Daily Archives: August 4, 2022

CHICAGO--(BUSINESS WIRE)--Thoughtful Automation today announced that it has shortened its name to Thoughtful. This signals that Thoughtfuls long-term vision is broader than automation, and it is committed to improving work environments by providing a solution that strengthens businesses, prevents employee burnout and makes creativity part of daily work.

Thoughtful customers use the companys cost-effective, efficient and scalable automation-as-a-service platform to launch digital workers in a matter of weeks. This provides mid-sized companies with the opportunity to benefit from a digitally-augmented team. Digital workers, a future cornerstone of how we will work, can free up peoples time and enable companies to control costs, address remote work challenges and overcome hiring struggles.

We are at a critical juncture in human history in which time and attention are at a massive deficit, said Alex Zekoff, co-founder and CEO of Thoughtful. To solve higher-order problems, we need to buy back time for people, so that they have greater opportunities to be creative. Shortening our name is a small but important change to advance our mission to build the worlds largest digital workforce and give people time to pursue more meaningful, higher-value work, while enabling the global developer community to expedite this transformation.

Zekoff added, Automation and AI are mission-critical solutions that will help humanity to reach the next stage of global economic advancement and Thoughtful is at the forefront.

About Thoughtful

Thoughtful is the only automation-as-a-service provider with cost-effective, efficient and scalable business automation solutions purpose-built for mid-market companies. Its intelligent automation technology and cloud-based digital management platform provides everything middle market businesses need to customize, implement and continuously monitor and optimize digital workers. Thoughtfuls digital management platform allows businesses to launch digital workers in a matter of weeks at a fraction of the cost. To learn more, follow Thoughtful on LinkedIn, Twitter or YouTube or visit http://www.thoughtful.ai.

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Thoughtful Automation Shortens Its Name to Thoughtful, Explaining That Automation Is Just Part of Its Value - Business Wire

The Department of Veterans Affairs is overseeing a program to comprehensively modernize the delivery of its GI Bill benefits.

Initially launched in 2021, the Digital GI Bill (DGIB) aims to integrate all GI Bill benefits through a single online portal designed to streamline the experience and improve access.

One of VAs broader goals in modernizing its services has been the comprehensive integration of data within services that either automate their delivery or greatly expedite the delivery of critical services. This has been a special priority within the Veteran Benefits Administration, whose technology leadership has worked to integrate data from service records and other sources into the automatic processing of benefits claims.

This has radically expedited the delivery of due compensation, with the integration of digital data sources allowing VA adjudicators to quickly ascertain the validity of a claim whether for disability compensation or a home loan.

The DGIB incorporates its own version of this process, with its technology leadership working to incorporate data from Defense Department service records in order to automatically validate a veterans earned GI Bill benefits.

This represents a marked departure from the longstanding method of having to sort through paper records in order to find requisite information, a process that could take months to complete. As a result, the DGIB has allowed VA to automate these claims and radically expedite benefits delivery.

Due to some changes in some business rules due to a lot of like key integration points, we have actually been able to boost our supplemental automation up to about 50-57%. So it definitely holds steady above 50%, we've even touched some months as high as 62%," said DGIB Supervisory IT Program Manager Riley Ross.

Rather than the more fragmented approach to claims processing and software integration that was the previous model for VA services, the DGIB brings together the management of education benefits within a single interface.

Like many other government organizations, [our services] were paper driven and sort of long and arduous. Prior to 2008 or so, we processed claims in a highly manual workflow where we had to touch about 11 different computer applications to just process a claim, Ross said.

This process has provided benefits for both veterans and the VA workforce, particularly in decreasing the time and personal demands needed to allocate requested educational benefits. This approach to service automation has saved VA adjudicators the trouble of manually sorting through multiple service records, allowing them to more quickly and easily process claims.

"Veterans could potentially, especially if they're a reservist, have moved through multiple periods of active-duty service. It's possible that each of those service periods has a different character of service to it. So I'm writing the rules to reflect education benefits used over inactive periods of service so as to not to get super complicated, Ross said.

These automation efforts have been coupled with a focus on greater communication with veterans and familial beneficiaries, including offering multiple points of contact and benefit confirmation with VA providers themselves.

