lucrative opportunities through capturing of sensor data, facilitating communications, and delivering projections to the players operating in the industrial sensors market in the coming years. Therefore, the market share of industrial sensors in the industrial automation market in the Middle East & Africa in 2020 was valued at USD 1.2 billion, which is higher as compared to the market share of other components and is projected to reach USD 2.1 billion by 2026.

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"Market for Pam is Expected to Grow at Highest CAGR from 2021 to 2026 in the Middle East & Africa"

The PAM segment is projected to register the highest growth rate from 2021 to 2026. Plant asset management (PAM) is a software that utilizes the intelligence embedded in industrial assets to accurately measure and provide information about condition of the assets in a plant. PAM is increasingly being used by manufacturers as it improves decision-making and turn-around time by tracking manufacturing defects and thereby avoiding system failures through real-time data collection and quality management techniques. Additionally, PAM enables manufacturers to reduce downtime and resource wastages by identifying possible failures prior to production and also suggests corrective measures. Furthermore, PAM solutions are extensively being implemented in the food and beverages and automotive industries, owing to constant technical innovations and requirement of a complete data record of equipment installed. Also, the increasing demand for PAM technology can be attributed to the advantages of reduction of costs of manufacturing and enhancing operations of high-performance production assets offered by them. Therefore, it is projected that the PAM segment would witness the highest CAGR of 9.5% during the forecast period.

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"Saudi Arabia is Expected to Hold Largest Size of Industrial Automation Market in the Middle East & Africa During Forecast Period"

Saudi Arabia is projected to account for the largest size of the industrial automation market in the Middle East & Africa from 2021 to 2026. Saudi Arabia is witnessing significant growth in the manufacturing sector, owing to the increased implementation of several IoT-related software and services, which are constantly driving the country to become a globally recognized technology-driven industry. Along with the manufacturing sector, the food processing industry in the country is well established to deliver significant growth in the forthcoming years. Additionally, the automotive industry in Saudi, being one of the largest in the Middle East, has been relatively stable, with a number of companies registering positive results. Furthermore, the has been actively curating plans and undertaking measures to uplift domestic manufacturing in the country and reduce economic dependency on the oil and gas sector by adopting advanced technology. Owing to all these factors, the market share of Saudi Arabia, which was valued at USD 1.9 billion in 2020, is higher as compared to other countries in the industrial automation market in the Middle East and Africa and is projected to reach USD 2.7 billion by 2026.

ABB (Switzerland), Emerson Electric Co. (US), FANUC (Japan), General Electric (US), Honeywell International (US), Mitsubishi Electric (Japan), Rockwell Automation (US), Schneider Electric (France), Siemens (Germany), and Yokogawa Electric (Japan) are a few major players in Industrial Automation Market in Europe, Middle East & Africa.

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Industrial Control & Factory Automation Market by Solution (SCADA, PLC, DCS, MES, Industrial Safety, PAM), Component (Industrial Robots, Industrial 3D Printing, Process Analyzer, Machine Vision, HMI), Industry, Region - Global Forecast to 2026

System Integrator Market for Industrial Automation with COVID-19 Impact Analysis by Service Outlook, Technology (HMI, SCADA, MES, IIoT, PAM, DCS, PLC, Machine Vision, Industrial Robotics, Industrial PC), Industry, and Geography - Global Forecast to 2026

About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:Mr. Aashish MehraMarketsandMarkets INC.630 Dundee RoadSuite 430Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Research Insight: https://www.marketsandmarkets.com/ResearchInsight/industrial-automation-market.aspVisit Our Web Site: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/industrial-automation.asp

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Industrial Automation Market in Europe and MEA worth $51.4 billion by 2026 - Exclusive Report by MarketsandMarkets - Yahoo Finance

IRVINE, Calif.--(BUSINESS WIRE)--Kofax, a leading supplier of Intelligent Automation software for digital workflow transformation, today unveiled its top 10 predictions for 2022 as businesses navigate the new challenges accelerated and in some cases, caused by the global pandemic.

Automation is now seen through a new lens as the global economy struggles to recover from the pandemic and companies seek resilience and a return to stability and growth. Remote and hybrid work are here to stay, creating new obstacles when it comes to efficiency, collaboration and data security, says Adam Field, Senior Vice President of Technology Strategy and Experience at Kofax. While productivity has been high in this new working model, so too are stress levels and burnout as organizations have more job openings than people to fill them. As we turn our focus to 2022, its time to examine how agile companies are refining their operating models and workflows leading to recovery and growth in 2022 and beyond.

