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Daily Archives: April 25, 2021
Playout Automation Market Sales Revenue to Significantly Increase in the Next Few Years The Courier – The Courier
Posted: April 25, 2021 at 2:04 pm
Playout Automation: Introduction
Playout automation is the technology that helps automate the transmission of television and radio channels into the broadcast network from a broadcasting source. The content is delivered to the audience through playout automation. The playout automation network consists of analogue or digital terrestrial transmitters for digital television, radios, cable satellites or cable networks. The playout automation technology is intended for Direct-To-Home (DTH) services, other direct reception systems and cable television head-ends. The playout automation system is embedded in the master control located in the playout area in the central broadcasting apparatus room. Feeds broadcasted via playout automation often have different versions of language, scheduled content and the overall core service. Applications, such as central-casting, often use multi-channel playout automation technology-based systems that enable the broadcast of programming applications.
Playout Automation: Market Drivers
Increasing number of television channels, content fragmentation and language variation results in the demand for high-quality accuracy content, which, in turn, accelerates the growth of the global playout automation market. Playout automation enables video operators to find innovative ways to launch and manage new channels by utilising fewer resources. Playout automation reduces the overall capital expenditure as it uses the existing information technology infrastructure. To use the playout automation technology, broadcasters do not have to incur extra costs. Instead, broadcasters can integrate the master controls and the playout automation technology into a single information technology platform. This is the primary factor that drives the global playout automation market. Another factor driving the global playout automation market is the digitalisation of cable television services. Increase in the number of multi-channel video programming services and solutions providers is also expected to boost the global playout automation market. Moreover, the rising demand for multi-lingual playout is expected to drive the global playout automation market. Growth in the penetration of cable and satellite television services in rural as well as urban areas provides a wide audience base for broadcasters. Playout automation enables broadcasters to facilitate linguistic diversity. Diverse viewing preference increases the demand for channel diversification, which consequentially results in the growth of the global playout automation market.
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Playout Automation: Market Segmentation
On the basis of channel application, the global playout automation market can be segmented into the following:
On the basis of end user, the global playout automation market can be segmented into the following:
The multi-lingual playout feature offered by the playout automation technology is encourages international broadcasters to adopt playout automation-enabling solutions and services.
On the basis of component, the global playout automation market can be segmented into the following:
Playout Automation: Regional Market Outlook
Among all the regions, North America holds the largest market share of the global playout automation market and is expected to maintain a steady growth rate over the forecast period. The playout automation market in Japan is expected to register the highest growth rate. The growth of the playout automation market in Japan can be attributed to the ever-rising trend of research and development in playout automation and other television broadcasting fields. The high presence of playout automation services and solution providers in Japan is also expected to boost the global playout automation market. Western Europe is expected to register a steady growth rate in the playout automation market. The playout automation market in the Southeast Asia and others of Asia Pacific region is also expected to generate a steady growth rate during the forecast period. The ever-rising growth in the animation and entertainment industries provides a platform that facilitates the growth of the global playout automation market in SEA and others of APAC.
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Playout Automation: Key Market Players
Some of the prominent players in the global playout automation market include Hardata; Imagine Communications Corp.; Florical Systems; Grass Valley; Harmonic, Inc.; Evertz; Cinegy LLC; BroadStream Solutions, Inc.; ENCO Systems; Deyan Automation Systems; Itochu Cable Systems; Amagi and Pebble Beach Systems, among others.
The market report covers exhaustive analysis on:
Regional analysis for the market includes the development of these systems in the following regions:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Automation and Robotics: Transitioning to the New Normal – Bangkok Post
Posted: at 2:04 pm
With physical distancing and lockdown measures in place across most countries around the world, companies are scrambling to find the means of ensuring business continuity while minimising the amount of contact between their workers.
To achieve this, they are increasingly turning to robots and automation to perform many of the roles that their employees cannot do while working from home.
