Daily Archives: September 11, 2022

How Automation is Transforming Construction – Engineering News-Record

Posted: September 11, 2022 at 2:14 pm

Construction firms are prioritizing technology to address labor challenges, waste, and sustainability. Forward-thinking firms that want to maximize their digital investment are turning to automation to quantitatively improve the way their teams work. For many, automation is associated with self-sufficient robots and autonomous vehicles. But thats an incomplete picture of what can be achieved with automation.

There are use cases for automation throughout the construction lifecycle, from the back office to the job site. With better, faster access to the right information, construction teams can actually elevate their capabilities to solve the complex problems they face. Here are three surprising ways to use automation in construction.

The QA/QC process is essential to reducing project risk. But it can also be time-consuming and sometimes dangerous. Mixed reality technology allows site crews to inspect the job site in a safer, more efficient way. For example, with Trimble Connect AR an inspector can use a tablet or phone to view the model overlaid on to the physical environment. Or they can use the XR10 with HoloLens 2, which is a helmet outfitted with smart glasses, to view and interact with virtual elements on the job site. They can compare the model to the actual environment and see things that arent visible to the naked eye, like easements and buried utilities.

The process can be further automated by using drones or robots like Spot the Robot Dog to survey the site using laser scanners or LiDAR. Removing the manual steps involved in the inspection process means that they can be performed faster and more frequently, ultimately empowering teams to proactively reduce waste and inefficiencies.

Once ground is broken on the job site, its important for every crew to work in concert to prevent errors and delays. But in reality, this can be hard to achieve. Machine control technology is making it possible. With machine control technology, equipment like excavators and skid steers can pull data directly from the model to perform tasks with little or no human intervention. And sensors and machine vision technology are improving, expanding the capabilities of autonomous and semi-autonomous construction equipment.

As the machine operates, sensors collect information, such as terrain data, so the machine can perform at higher levels of precision. That data can also be saved and used for future reference during the asset operations phase.

Sensors can also collect information on the health of the equipment and enable remote maintenance support. Viet, an Illinois-based civil contractor, is using Trimble Remote Assistant to diagnose and resolve maintenance issues without having to wait on a technician to come to the job site. The company estimates that the virtual process has reduced technical support cost by almost 200%.

Its common to use spreadsheets to create estimates, meaning that estimators manually handle various versions of models and materials takeoffs. And ever changing market conditions impact materials and labor costs, making the task even more complex. Model-based estimating technology, like Trimble Estimation MEP, can connect directly to detailing software via APIs to automatically produce estimates. Estimation MEP contains a database of product data from component manufacturers, so the system generates estimates with the most up-to-date information, complete with product size, price, labor hours, and description.

All of these automations rely on a Connected Construction approach. Connected Construction bridges gaps between disparate teams so that all stakeholders can access the right data at the right time. To bring the various technologies used on a project together, Connected Construction platforms like Trimble Connect and Trimble Quadri serve as the central hub for project information and for tools to link to.

To learn about how to implement Connected Construction in your organization, download the AEC Professionals Guide to Connected Construction.

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What is IT Automation? – TechRadar

Posted: at 2:14 pm

In our current economy, most businesses are under pressure to get the work done with ever increasing efficiency. The benefits of greater efficiency includes completing the job faster, at less cost, and with less people. In our Crazy COVID times, since the Great Resignation, it has been a constant challenge for many businesses to recruit and maintain a workforce, and with the difficulties in hiring, they have been forced to Do more with less, which makes interest in automation particularly high as of late.

This has all been combined into a perfect storm along with the trend of digital automation, or more accurately, digital disruption, which has been a major driver of business automation. This has been the process in recent years of streamlining traditional business processes, particularly laborious ones, such as timekeeping, in favor of automation, such as with cloud software solutions.

Where business automation generally focuses on traditional business processes, IT automation seeks to automate IT processes. Through the use of software processes, the automation approach gets applied to repeatable and repetitive processes that previously would be manual work for an IT professional, such as at a datacenter. A real benefit is that IT services can be delivered considerably faster, with considerably less direct human intervention.

By having less direct work, IT staff can be available for other tasks thereby enhancing the workforce. The level of IT automation can vary from small tasks, such as an isolated intervention, and on the larger end, an entire autonomous IT deployment. The idea is that the software can accomplish the task, with minimal administrator intervention.

