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Daily Archives: March 7, 2021
Global Industrial Automation and Instrumentation Market To Witness High Demand During Forecast Period Of 2021 To 2026 KSU | The Sentinel Newspaper -…
Posted: March 7, 2021 at 1:15 pm
A recent Market Research Report byMarket Research Store, on Industrial Automation and Instrumentation Market Overview By Trends, Size, Industry Top Manufacturers, Industry Growth Analysis & Forecast Till 2026 Flourishing data has been added to the collection to provide readers with detailed information about market developments, includes detailed market overview, seller scenario, market dimensions, as well as depth SWOT and PESTEL valuation, aside from other internationally approved market evaluation guidelines that play vital roles in growth of spreading information.
The report Industrial Automation and Instrumentation Market 2020-2026, outlines and describes the key factors influencing market growth. It proposes an in-depth study of market heights (revenue), key market segment, market share, specific geographical regions, key market players and trends in vital industries. The purpose of this report is to describe the upcoming market trends and earnings forecasts in the global Industrial Automation and Instrumentation market for the next five years.
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(A free sample of this report is immediately available upon request and is updated with the addition of new research).
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The Pre & Post Impact of COVID- 19 on Businesses.2021 Latest industry influencing trends and development scenarioTake advantage of powerful market opportunitiesImportant decisions in planning and market expansionIdentify essential Business Segments, Market proposition & Gap AnalysisHelping in allocating marketing investmentsMRS Research Methodology
Industrial Automation and Instrumentation Market By Top Manufacturers (2021-2026)
General Electric, Schlumberger Ltd., Schneider Electric SE, Rockwell Automation Inc., Honeywell International Inc., Emerson Electric Co., Eaton Corp. Plc, Siemens AG, ABB Ltd., Robert Bosch GmbH
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Major Product Types Covered Are:
Sensors, HMI, Software, Others
Major Applications of Industrial Automation and Instrumentation Covered Are:
Process Industry, Discrete Industry
On Some Of The Below Factors Market Player Analysis Is Based
COVID-19 Pre & Post Impact Analysis on Manufacturers profit, Revenue, and Sales.Company OverviewPrice, sales, revenue and Gross Margin AnalysisProduct portfolioRecent initiativesShare Analysis and Market Size
Lockdowns due to COVID-19 has affected economies and industries in various countries, also the businesses shutdowns and travel bans. Due to COVID-19 the decrease in the overall market growth is also affecting the Post growth of theIndustrial Automation and Instrumentation marketowing to the shutting down of factories, lots of obstacles in the supply chain, and a downturn in the world economy.
This report presents a complete overview, growth opportunities and market shares of Industrial Automation and Instrumentation market by product type, key manufacturers, application and key regions and countries. In addition, the report discusses key producers, market developments, opportunities, challenges, and factors affecting large producers and the risks facing by the whole Industrial Automation and Instrumentation market. It also analyze essential emerging trends and their effect on present and future developments.
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Points Covered In The Report
The points discussed in the report are the vital market players that are involved in the market such as raw material suppliers, equipment suppliers, traders, end users distributors, etc.
The detailed profile of the companies is mentioned. And the capacity, production, capacity, cost, revenue, gross margin, sales volume, price, consumption, growth rate, future strategies, import, export, supply, and the technological developments that they are making are also included in the report. 12 years of data history and forecast is analyzed in this report.
The growth factors of the market are discussed where the different users of the market are described in detail.
According to specific requirements data and information by market player, by region, by type, by application, etc., and custom research can be added.
The SWOT analysis of the market within the report. The final of the report contains conclusion part where the industrial experts opinions are included.
Industrial Automation and Instrumentation Market
The market research report also offers information about strategic growth market analysis, potential investment opportunities, and Potential risks that clients will follow to design business and business models and strategies. The essential data analysis in the Industrial Automation and Instrumentation market report is provided in an upright way. This means that the information is represent in the form of statistics, infographics and uncomplicated graphs to make it more easier and time-saving task for the client.
The scope of Industrial Automation and Instrumentation Market size reports range from broader market scenarios to comparative prices between key players, costs, and benefits of specific market segments. The numerical data is supported by statistical tools such as SWOT analysis, SCOT analysis, BCG matrix, and PESTLE analysis. The facts and figures are shown in graphical form in a clear picture.
Industrial Automation and Instrumentation The report provides detailed information about the market and the strategic developments of various vital sellers. To know about the competitive landscape of the Industrial Automation and Instrumentation market, an analysis of Porters five forces model is done.The study involves market attrition analysis with specific types, source types, and application segments based on market size, growth rate, and attrition.
Key strategic developments in theIndustrial Automation and Instrumentation marketcompetitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other significant activities by key players of the Industrial Automation and Instrumentation market are well described in the report.
