Daily Archives: April 25, 2021

Theres an old proverb that says, The cobblers kids go barefoot. Many CPA firms offer great financial management advice to clients, but are slow to act on process changes that can improve the firms bottom line. Manual billing and AR processes are recognized pain points for small and medium-size businesses, and accounting firms are no exception.

B2B financial transactions, including for professional services firms, are increasingly digital.

Before the pandemic, firms were already dealing with slow check payment processes and their inherent fraud risk. A year later, with remote work operations now the norm, newly cloud-based firms are rapidly adopting automated solutions for client payment processing.

A recent study, B2B Payments Innovation Readiness conducted by Pymnts.com found that organizations that adopt automation in payments and AR management quickly realize business benefits, with 87% of automated organizations reporting improvements in process speed. Automating payments processing shortens the collection cycle and improves cash flow.

Clients have moved to the cloud. They want to pay in the cloud.

Businesses increasingly prefer digital payment methods and will deal with the easy-to-pay invoices before they get to a paper invoice.

In the Pymnts.com study, a full 75% of organizations reported that automated functions help them provide superior customer experiences and increase client satisfaction with a simple payment process. Its far easier for your client to make an online payment than to pay the old-fashioned way. When its simple, they are quicker to act, and your firm is seen as smart people who are easy to do business with. The convenience of paying by credit card offers your clients the payment option they prefer.

Another fintech study by Pymnts.com, The B2B Tipping Point, reports that companies largest concerns when sending and receiving B2B payments were convenience and ease of use. Their first choice is usually ACH, followed by electronic transfers and credit cards. If a supplier or vendor does not accept those payment methods, these businesses tend to fall back on paper checks.

Many clients want the ability to pay by credit card. ASmall Business Credit CardStudy by Visa/A.T. Kearney indicates that almost 70% of small businesses use credit cardsin a typical month. They are purchasing routine supplies, services and subscriptions on a credit card why not accounting services? Using an automated payment program, you can offer payment via MasterCard, Visa, ACH, American Express and Discover.

Automated payments fit with accounting firm strategy.

Firms are challenged to evolve during these changing times. One thing is clear: Cloud-based technology is essential, and the age of automation is here. By embracing technology and automation to support innovative client support and advisory services or CAS, firms can reduce the time required to manage traditionally manual processes.

If your firm adopts a new practice management system today, its highly likely that it will be a cloud-based platform. The corresponding accounting, tax and auditing programs used by firms are increasingly in the cloud, and every tax accountant knows that the IRS has offered e-filing for 30 years. Similarly, automated, cloud-based payments processing is the best fit for firms that have embraced a cloud strategy.

What to look for in an automated payments system:

An online payment solution allows your clients to securely pay invoices quickly and easily, instead of requiring them to process and mail a paper check. More importantly, online payment technology enables you to offer automatic recurring payments to support new retainer-based and project-based business models. This relatively simple change is worth considering, as an important way to set your firm apart.

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Nicole Fluty is product manager for OfficeTools at AbacusNext, with over a decade of experience with OfficeTools. She directs and manages rollouts for new features and quarterly public updates delivered to thousands of users. Fluty travels the country, meeting with accounting professionals to better understand their challenges and design practical solutions.

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3 Reasons to Move Forward with Automated Payments Technology - CPAPracticeAdvisor.com

New report published on Cloud Automation Market offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porters Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain a competitive advantage.

This report includes an in-depth analysis of the global Cloud Automation market for the present as well as forecast period. The report encompasses the competition landscape entailing share analysis of the key players in the Cloud Automation market based on their revenues and other significant factors. Further, it covers the several developments made by the prominent players of the Cloud Automation market.

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Top Players in Cloud Automation Market are

The report makes use of the market data sourced from the year 2015 to 2020 while the market analysis aims to forecast the market up to the year 2026. The various strategic developments have been studied to present the current market scenario.

Cloud Automation Market Segmentation

The segment outlook section of the report is a highly decisive information hub to unravel segment potential in directing impressive growth and steady CAGR valuation. Additional details on SWOT analysis of each of the mentioned market participant is poised to accelerate growth tendencies besides reviewing the growth scope through 2020-2026.

Cloud Automation Market by Type

Cloud Automation Market, By Application

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By Regions:The report offers an accurate representation of the geographical scope of the Global Cloud Automation Market, inclusive of graphical details of popular growth hotspots and performance of the various products and services aligning with end-user preferences and priorities.