Global surge amid shifting trends
In its World Robotics Report 2020, the International Federation of Robotics (IFR) reported a 12% YoY (year-on-year) increase in the number of industrial robots operating in factories around the world in 2019. The 2.7 million units in operation worldwide was the highest number ever recorded. Commenting on the findings of the report, Mr. Milton Guerry, the IFR President, stated that: The remaining months of 2020 will be shaped by adaption to the new normal. Robot suppliers will be forced to adjust to the demand for new applications and developing solutions. Taking a closer look at specific regions, Asia remains the strongest market for industrial robots. In 2019, the annual installations of industrial robots in Asia accounted for about two-thirds of the global supply. China led the ranks, registering almost 140,500 new robots, followed by Japan and the United States with 49,900 and 33,300 units, respectively. South Korea, Taipei, and India are also major Asian markets for robots. The three economies ranked in the top 10 largest markets globally in 2019 with the number of robots installed standing at 27,900 units, 6,400 units, and 4,300 units, respectively.
With the disrupted global supply chain affecting many sectors, demand for automation and robotic systems is uniquely robust. Adoption of the so-called Cobots, a term used to describe human-robot collaboration, has surged significantly. The IFR reported that 370,000 cobot units were installed in 2019, representing continued growth of 11%, while accounting for 4.8% of total market share in global industrial robots.
Recent changes in automation and robotics trends have shifted the rankings in terms of the industries with the highest concentration of robots. For many years, the automotive and electronics industries were the leading sectors when it came to sales and adoption of industrial robots. In 2020, however, and particularly since the arrival of the global pandemic, there has been a sharp increase in demand for new robot functions such as in healthcare, especially for the production of personal protective equipment (PPE).
Thailands strong industry landscape
Thailand was ranked as the 13th-largest market worldwide for industrial robot installations in 2019 with more than 2,900 units. Apart from the countrys high demand for industrial robots, Thailand also has the potential to play a significant role in the future of automation and robots as it is the 14th-largest exporter of machinery and mechanical appliances, which are critical components in mechanical arm assemblies. The value of Thailands machinery and mechanical appliance exports rose to $40 billion in 2019 and recorded 3% annual growth in value between 2015-2019, accounting for a 1.8% share of the global market in 2019. Furthermore, Thailands automation and robotics industry attracted over $3.53 million in foreign investment in the first two quarters of 2020, following on from $26.71 million invested in 2019.
In the service robot sector, products made in Thailand have already reached international markets. In 2013, a Thai-made-and-designed elderly care robot called Dinsow (meaning pencil) was introduced to the world. It has since become well-known, especially in Japan where the countrys aging population is a major issue. Using the robots built-in sensors, camera, speakers, and touchscreen, the care-giving robot is designed to alert the family of the elderly person under its care in the event of an accident or if it detects a difference in facial expression or unusual movement. Currently, more than 50 private and government hospitals in Japan are using Dinsow robots to assist elderly patients. Across more than 10 years of development, CT Asia Robotics, Dinsows developer, has launched four versions of Dinsow, with the latest being launched in 2019 and aiming to reach 200 units sold by 2020.
Robust public-private partnership
Through the establishment of the Thai Automation and Robotics Association (TARA), local and international players in the country have access to an extensive network. The association has brought together more than 60 automation and robotics-related companies and academic institutions specialising in automation and robotic systems to help advance Thailands technology in the field of robotics. The benefits of TARAs highly connected network have been reflected in its latest collaboration to invent a new service robot for COVID-infected cases. Partnering with the Institute of Field Robotics (FIBO) of King Mongkuts University of Technology Thonburi, the robotic system entitled FIBO Against COVID-19: FACO has been launched with technical and financial assistance from various private companies. The highlight of the FACO series is a service robot called SOFA which was developed to provide telemedicine services that enable physicians to command the robot remotely using a centralised control system. SOFA is used to minimise direct contact between healthcare practitioners and suspected cases. Prototypes of FACO were handed over to requested hospitals in April 2020. Engineering drawings and system details have been circulated to more than 20 local robot producers to upscale production for mass markets.
Along with such robust partnerships through private-led cooperation, the Thai government has played an active role in fostering robotics development in the country. Since its establishment in 2017, the Center of Robotics Excellence (CoRE) has been the main driver of Thailands robotics and automation industry. The centre aims to develop at least 150 robot prototypes, aid more than 200 entrepreneurs, and train more than 25,000 personnel by 2022.