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Table Of Contents
Executive SummaryResearch MethodologyAssumptions and Acronyms UsedMarket OverviewGlobal Market Analysis and Forecast, by ApplicationsGlobal Market Analysis and Forecast, by TypesGlobal Market Analysis and Forecast, by RegionsLatin America Market Analysis and ForecastNorth America Market Analysis and ForecastAsia Pacific Market Analysis and ForecastThe Middle East & Africa Market Analysis and ForecastEurope Market Analysis and ForecastCompetition Landscape
Research Coverage:
The Industrial Automation and Instrumentation market has been segmented based on offering, technology, end-use application, and end-user. It also provides a complete view of the market across four main regions: North America, Europe, APAC, and RoW.
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Market Research Store is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations. Market Research Store is the comprehensive collection of market intelligence products and services available on air. We have market research reports from number of leading publishers and update our collection daily to provide our clients with the instant online access to our database. With access to this database, our clients will be able to benefit from expert insights on global industries, products, and market trends.
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Automation Solutions Market in the Oil and Gas Industry to grow by USD 1.73 Billion during 2021-2025|Technavio – PRNewswire
Posted: at 1:15 pm
NEW YORK, March 4, 2021 /PRNewswire/ -- The global automation solutions market in the oil and gas industry is expected to grow by USD 1.73 billion during 2021-2025, as per Technavio. This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 3%.
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Read the 120-page report with TOC on "Automation Solutions Market in the Oil and Gas Industry Analysis Report by Product (SCADA, DCS, PLC, and MES) and Geography (North America, APAC, Europe, MEA, and South America), and the Segment Forecasts,2021-2025". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales and supply functions. https://www.technavio.com/report/report/oil-and-gas-automation-solutions-market-industry-analysis
The automation solutions market in the oil and gas industry is driven by growing regulatory compliance. In addition, the gradual recovery in upstream activities is anticipated to boost the growth of the automation solutions market in the oil and gas industry.
Regulatory compliance in the oil and gas industry has increased significantly owing to the rise in the number of accidents and growth in environmental awareness. Therefore, regulatory authorities and independent energy agencies have drafted strict safety standards. This requirement fuels the demand for systems such as SCADA, PLC, and DCS, as these solutions can be easily integrated with other communication and management systems, such as ERP and PLM. Thus, automation solutions allow regular monitoring of machines and equipment and help companies to adhere to safety and environmental regulations. The increasing rig accidents and stringency in safety standards in the oil and gas industry have influenced industrial operators to adopt automation solutions during upstream oil and gas activities.
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Major Five Automation Solutions in the Oil and Gas Industry Companies:
Eaton Corporation Plc
Eaton Corporation Plc operates business through Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace, Vehicle, and eMobility. The company offers programmable logic controllers such as Easy 500/700/800 Programmable Relays, easyE4 nano PLCs, Compact PLC XC-152, XC 300 Series Modular PLC, and XC 100/200 Series Modular PLCs for the oil and gas industry.
Emerson Electric Co.
Emerson Electric Co. operates business through Automation Solutions and Commercial and Residential Solutions. The company offers OpenEnterprise SCADA Systems and ControlWave Micro-Hybrid RTU/PLC for oil and gas applications. It also offers automation solutions for onshore activities, offshore activities, transportation and storage, gas processing and LNG, and oilfield services.
Honeywell International Inc.
Honeywell International Inc. operates business through Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The company offers Experion SCADA (a controller that provides an integrated solution to solve complex remote automation requirements, especially those found in the oil and gas industry), MasterLogic PLC (a modular, scalable rack-based industrial controller that delivers powerful performance in a control application). The company also offers Experion Process Knowledge System, a SCADA system that drives vital information to the pipeline operations team while automating data logging and processing.
OMRON Corp.
OMRON Corp. operates business through Industrial Automation, Electronic and Mechanical Components, Automotive Electronic Components, Social Systems, Solutions and Service, Healthcare, and Other. The company offers CS1 (the rack-based PLC with over 200 types of I/O units) and CX-Supervisor (dedicated to the design and operation of PC visualization and machine control).
Rockwell Automation Inc.
Rockwell Automation Inc. operates business through Architecture & Software and Control Products & Solutions. The company offers PlantPAx DCS, a technology based on open-communications standards. It serves as a common automation platform by connecting multiple control systems. The company also offers Manufacturing Execution Systems, which provide standardized workflows to operators to ensure the highest possible production quality and regulatory compliance.