A commonly confused concept with IT automation is IT orchestration. In IT automation, the goal is to have the same basic task done repeatedly, ideally without any intervention. This is different to IT orchestration, where automated tasks get coordinated into a workflow, with a series of steps, and it can include things like permissions along with rules enforcement.

IT automation reduces the intervention steps that an administrator needs to do to be able to accomplish the task, in some cases drastically less steps. To do this, a software package is used, such as Microsoft Windows PowerShell, which can use cmdlets and variables as a script that can substitute for an IT administrators actions to get the job done, such as setting up a backup, or a virtual machine (opens in new tab). A series of scripts can even be used for an even more complex task.

Sounds like something you want to try? The good news is that Windows users already have it as PowerShell is already integrated into versions of Windows as far back as 7. There are also plenty of alternatives to Powershell, such as Cmder, OpenSSH, PuTTY and Linux SSH.

Proponents of IT automation believe that just about any IT task can benefit from applying automation to it on at least some portion of the task. That being said, there are some more common use case scenarios that lend themselves to this approach.

One use for IT automation is application deployment, which is the process of configuring an application (opens in new tab) for use at a business. Whether the application deployment is episodic, or continuous integration, or even during the testing phase, IT automation can contribute to a successful deployment of an application. The essential tasks get automated through this approach, which reduces the chances for human error, so the application can be deployed smoothly and efficiently. Another advantage is that with all the rules of deployment having a location that is central and accessible by the IT team, it promotes transparency.

Security is another area that IT automation can be used for as it can be laborious to be done manually, but lends itself to this approach, where rules can be applied on a 24/7, 365 days a year to keep the network secure at all times. Here, the IT administrator sets up the rules to protect the network, which ensures compliance. Once in place, IT automation is vigilant to monitor for any issues. Then there are step-by-step instructions in place so a potential threat can be triaged. Also, should an issue occur, remediation steps are built in, so the threat can be triaged, and if action is indicated, it can then mitigate any impact. What is really amazing is that this entire process can be done in mere seconds!

IT automation, when implemented well can have some real advantages. The first is the cost savings, as less IT staff are needed to get the job done. Another is the savings in time, as once setup, minimal additional time is needed for daily operation of the task. The next is that operations are done faster than when done manually, such as in the security example above. The final is a reduction in human errors as the drudgery of repeated tasks gets engineered out of the workflow and replaced by software configured to get the job done consistently.

However, it is not all perfection, and IT automation can have some downsides as well. The first is the cost of the investment upfront. While there are cost benefits down the road, it can still be expensive at the start. Another is that IT automation can be inflexible, and some use case scenarios can offer challenges to apply these techniques. Another issues is that as it is rules driven, when a situation occurs outside of the set parameters, it wont be able to handle it, and there can be higher consequences for the error as automated errors have more potential to cause greater damage. A final issue is that setting up IT automation processes requires a higher skill level, such as using the hundreds of cmdlets to configure a process in PowerShell.

IT automation represents a leap forward, and we expect to see increasing application of it in the coming years. With a number of advantages, including cost and labor savings, it is easy to comprehend what is driving this trend. As we are in the early stages of this transformation, be on the lookout for IT automation to be applied to even more complex and diverse IT processes in the future.

We've featured the best IT asset management software.

TechRadar Pro created this content as part of a paid partnership with GoTo Resolve. The contents of this article are entirely independent and solely reflect the editorial opinion of TechRadar Pro.

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Warehouses and Distributions Centers Turn to Automation in Response to Ongoing Labor Shortage – Jackson Lewis

Posted: at 2:14 pm

More than 43 million Americans quit their jobs in 2021, according to The Washington Post. This mass exodus has put a particular strain on operators of warehouses, distribution centers, and 3PL providers who have been forced to confront the labor shortage while e-commerce sales have surged over recent years. These staffing issues have been exasperated by high turnover rates among workers facing longer hours and added stress as they try to keep up with their employers fulfillment needs.

Automation offers significant benefits to employers struggling to adequately staff warehouse environments. In addition to reducing the need for labor and making work less demanding for current employees, automation stands to increase productivity, order accuracy, and reduce workplace injuries. Given these benefits, it should come as no surprise that the global warehouse automation market is expected to double in value over the next four years, based on a study conducted by the Harvard Business Review. Indeed, supply chain leaders who participated in the study indicated that automation is one of their top priorities for digital investment.