BOI promotes demand and supply
In line with the governments commitment to supporting the automation and robotics sector, the BOI offers generous incentives to foreign and local investors. An 8-year Corporate Income Tax (CIT) exemption with no designated maximum exemptible amount is granted for business activities in the manufacturing of automation machinery and/or automation equipment with engineering design, including automation system integration (SI) and control system configuration. An 8-year CIT holiday capped at the value of capital investment is also offered to such activities without SI. Businesses engaged in assembling robots or automation equipment are eligible for a 5-year CIT exemption.
To promote the usage of automation and robotics systems among local businesses, the BOI grants a three-year corporate income tax exemption with the tax exemption ceiling not exceeding 50% of the total investment capital. The tax exemption increases to 100% of total investment capital in automation and robotics if businesses use local systems or services.
From January 2018 until June 2020, the BOI approved incentives to promote 54 automation and robotics projects with a combined investment value of $180 million. Of the total investment, 45%, or $80 million, was in local automation and robotics systems.
Besides the aforementioned, non-tax incentives are also offered to ensure smooth business operations, including exemption of import duty on machinery and raw materials, 100% foreign ownership, permission to own land, and permission to bring in skilled workers and experts to work in Thailand.
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Automation and Robotics: Transitioning to the New Normal - Bangkok Post
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Keen Insight for Marketing Automation Tools Market Trend by 2027 The Courier – The Courier
Posted: at 2:04 pm
From an insight perspective, this research report has focused on various levels of analysis industry trends analysis, top players analysis, company profiles, which discuss the basic views on the competitive landscape, emerging and high-growth segments of Marketing Automation Tools market, and high-growth regions. Besides, drivers, restraints, challenges, and opportunities pertaining to Marketing Automation Tools market are also predicted in this report.
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Major Manufacture:Salesfusion Infusionsoft SAP GreenRope IContact Salesforce SALESmanago Hatchbuck Act-On Software ETrigue LeadSquared Marketo IBM SAS Institute Aprimo HubSpot Cognizant Adobe Systems Oracle
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Application Outline:Large Enterprise SMB
Market Segments by TypeCampaign Management Email Marketing Mobile Application Inbound Marketing Lead Nurturing and Lead Scoring Reporting and Analytics Social Media Marketing Others
Table of Content1 Report Overview1.1 Product Definition and Scope1.2 PEST (Political, Economic, Social and Technological) Analysis of Marketing Automation Tools Market2 Market Trends and Competitive Landscape3 Segmentation of Marketing Automation Tools Market by Types4 Segmentation of Marketing Automation Tools Market by End-Users5 Market Analysis by Major Regions6 Product Commodity of Marketing Automation Tools Market in Major Countries7 North America Marketing Automation Tools Landscape Analysis8 Europe Marketing Automation Tools Landscape Analysis9 Asia Pacific Marketing Automation Tools Landscape Analysis10 Latin America, Middle East & Africa Marketing Automation Tools Landscape Analysis 11 Major Players Profile
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The regional analysis covers:North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)
Report Key AudienceMarketing Automation Tools manufacturersDownstream vendors and end-usersTraders, distributors, and resellers of Marketing Automation ToolsMarketing Automation Tools industry associations and research organizationsProduct managers, Marketing Automation Tools industry administrator, C-level executives of the industriesMarket Research and consulting firms
GMM Market Research Report Contains Answers Following QuestionsWhat are market dynamics of Marketing Automation Tools market? What are challenges and opportunities?Who are the global key players in this Marketing Automation Tools market? Whats their company profile, their product information, contact information?What was global market status of Marketing Automation Tools market? What was capacity, production value, cost and profit of Marketing Automation Tools market?What is current market status of Marketing Automation Tools market growth? Whats market analysis of Marketing Automation Tools market by taking applications and types in consideration?What is Marketing Automation Tools market chain analysis by upstream raw materials and downstream industry?What is economic impact on Marketing Automation Tools market? What are global macroeconomic environment analysis results? What are global macroeconomic environment development trends?What should be entry strategies, countermeasures to economic impact, marketing channels for Marketing Automation Tools market?