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Automation Solutions Market in the Oil and Gas Industry Product Outlook (Revenue, USD Billion, 2020-2025)
Automation Solutions Market in the Oil and Gas Industry Geography Outlook (Revenue, USD Billion, 2020-2025)
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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Contacts
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [emailprotected]Website: http://www.technavio.com/Report Page:https://www.technavio.com/report/oil-and-gas-automation-solutions-market-industry-analysis
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Vector Flow enters the market with AI-driven security automation platform – Security Systems News
Posted: at 1:15 pm
SARATOGA, Calif.In its formal debut to the physical and cyber-physical security market, Vector Flow launched its AI-powered, data-centric Physical Security Automation Platform, and also announced its Series A funding of $9.2M from Silicon Valleys premium venture firms, led by Mayfield Fund with participation from Foundation Capital.
Vector Flows security platform derives intelligence from physical security data by creating domain specific AI and data-centric models to automate major security functions related to Physical Identity and Access Operations, SOC Automation and Cyber-Physical Security defense.
As a people first investor, I was impressed by the innovation and rigor that repeat entrepreneurs Ajay Jain and Vik Ghai brought to solving the physical cyber security problem for enterprises, said Navin Chaddha, Mayfield Managing Director and Vector Flow board member. By delivering the industrys first AI-powered physical security automation platform, Vector Flow is solving a big and critical problem, that is protecting CEOs from personal liability for cyber-physical security incidents, something that Gartner has predicted could affect 75% of CEOs by 2024. I look forward to watching Vector Flow grow into a leader who delivers ROI and peace of mind to enterprises.
During the press conference to unveil the new company, Vector Flow President & CEO Ajay Jain told Security Systems News that the platform is built on a foundation of advanced AI algorithms capable of processing and analyzing vast amounts of data from otherwise disparate security systems, data stores and input devices.
The platform, which comes with application designer studio and a workbench which can be used by the customer and the systems integrator partner, extends any application running on the Vector Flow platform or to create a completely new application utilizing the platforms machine learning (ML) framework and designer tools without writing any code. This functionality extends the usefulness of any application as business processes change.
Vector Flow fills a tremendous void in the physical and cyber-physical security space with the industrys first powerful and innovative AI-enabled platform that aggregates both structured and unstructured data from myriad systems, devices, logs, and journals, Jain explained. The platform performs real-time analysis to detect anomalies, trends and KPIs, and provides actionable insights, automated remedies and processes.
He continued, Physical security industry is plagued with legacy disjointed applications, independent hardware, data stores and custom scripts that work in silo creating inefficiencies and security gaps. A benchmark in data-driven security intelligence, the Vector Flow platform enables new levels of automation driving operational efficiencies and significantly reducing corporate risks and costs. In the post pandemic era, the current human-laden physical security world will quickly adopt digital transformation, touchless, and autonomous operations to rely on data to streamline operational processes and fill security gaps.
Vector went over the three categories of solutions that run on the new Vector Flow platform:
Physical Workforce Identity Access Management (PIAM) which streamlines identity on/off boarding processes, physical access provisioning, access audits, compliance to regulations and risks analysis. Applications include:
Physical Security Operation Center (SOC) Automation, which employs deep AI-based automation for SOC operations and autonomous alarm reduction and reporting, along with multiple functions to optimize overall operations, includes:
Cyber-Physical Security which performs an audit of physical security as it relates to cyber defense. For example, it enforces defense in depth concepts using advanced AI models to detect vulnerabilities related to critical infrastructure, like the data centers or laboratory doors. It also manages the vulnerabilities of the IoT devices in the physical security and building automation world to prevent cyber surface attacks. Vector Flows transformative technology not only will help in automating critical functions of physical security but also provide defense against cyber-physical attacks with an extra layer of security. This category of applications will be available in 2022. Applications include:
The Vector Flow Platform is comprised of an application design studio and a workbench to build applications utilizing Vector Flows integrated data lake and ML framework. It comes with visual rules configurator, playbook designer and forms designer to help customers easily extend business applications or write new applications as their business processes change. The runtime edition of the platform is available now. The developer edition of the platform will be available in 2022.
Vector Flow is already onboarding several significant customers. This includes a global telecommunications provider with over 450,000 identities which replaced the legacy PIAM application with Vector Flows AI-enabled Physical Identity Lifecycle application. The unique Vector Flow solution promises to save millions of dollars in direct costs over the course of the contract while increasing overall security operations productivity, compliance to regulations and delivering valuable service to the enterprise.
In another example, a top Research and Pharmaceutical company, focused on anti-viral drugs and treatments, deployed Vector Flows AI-enabled Alarm Reduction Application to reduce their false/ nuisance alarm counts and to streamline the SOC functions by establishing and measuring the KPIs across all SOCs. In another example, a prominent networking products company reduced their false/ nuisance alarm counts by over 80% in few months without any human touch or masking of any alarms. Return on Investment was achieved within months. The SOC alarm fatigue was also removed for this customer and SOC operations was streamlined with increased productivity and visibility across the globe.
