Daily Archives: November 1, 2021

Despite a 7.2% gain in Brooks Automation, Inc.'s (NASDAQ:BRKS) stock price this week, shareholders shouldn't let up. Although prices were relatively low, insiders chose to sell US$5.4m worth of stock in the past 12 months. This could be a sign of impending weakness.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Brooks Automation

The CEO, President & Director, Stephen Schwartz, made the biggest insider sale in the last 12 months. That single transaction was for US$1.9m worth of shares at a price of US$69.62 each. That means that even when the share price was below the current price of US$116, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 6.9% of Stephen Schwartz's holding.

Brooks Automation insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Brooks Automation insiders own about US$139m worth of shares (which is 1.6% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

The fact that there have been no Brooks Automation insider transactions recently certainly doesn't bother us. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the Brooks Automation insiders selling. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, we've identified 1 warning sign with Brooks Automation and understanding it should be part of your investment process.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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Brooks Automation, Inc. (NASDAQ:BRKS) insiders sold US$5.4m worth of stock, a possible red flag that's yet to materialize - Simply Wall St

Robotic process automation (RPA) is nothing new. In fact, its an automation toolkit that was first introduced back in the 1990s. But in 2020, in the midst of a global pandemic and the all new remote work norm, RPA interest and adoption hit a new high. Why? Because with RPA, digital workers are able to take over repetitive, manual tasks traditionally performed by their human counterparts -- freeing up time, energy and critical human resources.

Gartners Fabrizio Biscotti, research vice president, put it best: "The key driver for RPA projects is their ability to improve process quality, speed and productivity, each of which is increasingly important as organizations try to meet the demands of cost reduction during COVID-19. Enterprises can quickly make headway on their digital optimization initiatives by investing in RPA software, and the trend isnt going away anytime soon."

In fact, Gartner predicts that by 2022, 90 percent of organizations globally will have adopted robotic process automation (RPA). Whats more, through 2024, larger enterprises are expected to triple the capacity of their existing RPA portfolios.

Yet, in todays world, we know that when it comes to adopting emerging technologies, cybersecurity is far too often an afterthought. Even more vitally, when it comes to RPA adoption, organizations arent just adopting new technologies -- and the threat vectors and bad actors that inevitably come with them in the digital age -- theyre adopting new identities as well. Machine identities that have access to the DNA, the networks, and the ins and outs of the business.

So as RPA adoption continues to accelerate, its imperative that organizations proactively account for the cybersecurity concerns that will inevitably come -- and prepare for them accordingly.

Why the RPA risk

In order to proactively mitigate any RPA risk, organizations must first understand that RPA -- these new 'digital workers' -- have identities of their own.

MetLifes Gaurav Priyadarshi writes, "Introducing a new technology to an organization always comes with certain vulnerabilities that can be exploited by hackers. For example, automated solutions or bots may not have the ability/functionality to identify malware, thereby increasing the threat and providing opportunity to hackers."

Just like you and me, these new digital identities have 'minds', capabilities and access of their own. Theyre equal employee counterparts, who have just as much access to sensitive systems as you or I, and they can just as easily give up that access if not properly secured.

Earlier this year, Forrester predicted that 33 percent of breaches in 2021 will be insider threat-related. Meaning that over a quarter of all breaches that take place this year will be due to exploited employee credentials (i.e. bad actors taking advantage of internal access), or internal cybersecurity negligence. With that being said, RPA is just another avenue for bad actors to potentially take advantage of unprotected or unmanaged insider access or credentials. Particularly as 'identity sprawl' proliferates, and organizations find themselves having to manage more disparate 'identities' (both human or non-human), the need for proactive, preventative cybersecurity has never been greater.

Mitigating RPA-related threats

Zero Trust -- an industry framework largely predicated on the notion 'never trust, always verify' -- was lauded as an industry best practice this year.

What Zero Trust essentially means is that if someone tries to access your networks, data, or any business asset, theyd be required to validate their identity before gaining access or entry whether they are the CEO or an intern, and that same practice should be standard for RPA, or 'digital identities'. Risk isnt one size fits all, and there are no guarantees when it comes to identity security, so a Zero Trust approach is one major way organizations can mitigate risk when it comes to RPA.

Another way to minimize RPA cyber concerns is through third-party security solutions like privileged access management (PAM). Through a PAM system, when a digital worker needs privileged access, the robot can retrieve credentials automatically, without any exposure to the bot owners or developers. This in turn, not only provides a full audit trail (i.e. which digital workers accessed which applications), but also provides individual accountability and proof that no one can obtain the password, in a noncompliant manner, without slowing down robotic operations.

With a PAM tool that connects to RPA systems, organizations are better equipped to proactively secure, control and audit the credentials and privileges of the bots. Plus by choosing a PAM solution that is easy to deploy, and one that integrates seamlessly into your pre-existing security stack, PAM can be achieved quickly without compromising the productivity that RPA affords.

Like any other new technology, RPA is at its best when the business ROI is high, and the security risk is low. But as new bad actors and threat vectors continue to emerge, its critical that enterprises build cybersecurity into the core of their business growth strategy -- leveraging it in tandem with new technologies. Making it more than just an afterthought.

Image credit: Sergey Tarasov / Shutterstock

Bhagwat Swaroop serves as President and General Manager of Quests One Identity Business Unit and joined the company in November 2020. He is responsible for driving the overall strategy, product innovation, GTM and P&L for One Identity. Bhagwat is a seasoned strategic leader and brings a deep understanding of the enterprise security landscape, technology ecosystem, SaaS and cloud-driven business models. He is a sought-out expert and public speaker on Cybersecurity and implementing Identity Centric Security models in the cloud age.