The net impact of automation is not inherently positive, however, at least not at the outset. While automation can save employers money in the long term, the front-end costs can be expensive and implementation time can be substantial.

The most commonly identified concern associated with automation is the assumed elimination of jobs. This perceived disadvantage has garnered serious skepticism from commentators, however, many of whom posit that the increased productivity flowing from automation creates as many job opportunities as it eliminates. Moreover, automating repetitive and simple tasks frees employees to learn new skills, take on more complex jobs, become empowered to move up the value chain, and makes workers jobs safer and more meaningful.

These changes often cause employees serious anxiety and uncertainty, nonetheless. For that reason, employers looking to incorporate automation into aspects of their warehouse operation should make a deliberate effort to communicate honestly and openly with the workforce. They should educate employees on the fact that the changes are not designed to cut jobs, but to help them perform their work and create opportunities for advancement.

Employers should also take proactive steps to provide opportunities for employee growth, including avenues for entry-level warehouse workers to eventually elevate into management level positions. If current employees can see a path for meaningful career advancement, the notion that more menial tasks may be moved toward automation should be less foreboding.

The importance of front-end communication and education regarding automation is particularly true for unionized employers. Employers with union shops will likely need to devote additional time and energy educating union leaders about the positive effects of automation. Preparing and educating employees, and their bargaining agents, for the integration of automation should help ease the transition.

Warehouse work is one of the pillars of our global economy. Automation has serious utility and is becoming more of a necessity (rather than merely a competitive advantage) in the current labor market. It has the potential to resolve thorny staffing issues, increase efficiency, and empower employees. Still, employers implementing automation technology in warehouse environments would do well to consider the impact on their current workforce by investing in opportunities for growth and advancement.

Please contact a Jackson Lewis attorney with any questions.

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Building Automation System Market Growing to Exhibit a Remarkable CAGR of 9.7% By 2029, Key Drivers, Size, Share, Growth, Demand and Opportunity…

Posted: at 2:14 pm

Data Bridge Market Research

The growing popularity of IoT-based building automation systems is projected to drive the global building automation system market. The major restraint that may negatively impact the global building automation system market is the high maintenance cost of building automation systems.

CHICAGO, Sept. 08, 2022 (GLOBE NEWSWIRE) --

Data Bridge Market research has a newly released expansive study titled Global Building Automation System Marketwhich guarantees you will remain better informed than your competition. This study provides a broader perspective of the marketplace with its comprehensive market insights and analysis which eases survival and success in the market. Global Building Automation System market research report endows with the most suitable and specific information to the decision-makers in the Building Automation System industry which saves their time and gives excellent output. With the systematic study performed by the experts, of all these parameters are used to offer the best solution. The report analyses the potential of the market concerning the current scenario and the prospects by considering several industry aspects. This Building Automation System report explains several market factors such as market estimates and forecasts, entry strategies, opportunity analysis, market positioning, competitive landscape, product positioning, market assessment, and viability studies.

The global building automation system market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 9.7% in the forecast period of 2022 to 2029 and expected to reach USD 160,873,323.76 thousand by 2029. The rising adoption of automated security systems in commercial buildings is expected to drive the market.

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REPORT METRIC

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Market Synopsis:-

The building automation system is the system and application/software used to maintain automation in the building and provide security to the authorized users. It is mostly implemented in large projects with extensive mechanical, HVAC, and electrical systems. It helps to reduce the power consumption in the building. It has disaster management tools and services and helps prevent accidents such as fire accidents. It is distributed control system used to manage electronic devices designed to monitor and control the systems in a building.

The growing popularity of IoT-based building automation systems is projected to drive the global building automation system market. The major restraint that may negatively impact the global building automation system market is the high maintenance cost of building automation systems.

Some of the major players operating in the Building Automation System market are

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Shifting consumers' preference towards HVAC (heating, ventilation, and air conditioning) control systems is expected to provide an opportunity in the global building automation system market. However, the false notion about high installation costs of building automation systems is projected to challenge the global building automation system market growth.

This global building automation system market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.

Recent Development

In January 2022, Johnson Controls acquired FogHorn, the leading developer of Edge AI software for industrial and commercial Internet of Things (IoT) solutions. This will help the company to expand its business and accelerate its innovation and vision for smart autonomous buildings

In January 2022, Honeywell International Inc. participated in Intersec 2022 in Dubai with an array of Building Technologies, including Fire & Safety, Healthy Buildings, and Cybersecurity. This has helped the company to attract important global experts and influencers

Key Drivers:-

Upsurge in Focus for Designing Energy-Efficient and Eco-Friendly Buildings

Energy conservation through energy efficiency in the building has acquired prime importance worldwide. The main aspects of energy efficiency in a building include energy passive building design before actual construction and low energy building materials during construction. The main focus of green building construction is the integration of renewable energy technologies and the use of efficient equipment with low operational energy requirements.