For more information, visit the new Vector Flow website: https://vectorflow.com/
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Industrial Automation Software Market to Grow by USD 5.44 billion during 2020-2024 | Need to Reduce Overall Operational Expenses to Emerge as Key…
Posted: at 1:15 pm
Industrial Automation Software Market: Need to reduce overall operating expenses to drive growth
Automation software helps end-user industries to control the overall manufacturing operations and deliver superior quality products with high precision. The effective deployment of automation software minimizes process failures and reduces product failure costs and waste. These solutions help enterprises to cut labor costs, thereby reducing product manufacturing and maintenance expenses. The adoption of automation software and solution has not only reduced the number of workers required per plant but also provided industrial operators with flexibility in product pricing. These factors will drive the industrial automation software market over the forecast period.
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As per Technavio, the emergence of automation software solutions on the cloud will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Industrial Automation Software Market: Emergence of automation software solutions on the cloud
Cloud-based automation software eliminates the expenses related to hardware and IT infrastructure of automation solutions such as MES and SCADA. The shift of functions such as analyzing and maintaining data from the operators to cloud service providers enables the users to view data on tablets and smartphones. These devices are also used as portable HMIs to monitor remote machines and enable field technicians to access and control the process. The adoption of cloud-based SCADA and MES solutions would reduce end-users' costs up to 25% compared to on-premise during the forecast period. Thus, the emergence of automation software solutions on the cloud is driving the market for industrial automation software.
"The emergence of automation software solutions and the increasing investments by private entities in renewable power generation plants will further boost market growth during the forecast period", says a senior analyst at Technavio.
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Industrial Automation Software Market: Major Vendors
Industrial Automation Software Market: Segmentation Analysis
This market research report segments the industrial automation software market by product (SCADA software, MES, DCS software, HMI software, and PLC software), end-user (Process industry and Discrete industry), and Geography (APAC, North America, Europe, MEA, and South America).
The APAC region led the industrial automation software market in 2020, followed by North America, Europe, MEA, and South America respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as the increasing plant complexities.
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About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [emailprotected]Website: http://www.technavio.com/
SOURCE Technavio
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Bringing automation to nut harvesting – FreshPlaza.com
Posted: at 1:15 pm
The macadamia market is constantly growing: indeed, the nutritional virtues it provides makes the macadamia nut a fruit very much in demand.
"The success is such that today the macadamia nut is the most expensive nut in the world with a price varying around 60$/kg (R900). This infatuation has naturally pushed producers to convert and move towards this new crop," explains Simon Dufossez from Leger SAS.
This is what South African arboriculturists have been doing for more than 20 years, a trend that has increased relatively over the last 5 years with strong demand from the Asian and European markets.
"South Africa is now the world's leading producer, neck and neck with Australia. But to keep up with this strong growth, it is important for producers to equip themselves with tools that are properly adapted to this crop, which provides increased performance that goes beyond manual labour. Particularly since the association representing macadamia producers has set itself the challenge of producing nearly 300 tonnes of macadamia per year by 2030."
LEGER SAS, allows producers to do more, faster, and with fewer with their macadamia harvester. The agricultural machinery company, based in the South-West of France in the middle of plum and hazelnut orchards, specialises in arboriculture (nut and stone fruit) and viticulture. If the harvester has already proven itself on the hazelnut market in France, Spain, Italy and Albania, it is also adapted to the expectations of the macadamia market.
"The agricultural sector, both in South Africa and France, is facing many challenges, both financially and in terms of sustainability. There has been an increase in the wages of agricultural workers (+4.5% in March) which is not in line with the weak evolution of producers' incomes. Our objective with the Nut Harvester was to develop a tool and a system that can help reduce these stress factors and participate in the global reach of the nuts by providing useful operational solutions capable of supporting the workers. With harvesting still too often carried out by hand, the Nut Harvester is the future of harvesting and will have an immediate impact on the lives of nut growers. "
The Nut Harvester is a towed machine suitable for picking nuts on the ground: hazelnut, macadamia, pecan, etc. It uses a subtle harvesting system with a Pick-Up roller made up of combs and rubber bands, and a variable speed bar belt for collection. Thus, with a constant speed of 4 km/h, it can harvest between 3 and 4 hectares per hour. Moreover, with a directional rear axle, the adjustment of the belt speed and the side wheels, it can to adapt to all types of orchards and soils.