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How rampant robotic process automation (RPA) adoption is introducing new threat vectors - BetaNews

DUBLIN, Oct. 29, 2021 /PRNewswire/ -- The "Substation Automation Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.

The global substation automation market is evaluated at US$46.173 billion for the year 2019 and is projected to grow at a CAGR of 6.27% to reach a market size of US$70.675 billion by the year 2026.

Substation automation is the technique of controlling and directing orders from distant users utilizing data or information from intelligent electronic devices (IEDs) within a substation. It connects power plants and grids to ensure that power is delivered consistently and dependably. Numerous reclosers, programmable logic controllers and capacitor banks, smart meters, transformers, switches, and digital relays are all part of it. This software-based substation automation system (SAS) is used to optimize assets while minimizing human involvement and operational expenses. As a result, it finds widespread use in a variety of sectors, including oil and gas, transportation, mining, and steel.

Rapid industrialization, along with a growing need for cost-effective energy management systems throughout the world, is propelling the market forward. Automated substations control voltage variations and are an important part of energy transmission and distribution (T&D) systems, helping to reduce outages and total operating costs. Various technical advances, as well as the integration of main equipment with contemporary sensors, protective relays, programmable logical controllers, and digital transducers, are also boosting market expansion. Furthermore, the growing trend of smart cities and the widespread use of smart grids, particularly in developing nations, is boosting the market's prospects. Other factors such as growing retrofitting and upgrade of old substation equipment, government efforts supporting substation automation, and significant research and development (R&D) activities are expected to propel the market even more.

The market for smart grids is growing due to the rising need for efficient energy transmission, cheaper utility operations, and administration expenses, and ultimately lower power bills for consumers. Smart grids in substation automation are also growing due to the increased integration of large-scale renewable energy systems and enhanced security, among other factors. Smart grid communication technology offers utilities, their suppliers, and their consumers' predictive data and advice on how to effectively manage electricity. Furthermore, smart grids are being implemented through the use of contemporary technology in substations and power networks. To get to the smart grid, you'll need comprehensive data from transmission network substations to evaluate and control it. The market is being driven by trends toward updating and retrofitting aging traditional substations as well as new contemporary substations.

Escalating investments in renewable energy projects to aid market expansion

Solar and wind energy are now the most popular power generation choices, with most nations generating more than 20% of their electricity from these sources. Renewable energy sources accounted for 25% of global electricity generation in 2019, according to the International Energy Agency. Renewable energy will be able to provide the majority of global power demand by 2050, which is expected to be about 86 percent. Companies all across the world are putting their money into renewable energy infrastructure rather than fossil fuels. Total investment in renewable energy sources was USD 259 billion in 2019 and USD 226 billion in 2020, according to the IEA's World Energy Investment 2020 report. The economic crisis caused by the COVID-19 epidemic contributed significantly to the fall in 2020. Countries all around the world are attempting to develop new renewable energy projects for power generation. They are also investing in solar and wind projects to fulfill rising electricity demand while minimizing environmental consequences, as well as non-renewable energy generation.

Inclining new installations to augment market demand

The market for new substation automation installations is projected to expand as the need for new power plants and smart grids in various industries grows, as does the demand for automation, IEDs, sophisticated communication technologies, HMIs, and SCADA systems. In addition, new installations provide increased operating safety and dependability while requiring less maintenance. In the substation automation market, leading firms have developed numerous new installation projects to increase power flow, improve electric reliability, improve the quality of energy supply, and modernize the power infrastructure.

Increasing adoption in the utility sector is expected to contribute to escalating market size

The use of renewable energy by utilities as an end-user is expanding rapidly, owing to increased government initiatives to modernize power networks and growing investments in renewable energy generation. In the current environment, the wind sector has a higher demand for substation automation solutions; government organizations and power generating firms are collaborating to introduce automation to wind farm projects. General Electric (GE) and DTEK inked a deal in June 2019 to deliver high-voltage equipment for the 150 kV central power distribution station and two 150/35/10 kV substations, which would enable energy transmission from the Prymorska wind farm (Zaporizhia area) to the Ukrainian power grid. The wind farm will be home to the digital substation.

The wide range of services offered is leading to increasing market adoption

The fast increase in the number of projects including renewable energy sources such as solar and wind can be ascribed to the market's strong development potential. For example, Sun Tech Power Holdings (China), a solar module manufacturer, intends to increase its investment in solar energy projects to fulfill China's rising energy demand as a result of rapid urbanization. Several Chinese power firms, including State Grid Corporation of China, China Three Gorges Corporation, and State Power Investment Corporation, are working on 25 wind turbine contracts totaling about USD 586 billion to generate electricity.

High initial installation costs restrain the growth of the market

The first phase of substation automation is capital-intensive, which may limit the worldwide substation automation market's growth. The expanding necessity to incorporate multiple IEDs in substations, as well as the increasing usage of sophisticated technologies like microprocessors and service-oriented architecture (SOA), has raised the purchasing costs of these substations. Smart substation implementation also necessitates strong cooperation beyond traditional organizational boundaries, considerable process change, and strict governance. High expenditures in smart substation deployment might add to the government's financial burden.