We started utilizing text messages in 2020 througha small pilot program, and it had an incredible opt-in rate of above 90%," Ross said. "So we rolled that out and then expanded that use case last year and have had a ton of success with it. Instead of just wanting to use text messages, most of them are also open to confirming through email. So we're doing a ton with email, letting people know what benefits they're entitled to, what our benefits decisions are, checking in, making sure they're still attending classes so that we can continue to pay out those benefits."

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GI Bill Gets Digitization and Automation Improvements - GovernmentCIO Media & Research

SAN FRANCISCO--(BUSINESS WIRE)--Fathom, the leader in AI medical coding automation, announced it is delivering the industrys highest automation rates based on results at hundreds of clients across the country. The companys medical coding automation platform is the first to achieve >95% live coding for emergency department encounters. With support for over 1,000 emergency departments nationwide, some emergency facilities using Fathom see automation rates as high as 96%. This automation performance is 2-3x higher than any other automation vendor and leads to unparalleled savings. In addition, the company announced that its system delivers on average for clients a 96.8% accuracy rate and 1.22% increase in RVU capture for E&M codes as evaluated by client auditors.

This milestone is a significant achievement for Fathom, but more important for the healthcare community as it faces unprecedented staffing challenges, said Andrew Lockhart, Fathom CEO. This level of coding automation allows us to deliver significantly higher accuracy, immediate cost savings, and ultimately, faster reimbursements for our clients compared to any RCM vendor or technology provider. Essentially, the Fathom platform is the only automated coding solution that can autonomously code nearly every emergency department chart and generate the scale needed to provide an organization with unprecedented financial performance improvement.

Health systems, urgent care centers, physician groups, and revenue cycle professionals are experiencing unforeseen challenges in Revenue Cycle Management (RCM) due to staffing shortages, complex and changing code sets, and new regulations. These challenges often result in staffing shortages, high costs, and denials, which can go undisputed without trained coders.

The Fathom platform is the most powerful and scalable way to provide coding support to RCM professionals. The platform helps lower costs, remove inefficiencies, shorten the billing cycle payment, and reduce denials. And it frees coding experts to focus on complex challenges and successfully resolve disputes.

About Fathom

Fathom, headquartered in San Francisco, CA, is the nations leading medical coding automation platform, an AI solution that fuses the best of deep learning and Natural Language Processing (NLP) to automate medical coding with unprecedented accuracy and efficiency. Fathom supports some of the largest healthcare revenue cycle operations in the United States that account for nearly 60M patient encounters annually. Fathom provides the highest automation rates and the broadest specialty coverage to help clients increase speed and accuracy while reducing costs.

The company is backed by world-class investors, including Tarsadia, 8VC, Founders Fund, and Stanford. For more information, visit fathomhealth.com, or follow the company on LinkedIn.

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Fathom Sets Highest Industry Automation Rate With 96% Live Coding Automation For Emergency Departments - Business Wire

BOSTON--(BUSINESS WIRE)--Teikametrics, the leading optimization platform for sellers on Amazon and Walmart, today announced that its flagship product, Flywheel 2.0, now automatically optimizes keyword targets across multiple marketplaces.

The top online marketplaces in the world sold $3.23 trillion in goods in 2021, and the competition to get on the coveted first page of results in those marketplaces is increasing. Brands can run ads across multiple marketplaces (Amazon, Walmart, Target and more) to gain a competitive advantage, but managing effective keywords and bids simultaneously can quickly become overwhelming.

Flywheel 2.0 delivers the only AI targeting algorithm that automatically harvests top-performing keywords across a sellers marketplaces then applies them everywhere the sellers products appear. The automation solution dramatically increases the volume of performing keyword targets, which is especially important when launching a new marketplace, and continues to optimize performance holistically across sellers marketplaces dynamically.

Sellers are looking to diversify across multiple marketplaces, but optimizing advertising on more than one marketplace at the same time adds complexity, said Alasdair McLean-Foreman, CEO and founder of Teikametrics. Our new AI-powered algorithm in Flywheel 2.0 solves for this by dynamically using the sellers best-performing keywords across multiple marketplaces. As a result, were giving multi-channel sellers a big competitive advantage, especially for those launching on new channels like Walmart.

Flywheel 2.0 is available to try risk-free via a free trial (no credit card required). Sellers with less than $10,000 per month in sales can use Flywheel 2.0 completely free.