For more information:
Simon DufossezLEGER SASWhatsapp : +33 7 81 55 72 15Email : contact@legersas.comsdufossez@legersas.comwww.legersas.com/en
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Is Now The Time To Look At Buying Brooks Automation, Inc. (NASDAQ:BRKS)? – Simply Wall St
Posted: at 1:14 pm
While Brooks Automation, Inc. (NASDAQ:BRKS) might not be the most widely known stock at the moment, it saw a double-digit share price rise of over 10% in the past couple of months on the NASDAQGS. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the companys outlook is already priced into the stock. However, what if the stock is still a bargain? Lets take a look at Brooks Automations outlook and value based on the most recent financial data to see if the opportunity still exists.
See our latest analysis for Brooks Automation
Brooks Automation is currently expensive based on my price multiple model, where I look at the company's price-to-earnings ratio in comparison to the industry average. Ive used the price-to-earnings ratio in this instance because theres not enough visibility to forecast its cash flows. The stocks ratio of 72.82x is currently well-above the industry average of 36.78x, meaning that it is trading at a more expensive price relative to its peers. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Since Brooks Automations share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.
Future outlook is an important aspect when youre looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so lets also take a look at the company's future expectations. With profit expected to grow by 84% over the next couple of years, the future seems bright for Brooks Automation. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
Are you a shareholder? BRKSs optimistic future growth appears to have been factored into the current share price, with shares trading above industry price multiples. At this current price, shareholders may be asking a different question should I sell? If you believe BRKS should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.
Are you a potential investor? If youve been keeping tabs on BRKS for some time, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the optimistic prospect is encouraging for BRKS, which means its worth diving deeper into other factors in order to take advantage of the next price drop.
It can be quite valuable to consider what analysts expect for Brooks Automation from their most recent forecasts. At Simply Wall St, we have the analysts estimates which you can view by clicking here.
If you are no longer interested in Brooks Automation, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. *Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020
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Is Now The Time To Look At Buying Brooks Automation, Inc. (NASDAQ:BRKS)? - Simply Wall St
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Cutting through the fear of how AI will affect jobs through automation – TechTarget
Posted: at 1:14 pm
The workforce is no stranger to sweeping changes, from the industrial revolution to overseas outsourcing. AI and automation is another iteration of a workforce revolution.
The culture of fear that surrounds AI spans decades -- from science fiction novels to pop culture. To the general public, AI represents a threat, and this is largely to do with media coverage and the lack of transparency around the technology. Famous STEM voices like Stephen Hawking and Elon Musk have publicly worried about AI affecting humans, while AI software developers are stating that their software will change the foundation of work.
Steven Shwartz, AI researcher and author of Evil Robots, Killer Computers, and Other Myths has boldly declared in his new book that the culture of fear around AI should be destroyed -- as anxiety over what AI can do doesn't accurately reflect the current iterations of the technology.
"People are worried about AI taking over all our jobs, and that's just not going to happen," Shwartz said.
When the general public sees the hype around AI and what it can do, there is an idea that computers are just as intelligent as humans because they can read, create, automate and speak. However, AI systems are just computational algorithms coded by developers -- they don't have the autonomy to become generally intelligent like humans.
In order to replace humans, AI systems would need to be able to learn without coding, and stack knowledge in order to apply it to many situations. The root of Shwartz's book is that AI doesn't have the capacity for human intelligence -- because developers don't have the ability to train them that way.
"The reality is that nobody has any idea how to build such intelligent machines -- they have no more idea how to build those machines than we did 40 years ago," Shwartz said. "Forty years ago, we thought this kind of intelligent machine was imminent, and then we found out how hard it was to develop."
Developers are still attempting to tackle the issue of common sense in AI and artificial general intelligence. Currently, an AI system can understand an end goal and the steps to complete it but can't explain why it makes individual decisions. This means that the system can't explain why it acts a certain way, or the steps that led it there. If an AI system is wrong, there is little way to pinpoint the step in the process that led to an overall error.
"Whatever tasks you give AI, it's going to make mistakes that are different than the mistakes that a human makes. So it may do some things better overall, but the mistakes will be different," Shwartz said.
The culture of fear around AI is developed from a misunderstanding of what the technology can accomplish.
In fact, what could be the biggest threat to automating jobs -- robotic process automation -- is not considered AI at all. Automating call centers and replacing remedial business processes is not AI, but computer automation.
"Most jobs are actually quite safe from AI, you're less safe from other kinds of computer automation," Shwartz said.
Demystifying AI starts with both education and realistic representations of what the technology does in the workplace. Most applications of AI focus on automating certain parts of a job to aid humans in other facets of their work. AI is excellent at classifications like computer vision image recognition, or call routing, which are normally a small part of a larger position.
"When you think about people's jobs, [image recognition and classification] might be one part of a person's job, but not the whole job," Shwartz said. "Any job is broken up into a bunch of tasks, and AI is going to enable computers to do classification tasks of a job."
What AI can't do, however, is retain the intelligence of humans and apply it across multiple actions. This incremental learning has never been developed in machines -- and there isn't a clear pathway to it.