Geographically, the substation automation market in 2019 was dominated by North America. North America's dominant position may be attributed to various financial initiatives for electricity grid upgrading established by the US and Canadian governments. Governments in North America are also contributing funding to the deployment of new energy and power technology, which will aid the region's transition to smarter, stronger, and more efficient electric grid networks. The expansion of the substation automation market in North America is fueled by aging grid infrastructure and rigorous government laws requiring the use of sustainable power technologies.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics4.1. Market Drivers4.2. Market Restraints4.3. Porter's Five Forces Analysis4.3.1. Bargaining Power of Suppliers4.3.2. Bargaining Power of Buyers4.3.3. The Threat of New Entrants4.3.4. Threat of Substitutes4.3.5. Competitive Rivalry in the Function4.4. Function Value Chain Analysis

5. Global Substation Automation Market Analysis, By Module5.1. Introduction5.2. Communication Networks5.3. SCADA Systems5.4. Intelligent Electronic Devices

6. Global Substation Automation Market Analysis, By Offering6.1. Introduction6.2. Hardware6.2.1. Protective Relays6.2.2. Recloser Controllers6.2.3. Load Tap Changers6.2.4. Others6.3. Software6.4. Services

7. Global Substation Automation Market Analysis, By Installation Type7.1. Introduction7.2. Retrofit Installations7.3. New Installations

8. Global Substation Automation Market Analysis, By Industry8.1. Introduction8.2. Energy and Power8.3. Mining8.4. Travel and Transport8.5. Steel8.6. Oil and Gas

9. Global Substation Automation Market Analysis, By Communication Channel9.1. Introduction9.2. Ethernet9.3. Power line Communication9.4. Copper wire Communication9.5. Optical fiber Communication

10. Global Substation Automation Market Analysis, By Geography

11. Competitive Environment and Analysis11.1. Major Players and Strategy Analysis11.2. Emerging Players and Market Lucrativeness11.3. Mergers, Acquisitions, Agreements, and Collaborations11.4. Vendor Competitiveness Matrix

12. Company Profiles12.1. ABB12.2. General Electric12.3. Siemens AG12.4. NovaTech12.5. Cisco12.6. Toshiba Corporation12.7. Eaton Corporation12.8. Schweitzer Engineering Laboratories12.9. NovaTech Automation12.10. Cadillac Automation and Controls

For more information about this report visit https://www.researchandmarkets.com/r/nixdaz

Media Contact:

Research and Markets Laura Wood, Senior Manager [emailprotected]

For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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SOURCE Research and Markets

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Insights on the Substation Automation Global Market to 2026 - Featuring ABB, General Electric and Siemens Among Others - PRNewswire

Pandemic-driven disruptions have left the global supply chain in a deep crisis, but new technologies and approaches could help avert the next one.

Why it matters: The inability to get goods made and shipped is raising prices and dragging down the global economy.

Driving the news: U.S. GDP growth slowed to 2% in Q3 2021, a lower-than-expected number economists attributed to the Delta variant and supply chain problems.

Be smart: While the idea of a supply chain crisis can make it sound as if the global economy is experiencing a shipping deficit of some sort, in fact more goods than usual are flowing.

The catch: There's a reason companies embraced "just in time" rather than "just in case" strategies a dollar spent on banked inventory is a dollar that can't be invested elsewhere. Many goods, like fashion or high technology products, will also quickly lose value over time if stored in a warehouse as a hedge against logistics crises.

What's next: Since consumers are unlikely to abandon their desire for rapid shipping especially since the pandemic led to a boom in e-commerce one longer-term solution is to make the supply chain more efficient through automation and other technological advances.

By the numbers: Investors are paying attention a record $45.1 billion has been raised by industrial startups so far this year according to Pitchbook, compared to $34 billion for all of 2020.

The bottom line: The pandemic-related supply chain crunch won't always be with us, but further crises will recur unless we can fundamentally change how we get things from A to B.

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The supply chain of the future is (slowly) coming online - Axios

Estimated read time: 4-5 minutes

With the production and supply chain issues of the last year still plaguing various industries worldwide, costs are carrying a greater burden on businesses than ever before and, as a result, margins are extremely tight, leaving little room for human error.

Unfortunately, human error amounts to a staggering amount of costs for businesses. Dr. Tony Kern and David McKay of Risk Management Magazine estimate that more than $37 billion are lost each year due to human error. While these lapses in proficiency are usually from simple mistakes, they can become very expensive and cut into revenue and the business's overall health and success.

Fortunately, there are modern, robotic hyper-automation solutions to these problems that AppsTango says will enable you to run your business with less human dependency, increase productivity, and will save you $100,000 or more on the backend. Some Utah-based businesses are saving at least half a million dollars every year by automating hiring, finance, and other processes through AppsTango.

If you haven't implemented hyper-automation solutions for your business, not only are you dealing with more human errors than you should, but you're leaving a significant amount of money on the table.

Essentially a fancy word for a simple service, AppsTango describes hyper-automation as "the use of advanced technologies to automate any tasks and processes that can be automated in an organization," which are probably more common than you might assume.

Automating various processes in your organization can save you a lot of time, money, and frustration in reducing human error.

Each day, an employee spends approximately 30% of their time on repetitive tasks. Because of the mundane nature of such tasks, the repetition opens the gates to human errors being made.

As Anthony Macciola of Forbes writes, "...attention loss or fatigue can result in employees forgetting to complete tasks, sending documents to the wrong colleague or customer or typing mistakes that impact terms in a contract," among other errors.

The good news is that robotic process automation (RPA), artificial intelligence (AI), machine learning, and other process automation technologies increase productivity and margin. AppsTango's bots can do the same tasks that humans can but with greater speed and accuracy.

Some of these tasks include:

Automating any one of these processes will save your company and its employees time and money, and businesses are catching on. Just think of it: no more tedious number-crunching, sifting through piles of job applications, or sending out endless paperwork, emails, and forms, all the while saving money.

No wonder more businesses than ever are turning to RPA for their tedious tasks.

Forbes states that more businesses than ever are learning that leaving rules-based repetitive tasks to machines is significantly more cost-effective than having employees go through their tasks the old-fashioned way.

Growing at a rapid rate, Gartner expects the RPA market is set to reach nearly $2 billion in 2021 and continue to grow in double-digit figures through 2024.

So, how can you take advantage of RPA for your business?

If getting an RPA service for your company sounds interesting, look no further than AppsTango.