Multi-Channel Marketplace Acceleration via Walmart With Flywheel 2.0

Teikametrics is the leading AI-optimization platform for Walmart, the fastest-growing marketplace in North America. Thousands of Amazon sellers have diversified by adding their products to Walmart, and Flywheel 2.0 helps accelerate their business on this new channel.

Leading organic foods brand BetterBody Foods worked with Teikametrics and improved total sales on Walmart.com by 38x by increasing advertising by 5x while increasing return on ad spend (ROAS) by 6x.

Along with cross-marketplace insights, Flywheel 2.0 offers detailed metrics, including product-level sales, advertising, and profitability, allowing sellers to visualize data that can diagnose inefficiencies and uncover growth opportunities.

To learn more about how Flywheel 2.0 saves sellers time and removes complexity by completely automating product-first, full-funnel advertising, visit teikametrics.com/flywheel.

About Teikametrics

Teikametrics AI-powered Marketplace Optimization Platform helps sellers and brand owners maximize their potential on the worlds most valuable marketplaces. Founded in 2015, Teikametrics uses proprietary AI technology to maximize profitability in a simple SaaS interface. Teikametrics optimizes more than $8 billion in GMV across thousands of sellers around the world, with brands including Munchkin, mDesign, Clarks, Nutribullet, Conair, Nutrafol, and Solo Stove trusting Teikametrics to unlock the full potential of their selling and advertising on Amazon, Walmart, and other marketplaces.

For more information, please visit: http://www.teikametrics.com.

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Teikametrics' Marketplace Optimization Platform, Flywheel 2.0, Adds AI-Powered Automation to Maximize Advertising Performance Across Marketplaces -...

You can work toward network automation!

Businesses worldwide are looking to leverage technology to improve daily operations. Additionally, companies have more users and use cases. As a result, enterprise networking is getting convoluted. This increasing network complexity hinders growth and affects businesses. So what is the solution? Network automation! Automation allows you to automate manual, cumbersome tasks in networking. It also helps in standardizing the network structure. Finally, automation will help build a more reliable enterprise network.

In this article, Ill be walking you through network automation. Ill also show you how it works and what benefits it provides your business. Youll also learn some best practices for automation. Finally, youll see the top vendors to consider when automating your network.

But first, lets find out more about network automation.

Network automation is the process of using software to manage network resources and services. You can achieve network automation through a software-defined network (SDN). An SDN introduces network virtualization capabilities. This makes it easy to automate and control the networks.

Network automation also can help you configure, test, deploy, and operate components in your network. Since enterprise networks are becoming more complex, network automation tools are gaining traction. Here are some of the things these tools can do:

To better understand what network automation is, lets look at how it works.

Generally, you automate networks with programmable logic on the devices command line interface (CLI). This way, the nodes can dynamically perform automated actions. These include network filtering, port controlling, bandwidth control, etc.

However, this method isnt scalable. It also limits the scope of automation as it needs to be done on a per device basis. As a result, most modern networking infrastructures offer a centralized control panel. This panel will connect all the networking devices within the network.

Network administrators or programmers can create programmable logic and scripts. This way, they can control and automate your network. To do this, they can use the devices CLI or graphical UI. Alternatively, admins can rely on external systems or automation tools. After that, programmers can execute these scripts using the CLI or API.

Automation tools and services can help you automate several everyday networking tasks. For instance, they can help you analyze and predict bandwidth usage. Automation will also help you with network inventory management and dynamic provisioning. Youll also be able to backup and change configurations across your business. Finally, network automation tools can help you remotely control access points and ports.

Now that you understand how network automation works, lets look at some of its benefits.

Generally, growing companies cant manage and scale their infrastructure easily. But network automation helps you overcome this challenge. In turn, youll also improve your overall efficiency. Lets take a more detailed look at the benefits of network automation:

You should follow some best practices to harness the benefits of network automation. Lets take a look at those now.

Network automation tools and services use software abstraction. They connect networking devices and nodes. This way, they give you an easy-to-control network management workflow. Here are some best practices you can adopt to get the most out of network automation:

Often, companies arent attentive when selecting a network automation vendor. This is a huge mistake. Before you start choosing a vendor, know what you need to automate in your network. This will help you narrow down your search list for the vendor. Itll also help you save costs.