Kofaxs 10 Intelligent Automation predictions for 2022:

1. Automation eliminates jobs? Hardly! The myth of automation displacing human workers will finally evaporate. Employment opportunities are everywhere, and at the same time, automation is being deployed more than ever before. Technology isnt taking over. Instead, it's elevating the experience of human workers. Automation can effectively eliminate most mundane work, creating new opportunities for workers to perform higher-value and more satisfying work. However, the workforce needs the skills to match these opportunities, and employers will need to create pathways to make that happen.

2. AI will go mainstream for next-gen automation. Organizations will achieve next-gen automation with the power of embedded artificial intelligence and its advanced decision-making abilities. AI-powered process automation can make pragmatic decisions that used to require human intervention. With those responsibilities now being automated, human workers can move beyond performing transactional processes and further along the spectrum of high-value work.

3. Integrated supply chains will invest heavily in automation. Accelerated by pandemic uncertainty, companies like Walmart and Amazon are creating or acquiring soup-to-nuts distribution channels, especially as supply chains remain constrained. In order to make this effective, theyll need insight into all parts of the organization. Theyll also need the ability to escalate in real time and bring together a disparate workforcevery quickly, while changing their duties on the fly. Expect these large organizations to invest in technology that creates in-house operations for the foreseeable future.

4. Digital Dexterity will be used to reestablish business moats. Oftentimes, annual predictions proclaim a particular technology as the next big thing. Next year will be different, with no obvious standout. Many organizations will already be using a broad range of low-code driven automation technologies, packaged within a centralized platform and accessible to business users as well as professional developers. Expect organizations to apply this new digital dexterity throughout the enterprise, each creating their own next big thing.

5. Automation will drive organizational convergence. As automation technologies have converged, so too will business functions. An intelligent automation platform combines numerous technologies that create ripple effects throughout an organization. Different business functions can now be merged, and companies are rethinking who owns what. Theyre consolidating formerly siloed functions under one automation office to cut through bureaucracy and improve business agility.

6. Taming unstructured data will be the new competitive advantage. Organizations continue to be bombarded by unstructured data. Hidden within are incredibly valuable business insightsif they can be unlocked. Each company's data is unique, and the ability to harness that unstructured information will provide new and actionable insights. Intelligent document processing will help organizations tame their unstructured data and drive competitive advantage.

7. The Cloud opens new possibilities for diverse print and productivity needs. The distributed workforce has gone from necessity to establishing a business reality and advantage. Productivity is still a priority, but now organizations will need to emphasize frictionless digital touchpoints instead of brick-and-mortar experiences. This new paradigm will accelerate the need for digital productivity tools. Universal print will become even more prevalent, and more organizations will shift much of their printing needs away from individual devices and onto cloud-based servers.

8. Therell be comfort in controlling your datas destiny. The power is firmly back in the hands of the people when it comes to data protection, thanks in part to the maturity of regulations such as GDPR and CCPA. Consumers wield the flexibility to share only what they want and, most importantly, with visibility into the exact data theyre actually sharing. For instance, think about some of things Apple has done to allow customers to control their datas destiny. This provides comfort to consumers and compels them to share some instead of none, allowing organizations to provide personalized services while being compliant.

9. Blockchain will be used for vastly more applications. The current and most noteworthy use of blockchain technology is cryptocurrencies, including Bitcoin. In 2021 we saw the explosion of nonfungible tokens (NFTs) where people spent absurd dollar amounts in an attempt to corner the market on pixelated GIFs created by unknown artists. However, there are much more promising and far-reaching use cases thatll begin to make their way into the mainstream. For example, the secure sharing of medical information, intellectual property rights, and original content security.

10. Well see you at the mixed-reality water cooler. Mixed-reality technologies will continue to become more viable and affordable, providing greater collaboration in a hybrid work environment. We dipped our toes in the virtual reality waters when the pandemic hit, but such events were awkward and uncomfortable. Not so in 2022. Get ready to plunge into the mixed reality pool. Our avatars will be the ones working overtime, participating in true VR-style collaboration, while the latest in augmented and mixed reality technologies will assist us in training and learning even while were hundreds of miles apart.