AppsTango is offering free licensing for the first year of their RPA platform "Process Bot," as well as free consultation and quotations for those who fill out a quiz on their website.

If you're not skilled at coding there's no need to worry. Process Bot is designed for business users with no coding experience or those who do not have web developers on staff. Offering in-house analytics that provides insights for return on investment and other important data, Process Bot is your one-stop-shop for your Robot Process Automation solutions.

Hyperautomation through RPA is the best way to avoid costly employee errors and costs and AppsTango will help guide you every step of the way.

To learn more, visit AppsTango.com.

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See how business owners are saving up to $100000 in costs with automation - KSL.com

Dublin, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The "Paint Process Automation Market by Offering, Purpose and Vertical and Type: Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global paint process automation market size was valued at $3.34 billion in 2020, and is projected to reach $9.22 billion by 2030, registering a CAGR of 11.7% from 2021 to 2030. Paint process automation is an advanced method of industrial painting processes. It includes usage of high-end machines and robots. It helps users to increase competitiveness, product quality, and workman safety.

Some of the prime drivers of the paint process automation industry are consistent painting results, cost-effective painting processes, and ability to meet industry-specific needs. These factors are estimated to propel the market growth rapidly during the forecast period. However, high installation cost acts as a major barrier for the paint process automation market growth. Contradictory, integration of advanced technologies with paint processes and its ability to meet sustainable goals create lucrative opportunities for the market growth during the forecast period.

The paint process automation market is segmented into offering, purpose, vertical, type, and region. On the basis of offering, it is fragmented into hardware, software, and services. The hardware is further sub-segmented into robots, controllers, atomizers, and others. The robot is again segmented into 4-axis, 6-axis, 7-axis, and others. Based on purpose, the market is segregated into interior and exterior. By vertical, the market is divided into automotive, aviation, agriculture, textile, furniture, pharmaceutical, electronics, construction, and others. By type, the market is divided into floor-mounted systems, wall-mounted systems, rail-mounted systems, and others. Region-wise, paint process automation market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The key players operating in the paint process automation market include ABB, CMA Robotics, DURR AG, Epistolio robot, FANUC AMERICA CORPORATION, Graco Inc., KAWASAKI HEAVY INDUSTRIES LTD., KUKA Aktiengesellschaft, Staubli International AG, YASKAWA ELECTRIC PTE LTD.

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Key Topics Covered:

Chapter 1: Introduction

CHAPTER 2: Executive summary

CHAPTER 3: MARKET OVERVIEW3.1. Market definition and scope3.2. Key forces shaping paint process automation market3.4. Market dynamics3.4.1. Drivers3.4.1.1. Paint process automation offers consistent results3.4.1.2. Cost-effective painting process3.4.1.3. Paint process automation meets industry-specific needs3.4.2. Restraint3.4.2.1. High installation cost3.4.3. Opportunities3.4.3.1. Integration of advanced technologies with painting robots3.4.3.2. Paint process automation is a step toward sustainability3.5. COVID-19 impact analysis on the paint process automation market3.5.1. Impact on market size3.5.2. End user trends, preferences, and budget impact3.5.3. Key player strategy3.5.3.1. Limited investments for R&D3.5.3.2. Focus on next-generation products3.5.3.3. Shift toward agile supply chain model3.5.4. Opportunity window due to COVID-19 outbreak3.5.5. Economic impact3.6. Market share analysis3.7. Value chain analysis3.8. Pricing analysis

CHAPTER 4: PAINT PROCESS AUTOMATION MARKET, By Offering4.1. Overview4.2. Hardware4.2.1. Key market trends, growth factors, and opportunities4.2.2. Robots4.2.2.1.4-axis4.2.2.2.6-axis4.2.2.3.7-axis4.2.2.4. Others4.2.3. Controllers4.2.4. Atomizers4.2.5. Others4.2.6. Market size and forecast, by region4.2.7. Market analysis, by country4.3. Software4.3.1. Key market trends, growth factors, and opportunities4.3.2. Market size and forecast, by region4.3.3. Market analysis, by country4.4. Services4.4.1. Key market trends, growth factors, and opportunities4.4.2. Market size and forecast, by region4.4.3. Market analysis, by country

CHAPTER 5: PAINT PROCESS AUTOMATION MARKET, By Purpose5.1. Overview5.2. Interior5.2.1. Key market trends, growth factors, and opportunities5.2.2. Market size and forecast, by region5.2.3. Market analysis, by country5.3. Exterior5.3.1. Key market trends, growth factors, and opportunities5.3.2. Market size and forecast, by region5.3.3. Market analysis, by country

CHAPTER 6: PAINT PROCESS AUTOMATION MARKET, By Vertical6.1. Overview6.2. Automotive6.2.1. Key market trends, growth factors, and opportunities6.2.2. Market size and forecast, by region6.2.3. Market analysis, by country6.3. Aviation6.3.1. Key market trends, growth factors, and opportunities6.3.2. Market size and forecast, by region6.3.3. Market analysis, by country6.4. Agriculture6.4.1. Key market trends, growth factors, and opportunities6.4.2. Market size and forecast, by region6.4.3. Market analysis, by country6.5. Textile6.5.1. Key market trends, growth factors, and opportunities6.5.2. Market size and forecast, by region6.5.3. Market analysis, by country6.6. Furniture6.6.1. Key market trends, growth factors, and opportunities6.6.2. Market size and forecast, by region6.6.3. Market analysis, by country6.7. Pharmaceutical6.7.1. Key market trends, growth factors, and opportunities6.7.2. Market size and forecast, by region6.7.3. Market analysis, by country6.8. Electronics6.8.1. Key market trends, growth factors, and opportunities6.8.2. Market size and forecast, by region6.8.3. Market analysis, by country6.9. Construction6.9.1. Key market trends, growth factors, and opportunities6.9.2. Market size and forecast, by region6.9.3. Market analysis, by country6.10. Others6.10.1. Key market trends, growth factors, and opportunities6.10.2. Market size and forecast, by region6.10.3. Market analysis, by country