The industry faces several challenges with the network automation skill gap. In fact, programming experience is lacking. Network scripting also has a steep learning curve. Did you know that only 3% of networking teams know how to perform automation tasks? So, choosing a service that allows low-code network automation could prove to be very beneficial. This will eliminate the dependency associated with certain employees. Low-code network automation will also limit human errors.

Often, network architectures include solutions from many vendors. This means you should design a vendor-agnostic network orchestration. This mitigates the overhead associated with fixing errors or making changes to your network. Alternatively, you can find and deploy automation tools that support different vendors. This way, you can implement a true single view multi-vendor support.

Its important to choose a service that integrates directly with external systems. For instance, integration with ELK and ServiceNow helps with log management and incident reporting. If your service has broad API integration support, you can streamline your business operations. Youll be more flexible and youll use external tools to fit your needs.

If you automate configuration, youll ensure consistency across all your applications. Youll also mitigate human errors. This enables your network admins to convert the configuration into software code. In turn, you can build a single source of truth for all configurations across your organization.

Next, lets take a look at some of the industrys most commonly used network automation tools.

You must choose a network automation tool that meets your businesss modern-day requirements. Your tool should follow the best practices mentioned above. To help you with your choice, Ive compiled the top 3 network automation tools:

GFIs Exinda is a reliable and feature-packed network orchestrator. This tool can provide complete visibility and control over your networks resources, performance, and security. Exinda also gives you real-time network monitoring. This can help you improve the service quality of your networking services and applications.

Exinda also offers easy-to-use dashboards so you can better identify the network use, performance issues, bottlenecks, and more. You can use Exinda to automate your network management. Finally, this tool can help you orchestrate bandwidth usage and scalability to improve application performance.

GFI Exinda doesnt have fixed pricing. That said, you can choose either the Basic or Premium plans. Ultimately, the cost depends on your network.

SolarWinds NCM is yet another reliable network configuration tool. It can enable you to automate your organizational network. Also, SolarWinds NCM gives you control over all components and bandwidth usage. It also provides policy-based configuration. This means all the devices on your network will follow your company strategies.

SolarWinds NCM has many features. For instance, it offers network compliance and automation. Youll also get smart vulnerability assessments. Finally, the NCM supports integration with network performance monitoring.

SolarWinds NCM starts at $1,738 per processor. You also can get a custom quote depending on your network and the number of processors you wish to automate.

VMware NSX is a network security and virtualization tool. It provides a software-defined approach to managing and configuring organizational networks. VMware NSX also offers a centralized dashboard. This way, you can easily manage all your distributed networks as a single entity. Finally, VMware NSX allows you to perform network and micro-segmentation of individual workloads. This will give you granular control and security.

VMWare NSX Standard per network processor starts at $1,995.

Automation is key to success in todays contemporary IT world. In fact, automation can help you scale faster while saving on costs. It also lets you improve your systems efficiency. Network automation can help simplify your network management.

Now that you understand the many benefits of network automation, you can finally choose an automation tool for your business. You should follow the best practices I discussed before selecting your vendor. This way, you can reap all the benefits of network automation.

Do you have more questions about network automation or its applications? Check out the FAQ and Resources below!

A software-defined network (SDN) is a networking technology. It uses software systems to design, deploy, manage, and configure enterprise networks. SDN allows organizations to intelligently and centrally control their entire network. That includes network peripherals and bandwidth usage.

Command Line Interface (CLI) is a text-based user interface. You can use it to develop, run, manage, and control software systems, tools, and applications. You also can use CLI to automate your network. To do this, you deploy scripts and automation tasks.

An application programming interface (API) establishes communication between different systems. An API is an intermediary that allows software systems to request and access information. You can access several network automation tools and services using APIs.

Network orchestration is a process where a network controller helps achieve business objectives. The controller may design the network. Itll also set up network peripherals and devices, applications, and services. You can leverage network orchestration to automate enterprise networks.

Network automation is domain and industry-agnostic. This means its applicable in all industries that require networking. These include Information Technology, manufacturing, service-based industries, banking, and cloud services.

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Learn more about enterprise networking here.

Discover more about top network automation tools and their pros and cons.

Learn more about network observability to better understand your network.

Learn more about network segmentation.

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What Is Network Automation and How Can You Use It to Manage Your Resources? - TechGenix

August 3, 2022Alex Woodie

Improving cybersecurity continues to be the number one overall priority for IT teams at midsize companies going into the second half of the year, but automation and cloud migrations are not too far behind, according to a recent study from Kaseya. Legacy concerns also are viewed as a drag on productivity.