Impact of COVID-19 on Cloud Automation Market:

Cloud Automation Market report analyses the impact of Coronavirus (COVID-19) on the Cloud Automation industry. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Cloud Automation market in 2021

Key Parameters of Cloud Automation Market:

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Research Report on Cloud Automation Market Size 2021-2026 Industry Share and Demand Analysis of Key Players NeighborWebSJ - NeighborWebSJ

Date:Tuesday, May 18, 2021Time:12:00 PM Eastern Daylight TimeDuration:1 hour

Businesses constantly seek to improve IT agility and responsiveness to enable rapid innovation. However, in a hybrid cloud environment, growing complexity of infrastructure and application delivery are challenging IT teams to keep up with increasing expectations. Even managing resources across development teams and projects can be difficult.

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Mayank is Director ofProduct Marketing for AIOps and DevOps at Nutanix. He's given numerous talks and spoken at industry events on hyperconverged infrastructure, automation and hybrid cloud management. Before joining Nutanix, Gupta worked for the Datacenter group at Intel. He has over 18 years of experience in the Compute and Storage space. He holds an MBA from Berkeley-Haas and B.Tech from IIT Bombay.

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AIOps and Automation Best Practices for Hybrid Cloud Management at Scale - ITPro Today

NEW YORK, April 21, 2021 /PRNewswire/ -- Research Dive has published a report titled "Building Automation System Market by Component, Application, Offerings, and Regional Analysis: Global Opportunity Analysis and Industry Forecast, 20202027".

The Global Building Automation System Marketis anticipated to garner a revenue of $142,257.3 million by 2027 at a CAGR of 9.9% during the forecast period.

Regional Outlook

North America regional market of building automation system accounted $24,009.1 million in 2019 and is further projected to grow at a CAGR of 9.1%. The main attributor behind this growth is the presence of the major industry players in various countries across the region.

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Highlights of the Report

The report has divided the market into different segments based on component, application, offerings, and regional outlook.

Dynamics of the Market

One of the major driving factors of the market include the increasing demand for energy-efficient and eco-friendly buildings among the urban population. Moreover, in a dynamic approach, the system helps the user to display accurate details of energy used with precision and the time consumed to perform the task. These are the main attributors behind the growth of the market.

The BAS technology is complex to operate which is predicted to hinder the market growth in the forecast period.

Implementation of the AI for complete automation during the construction of buildings is predicted to create many opportunities for the global building automation system market during the projected timeframe.

Top 10 Key players of the Building Automation System Market

The report includes the most significant players of the market which are

The report also reviews many other important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments. - Inquire and Get Quick Access to Top Companies Development Strategies Summary Report [80 pages]

Impact of COVID-19 on the Building Automation Systems Market

The COVID-19 pandemic has impacted the market in a negative way as the nationwide lockdowns led to temporary stoppage of the construction activities. However, as the unlock procedures have started the construction activities have taken momentum and the demand for the building automation system have increased which predicts of a better market growth in upcoming years.

Get Access to COVID-19 Impact Analysis on Building Automation Systems Market.

More about Building Automation System

Current State of the Global Building Automation System Market: An Insight

Benefits of Building Automation Systems in Today's World

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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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Global Building Automation System Market Anticipated to Grow at a CAGR of 9.9% during the Forecast Period, 2020-2027 - Exclusive Report [218 pages] by...

IT leaders say the challenges of the job keep growing. Theyre faced with more demands to provide service anywhere and on any device. Plus, everyone wants it delivered faster.

Its not easy to deal with all of the competing interests, said a CIO from the finance sector at a CanadianCIO virtual roundtable.

One way to help manage the situation is to introduce automation to replace mundane tasks and to set policy parameters within systems, said Kurt Roemer, Chief Security Strategist at Citrix Systems.

Organizations must determine their priorities, Roemer said. IT has to look at how the organization can be more agile, while being secure. Ultimately, its about supporting digital transformation for business.

If it isnt cloud, its security

Cloud migration and security enhancements go hand-in-hand on digital transformation projects. Many organizations start with elements of Zero Trust such as micro-segmentation to cut down on lateral movement, said Roemer.

Zero Trust is easy to read about, but implementing it is not so obvious, said one IT leader. However, his organization is making best efforts to apply Zero Trust as it moves workloads to the cloud.

Dealing with legacy systems is also an ongoing issue. Several of the CIOs noted that moving legacy systems to the cloud is not a lift and shift. You dont want to replicate customized processes in the cloud, said one IT leader. In most cases, these systems have to be redesigned and business processes have to change. That can present another challenge for the IT team because, as the IT leaders put it, convincing some business departments to change can be a long process.