CHAPTER 7: PAINT PROCESS AUTOMATION MARKET, By Type7.1. Overview7.2. Floor-mounted painting robots7.2.1. Key market trends, growth factors, and opportunities7.2.2. Market size and forecast, by region7.2.3. Market analysis, by country7.3. Wall-mounted painting robots7.3.1. Key market trends, growth factors, and opportunities7.3.2. Market size and forecast, by region7.3.3. Market analysis, by country7.4. Rail-mounted painting robots7.4.1. Key market trends, growth factors, and opportunities.7.4.2. Market size and forecast, by region7.4.3. Market analysis, by country7.5. Others7.5.1. Key market trends, growth factors, and opportunities7.5.2. Market size and forecast, by region7.5.3. Market analysis, by country

CHAPTER 8: PAINT PROCESS AUTOMATION MARKET, By Region

CHAPTER 9: COMPETITIVE LANDSCAPE9.1. Introduction9.1.1. Key player positioning, 20209.2. Competitive dashboard9.3. Competitive heatmap9.4. Product mapping9.5. Top winning strategies9.5.1. Top winning strategies, by year9.5.2. Top winning strategies, by development9.5.3. Top winning strategies, by company

CHAPTER 10: Company profiles10.1. ABB Ltd.10.1.1. Company overview10.1.2. Key executives10.1.3. Company snapshot10.1.4. Operating business segments10.1.5. Product portfolio10.1.6. R&D expenditure10.1.7. Business performance10.1.8. Key strategic moves and developments10.2. CMA Robotics Spa10.2.1. Company overview10.2.2. Key executives10.2.3. Company snapshot10.2.4. Operating business segments10.2.5. Product portfolio10.2.6. Business performance10.3. Durr AG10.3.1. Company overview10.3.2. Key executives10.3.3. Company snapshot10.3.4. Operating business segments10.3.5. Product portfolio10.3.6. R&D expenditure10.3.7. Business performance10.3.8. Key strategic moves and developments10.4. EPISTOLIO Srl10.4.1. Company overview10.4.2. Key executives10.4.3. Company snapshot10.4.4. Operating business segments10.4.5. Product portfolio10.4.6. Business performance10.5. FANUC Corporation10.5.1. Company overview10.5.2. Key executives10.5.3. Company snapshot10.5.4. Operating business segments10.5.5. Product portfolio10.5.6. Business performance10.5.7. Key strategic moves and developments10.6. Graco Inc.10.6.1. Company overview10.6.2. Key executives10.6.3. Company snapshot10.6.4. Operating business segments10.6.5. Product portfolio10.6.6. Business performance10.7. Kawasaki Heavy Industries, Ltd.10.7.1. Company overview10.7.2. Key executives10.7.3. Company snapshot10.7.4. Operating business segments10.7.5. Product portfolio10.7.6. R&D expenditure10.7.7. Business performance10.7.8. Key strategic moves and developments10.8. KUKA AG10.8.1. Company overview10.8.2. Key executives10.8.3. Company snapshot10.8.4. Operating business segments10.8.5. Product portfolio10.8.6. R&D expenditure10.8.7. Business performance10.8.8. Key strategic moves and developments10.9. Staubli International AG10.9.1. Company overview10.9.2. Key executives10.9.3. Company snapshot10.9.4. Operating business segments10.9.5. Product portfolio10.10. YASKAWA Electric Corporation10.10.1. Company overview10.10.2. Key executives10.10.3. Company snapshot10.10.4. Operating business segments10.10.5. Product portfolio10.10.6. R&D expenditure10.10.7. Business performance10.10.8. Key strategic moves and developments

For more information about this report visit https://www.researchandmarkets.com/r/i8rz67

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Insights on the Paint Process Automation Global Market to 2030 - Integration of Advanced Technologies With Painting Robots Presents Opportunities -...

DUBLIN, Oct. 27, 2021 /PRNewswire/ -- The "Paint Process Automation Market by Offering, Purpose and Vertical and Type: Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global paint process automation market size was valued at $3.34 billion in 2020, and is projected to reach $9.22 billion by 2030, registering a CAGR of 11.7% from 2021 to 2030. Paint process automation is an advanced method of industrial painting processes. It includes usage of high-end machines and robots. It helps users to increase competitiveness, product quality, and workman safety.

Some of the prime drivers of the paint process automation industry are consistent painting results, cost-effective painting processes, and ability to meet industry-specific needs. These factors are estimated to propel the market growth rapidly during the forecast period. However, high installation cost acts as a major barrier for the paint process automation market growth. Contradictory, integration of advanced technologies with paint processes and its ability to meet sustainable goals create lucrative opportunities for the market growth during the forecast period.