"AI can do tremendous things, but each AI program can only do one thing," Shwartz said. "If you train a machine learning program to recognize faces, that program can't tell the difference between a dog and a cat. It certainly can't translate language and it certainly can't read a book."
For the time being, AI and automation can only assist human workers, and the fears around machines eliminating jobs and forcing humans into abject submission are about as likely as interdimensional time travel.
Explore an excerpt from Evil Robots, Killer Computers, and Other Myths, on the future of employment.
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What is automated product photography and how can it change your business? – UKTN
Posted: at 1:14 pm
Product photography has grown to one of the most important aspects of any ecommerce undertaking. To successfully present products in digital channels you need to ensure quality photos that are memorable, informative, and attractive. To a high degree it is them that will drive your sales. Product photography will play an important role in your business whether you make use of traditional studios or outsource to external photo studios. Is this traditional way to do it the definite solution or maybe just one of the ways? We aim to show you that automation has influenced this area severely and invites a new look at visual content production.
Throughout this article we will underline the challenges that ecommerce product photography brings. Then we will focus on what automation in product photography is and how it answers the needs of an ecommerce business.
They will revolve around time, volumes, costs, and consistency. These factors put together constitute a difficult mixture of counterbalancing solutions that until recently seemed impossible to resolve universally.
Quality images for yesterday would be the dream of any ecommerce entrepreneur, however one that might stretch the budget significantly. The usual way to try to put this dream to reality was an in-house traditional photo studio. Just as frequently, companies hired external studios by way of outsourcing. None of these methods answered the challenges to a truly satisfying level.
It is the advent of automation technology that introduced new possibilities to the game of product photography. Lets analyze the challenges and new automated solutions step by step.
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E-commerce product photography is unlike any other type of photography. It needs to produce quality visual content at a cost-restrained budget in the shortest time possible. Hence, a lot of contrary challenges.
With these challenges certainly not exhausting the whole list, a question arises whether there are ways to eliminate or minimize some of them. What would be the holy grail solution to find a compromise between cost-efficiency, high-quality, and time-to-market?
Research and practice have shown that a new approach, photography automation, provides the answer. And it has been widely implemented in e-commerce in recent years.
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To automate product photography a holistic approach has been taken, which integrates equipment, software and the e-shop. From the capture of images to the publication in the online store all is done within one orchestrated process.
The hardware core of an automation solution is a photo studio cabin with lighting, a turntable and up to several digital cameras.
The cabin is available in various sizes starting from a small one good for jewellery photography and going as far as one for live models, furniture, and bicycles.
A dedicated software is a part of the solution, as it allows to control the equipment, camera included. This means full adjustability of lighting, camera settings, and a system to post-process the photos. As a handy bonus, software often takes care of the publication of the session results straight to an online platform.
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Thanks to tight integration between hardware and software, photo automation makes it possible to reliably remove background from images. It is done on-the-fly, without human intervention.
The whole work is performed within a single system by a trained operator, with very basic photographic skills required. The process seamlessly integrates typically separate steps of content production:
The automated cutting-out of the product from the background comes as a key improvement to the traditional studio method and is highly effective. Everything happens within milliseconds thanks to a dedicated two-shots method and state-of-the-art algorithms.
This is where a lot of time is saved in post-production. Also, the capture process is much easier: the operator does not have to struggle with lighting the background and the object at the same time, which is a typically difficult task even for an experienced photographer. Instead, they can focus on the product itself, while the background can be replaced with pure white (RGB 255, 255, 255) in the publishing step. Still, the process does not fail to ensure the high quality of the product image.
Automated studios allow one-click publishing to most common e-commerce platforms through a system of integrations. The list includes WooCommerce, Shopify, Magento and Prestashop.
Traditional product photography brings advantages such as high flexibility, when it comes to studio setup, or, in the end, the highest quality of pictures, as they are all hand-created by a professional. This generates much higher costs and cannot guarantee the level of throughput required when there are thousands of products to photograph. Some businesses will relish the benefits, as the downsides will not yet be relevant for them especially small e-shops, where numbers do not play a critical role.
For all kinds of businesses, however, automation will bring a better, new approach to the old known challenges. Lets see how it deals with them.
Automation will come in handy, when web-ready images are needed in minutes rather than in days. The photos are post-processed already at the same workstation where the capture happened. There is no need for external post-production, which involves migration of files and third parties. The process consumes less time and the focus can be shifted to sales, as products do not occupy warehouses for so long. This translates directly to savings and shorter time-to-market more is sold with the same resources.
With automated solutions all is centered around the repeatability of shots. Lighting setup, shooting angles, camera and cabin settings can be saved as templates in the software. This minimizes the capability for human errors and creates consistency. Whats more, the know-how stays within the company in a digital form rather than in a photographers experience.