Cost approvals and cost controls for the cloud transition can be another obstacle. The move from capital to operating expenses can be difficult because capital expenses are more clearly defined. Some IT leaders also expressed concern about cloud costs getting out of control. If you open up cloud resources to everybody for unleashed consumption, that could be a problem, said one IT leader.

Another concern was that its simply not possible to move everything to the cloud because some data is too sensitive. As a result, IT must find ways to better coordinate on-premises and cloud infrastructure.

Ideas for automation

Theres a lot of technology to make managing hybrid clouds easier, said Roemer. This can help avoid duplication of data so that people can use it in different places. With automation of tasks and orchestration of workflows, organizations can build defined policy parameters into the system, he said. For example, it can be set to automatically stop a user that tries to put sensitive information on Dropbox.

Similarly, cloud costs can be controlled by automating the spinning down of cloud infrastructure when it isnt needed, said Roemer. You can also build in boundary conditions for the consumption of cloud resources.

The key to Zero Trust is to set access rules that are aware of the appropriate business context. As an example, different controls can be applied to only those who deal with highly sensitive data. This is one of the biggest opportunities to balance productivity and cost, said Roemer. If you do that, you can make things, not just incrementally, but wildly better.

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Got digital transformation headaches? Automation may be the answer - IT World Canada

DUBLIN, April 21, 2021 /PRNewswire/ -- The "Autonomous Ships Market by Level of Autonomy, Ship Type, Component and Fuel Type: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.

Autonomous ships are the self-driving vessels that operate on the surface of water without any crew present on the ship. They are piloted by means of artificial intelligence and can be unmanned vessels functioning as a type of seafaring drone. They are combined with advanced sensors which give a precise image of the surrounding to the artificial intelligence system of the ship making it to operate accordingly.

The component used in autonomous ships are supported by the services such as IoT, Artificial intelligence (AI) and others, which help to follow mission plans, adjust mission execution, and sense the environment with the necessary decision logic. Presently, there is a demand for smart and autonomous ships which can reduce the human involvement in the operation. One of the major factors that drive the autonomous ships market share is increase in seaborne trades across the globe.

The autonomous ships market is segmented based on the level of autonomy, component, ship type, fuel type, channel type, and region. On the basis of level of autonomy, the market is divided into semi-autonomous and fully autonomous ships. Depending on the ship type, the market is categorized into commercial ships, defense ships, and passenger ships. By fuel type, the market is classified into carbon neutral fuels, liquefied natural gas, electric batteries, and heavy fuel oils. And based on component, the market is divided into hardware and software. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players analyzed in the Autonomous Ships Market include ABB, ASV Global, Honeywell International, Kongsberg Gruppen, Marine Technologies LLC, Mitsui O.S.K. Lines, Northrop Grumman, Rolls-Royce, Ulstein Group ASA, and Wartsila.

Key Benefits for Stakeholders

Key Topics Covered:

CHAPTER 1: INTRODUCTION1.1. Report description1.2. Key benefits for Stakeholders1.3. Key Market Segments1.4. Research methodology1.4.1. Primary research1.4.2. Secondary research1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW3.1. Market definition and scope3.2. Key findings3.2.1. Top impacting factors3.2.2. Top investment pockets3.2.3. Top winning strategies3.3. Porter's five forces analysis3.4. Key player positioning, 20203.5. Market dynamics3.5.1. Drivers3.5.1.1. Increase in demand for cargo transportation through marines3.5.1.2. Increase in operational safety of ships3.5.2. Restraints3.5.2.1. Risk of exploitation by hacking3.5.2.2. Complexity of the network3.5.3. Opportunities3.5.3.1. Anticipated trend of automation in marine transportation3.5.3.2. Increase in marine safety norms3.6. COVID-19 impact analysis

CHAPTER 4: GLOBAL AUTONOMOUS SHIPS MARKET, BY LEVEL OF AUTONOMY4.1. Overview4.2. Semi-autonomous4.2.1. Key market trends, growth factors and opportunities4.2.2. Market size and forecast, by region4.2.3. Market analysis by country4.3. Fully autonomous4.3.1. Key market trends, growth factors and opportunities4.3.2. Market size and forecast, by region4.3.3. Market analysis by country