The paint process automation market is segmented into offering, purpose, vertical, type, and region. On the basis of offering, it is fragmented into hardware, software, and services. The hardware is further sub-segmented into robots, controllers, atomizers, and others. The robot is again segmented into 4-axis, 6-axis, 7-axis, and others. Based on purpose, the market is segregated into interior and exterior. By vertical, the market is divided into automotive, aviation, agriculture, textile, furniture, pharmaceutical, electronics, construction, and others. By type, the market is divided into floor-mounted systems, wall-mounted systems, rail-mounted systems, and others. Region-wise, paint process automation market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Key Topics Covered:

Chapter 1: Introduction

CHAPTER 2: Executive summary

CHAPTER 3: MARKET OVERVIEW3.1. Market definition and scope3.2. Key forces shaping paint process automation market3.4. Market dynamics3.4.1. Drivers3.4.1.1. Paint process automation offers consistent results3.4.1.2. Cost-effective painting process3.4.1.3. Paint process automation meets industry-specific needs3.4.2. Restraint3.4.2.1. High installation cost3.4.3. Opportunities3.4.3.1. Integration of advanced technologies with painting robots3.4.3.2. Paint process automation is a step toward sustainability3.5. COVID-19 impact analysis on the paint process automation market3.5.1. Impact on market size3.5.2. End user trends, preferences, and budget impact3.5.3. Key player strategy3.5.3.1. Limited investments for R&D3.5.3.2. Focus on next-generation products3.5.3.3. Shift toward agile supply chain model3.5.4. Opportunity window due to COVID-19 outbreak3.5.5. Economic impact3.6. Market share analysis3.7. Value chain analysis3.8. Pricing analysis

CHAPTER 4: PAINT PROCESS AUTOMATION MARKET, By Offering4.1. Overview4.2. Hardware4.2.1. Key market trends, growth factors, and opportunities4.2.2. Robots4.2.2.1.4-axis4.2.2.2.6-axis4.2.2.3.7-axis4.2.2.4. Others4.2.3. Controllers4.2.4. Atomizers4.2.5. Others4.2.6. Market size and forecast, by region4.2.7. Market analysis, by country4.3. Software4.3.1. Key market trends, growth factors, and opportunities4.3.2. Market size and forecast, by region4.3.3. Market analysis, by country4.4. Services4.4.1. Key market trends, growth factors, and opportunities4.4.2. Market size and forecast, by region4.4.3. Market analysis, by country

CHAPTER 5: PAINT PROCESS AUTOMATION MARKET, By Purpose5.1. Overview5.2. Interior5.2.1. Key market trends, growth factors, and opportunities5.2.2. Market size and forecast, by region5.2.3. Market analysis, by country5.3. Exterior5.3.1. Key market trends, growth factors, and opportunities5.3.2. Market size and forecast, by region5.3.3. Market analysis, by country

CHAPTER 6: PAINT PROCESS AUTOMATION MARKET, By Vertical6.1. Overview6.2. Automotive6.2.1. Key market trends, growth factors, and opportunities6.2.2. Market size and forecast, by region6.2.3. Market analysis, by country6.3. Aviation6.3.1. Key market trends, growth factors, and opportunities6.3.2. Market size and forecast, by region6.3.3. Market analysis, by country6.4. Agriculture6.4.1. Key market trends, growth factors, and opportunities6.4.2. Market size and forecast, by region6.4.3. Market analysis, by country6.5. Textile6.5.1. Key market trends, growth factors, and opportunities6.5.2. Market size and forecast, by region6.5.3. Market analysis, by country6.6. Furniture6.6.1. Key market trends, growth factors, and opportunities6.6.2. Market size and forecast, by region6.6.3. Market analysis, by country6.7. Pharmaceutical6.7.1. Key market trends, growth factors, and opportunities6.7.2. Market size and forecast, by region6.7.3. Market analysis, by country6.8. Electronics6.8.1. Key market trends, growth factors, and opportunities6.8.2. Market size and forecast, by region6.8.3. Market analysis, by country6.9. Construction6.9.1. Key market trends, growth factors, and opportunities6.9.2. Market size and forecast, by region6.9.3. Market analysis, by country6.10. Others6.10.1. Key market trends, growth factors, and opportunities6.10.2. Market size and forecast, by region6.10.3. Market analysis, by country

CHAPTER 7: PAINT PROCESS AUTOMATION MARKET, By Type7.1. Overview7.2. Floor-mounted painting robots7.2.1. Key market trends, growth factors, and opportunities7.2.2. Market size and forecast, by region7.2.3. Market analysis, by country7.3. Wall-mounted painting robots7.3.1. Key market trends, growth factors, and opportunities7.3.2. Market size and forecast, by region7.3.3. Market analysis, by country7.4. Rail-mounted painting robots7.4.1. Key market trends, growth factors, and opportunities.7.4.2. Market size and forecast, by region7.4.3. Market analysis, by country7.5. Others7.5.1. Key market trends, growth factors, and opportunities7.5.2. Market size and forecast, by region7.5.3. Market analysis, by country

CHAPTER 8: PAINT PROCESS AUTOMATION MARKET, By Region

CHAPTER 9: COMPETITIVE LANDSCAPE9.1. Introduction9.1.1. Key player positioning, 20209.2. Competitive dashboard9.3. Competitive heatmap9.4. Product mapping9.5. Top winning strategies9.5.1. Top winning strategies, by year9.5.2. Top winning strategies, by development9.5.3. Top winning strategies, by company