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Keen Insight for Marketing Automation Tools Market Trend by 2027 The Courier - The Courier
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Automation will help curb hoarding – The Express Tribune
Posted: at 2:04 pm
LAHORE:
Special Assistant to Chief Minister (SACM) on Information Dr Firdous Ashiq Awan has said that inflation was the biggest challenge for the government.
Speaking to the media during her visit to a Ramazan Bazaar in Gujranwala, Dr Firdous added that effective measures have been taken to provide maximum relief to the people. The administration of Gujranwala is working hard to break the network of illegitimate profiteers and taking action against the hoarders.
We are moving towards automation by eliminating the role of the middle man, she asserted. The transparency in demand and supply can be ensured through automation, she added. She further said that Gujranwala was not among the priorities of the previous governments but the non-discriminatory development of Gujranwala was the top priority of the incumbent government.
The SACM said the purpose behind visiting Gujranwalas Ramazan Bazaar was to check the quality of the goods and prices of commodities.
Published in The Express Tribune, April 25th, 2021.
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Process Automation & Instrumentation Market Insight and Forecast to 2026 | ABB, Beckhoff Automation, Emerson – NeighborWebSJ
Posted: at 2:04 pm
Process Automation & Instrumentation Market 2021 Global Briefing, Growth Analysis And Opportunities Outlook 2026
Chicago, United States The Process Automation & Instrumentation market report [5 Years Forecast 2021-2026] focuses on the COVID19 Outbreak Impact analysis of key points influencing the growth of the market.
The Process Automation & Instrumentation Market is expected to have a highly positive outlook for the next five years 2020-2026 according to a recently released. The study covers market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The research report presents a complete assessment of the Process Automation & Instrumentation Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data.
The report begins with the market summary, Process Automation & Instrumentation trade chain structure, former and current market size in conjunction with Process Automation & Instrumentation business opportunities in coming back years, an increase in technological innovation, offer demand and lack, numerous drivers and restraining factors pull the industry setting. The study on the market is looked at from the futuristic development perspective.
>>>> Process Automation & Instrumentation Market competition by top manufacturers/Key player Profiled: ABB, Beckhoff Automation, Emerson, General Electric, Hollysys Automation, Honeywell, Intech Process Automation, Metso, Mitsubishi, Rockwell, Schneider, Siemens, Yokogawa Electric
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Our exploration specialists acutely ascertain the significant aspects of the global Process Automation & Instrumentation market report. It also provides an in-depth valuation in regards to the future advancements relying on the past data and present circumstance of Process Automation & Instrumentation market situation. In this Process Automation & Instrumentation report, we have investigated the principals, players in the market, geological regions, product type, and market end-client applications. The global Process Automation & Instrumentation report comprises of primary and secondary data which is exemplified in the form of pie outlines, Process Automation & Instrumentation tables, analytical figures, and reference diagrams. The Process Automation & Instrumentation report is presented in an efficient way that involves basic dialect, basic Process Automation & Instrumentation outline, agreements, and certain facts as per solace and comprehension.
Global Process Automation & Instrumentation Market by Type: Process AutomationProcess Instrumentation
Global Process Automation & Instrumentation Market by Application: ChemicalsEnergy & PowerFood & BeveragesMetals & MiningOil & GasPharmaceuticalsPulp & PaperWater & WastewaterOthers
Regions and Countries:U.S, Canada, France, Germany, UK, Italy, Rest of Europe, India, China, Japan, Singapore, South Korea, Australia, Rest of APAC, Brazil, Mexico, Argentina, Rest of LATAM, Saudi Arabia, South Africa, UAE.
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Points Covered In Process Automation & Instrumentation Industry Are:
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Profiling Key players: ABB, Beckhoff Automation, Emerson, General Electric, Hollysys Automation, Honeywell, Intech Process Automation, Metso, Mitsubishi, Rockwell, Schneider, Siemens, Yokogawa Electric
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Rockwell Automation and Comau Partner to Simplify Robot Integration for Manufacturers – Business Wire
Posted: at 2:04 pm
MILWAUKEE and TURIN, Italy--(BUSINESS WIRE)--Rockwell Automation, Inc. (NYSE: ROK), the worlds largest company dedicated to industrial automation and digital transformation, and Comau, a global leader in industrial automation and robot manufacturer, announced today that they are joining forces to give businesses worldwide vital tools to maximize manufacturing efficiencies through unified robot control solutions.