About Kofax

Kofax enables organizations to Work Like Tomorrowtoday. Our Intelligent Automation software platform and solutions digitally transform content-intensive workflows. Customers realize faster time-to-value and increased competitiveness, growth and profitability by combining Kofaxs cognitive capture, RPA, process orchestration, analytics and mobile capabilities while increasing business resiliency and mitigating compliance risk. For more information, visit http://www.kofax.com. Read more on the Kofax Blog and follow us on LinkedIn and Twitter.

2021 Kofax, Inc. Kofax is a registered trademark of Kofax Limited.

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Intelligent Automation Will Drive Post-Pandemic Recovery - Business Wire

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Since the pandemic, the restaurant industry has been forced to up its game to ensure business continuity. Commercial kitchens are today adopting digital advancements faster than ever.

Be it a robotic arm that flips pizzas or serves or robots that take accurate measurements of ingredients, automation has resolved the biggest challenge faced by the food industry since time immemorial, which is the standardization of taste, temperature and quality.

Consistency is key in cooking and automation enables just that. Startups in the space are now making investments in technology to ensure they build a loyal customer base.

Processes That Are Automated In the Kitchen

Food and beverage (F&B) startups have shifted to kitchen automation in various aspects. Karan Tanna, founder CEO, Ghost Kitchens India, shares an example. We have an equipment which can be compared to induction, it is used for Chinese and Indian gravies. The screen on the equipment shows us the recipes of the particular product and the manpower on the station just needs to add the ingredients one after the other. The equipment will do the cooking on its own at prescribed temperature and time.

The startup has also shifted to automation for dosa, fryer, burgers as well as regeneration of frozen patties and parathas.

Bengaluru-based Mukunda Foods focuses on automating repetitive but complex cooking processes such as heat control, tossing, stirring, puffing, spreading, rolling, mixing, etc. Since we have perfected automation for these steps, we assemble them based on what cuisine needs to be automated, said Eshwar K. Vikas, co-founder and CEO Mukunda Foods.

The company uses an automatic griller i.e. E-Pan for cooking flatbreads evenly or grilling perfect patties and kebab which is a challenge for restaurants. Especially when many cloud kitchens rely on the back end, the oil must be used appropriately, the temperature needs to be changed from time to time so that it can be cooked well from both sides. The automated heat technology of our machine ensures that the food is neither over nor undercooked, Vikas added. Most importantly, the operator doesnt need to flip the food since its getting cooked from both sides simultaneously, hence you save 50 per cent of turnaround time.

So, precisely, the operator needs to select the recipe in the machine, place food in the pan and continue working with another task. Once a dish such as a parantha is cooked, the automatic food ejector will push it into the food tray, and it is ready to serve.

Many B2B startups such as peAR, an augmented reality-based in-restaurant ordering company, are helping restaurants set and automate many processes to reach and serve maximum restaurant partners. These technologies and processes are built in a way that they can be scaled across India. For instance, instead of reading a paper-based menu and ordering, peAR uses AR to make menus more visually appealing and changing the habit of viewing the menu and then ordering. We focus on increasing revenue of a restaurant by pulling more users to our restaurant partners, upselling new users, said Parth Vora, founder, peAR.

Restaurants can also convert their entire menu in 3D and AR by themselves. Users scan a QR code placed on all the tables of any peAR restaurant partner and can watch the entire menu of the restaurant in 3D and AR (augmented reality) live on their table even before ordering.

Cost And Time Reduction And Other Benefits

The biggest advantage of automation is standardization and hence better customer experience. With better customer experience companies can increase sales and hence the profit. While the equipment is cooking the food, the manpower is free to operate other machines or cook other things which means that lesser manpower is required just waiting for items to be cooked. For example: when we have to make noodles, we have to put sauce, noodles, vegetables in the heated induction and it will automatically cook in 3 minutes, said Tanna.

This helps restaurant staff to multitask. During these 3 minutes, the manpower is free to work on other things, which helps us to avoid more manpower in the kitchen. However, the biggest advantage for us to use automation is the standardization of food and drastic increase in customer satisfaction, he added.