Energy consumption in buildings and infrastructure increases exponentially, suggesting the need to develop alternatives to save energy and sustainably operate buildings. Energy efficiency can be achieved with insulation, improved building techniques, and modified construction methods for buildings, raising the demand for sustainable automation systems.

Furthermore, the growing awareness of the consumers regarding the energy-efficient building design during any new construction is effective in making a home more efficient. It is also less expensive for a homeowner in the long run. As a result, it increases the demand for building automation systems and thus contributing to the growth of the Asia-Pacific building automation system market.

The investment made in the study would provide you access to information such as:

Building Automation System Market [Global Broken-down into regions]

Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]

Country wise Market Size Split [of important countries with major market share]

Market Share and Revenue/Sales by leading players

Market Trends Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porters Five Forces, etc.

Market Size)

Market Size by application/industry verticals

Market Projections/Forecast

Key Market Segments:

On the basis of system type, the global building automation system market is segmented into facility management systems (FMS), fire protection systems, security and access control systems, energy management systems, building management software (BMS), and others. In 2022, the facility management systems (FMS) segment is expected to dominate the global building automation system market as it supports the efficient functionality of buildings, increasing its demand globally.

On the basis of technology, the global building automation system market is segmented into wireless technologies and wired technologies. In 2022, the wireless technologies segment is expected to dominate the global building automation system market as it is easy to expand and set up, increasing its demand globally.

On the basis of application, the global building automation system market is segmented into commercial, industrial, and residential. In 2022, the residential segment is expected to dominate the global building automation system market as it helps reduce the risk of thieves in residency areas, increasing its demand globally.

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Building Automation System Market Regional Analysis/Insights

The countries covered in the building automation system market report are the U.S., Canada, Mexico, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, Israel, South Africa, Rest of the Middle East and Africa.

Europe is expected to dominate the global building automation system market, as in Germany, the demand for energy-efficient building systems has increased. The U.S. is expected to dominate the North American market due to the increasing usage of building automation systems in the region's residential sector. China is expected to dominate the Asia-Pacific market due to the shifting consumer preference for HVAC control systems which increases the demand for building automation systems in the region.

Building Automation System Key Benefits over Global Competitors:

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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Browse Related Reports:

Building Automation Market, By Product (HVAC Controls, Facility Management Systems, Security and Access Controls, Fire Protection Systems, Building Energy Management Software, BAS Services, Others), Vertical (Residential, Enterprise, Industrial, Hospitality, Retail, Others), Communication Technology (Wired Technology and Wireless Technology), Offering (Integration, Services), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast https://www.databridgemarketresearch.com/reports/global-building-automation-market

Intelligent Building Automation Technologies (IBAT) Market, By Offering (Facility Management Systems, Security and Access Controls, Fire Protection Systems, Building Energy Management Software Building Automation System Services and Others), Communication Technology (Wired Technology ,Wireless Technology), Application (Residential, Commercial, Office Buildings, Retail and Public Assembly Buildings ,Hospitals and Healthcare Facilities, Airports and Railway Stations, Industrial) Industry Trends and Forecast https://www.databridgemarketresearch.com/reports/global-intelligent-building-automation-technologies-market

North America Building Automation System Market, By System Type (Facility Management Systems (FMS), Fire Protection Systems, Security And Access Control Systems, Energy Management Systems, Building Management Software (BMS), and Others), Technology (Wireless Technologies, and Wired Technologies), Application (Commercial, Residential, and Industrial), Country (U.S., Canada, Mexico) https://www.databridgemarketresearch.com/reports/north-america-building-automation-system-market

Asia-Pacific Building Automation System Market, By System Type (Facility Management Systems (FMS), Fire Protection Systems, Security And Access Control Systems, Energy Management Systems, Building Management Software (BMS), and Others), Technology (Wireless Technologies, and Wired Technologies), Application (Commercial, Residential, and Industrial), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast https://www.databridgemarketresearch.com/reports/asia-pacific-building-automation-system-market