CHAPTER 5: GLOBAL AUTONOMOUS SHIPS MARKET, BY COMPONENT5.1. Overview5.2. Hardware5.2.1. Key market trends, growth factors and opportunities5.2.2. Market size and forecast, by region5.2.3. Market analysis by country5.3. Software5.3.1. Key market trends, growth factors and opportunities5.3.2. Market size and forecast, by region5.3.3. Market analysis by country

CHAPTER 6: GLOBAL AUTONOMOUS SHIPS MARKET, BY SHIP TYPE6.1. Overview6.2. Commercial ships6.2.1. Key market trends, growth factors and opportunities6.2.2. Market size and forecast, by region6.2.3. Market analysis by country6.3. Defense ships6.3.1. Key market trends, growth factors and opportunities6.3.2. Market size and forecast, by region6.3.3. Market analysis by country6.4. Passenger ship6.4.1. Key market trends, growth factors and opportunities6.4.2. Market size and forecast, by region6.4.3. Market analysis by country

CHAPTER 7: GLOBAL AUTONOMOUS SHIPS MARKET, BY FUEL TYPE7.1. Overview7.2. Carbon neutral fuels7.2.1. Key market trends, growth factors and opportunities7.2.2. Market size and forecast, by region7.2.3. Market analysis, by country7.3. Liquefied natural gas7.3.1. Key market trends, growth factors and opportunities7.3.2. Market size and forecast, by region7.3.3. Market analysis, by country7.4. Electric batteries7.4.1. Key market trends, growth factors and opportunities7.4.2. Market size and forecast, by region7.4.3. Market analysis, by country7.5. Heavy fuel oils (HFO)7.5.1. Key market trends, growth factors and opportunities7.5.2. Market size and forecast, by region7.5.3. Market analysis, by country

CHAPTER 8: GLOBAL AUTONOMOUS SHIPS MARKET, BY REGION8.1. Overview8.2. North America8.3. Europe8.4. Asia-Pacific8.5. LAMEA

CHAPTER 9: COMPANY PROFILES9.1. ABB LTD.9.1.1. Company overview9.1.2. Company snapshot9.1.3. Operating business segments9.1.4. Product portfolio9.1.5. Business performance9.1.6. Key strategic moves and developments9.2. L3 ASV9.2.1. Company overview9.2.2. Company snapshot9.2.3. Operating business segments9.2.4. Product portfolio9.2.5. Business performance9.2.6. Key strategic moves and developments9.3. MITSUI O. S. K. LINES9.3.1. Company overview9.3.2. Company snapshot9.3.3. Operating business segments9.3.4. Product portfolio9.3.5. Business performance9.3.6. Key strategic moves and developments9.4. NORTHROP GRUMMAN9.4.1. Company overview9.4.2. Company snapshot9.4.3. Operating business segments9.4.4. Product portfolio9.4.5. Business performance9.4.6. Key strategic moves and developments9.5. HONEYWELL INTERNATIONAL9.5.1. Company overview9.5.2. Company snapshot9.5.3. Operating business segments9.5.4. Product portfolio9.5.5. Business performance9.5.6. Key strategic moves and developments9.6. ULSTEIN GROUP ASA9.6.1. Company overview9.6.2. Company snapshot9.6.3. Product portfolio9.6.4. Business performance9.7. WARTSILA.9.7.1. Company overview9.7.2. Company snapshot9.7.3. Operating business segments9.7.4. Product portfolio9.7.5. Business performance9.7.6. Key strategic moves and developments9.8. KONGSBERG GRUPPEN9.8.1. Company overview9.8.2. Company snapshot9.8.3. Product portfolio9.8.4. Business performance9.8.5. Key strategic moves and developments9.9. ROLLS ROYCE9.9.1. Company overview9.9.2. Company snapshot9.9.3. Operating business segments9.9.4. Product portfolio9.9.5. Business performance9.9.6. Key strategic moves and developments9.10. MARINE TECHNOLOGIES, LLC9.10.1. Company overview9.10.2. Company snapshot9.10.3. Operating business segments9.10.4. Product portfolio