Kaseya last month published its 2022 IT Operations Report, in which it surveyed 1,877 IT professionals from around the world in April to learn about the top priorities and challenges where they work. The company surveyed only employees at organizations with fewer than 3,000 employees, which is Kaseyas cut-off for the midsize customer that it aims to serve.

The top priority in the survey was improving IT security overall, which was identified by 52 percent of the survey-takers as their top priority. That was followed by increasing IT productivity through automation with a 33 percent share, and migrating to the cloud at 32 percent (survey-takers were allowed to select multiple items, which results in the figures not adding up to 100).

The IT management and security software provider also queried users about the challenges faced by IT shops. Cybersecurity and data protection was identified as the top challenge by 49 percent of the survey-takers, while insufficient IT budgets and resources to meet demands was number two at 29 percent, and legacy systems that hamper growth and innovation came in third at 21 percent.

Security and data protection is the number one concern of midsize IT shops in Kaseyas 2022 IT Operations Study.

Budgets for IT security projects will go up at 53 percent of the organizations it surveyed, according to Kaseya, which is a strong indicator that security continues to be a priority. As we anticipated, cybersecurity and safeguarding data continues to be the number one challenge for IT professionals Kaseya Chief Strategy Officer Mike Puglia stated in a press release.

While Kaseya doesnt target the IBM i customer base, the companys report echoes the findings of surveys in the IBM i community, which find that security continues to be a strong priority in the midrange. For instance, security was identified as the top priority in HelpSystems 2022 Marketplace Survey, the fifth straight year that security held that position.

Kaseyas survey also found that 48 percent of respondents are planning to invest in automation technologies in 2023, while 40 percent stated their intent to update outdated IT infrastructure this year, according to Kaseya.

Automating repetitive, everyday tasks helps organizations reduce operating costs by allowing a smaller team of technicians to manage a larger IT environment with fewer resources, the company states in its report. The result is a higher endpoint-to-technician ratio.

The ability for tools to integrate with other tools is also increasingly an important factor in buying decisions. According to Kaseyas survey, 30 percent of respondents stated that integration was a critical factor, after price (cited by 55 percent respondents) and functionality (cited by 50 percent).

You can download Kaseyas complete 2022 IT Operations Report here.

Glimpsing Hope in the IBM i Security Situation

Security Again Top Concern in HelpSystems Marketplace Study

Security Threats, They Are a Changin

One IBM i Shops Close Call With Ransomware

Alarming Security Gaps Exposed in IBM i Marketplace Report

Tags: Tags: cybersecurity, IBM i, Kaseya

Cleo and SrinSoft in Integration-Modernization Link UpJD Edwards Customers Face Support Decisions

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Security, Automation, and Cloud Top Midrange IT Priorities, Study Says - IT Jungle

WILMINGTON, Del., Aug. 3, 2022 /PRNewswire/ --Continuous advancement in piezoresistive pressure transducers have helped firms unlock revenue streams in various industrial applications. Various types of pressure transducers have been commercialized to meet the needs of automation in various process industries including verticals such as oil & gas, automotive, and heavy engineering. The pressure transducer market size is projected to reach US$ 5.6 Bn by 2031 from value of US$ 4.0 Bn in 2021.

Among the various types of pressure transducers, the demand for absolute pressure measuring sensors is poised to rise in industrial safety applications. Some of the unique characteristics that make the type of pressure transducer more popular than others are remarkable accuracy and error-free functionality. The segment is estimate to reach value of US$ 1.85 Bn by 2031. Pressure transducer manufacturers are keen on reaping revenue gains by meeting rise in demand for products in the oil & gas industry.

Need for cutting-edge machine precision technologies has created sizable opportunities in the pressure transducer market during the forecast period of 20222031. Sensors used in automotive testing application are rising, invigorating the demand for automotive pressure transducers & transmitters. Firms in the market are capitalizing on the demand in the automotive industry by unveiling advanced sensors that can work in broad operating temperature range and possess remarkable media compatibility.

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Key Findings of Pressure Transducer Market Study

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Pressure Transducer Market: Key Drivers

Pressure Transducer Market: Regional Growth Dynamics

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Pressure Transducer Market Competition Landscape

The study found that the pressure transducer market is currently characterized by partial fragmentation in that several players contribute to the demand and supply of products.