Until the arrival of automation technologies, rich content has been costly to achieve and years were spent referring to it as a goal rather than a reality. With automated studios, it is now practical to produce it. A 360 degree product spin is created in a time not much longer than several packshots. Within a few minutes from placing the product on the turntable, thanks to automated publishing, it can land straight in the e-shop. Dynamic videos and 3D content can be captured in minutes, which influences time-to-market again. Rich content will also bring customer satisfaction, higher conversion-rates and fewer returns.
From the moment automation technologies are set up properly, a business can reach image production volumes unavailable to traditional photography. Much less resources are in use: lower time consumption follows lower space requirements and less skills on the side of equipment operators. A clear long-term competitive advantage results.
Growth is a part of any successful business plan and e-commerce is no different here. More products will be sold over time, needing more product photography and this at the same level of quality and costs. Automated solutions are available for replication on a copy and paste basis. Another studio is bought, the setup is copied, a new operator trained and growth in scale can be enjoyed. Any new workstation can be introduced to various company locations and produce consistently at the same quality. Warehouses in New York and Shanghai? No problem for automated product photography.
In the wide market of e-commerce, there will be cases where photo automation will not turn out to be the optimal solution. Smaller businesses, very specific products, artistic requirements of the sector might all turn the scales to traditional photography. Automation will be of questionable benefit in the following circumstances:
The future of product photography and ecommerce businesses is closely tied to visual presentation. For us, it lies with automation technologies. A to Z automation solutions are getting cleverer, faster and more easy to implement.
Any growing e-shop will find itself on the way to consider the benefits of automation. With this technology, time can be saved, results get surprisingly consistent and the operation can be taken out of the hands of experienced professionals. Less third-party dependency and good process scalability can easily be a game-changer, when considering improvements to the old product photography process.
And this technology is for real, relying not upon a miracle but on hand-craft and engineering. Whats more it is not out of reach. A good example of an all-encompassing solution would be the Orbitvu Alphashot studio series. If you are curious about how this works in practice, check out this video.
It is the right way to change your business indeed.
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What is automated product photography and how can it change your business? - UKTN
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World IoT Data Management and Analytics Markets, 2021-2026: Business Automation Functionality, Revenue and Profitability will Improve via IoT Data…
Posted: at 1:14 pm
DUBLIN--(BUSINESS WIRE)--The "IoT Data Management and Analytics Market by Technology, Infrastructure, Deployment Model (Cloud vs. Premise), Solutions, Applications and Services in Industry Verticals 2021 - 2026" report has been added to ResearchAndMarkets.com's offering.
This report evaluates the market for IoT data management and analytics. The report analyzes key challenges and opportunities such as managing IoT data based on ownership, care of custody, and usage rights.
The report assesses the opportunity for IoT data as a service and IoT-driven decisions as a service. It includes forecasts by technology, infrastructure, applications and services for both static and real-time data from 2021 through 2026.
The report evaluates substantial market opportunities involving IoT data collection, storage, analytics and visualization. It identifies how real-time, streaming data IoT business data becomes highly valuable when it can be put into context and processes as it will facilitate completely new product and service offerings.
This facilitates new opportunities for supporting software, storage and analytics solutions. The report includes analysis of technologies, tools and platforms for collecting, storing and processing IoT data.
Industrial IoT (IIoT) and enterprise IoT deployments in particular will generate a substantial amount of data, most of which will be of the unstructured variety, requiring next-generation data analytics tools and techniques. For example, manufacturing processes produce vast amounts of machine-generated data, most of which is unstructured and from disparate sources and formats.
Accordingly, there is a need for uniform data management processes and the use of big data analytics tools and techniques. While much of this data will be very useful for longer-term analytics, significant value will be realized from real-time processing such as centralized versus distributed manufacturing decisions.
It is important to recognize that intelligence within IoT networks is not inherent but rather must be carefully planned. IoT market elements will be found embedded within software programs, chipsets, and platforms as well as human-facing devices, which may rely upon a combination of local and cloud-based intelligence.
Just like the human nervous system, IoT networks will have both autonomic and cognitive functional components that provide intelligent control as well as nervous system-like end-points that provide signaling (detection and triggering of communications) and connectivity. Each of these system components are sources of potentially useful data, which must be analyzed to determine if useful information may be realized.