CHAPTER 10: DEVICE PROVIDERS10.1. SEA MACHINES ROBOTICS, INC.10.1.1. Company overview10.1.2. Company snapshot10.1.3. Product portfolio10.1.4. Key strategic moves and developments10.2. NEPTEC TECHNOLOGIES CORP.10.2.1. Company overview10.2.2. Company snapshot10.2.3. Operating business segments10.2.4. Product portfolio10.3. INTEL CORPORATION10.3.1. Company overview10.3.2. Company snapshot10.3.3. Operating business segments10.3.4. Product portfolio10.3.5. Business performance10.3.6. Key strategic moves and developments10.4. GOOGLE (ALPHABET INC.)10.4.1. Company overview10.4.2. Company snapshot10.4.3. Operating business segments10.4.4. Product portfolio10.4.5. Business performance10.4.6. Key strategic moves and developments10.5. SHONE AUTOMATION INC.10.5.1. Company overview10.5.2. Company snapshot10.5.3. Product portfolio10.5.4. Key strategic moves and developments10.6. BUFFALO AUTOMATION10.6.1. Company overview10.6.2. Company snapshot10.6.3. Product portfolio10.6.4. Key strategic moves and developments

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Worldwide Autonomous Ships Industry to 2030 - Anticipated Trend of Automation in Marine Transportation Presents Opportunities - PRNewswire

Chinas Laiye Bags $50 Million in New Funding to Develop Robotic Automation Tech

Laiye, a Chinese developer of robotic process automation (RPA) systems, has pocketed $50 million in its series C+ funding round co-led by Ping An Global Voyager Fund and Shanghai Artificial Intelligence Industry Equity Investment Fund, reflecting a growing investor interest in a technology used to enhance productivity in workplaces.

Other investors included Lightspeed China Partners, Sequoia Capital China and Wu Capital, Laiye said in a WeChat post on Wednesday.

RPA systems are used to mimic tedious and repetitive workplace tasks like keyboard strokes and mouse clicks to help businesses reduce staffing costs and human errors. Use of RPA tools saw a boom during the Covid-19 pandemic, as a growing number of companies explored ways to automate their workflow.

The capital raised in the new round will be used for global expansion, talent recruitment, artificial intelligence technology development and the deployment of new mobile-based products, according to Laiye.

Beijing-based Laiye said that its revenue from RPA software service subscriptions skyrocketed 900% year-on-year in 2020, with the years final quarter seeing its enterprise-focused business achieve a positive cash flow while its chatbot business turned a profit during the quarter.

Established in 2015, Laiye offers smart robotic automation products, natural language processing, dialogue management and context-based recommendations to companies from various industries ranging from finance and manufacturing to telecoms and retail. In 2019, Laiye launched an RPA platform called UiBot which it claims can help enterprises improve operating and management efficiency as well as lower labor costs.

CEO Wang Guanchun said that Laiye aims to amass 1 million certified software robot developers by 2025, as the company expands its services globally. Currently, Laiye has a local team in Singapore consisting of experts who have worked for tech giants including Microsoft, IBM and Oracle.

Contact reporter Ding Yi (yiding@caixin.com)

Related: Chinese AI Firm Laiye Secures $42 Million in Series C Funding Round

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China's Laiye Bags $50 Million in New Funding to Develop Robotic Automation Tech - Caixin Global

According to a new research report titled Fog Computing for Industrial Automation Market Global Industry Perspective, Comprehensive Analysis And Forecast by 2021 2027

This has brought along several changes in This report also covers the impact of COVID-19 on the global market.

The report provides revenue forecasts for global, regional and country levels. It also provides comprehensive coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. For the purpose of research, The Report has segmented global Fog Computing for Industrial Automation market on the basis of types, technology and region

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Key Competitors of the Global Fog Computing for Industrial Automation Market are:Hitachi, Microsoft Corporation, Nebbiolo, Cisco Systems, IBM, Intel, Macchina, VIMOC, Adlink (PrismTech), RTI, Crosser Technologies, AppFog, SONM, Viatech

The Global Fog Computing for Industrial Automation Market Research Report is a comprehensive and informative study on the current state of the Global Fog Computing for Industrial Automation Market industry with emphasis on the global industry. The report presents key statistics on the market status of the global Fog Computing for Industrial Automation market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

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HardwareSoftware

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Transportation & LogisticsSmart GridNetwork SensorsOthers

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Regional Fog Computing for Industrial Automation Market (Regional Output, Demand & Forecast by Countries):-North America (United States, Canada, Mexico)South America ( Brazil, Argentina, Ecuador, Chile)Asia Pacific (China, Japan, India, Korea)Europe (Germany, UK, France, Italy)Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And More.

The research report studies the past, present, and future performance of the global market. The report further analyzes the present competitive scenario, prevalent business models, and the likely advancements in offerings by significant players in the coming years.

Key Questions answered by the Report

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Fog Computing for Industrial Automation Market Research Report by Type, by Application, by End User Global Forecast to 2027 Cumulative Impact of...