Some of the key players in the market are:

Pressure Transducer Market Segmentation

Regions Covered

Countries Covered

Electronics and Semiconductors Research Report

Inductor Market- Inductor Market is expected to reach US$ 7.2 Bn by the end of 2031, It is estimated to expand at a CAGR of 3.9% from 2022 to 2031.

Half-Inch CIS Based Surveillance Camera Market- ASEAN half-inch CIS based surveillance camera market is expected to reach US$ 28.63 Mn by the end of 2031, It is estimated to grow at a CAGR of 4.9% from 2022 to 2031.

POP Display Market- Middle East & North Africa POP display market is expected to reach a value of US$ 979.2 Mn by the end of 2031,It is estimated to expand at a CAGR of 5.4% from 2022 to 2031.

Flexible Substrate Market- Flexible Substrate Market is expected to exceed value of US$ 28.7 Bn by the end of 2031, It is estimated to expand at a CAGR of 18.9% from 2022 to 2031.

Multispace Parking Meter Market - Multispace Parking Meter Market is expected to exceed the value of US$ 1 Bn by the end of 2031, It is estimated to expand at a CAGR of 8.8% from 2021 to 2031.

Handheld Digital Multimeter Market- Handheld Digital Multimeter Market is expected to cross the value at US$ 808.8 Mn by the end of 2031, It is estimated to expand at a CAGR of 4.5% from 2021 to 2031.

Smart Parking Technologies Market- Smart Parking Technologies Market is expected to exceed the value of US$ 17.4 Bn by the end of 2031, It is estimated to expand at a CAGR of 17.3% from 2021 to 2031.

Thermoelectric Module Market- The global thermoelectric module market is expected to cross value of US$ 1.2 Bn by the end of 2031, grow at a CAGR of 7.9% from 2022 to 2031

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Pressure Transducer Market to Reach US$ 5.6 Billion by 2031: Industrial Automation Expanding Avenue, States TMR Study - PR Newswire

DUBLIN, Aug. 4, 2022 /PRNewswire/ --The "Fertigation and Chemigation Market - A Global and Regional Analysis: Focus on Application, Product, and Country-Wise Analysis - Analysis and Forecast, 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global fertigation and chemigation market size was estimated to be at $11,599.0 million in 2021, which is expected to grow with a CAGR of 8.45% and reach $18,968.6 million by 2027. The growth in the global fertigation and chemigation market is expected to be driven by factors such as high nutrient uptake and increased yield.

Market Lifecycle Stage

Fertigation, which involves applying fertilizer with irrigation water, allows the application of small amounts of fertilizer at a time, creating flexibility in the frequency of fertigation. On the other hand, chemigation is a more controlled and regulated process compared to fertigation due to the nature of chemicals such as fungicides, pesticides, insecticides, etc., used in it.

Impact

Market Segmentationby Crop

by End Use

by Technique

by Input

Recent Developments in Global Fertigation and Chemigation Market

Demand - Drivers and LimitationsDrivers:

Challenges:

Opportunities

Key Topics Covered:

1 Markets

2 Application

3 Product

4 Region

5 Markets - Competitive Benchmarking & Company Profiles

6 Research Methodology

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/sf4sub

Media Contact:

Research and MarketsLaura Wood, Senior Manager[emailprotected]

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Global Fertigation and Chemigation Market Report 2022: Increasing Automation and Sensor Usage in Agriculture Along With Rising Food Demand Owing to...

Wemos latest dimmer switch uses HomeKit over Thread for fast, reliable connections. Photo: Belkin/Wemo

Dimming your lights is just the most obvious feature of the newly announced Wemo Smart Dimmer with Thread. It uses mesh networking to provide fast, reliable connections to your HomeKit home-automation system so you can control the switch from anywhere across the room or across the country.

Plus, the wall dimmer switch doesnt require a neutral wire so it can be installed in older homes as easily as new ones.

Dimmer switches that support Apple HomeKit can control a light with the press of a button, or with your voice via Siri from an iPhone, HomePod, etc. Or set schedules in the Home app so lights turn on or off whenever you want them to.