The major cost heads in any F&B business are manpower, training, electricity and oil consumption, and wastage. These automatons are aimed at reducing and minimizing each of these header costs. For example, our automatic fryer helps reduce electricity and oil consumption by 25 per cent and manpower cost by more than 70 per cent, ensuring zero wastage. A brand can quickly achieve the ROI in one to two months. Similarly, finding skilled labor for Chinese Food is a challenge, and training them requires an investment of money and time. Our Automatic Wok, Wokie can be operated by anyone who can operate an android phone and accurately follows Chefs recipe. This reduces the training cost to a minimum, said Vikas.

He added that his teams focus is on helping brands achieve food taste consistency while being operationally efficient.

Other Tech Trends

Foodtech is on the rise. The industry is very dynamic and new trends are developing every year. Automation and Robotics in the kitchen are expected to grow deeper in the years to come. We are seeing bending machines being used for various staple products like Idli Sambhar. The intervention of technology will be high in the days to come however, the use of the same keeping in mind sustainable unit-level economics will be the key, said Tanna.

Vikas expects a giant leap in the digital ordering experience with a vital outlet level back end. So, we will witness a lot more innovation in this space. Fresh Food Vending Machines will be the next big thing in India. Seeing vending machines for tea/coffee/ soup on the railway stations and cafeterias is a common sight, but soon we will see them vending out fresh foods like noodles and Indian breakfast items like Poha Upma. Since everyone uses UPI like Paytm and Google pay, one can scan the QSR code, pay the amount and collect the Food. We will also see automation in dishing out fresh pizza bases. This is something that a lot of big Pizza brands are interested in, he said.

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Kitchen Automation Is Revolutionizing the Food Industry - Entrepreneur

The past few years have served as something of a perfect storm for automated systems growth in distribution centers. The rise of e-commerce and far more eaches picking kicked things off, and then the pandemic hitdemand for e-commerce exploded, while the nation began what continues to be one of the largest labor shortages in history. All the while, customer expectations for rapid, on-time delivery done right never slowed. Most distribution centers found themselves struggling to keep up.

Automation is one of the few paths for doing so, and conveyors, automated storage and retrieval systems (AS/RS) and robots have all become essential parts of doing business. In spite of all the progress automation can provide in DC product movement, however, none of it would be possible without totes and containers built to withstand the ride.

Automated containers are an area of growth in materials handling, especially with the growth of automated DCs and warehouses, says Bob Petersen, vice president of marketing at ORBIS Corp. The surge in e-commerce has pushed companies with DC operations to add in more automation to keep up with the high volume of orders with tight cycle times.

Only a few industries do not need this high-level automation and accompanying totes. Were in more than 70% of Fortune 500 company operations, says Ken Beckerman, president of Flexcon. Our customers include the medical, manufacturing and dot.com industriesreally any type of industry today.

Today, those totes are often customized to the DCs operations, the tote manufacturers partner closely with their clients to design just the right sizes, dimensions, materials and more.

Automated containers are an area of growth in materials handling.

Such was the case a couple of years ago when Rochester Drug Cooperative (RDC) reached out to Flexcon. When experiencing lost time and profits due to an unexpected change in tote sizes brought one of the companys DCs to a grinding halt, RDC looked for a solution. With plans to open a new DC in the near future, RDC asked Flexcon to design totes specific to the drug companys operations, ensuring the totes could work seamlessly in the DCs automated systems.

In this fashion, RDC could depend on the fact that its robotics systems could always handle the DCs totes. Additionally, with the mold in hand, RDC could ensure a surplus of totes was always available to handle extra volume or future expansion of operations.

Totes are often customized to the DCs operations.

Beckerman says that increasingly, automated totes are the most important piece in automated systems. Were seeing more demand for totes that can do their own thing, without human contact, he says. The specs for customized totes are getting tighter and tighter.

The objective, he says, is to have the tote adapt to the system. If you make the tote do the work, you get a greater ROI, he says. It takes into account the product its storing, rather than having the automated systems change. We try to serve as the chameleons in the room.

Tote maker Akro-Mils implemented this when it partnered with an industrial goods customer designing and building a 1-million-square-foot DC. Using an AS/RS to move thousands of items throughout the DC, the client needed a specially designed tote that would afford them consistency and utility.