Industrial companies are looking for efficient ways to integrate robotics into their operations for process optimization and agility, said Rockwell Automation Chairman and CEO Blake Moret. Rockwell Automations collaboration with Comau will simplify programming and lifecycle management, accelerating time to value for our customers.
Moret said this expansion of robotic applications is rooted in Rockwells broader strategy to help industrial companies save time and improve performance with unified robot control, ultimately providing long-term value for their business. The partnership is a collaborative development and selling model that offers the unified robot control product to both companies customers.
Comaus robotics and industrial automation expertise, as well as its reputation for high performance, reliability, and quality, combined with Rockwell Automations global capabilities and experience in automated material handling, food and beverage, household and personal care, and life sciences, gives customers the incremental value of an integrated robot solution, said Comau CEO Paolo Carmassi. Comau is eager to work with such an important partner that has a market-leading global footprint in all industries.
Engineers will now be able to program their entire machine in one environment, including Comau robot arms directly controlled through Rockwell Automations Logix-based controllers. Rockwell Automations Studio 5000 automation system design software provides relief from the time-consuming and often difficult task of trying to coordinate traditionally separate machine control and robot systems to work together using two different software tools.
Machine builders, system integrators, and others will gain development and deployment efficiencies through the use of digital engineering tools like Rockwells Emulate3D digital twin software, which creates digital models of production lines, auto-generates machine control code, and has built-in capabilities for Comau robots.
The combined Rockwell and Comau solutions will also offer benefits beyond enhanced integration. For example, end users can use analytics and digital twin tools to gain deeper insights into machine performance and potential production optimization. They can also use safety and security solutions to reduce business risks.
Operators on the manufacturing floor who use Rockwells FactoryTalk software suite will benefit from being able to see both line and robot control systems on a single interface. In-plant and remote technicians will only need to learn and maintain one architecture to monitor both systems. They can also leverage Rockwells augmented reality (AR) tools to improve lifecycle and service cycle maintenance.
Automazioni Industriali Capitanio, a recognized system integrator, designs, manufactures, and commissions automation systems for the metals industry and is an early adopter of the joint solution. Marco Capitanio, managing director of AIC, said the Rockwell-Comau collaboration allows the company to offer a seamless robot solution for customers, which he sees as a key advantage for a machine builder.
We value the simple and flexible programming environment, complete access to robot supervision and diagnostic parameters, and the ability to leverage existing automation panels and standard control devices, Capitanio said.
Rockwell products and technology that will be key to robotics integration include the following:
Comaus comprehensive robot range meets the needs of a wide variety of industries, from automotive to logistics, food and beverage, and packaging, just to name a few. It includes more than 40 different industrial robotic arms, with load capacities from 3 to 650 KG.
About Comau
Comau, a member of Stellantis, is a worldwide leader in delivering advanced industrial automation products, and systems. With over 45 years of experience and a strong presence within every major industrial country, Comau is helping manufacturers of all sizes in almost any industry experience higher quality, increased productivity, faster time-to-market, and lower overall costs. Headquartered in Turin, Italy, Comau has an international network of 7 innovation centers, 5 digital hubs, 8 manufacturing plants that span 14 countries and employ more than 9,000 people. For more information, visit http://www.comau.com.
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 23,500 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit http://www.rockwellautomation.com.
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Automation as a Service Market Share, Trends, Growth, Sales, Demand, Revenue, Size, Forecast and COVID-19 Impacts to 2014-2027 KSU | The Sentinel…
Posted: at 2:04 pm
This latest Automation as a Service report published by Global Market Monitor covers the current market dynamics, and provides effective competition strategies and market guidelines for the majority of practitioners.