But smart switches arent new Wemo has had one since 2018.What sets Wemos upgraded Smart Dimmer apart is support for Thread.This is an emerging wireless standard that creates low-power mesh networks to connect devices. Rather than each device having to communicate with a hub, they can communicate with each other to pass commands to the hub.

With Thread, the dimmer switch can be installed in a room well away from a homes HomeKit hub. There just need to be other Thread-compatible accessories for commands to pass through. When Thread isnt available, the device switches to Bluetooth.

The Wemo Smart Dimmer with Thread costs $59.99. Wemos parent company Belkin is taking preorders now and says the product will be out before the end of August. Its also coming soon to Amazon.

Buy from: Belkin

This isnt Belkins only product with Thread. Others include Wemo StageScene Controller, Wemo Smart Plug with Threadand Wemo Smart Video Doorbell.

Other companies have embraced the new standard as well. Most notably, the Apple HomePod mini and Apple TV 4K support Thread. And theres the Eve Motion sensor. Other companies have announced plans to support it.

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Keep up with the latest home automation tech with Wemo Smart Dimmer with Thread - Cult of Mac

DGAP-News: MAX Automation SE / Key word(s): Half Year Results/Half Year ReportMAX Automation posts strong sales and significantly improved earnings in first half of 2022 04.08.2022 / 07:30 The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

MAX Automation posts strong sales and significantly improved earnings in first half of 2022

Order intake of EUR 233.0 million up 37.3% year-on-year (6M 2021: EUR 169.8million)

Order backlog increased by 39.0% to EUR 325.7million (30 June 2021: EUR 234.3 million)

Sales of EUR 190.7million 32.2% above previous years figure (6M 2021: EUR 144.2million)

Operating result (EBITDA) improved disproportionately by 61.3% to EUR 9.7million (6M 2021: EUR 6.0million)

New syndicated loan of EUR 190 million and successful capital increase secure financing

Sales and earnings forecast for full year 2022 confirmed

Dsseldorf, 4 August 2022 MAX Automation SE (ISIN DE000A2DA58), the company listed in the Prime Standard of the Frankfurt Stock Exchange, performed well operationally in the first half of 2022. The MAX Group continued to benefit from the high demand for innovative solutions in the segments it supplies to, environmental technology and the food and automotive industries. Based on high order backlogs, Group sales rose strongly despite isolated delays due to supply chain disruptions and related material shortages. While price increases for raw materials and materials such as electronic components and steel products could largely be passed on to customers in the new orders they placed, they burdened with long-running old projects. In addition, provisions for the closure of iNDAT Robotics GmbH in particular burdened the nevertheless significant increase in EBITDA.

Order intake and order backlog reflect continued positive development

The MAX Groups consolidated order intake increased by 37.3% to EUR 233.0million (6M 2021: EUR169.8million). The segments Elwema, NSM + Jcker and Vecoplan Group made the largest contributions to the positive development.

The bdtronic Groups increase in orders resulted from strong demand for solutions in dispensing and hot riveting technology. Elwema benefited in particular from demand from the automotive industry abroad and from e-mobility in Germany. Continued high demand in packaging automation and increasing project awards for e-mobility in press automation characterized the strong development at NSM + Jcker. The improved order intake of the Vecoplan Group in all areas of the business (Recycling/Waste, Wood/Biomass and Service) and regions reflects the strong positioning in these growth markets. The order intake of the MA micro Group segment declined as expected following the high order intake in the previous quarters, while the AIM micro segment reached the level of the same period of the previous year. After the closure of the iNDAT segment, which was resolved in February, only a small number of service orders were accepted, so that order intake decreased accordingly as planned. The order intake and order backlog in the Other segment were characterized by the liquidation of the IWM companies following the completion of remaining projects.

The order backlog of the MAX Group increased by 39.0% to EUR 325.7million (30 June 2021: EUR234.3million).

Operating result improves disproportionately despite provisions for the liquidation of iNDAT

In the first half of 2022, the MAX Groups sales were EUR 190.7million, 32.2% above the previous years level (6M 2021: EUR 144.2million). Despite ongoing disruptions in the supply chains and the related shortage of materials, the MAX Group succeeded in significantly increasing its sales due to the high order backlog and a sharp rise in incoming orders. In the bdtronic Group segment, catch-up effects and increased incoming orders in dispensing technology as well as the strong service business were responsible for the rise in sales. The segments Vecoplan Group, MA micro Group and AIM micro as well as Elwema and NSM + Jcker achieved high sales based on the favorable order situation. As expected, the iNDAT and Other segments posted declines in sales as a result of the closures.