Select Report Findings:
Key Topics Covered:
1 Executive Summary
2 IoT Data Management and Analytics Market Overview
2.1 IoT Data Management and Analytics Market Ecosystem
2.2 Overall IoT Data Management and Analytics Market Opportunity
2.3 Regional IoT Data Management and Analytics Market Outlook
3 Introduction to IoT Data Management and Analytics
3.1 IoT Data in the Emerging Data Economy
3.2 Unique IoT Data Management Requirements
3.3 IoT Data Management Operations
3.4 Monetizing IoT Data and Analytics
3.5 IoT Data Operational Requirements
3.6 Market Outlook for IoT Data Analytics
4 IoT Data Management and Analytics Market Dynamics
4.1 IoT Data Management Drivers
4.2 IoT Data Management Challenges
5 IoT Data Platform Providers
5.1 Amdocs
5.2 AppDirect, Inc.
5.3 City Data Exchange
5.4 Horadata
5.5 Interdigital
5.6 Optiva (formerly RedKnee)
5.7 Terbine
5.8 Tilepay
6 Technologies Enabling IoT Data
6.1 Present Technologies are Not Suitable for IoT Data
6.2 Technologies Specially Developed for IoT Data
7 Global IoT Data Market Analysis and Forecasts 2021 - 2026
7.1 Overall IoT Data Market Considerations and Outlook
7.2 Market Outlook and Forecasts for IoT Data 2021 - 2026
7.3 IoT Data Infrastructure ROI Assessment
7.3.1 Factors Determining ROI for IoT
8 Vendor Analysis
8.1 Key Vendor Trends in IoT Data
8.2 Large Companies to Lead through M&A and Partnerships
8.2.1 Early Beneficiaries: Established Companies in Analytics and Cloud Services
8.2.2 Flexible and Scalable Revenue Model will be Most Successful
8.3 Select Company Analysis
8.3.1 Recent Development of Major Players
8.3.2 Accenture
8.3.3 AGT International
8.3.4 Bosch Software Innovations
8.3.5 Capgemini
8.3.6 Cisco Systems, Inc.
8.3.7 GE Digital
8.3.8 Google
8.3.9 Intel Corporation
8.3.10 Lynx Software Technologies, Inc.
8.3.11 Maana, Inc.
8.3.12 Microsoft Corporation
8.3.13 MongoDB Inc.
8.3.14 ParStream (now fully part of Cisco)
8.3.15 PTC
8.3.16 RIOT
8.3.17 SAP SE
8.3.18 SQLstream, Inc. (Guavus)
8.3.19 Tellient
8.3.20 Teradata Corporation
8.3.21 Wind River
9 IoT Data Management and Analytics Market Benefits, Capabilities, and Case Studies
9.1 IoT Data Analytics Solutions Benefits
9.2 Key Capabilities for Data Management in IoT
9.3 IoT Data Analytics Case Studies
9.3.1 AWS IoT Case Study
9.3.2 Predictive Analytics for Supply Chain Management
9.3.3 American Instrumentation implements Azure-based IoT Solution
9.3.4 IoT-Commercial Real Estate Management
10 Conclusions and Recommendations
11 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/fem9s
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Celltrio and Biosero Automated Solutions Accelerate Cell Culture and Harvesting Process 2-3 Fold – BioSpace
Posted: at 1:14 pm
Combining the Green Button Go scheduling software platform with our robotic cell line development platform provides our customers with an industry-leading solution for workflow management, scheduling, and data aggregation. We see high value in aggregating process data with robotic automation data to build intelligence into existing systems and for future innovations, said Charlie Duncheon, CEO and Co-founder of Celltrio. Green Button Go software enhances our modular approach to building solutions quickly and reliably.
Bioseros collaboration with Celltrio is the first step in bringing validated and innovative software solutions to the cell line development environment, said Tom Gilman, CEO, Biosero. When scientists have access to flexible and easy-to-use laboratory automation software, combined with an innovative robotics control platform, they can streamline cell culturing and harvesting processes to accelerate drug discovery workflows.
A webinar discussing the automation advantage using RoboCell and Green Button Go software will be hosted on March 25, 2021 at 10:30 a.m. PST. Please reach out to BD@Celltrio.com for registration details.
About Biosero, Inc.
Biosero, Inc. develops automation software people use to make better decisions, in less time, using more data. The companys software enables complex, data-driven decisions to be made instantaneously, keeping workflows and operations in life science, pharmaceutical and industrial manufacturing moving. Bioseros device-agnostic Green Button Go Automation Scheduling Software integrates hardware solutions from different OEMs to create cohesive technology ecosystems that accelerate operations and increase productivity. For more information, please visit http://www.Biosero.com.
About Celltrio, Inc.
Celltrio, Inc. develops and delivers high-value automation solutions for biobanking and cell line development processes. Growth in the cell culture and harvesting automation market is primarily driven by the need to reduce the time and cost of bringing new drugs to market. Automation does exactly that, enabling scientific experiments to be executed much faster, reducing costs, and letting scientists focus on science rather than spending time in manual manipulation of experimental materials. For more information, visit http://www.Celltrio.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210303005288/en/
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