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Competition AnalysisMajor competitors of the global Automation as a Service market include:Automation Anywhere, Inc. IBM Corporation Uipath Inc. Blue Prism Group PLC Microsoft Corporation
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Application SegmentationBanking, Financial Services, and Insurance (BFSI) Telecom and IT Retail and Consumer goods Healthcare and Life Sciences Manufacturing Government and Defense Others
By Type:Rule-based Automation Knowledge-based Automation
Table of Content1 Report Overview1.1 Product Definition and Scope1.2 PEST (Political, Economic, Social and Technological) Analysis of Automation as a Service Market2 Market Trends and Competitive Landscape3 Segmentation of Automation as a Service Market by Types4 Segmentation of Automation as a Service Market by End-Users5 Market Analysis by Major Regions6 Product Commodity of Automation as a Service Market in Major Countries7 North America Automation as a Service Landscape Analysis8 Europe Automation as a Service Landscape Analysis9 Asia Pacific Automation as a Service Landscape Analysis10 Latin America, Middle East & Africa Automation as a Service Landscape Analysis 11 Major Players Profile
Ask for a Report Sample at:https://www.globalmarketmonitor.com/request.php?type=3&rid=650602
By region North America, Asia-Pacific, Europe, Latin America, Middle East, Africa, and Others
Audience:-Automation as a Service manufacturers-Automation as a Service traders, distributors, and suppliers-Automation as a Service industry associations-Product managers, Automation as a Service industry administrator, C-level executives of the industries-Market Research and consulting firms
Key Questions Answered by This Report:What is the size and CAGR of the Automation as a Service Market?What are the key driving factors of the most profitable regional market?Which are the leading companies in the global market?How will the Automation as a Service Market advance in the coming years?What are the main strategies adopted in the global market?Which region may hit the highest market share in the coming era?What trends, challenges, and barriers will impact the development and sizing of the Automation as a Service Market?
About Global Market MonitorGlobal Market Monitor is a professional modern consulting company, engaged in three major business categories such as market research services, business advisory, technology consulting.We always maintain the win-win spirit, reliable quality and the vision of keeping pace with The Times, to help enterprises achieve revenue growth, cost reduction, and efficiency improvement, and significantly avoid operational risks, to achieve lean growth. Global Market Monitor has provided professional market research, investment consulting, and competitive intelligence services to thousands of organizations, including start-ups, government agencies, banks, research institutes, industry associations, consulting firms, and investment firms.ContactGlobal Market MonitorOne Pierrepont Plaza, 300 Cadman Plaza W, Brooklyn,NY 11201, USAName: Rebecca HallPhone: + 1 (347) 467 7721Email: info@globalmarketmonitor.comWeb Site: https://www.globalmarketmonitor.com
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Meet the $40B+ software robot maker poised to automate pencil pushing – The Hustle
Posted: at 2:04 pm
A company youve probably never heard of made IPO history this week.
UiPath, an automation company, made its market debut and notched the 3rd largest US software IPO in history, behind only Snowflake (No. 1) and Qualtrics (No. 2).
By markets close on Wednesday, the companys market cap had settled at a hefty $35.8B which leaves only one question
The company was founded in 2005 by Romanian entrepreneurs Daniel Dines and Marius Trc.
Originally called DeskOver, UiPath was based in Romania but later rebranded and moved its HQ to the US in 2017. Today, about of its ~3k employees are still based in Romania.
UiPath helps enterprises automate tedious manual tasks done on computers, something they refer to as RPA or
They call their automations software robots that do robot-like work for humans tasks like filling forms, moving files, inputting data, and scraping documents.
The real gem is that creating these software robots requires no coding, and they can interface with existing software using AI-fueled computer vision think robots actually seeing what they click.
This all rolls up into a serious business:
And according to UiPath, the market for robot automation is expected to reach $30B by 2024, up from $17B in 2020.
thanks to UiPaths 145% dollar retention, meaning its customers are staying and increasing budgets by 45% into the next year a strategy insiders call land and expand.
But its not all robots and sunshine.
UiPath will have to weather a public market thats souring for high-flying tech companies. In 2021, a cloud index of 58 cloud companies has dropped 7%; meanwhile, the Dow is up 10%.
Hot Dow Summer, anyone?
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Meet the $40B+ software robot maker poised to automate pencil pushing - The Hustle
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The four barriers to automation and robotics – SHD Logistics
Posted: at 2:04 pm
Industrial automation and robotic systems have now advanced to a stage whereby theyre more capable, cheaper than they once were and easier to integrate and install within software technology. Although large companies such as Amazon, DHL, LEGO, and Tesla have embraced automation within the warehouse, key barriers to implementing this technology remain, particularly for the SME market.