CHAPTER 10: Company profiles10.1. ABB Ltd.10.1.1. Company overview10.1.2. Key executives10.1.3. Company snapshot10.1.4. Operating business segments10.1.5. Product portfolio10.1.6. R&D expenditure10.1.7. Business performance10.1.8. Key strategic moves and developments10.2. CMA Robotics Spa10.2.1. Company overview10.2.2. Key executives10.2.3. Company snapshot10.2.4. Operating business segments10.2.5. Product portfolio10.2.6. Business performance10.3. Durr AG10.3.1. Company overview10.3.2. Key executives10.3.3. Company snapshot10.3.4. Operating business segments10.3.5. Product portfolio10.3.6. R&D expenditure10.3.7. Business performance10.3.8. Key strategic moves and developments10.4. EPISTOLIO Srl10.4.1. Company overview10.4.2. Key executives10.4.3. Company snapshot10.4.4. Operating business segments10.4.5. Product portfolio10.4.6. Business performance10.5. FANUC Corporation10.5.1. Company overview10.5.2. Key executives10.5.3. Company snapshot10.5.4. Operating business segments10.5.5. Product portfolio10.5.6. Business performance10.5.7. Key strategic moves and developments10.6. Graco Inc.10.6.1. Company overview10.6.2. Key executives10.6.3. Company snapshot10.6.4. Operating business segments10.6.5. Product portfolio10.6.6. Business performance10.7. Kawasaki Heavy Industries, Ltd.10.7.1. Company overview10.7.2. Key executives10.7.3. Company snapshot10.7.4. Operating business segments10.7.5. Product portfolio10.7.6. R&D expenditure10.7.7. Business performance10.7.8. Key strategic moves and developments10.8. KUKA AG10.8.1. Company overview10.8.2. Key executives10.8.3. Company snapshot10.8.4. Operating business segments10.8.5. Product portfolio10.8.6. R&D expenditure10.8.7. Business performance10.8.8. Key strategic moves and developments10.9. Staubli International AG10.9.1. Company overview10.9.2. Key executives10.9.3. Company snapshot10.9.4. Operating business segments10.9.5. Product portfolio10.10. YASKAWA Electric Corporation10.10.1. Company overview10.10.2. Key executives10.10.3. Company snapshot10.10.4. Operating business segments10.10.5. Product portfolio10.10.6. R&D expenditure10.10.7. Business performance10.10.8. Key strategic moves and developments

For more information about this report visit https://www.researchandmarkets.com/r/z7dspv

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The Worldwide Paint Process Automation Industry is Expected to Reach $9.22 Billion by 2030 - PRNewswire

A typical enterprise grapples with hundreds or thousands of agreements, contracts and other legal documents every year, and it usually engages costly legal counsel either inside or outside the company to assess those documents on their behalf. Now, a startup called InCloudCounsel that is part RPA and part BPO it has built tools to both automate and, in some cases, outsource this work is announcing a Series B round of $200 million, money that it will be using to meet demand for its services.

Alongside this, the startup is rebranding to Ontra signifying getting to the heart of contracts, according to the startups CEO and founder Troy Pospisil.

The round is being led by Blackstone Growth (the growth equity business of the investment giant), with previous backer Battery Ventures and board member Mike Paulus (who previously ran and sold Assurance IQ to Prudential, and before that was an investor with Andreessen Horowitz). Valuation is not being disclosed, but prior to this, in July 2019, the company raised $40 million in a round led by Battery a sum that had previously been undisclosed until today.

The company is not talking about its valuation, but as a marker of what kinds of companies Ontra is targeting and working with, Blackstone is a strategic and financial investor in this round: Blackstone MD Paul Morrissey tells me that the firm is a strong user of Ontras tech to filter through thousands of NDAs and other contracts that it issues and receives every year, where the technology uses AI techniques like NLP to essentially guard Blackstones interests, scanning documents for items that are unusual or might need modifying ahead of being signed, and then passing on those documents to human lawyers for final checks. In all, Ontra is processing some 20,000 NDAs monthly at the moment.

Pospisil said he first came up with the idea for Ontra when he was working as an investment specialist at HIG Capital, where he saw how the need to triage large volumes of contracts would slow down deals and other important transactions that the company was making. HIG would have a large legal counsel on board to handle work, but even so it needed to rely on outside organizations to complement and supplement that.

Even simple contracts needed to be recorded and catalogued, he recalled. We would send these to a law firm, or we might staff up a team, but no one was using any technology to track what they were doing. There was no visibility into what is where, whether data is lost in the process. This coveredlong, complex agreements; important contracts and credit agreements, he said. All these were incredibly complicated.

It was 2014, and he was living in San Francisco and seeing a lot of interesting business models such as Ubers emerging that gave him an idea to, in his words, combine tech and a labor model to solve the problem.

Ontras approach thus encompasses two parts. First, tapping into innovations were happening in the wider world of document management processing, it uses natural language and other algorithmic techniques to speed up the processing of large amounts of documentation faster and more efficiently than a human might do it. You might think of this as akin to a kind of very specialized version of robotic process automation.

That document processing work, in turn, is then handed over to the second part of the Ontra platform, its crowdsourced network of lawyers. Essentially, following the Uber and others model of bringing in gig workers to handle jobs on demand, Ontra has amassed a team of legal professionals typically corporate lawyers who either provide some hours to Ontra in a side-gig if they are not already working full time, or in some cases as a small way to earn money using their skill at a time when they may be doing something else (or, not working at all). Pospisil said that in cases where a company might have their own in-house teams, they might also use Ontra just for the processing side to expedite work, but as a general rule, customers are taking the full package.

This is like payroll, he said. You dont want to be doing it internally if its not strategically important to what you want to be doing as a business.

Ontra interestingly has not yet come up against legal firms that might see it as competition.

We were a little worried that we would be considered competition to the law firms, but they really like us, he said. They dont want to be doing this work, either. They are focusing on larger M&A transactions and supporting the company. The world has this weird idea that legal work always needs to be sent to a law firm, but its not always efficient to do that, and lawyers are too expensive to do that. Its not right-sized.

Morrissey at Blackstone believes that the future lies in continuing to pursue the two sides of the business model, with the lawyer network an important complement to what is at heart a tech company, with more software being added all the time.

Its hard to underestimate the tech they have built, he said, which is partly there in aid of making its network of lawyers much more efficient. It means Ontra is also improving the workflow for them, with analytics that essentially say focus on this and not other things in a contract. The company also offers a full invoicing platform for the legal market, he said, similar to the piece Uber has built for consumers so that drivers get paid and dont have to worry about anything else.

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InCloudCounsel raises $200M, rebrands as Ontra to expand its automation tools for contract management - TechCrunch

The trend toward automation predates the COVID-19 pandemic but has accelerated in recent months as enterprises looked for ways to limit in-person professional interactions, improve processes with work-at-home mandates, and increase efficiency to face the economic crisis.