The MAX Group improved its operating earnings before interest, taxes, depreciation and amortization (EBITDA) disproportionately in the first half of 2022 to EUR 9.7million (6M 2021: EUR 6.0million) despite the burden of provisions for the liquidation of the iNDAT segment. Price increases for raw materials and materials such as electronic components and steel products were largely passed on to customers in new orders, while higher costs for ongoing projects compared to the calculations had a negative impact on margins. The bdtronic Group segment benefited in particular from the high-margin service business. The Vecoplan Group continued to develop positively. The fact that the increase in EBITDA compared to the previous year is only moderate is due to a special effect in the first half of the previous year. MA micro benefited from increased sales with high-margin projects. AIM micro developed as expected. EBITDA in the NSM + Jcker segment declined slightly due to a different project mix and partly increased material costs. The turnaround of Elwema through optimizations in project execution and cost savings remains on track with a significant improvement. In the Other segment, the planned winding-up and liquidation costs of the IWM companies were still noticeable.

Due to the working capital requirements of the increased project volume and an increase in inventories, the MAX Group recorded cash outflow of EUR 14.5million (6M 2021: cash inflow of EUR 9.8 million) from operating cash flow. Cash outflow in the cash flow from investing activities of EUR 2.6million was offset in the same period of the previous year by a special effect from the sale of a property of IWM Automation (6M 2021: cash inflow of EUR 0.6million). In cash flow from financing activities, increased utilization of the new syndicated loan resulted in cash inflow of EUR 17.0million (6M 2021: cash outflow of EUR 22.6million).

Working capital rose to EUR 52.7 million (30 June 2021: EUR 32.2 million), while net debt increased to EUR93.9 million as of 30 June 2022 (30 June 2021: EUR 81.0 million) due to a decline in cash and cash equivalents and a simultaneous increase in bank liabilities. Cash and cash equivalents were at EUR30.6million, the same level as at the end of financial year 2021 (31 December 2021: EUR 30.2 million).

In the first half of 2022, our shareholdings continued to develop positively in operational terms. Order intake increased significantly especially due to the high demand in the segments NSM + Jcker, Elwema and Vecoplan Group with innovative solutions for environmental technology as well as for the food and automotive industries. With the successful capital increase and the early agreement of a new syndicated loan, we have strengthened the financing of the MAX Group and thus laid a solid foundation for further growth. Thanks to our investment portfolio, which is geared towards growth markets, we continue to look optimistically to the second half of the year, said Dr. Christian Diekmann, Managing Director and CEO/CFO of MAX Automation SE.

Outlook 2022 confirmed

In view of the successful development in the first half of 2022 and the positive order situation, the Managing Directors confirm the outlook for 2022, whereby the possible consequences of the ongoing crisis situation in Ukraine and the corona pandemic continue to represent imponderables for the development of the global economy. Provided that the economic development is not significantly weaker than assumed, MAX Automation continues to expect sales of between EUR 360.0 million and EUR 420.0 million and operating profit before interest, taxes, depreciation and amortization (EBITDA) of between EUR 23.0 million and EUR29.0 million for the current financial year.

Key Group figures at a glance

in EUR million

H1 2022

H1 2021

Change

Order intake

233.0

169.8

37.3%

Order book*

325.7

234.3

39.0%

Working Capital*

52.7

32.2

63.5%

Sales

190.7

144.2

32.2%

EBITDA

9.7

6.0

61.3%

Employees (FTE)

1,595

1,594

0.1%

*Comparison of the reporting date 30 June 2022 to 30 June 2021

Key figures of the segments at a glance

in EUR million

H1 2022

H1 2021

Change

bdtronic Group

Order intake

38.2

30.3

26.0%

Order book*

33.3

24.5

35.7%

Sales

29.4

26.1

12.5%

EBITDA

3.8

3.4

11.1%

Vecoplan Group

Order intake

89.3

74.1

20.5%

Order book*

114.3

68.6

66.6%

Sales

75.9

53.0

43.1%

EBITDA

6.3

6.1

2.3%

MA micro Group

Originally posted here:

MAX Automation posts strong sales and significantly improved earnings in first half of 2022 - Yahoo Finance UK