With several hundred thousand individual storage tote locations and more than 1 million storage compartments, the task was more than what an off-the-shelf tote could handle. Akro-Mils engineering team designed several tote options for the customer to consider using 3D printing technology.

After testing prototypes, the partners selected a design and then moved onto selecting the type of raw materials needed. The final productknown as the multi-lode totefeatures cups and dividers that DC employees can attach and remove quickly, as needed. This affords the client the flexibility it needs, along with reliability to move products quickly and securely throughout the massive AS/RS. The collaboration was successful enough that Akro-Mils will produce more for future expansion.

In another example, Flexcon had a customer looking to lower the cost of meeting stringent fire suppression requirements. We were able to use materials that lowered their fire risks and met their fire rating specs, says Beckerman. They still needed suppression equipment, but this extra design element saved them millions of dollars.

Some aspects of customization are universally important, says Ed Granger, director of sales for Quantum Storage Solutions, including designing totes that are flat on the bottom and are proportionate in length, width and height. This ensures that theyre stable as they move through the systems around corners and in loops, he explains. The length must be at least equal to the height.

Dimensional consistency ensures reliable performance, says Petersen. This reduces system downtime associated with inconsistent packaging design, he says. Unlike fiber corrugated boxes, reusable plastic containers are precisely molded to interface seamlessly with all types of automation, from mini-load systems to conveyors, robotics and full automation.

Durability is another hallmark of totes designed with automation in mind, adds Granger. These can be rough handling environments, he explains. They sometimes come down chutes and have a rough landing, bins can crash into each other, and sometimes they fall. They must be tough enough to withstand all that.

Petersen concurs. These all-plastic totes are designed to replace single-use boxes that can easily get crushed, damaging valuable product, he says.

When the environments are particularly demanding on the totes, makers can work with the materials to come up with heavy-duty options. In these cases, we can enhance the strength of the bins by adding special components to the resin, says Granger. This is key to protecting products.

Collaboration between operations and suppliers ensures the right tote is selected and integrates well into the system.

Granger mentioned one particular customer who was experiencing a good deal of product damage. We visited their operations to observe what was happening, he explains. Their bins were taking a lot of punishment. We designed resin that made them stronger and less brittle so they could withstand the impact of their operations.

Flexcon is working with a new moldable resin that is five times more durable than standard resin, says Beckerman. For heavy weight or heavy use situations, the totes prevent cracking and damage, he says. These are ideal for those with a need for high capacity.

Additional features you can find in automated tote design, according to Petersen, include generous internal value, smooth walls that ensure accurate reads from sensor and vision systems, drain holes and reinforced container bottoms.

Granger says he sees a good deal of demand for lids, too. This keep products from moving around, he says. It also helps when bins reach their destination, so employees can stack them up. By having the ability to go up, companies can save a good deal of space on the DC floor.

With expensive, high-tech automation that requires such customized designs, all of the automated tote makers agree that testing before investing in new totes is critical. We always advise our customers to send us samples of their products to put the potential bins through a trial, says Granger. We want to make sure the bins can withstand their unique processes.

If the test bins dont hold up on the durability scale, for instance, Quantum can add to the resin and shore them up. This adds to the cost, so we want to make sure its necessary, he says.

While customers might be impatient to get new totes into their systems, taking this extra testing step can lead to a big cost savings. Were very liberal with our samples because when you get the design right, the ROI is high, Granger points out. We dont want to put the wrong totes into the field and then have to take it back and start over again.

Petersen agrees with the wisdom of testing. Its critical for integrators and packaging providers to collaborate early in the process, as the system is being designed and planned, he says. Every automated system is unique and has different container requirements. This collaboration ensures the right tote is selected and integrates well into the system. It can be costly and time-consuming to retrofit your packaging after implementation.

When testing is not part of the equation, the costs can rack up quickly due to myriad issues. These include damaged products, wasted DC space, increased distribution costs, robotics malfunctions, injured workers due to tote splintering, and more, according to Flexcon.

Theres a lot of responsibility riding on your totes, says Beckerman. The automated systems dont have much tolerance for the wrong containers, so its critical to design and implement the right container for the right job.

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Automation Totes: Chameleons in the warehouse - Modern Materials Handling

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The Worldwide Modular Laboratory Automation Industry is Expected to Reach $4.9 Billion by 2027 - ResearchAndMarkets.com - Galveston County Daily News