1) Fear of change
Organisations have spent years refining their manufacturing processes, picking lines and production processes to be as efficient as possible. These operationsare essential to a businesss success and its ability to fulfil its customers expectations. The ultimate aim of a business is to ensure a good customer experience, i.e. a good customer experience results in more customers and returning customers, leadingto more revenue and profits for organisations. As a result, the old adage of if its not broken, dont fix it is at play here. Despite the obvious benefits of automation and robotics, businesses are reluctant to change their processes in case this negatively impacts the productivity of the manufacturing facility. However, just because youre looking at implementing automation and robotic technology doesnt mean you have completely overhaul your current warehouse. A good place to start is typically with something simple. Think of whats the easiest thing to automate, such as moving a box from a to b, something you perhaps do every day. Once youre comfortable with that, you can begin to scale up and explore more complex forms of automation. Automation and robotic technology is not a race to see who can transform their whole warehouse the quickest. Start with what you can manage, and then you can look to improve and build on this.
2) High upfront costs
There is a preconceived notion that complex, sophisticated technology has to come with high initial capital costs in terms of the technology itself and the costs involved with training employees to use the equipment. This tends to make smaller firms and SMEs hesitant to take advantage of the available technology. Although there is an element of truth to this theory, there are also factors that help mitigate and offset the upfront high cash outlay.
Investing in automating manufacturing processes can actually be more cost-effective in the long run as opposed to sticking with traditional, manual methods. For example, you can lower your operating costs and increase your productivity as machines dont get tired. They dont need a break, and when the warehouse needs to be closed due to holidays or maintenance, automation technology and robotic systems can keep things ticking over. Furthermore, automated systems help future proof your business. This technology will only grow and get more prominent in the next 10/15 years. This type of technology needs to be viewed through a long-term lens regarding the return on investment that can be achieved. However, as robotics become more common, the costs will reduce, so expect this gap to decrease in the future.
Secondly, as we mentioned earlier, systems dont have to be fully automated in one big bang. Processes and technology can be introduced incrementally to help reduce the costs in the long run. However, in addition to this, there are multiple financial solutions on the market that can assist. For example, leasing is one popular route to procuring the latest technology. One of the most popular leasing solutions is an operating lease (or residual-value lease). This type of lease agreement involves the supplier taking an investment risk on the equipment, which they hope to accrue at the end of the contract when the equipment is returned to them. Essentially this solution results in the sum of the rentals being typically less than the original capital cost.
Example Operating Lease
New equipment cost: 100,000
Term: 5 years
Rental profile: Quarterly
Rental: 4,250
Total payable: 85,000
3) Lack of flexibility within the solution
Somewhat related to the initial high capital costs fear is the fear that once youve committed to a solution, there is little scope to deviate from what was decided at the start. This makes total sense. If youre procuring high-end technology, you want to ensure you have options if things need tweaking or are not working as previously planned.
Once automation systems have been installed, there is a belief that it has to stay until the time comes to replace it. This is not the case anymore. Nowadays, there is a wide range of general robotic systems on the market that are highly adaptable and can be easily changed and re-tasked without huge cost or intervention from engineers (and no, they dont have to come with an expensive upfront price tag either). These robotic arms can be adapted to suit different payloads and reach and are designed to work in virtually every market segment from automotive to medical. Lastly, flexible finance concepts such as pay-per-use models can help alleviate any potential concerns. These models can be matched to seasonal demand, usage patterns or just general production output. A pay-per-use solution can help to simplify cost control and reduces your investment risk.
4) Machines replacing staff
Lastly, organisations tend to be fearful that automation systems and robotics are there to take over peoples jobs and lay off staff. This isnt the case, and actually, technology can supplement the role humans play in the production line and help them become more productive. In recent years, AI systems and automation technology have become very sophisticated at reading contracts or data entry. Its actually in these, what you would call, white-collar jobs where automation has the potential to replace human roles. In 2017, when Tesla announced plans to ramp up the production of their Model 3 car, a robotic assembly line was at the centre of the companys plan to achieve this. However, automated systems are currently only programmed to deal with the expected situation. When faced with unexpected situations such as a nut or bolt being an inch out of position or a car door that is 10 degrees out of line, they cannot react and require human intervention.