Given the proven potential of automation to improve business outcomes, it is likely to continue to expand and establish itself as a must-have boardroom conversation, according to Irving L. Dennis (pictured, left), retired Ernst & Young Global Ltd. partner and former chief financial officer of the U.S. Department of Housing and Urban Development.

The way I think of it from a boards conversation is if a company doesntthink of itself as a technology company in all aspects, no matter what you do,you are a technology company or you need to be, he said. And if youre not thinking along that way, youre going to lose market share and youre going to start falling behind your competitors.

Dennis and James Matcher (pictured, right), consulting principal, Americas intelligent automation leader, at EY, spoke with Dave Vellante and Lisa Martin, co-host of theCUBE, SiliconANGLE Medias livestreaming studio, during UiPaths Forward IV conference. They discussed how automation has become a major enabler for business to achieve their strategic ambitions, why it is important to make intelligent automation a board-level narrative, and the beneficial impact of board-level support. (* Disclosure below.)

While gaining the attention of companies, automation itself is undergoing a transformation. It has evolved from generation one, which was a very robotic process automation-centrictype of automation, to generation two, which is the combined integration of multiple technologies targeting internal process, according to Matcher. Now, its reached generation three, where the technology has started to spread through the organization.

The ability to be able to look at processes more deeply toautomate them in an end-to-end process, collectively, and use these different technologies in a synergisticmanner truly becomes powerful, because it shifts the narrative from a microprocess agenda into more systemic area, Matcher explained.

How organizations keep pace with this evolution varies widely by industry. While the private sector is between generations two and three, governments are behind in this process by about three or four years, according to Dennis.

Even within the private sector, theres plenty of room to drive innovation, which is why its important to make intelligent automation a board-level narrative.

I would personally put it in enterprise risk management from a standpoint that if youre notfocused on it, its going to be a risk to the enterprise, Dennis concluded.

Watch the complete video interview below, and be sure to check out more of SiliconANGLEs and theCUBEs coverage of during UiPaths Forward IV conference. (* Disclosure: TheCUBE is a paid media partner for the UiPaths Forward IV conference. Neither UiPath Inc., the sponsor for theCUBEs event coverage, nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)

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Automation becomes a board imperative to drive business efficiency and innovation - SiliconANGLE News

LONDON--(BUSINESS WIRE)--Ryan, a leading global tax services and software provider, today announced it has entered into a partnership with Alteryx, Inc. (NYSE: AYX), the Analytics Automation company, improving its ability to deliver complex and innovative tax data transformation and automation solutions to clients. The partnership further enhances Ryans ability delivering technology-enabled transformation, helping clients around the globe improve business outcomes by transforming day-to-day manual tax processes into powerfully simple, automated solutions.

Under the partnership, Ryan and Alteryx will work together offering bespoke tax transformation services, bringing together the power and flexibility of the Alteryx Platform with Ryans market-leading tax, transformation, and automation skills. Clients will benefit from Ryans deep knowledge and expertise of how Alteryx is best used alongside other existing systems. Continuing Ryans mission to be its clients single tax transformation partner, the alliance with Alteryx brings together an innovative code-free and code-friendly, self-service data analytics and process automation platform with industry leading, hands-on tax transformation delivery experts.

Understanding that tax functions need to digitise and modernise their tax processes is only the first step. The key challenge is figuring out how to get started and how to integrate change into current tax workflows, said Andrew Burman, Ryan Principal, Tax Technology. With the Alteryx partnership, our clients have full flexibility on pace and scope of how they can embark on their tax transformation journey with Ryan.

We recognise Ryans strong reputation and proven success providing innovative tax transformation projects to high-profile organisations, and we value these traits in a partner, said Barb Huelskamp, Senior Vice President, Global Partners and Alliances of Alteryx. Financial and tax operations across the globe are increasingly leveraging analytics and automation to deliver business breakthroughs, and weve seen this area grow as a key driver of interest in Alteryx. We are excited to work with a market-leading partner such as Ryan, combining their knowledge with the Alteryx Platform helping our customers deliver ground-breaking tax transformations on a global scale.

Improving the efficiency and effectiveness of our clients people, processes, data, and systems to transform their tax function into a best practice environment is our main objective, said Jon C. Sweet, Ryan President of European and Asia-Pacific Operations. Ryan has always had a flexible approach, delivering custom solutions to meet our clients needs without incurring audit independence issues, and this new partnership with Alteryx clearly provides additional value to Ryans services, while maximising the value we deliver to our clients.

About Alteryx

Alteryx, the Analytics Automation company, is focused on enabling every person to transform data into a breakthrough. Alteryx unifies analytics, data science, and business process automation in one, end-to-end platform to accelerate digital transformation and shape the future of analytic process automation (APA). Organisations of all sizes, all over the world, rely on Alteryx to deliver high-impact business outcomes and the rapid upskilling of their modern workforce. For more information, visit http://www.alteryx.com. Alteryx is a registered trademark of Alteryx, Inc. All other product and brand names may be trademarks or registered trademarks of their respective owners.

About Ryan

Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. The Firm provides an integrated suite of international tax services on a multijurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is a nine-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognised as the most innovative in the tax services industry, Ryans multidisciplinary team of more than 3,100 professionals and associates serves over 18,000 clients in more than 60 countries, including many of the worlds most prominent Global 5000 companies. More information about Ryan can be found at ryan.com/europe. Ryan and Firm refer to the global organisational network and may refer to one or more of the member firms of Ryan International, each of which is a separate legal entity.

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Ryan and Alteryx Enter Partnership to Enhance Tax Function Automation - Business Wire