We can also look at the Amazon example. Although they have around 45,000 robots in their warehouse, the company still has 200,000 employees within the warehouse. Amazon has used the robots to remove the need for walking and searching for items within the warehouse. Amazon has one of the most (if not the most) efficient supply chains globally and is a perfect case study for how human and robotic interaction can help achieve better productivity.
The fact is, robots are great at repetitive jobs such as dispensing paint, spray or glue to a surface, or welding for example. Currently however, robots and automation systems lack the same level of dexterity as their human counterparts. When it comes to delicate tasks or tasks that require a high level of precision, robots simply arent currently adept at dealing with them. Thanks to advances in safety systems, robots can work alongside their human colleagues, and organisations can decide which tasks can be automated and which ones need to remain manual. By using a combination of automation and manual intervention, companies can rebalance production lines and further boost their productivity levels.
As with any emerging technology, there is always hesitancy where there is perceived risk. Automation systems will undoubtedly become cheaper, more intelligent, and easier to implement in the future. However, the decision of whether or not to procure these technology types will remain difficult. At CHG-MERIDIAN, we work with both international and national customers to help them take that first step into automation and robotic technology. We offer our customers independent advice and work closely with both end-users and manufacturers/systems integrators to provide the correct solution. Because we are independent from suppliers and banks, we can offer flexible, bespoke leasing solutions that will reduce your costs and risk. Once youve taken that first step, we will work with you to see where lessons can be learned and processes refined. The sooner you take that first step, the better prepared and future-proofed your business will be.
If youre looking for support with implementing industrial automation and robotics or are interested in finding out more about our industrial solutions, please click here: https://www.chg-meridian.co.uk/solutions-services-sectors/industrial.html.
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The four barriers to automation and robotics - SHD Logistics
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Marketing Automation Platform WebEngage Featured In The Financial – MarTech Series
Posted: at 2:04 pm
WebEngage, a full-stack Marketing Automation company, has been recognized by Financial Times as one of Asia-Pacifics top 500 high-growth companies, debuting in the list at rank 206 to emerge as a rapidly-growing company.
The report compiled in partnership withNikkei Asiaand research providerStatista ranks Asia-Pacific companies by their compound annual growth rate (CAGR) in revenue between 2016 and 2019.
The recognition cements the Mumbai-headquartered companys reputation as a leading global martech platform for digital consumer businesses. WebEngages inclusion as a high-growth company comes from its Absolute Growth Rate of 233.7% and a CAGR of 49.4% between 2016-19.
Recently, WebEngage registered another notable mention as one of Indias fastest-growing companiesin the year 2021by TheEconomic TimesandStatista.
Talking about the recognition,Avlesh Singh, Chief Executive Officer, said, It is an exhilarating moment for us to be recognized as one of the high-growth companies in the APAC region by FT. We are in the 10th year of our operations, and its been a great ride building a much-loved brand. Over the years, we have successfully enabled consumer brands to create immersive digital experiences and drive tangible business results. We have grown steadily despite the impact of COVID in 2020. We are on track to deliver 100% growth in 2021, thanks to the love shown to us by our amazing customers who are striving to deliver delightful experiences powered by intelligent engagement.
WebEngage started as a web-based tool and later pivoted to a full-stack marketing automation platform over the years. The brand is a leader in the Software-as-a-Service (SaaS) space and drives growth via intelligent engagement and retention for some of the worlds leading brands in 35 countries. WebEngage serves thousands of mid-market and enterprise customers in 35 countries across verticals like E-Commerce, Fintech, Online Retail, Edtech, Foodtech, Travel and OTA, Gaming, etc. WebEngage counts Blume Ventures, Indian Angel Network Fund, Capital Group, Social Capital, and India Quotient as marquee investors.
Marketing Technology News:Placer.ai Launches Marketplace to Bring Leading Data Tools Together
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Marketing Automation Platform WebEngage Featured In The Financial - MarTech Series
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