Europe Building Automation System Market, By System Type (Facility Management Systems (FMS), Fire Protection Systems, Security And Access Control Systems, Energy Management Systems, Building Management Software (BMS), and Others), Technology (Wireless Technologies, and Wired Technologies), Application (Commercial, Residential, and Industrial), Country (Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe) https://www.databridgemarketresearch.com/reports/europe-building-automation-system-market

Middle East and Africa Building Automation System Market, By System Type (Facility Management Systems (FMS), Fire Protection Systems, Security And Access Control Systems, Energy Management Systems, Building Management Software (BMS), and Others), Technology (Wireless Technologies, and Wired Technologies), Application (Commercial, Residential, and Industrial), Country (U.A.E, Saudi Arabia, Egypt, Israel, South Africa, Rest of the Middle East and Africa) https://www.databridgemarketresearch.com/reports/middle-east-and-africa-building-automation-system-market

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Building Automation System Market Growing to Exhibit a Remarkable CAGR of 9.7% By 2029, Key Drivers, Size, Share, Growth, Demand and Opportunity...

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Behind the latest automation trend for restaurants – Nation’s Restaurant News

Posted: at 2:13 pm

Welcome to First Bite, a Nations Restaurant News podcast, your daily source of news from NRN hosted by Holly Petre.

Today, were talking about pizza automation.

Automation has been on the restaurant industrys back burner for years. While companies like Miso Robotics have long dazzled the media with burger-flipping and wing-frying robots, it wasnt until the current labor crisis that restaurant AI evolved from a promotional experiment to a permanent solution. In recent months, thepizza industry has far and away become the preeminent leader in kitchen robotics, with pizzeria automation companies like Piestro and Picnic Works signing partnerships with emerging pizza chains in need of cost-cutting solutions, Joanna Fantozzi wrote in a recent feature for NRN.com.

Plus, catch up on all the top news of the day with our daily news recap at the beginning of each episode.

Be sure to subscribe to First Bite wherever you get your podcasts or onCastos,Spotify, orApple Podcasts.

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Behind the latest automation trend for restaurants - Nation's Restaurant News

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Universal Robots to demonstrate the latest in collaborative automation – @AuManufacturing

Posted: at 2:13 pm

@AuManufacturing has partnered with International Exhibition & Conference Group for this months Modern Manufacturing Expo in Sydney. Here we hear from exhibitor Universal Robots.

Universal Robots will be showcasing its latest thinking in collaborative automation at the first edition of the Modern Manufacturing Expo in Sydney this month.

The company has cemented a name for itself as a partner to the local industry and is actively working on building a larger presence in Australia, said Masayuki (Masa) Mase, Country Manager for Universal Robots Oceania.

He said: We are excited to be part of Modern Manufacturing Expo history

We have invested in on-the-ground sales and technical support and are able to service customers across the region.

Its no secret that the demand for collaborative automation continues to soar, with Universal Robots latest recorded annual earnings indicative of rapid growth.

Despite the economic challenges faced globally, automation came out on top in manufacturer thinking.

We have reported growth of 30 percent across the first two quarters of 2022 compared to the first half of 2021.

Supply chains issues, reshoring of manufacturing, labour shortages and lights-out manufacturing are catalysts for growth in the sector, he said.

Companies need to compete at both a local and an international level.

Gone are the days where regions were reliant on head office to produce and ship goods.

Whats on Display from Universal Robots

Masa said: We recently launched the UR20 a next-generation collaborative robot (cobot) with a reach of 1750mm and a 20kg payload.

The higher payload and better reach makes this the ideal solution for more heavy-duty palletising duties.

Depending on the joint type, customers can also enjoy a 65 percent increase in speed and a 25 percent increase in joint torque capability.

In addition, Universal Robots will further acquaint visitors with some of the companys most in demand options.

The UR10e has been upgraded to accommodate a payload of 12.5kg.

Its one of our most versatile and popular cobots and its well suited to the likes of machine tending and palletising which are very popular applications in the local market.

Finally, Masa said that Universal Robots will present a novel welding application demonstration at the Sydney Expo.

Globally, automation for welding applications remains one of the key requirements of our customers.

A cobot adds flexibility, efficiency, and freedom to welding processes.

In addition, when the task is completed, it can be easily redeployed to other areas where it can add further value.

Masa said: Businesses both big and small are embracing the benefits of automation.

Its no longer a nice-to-have, its now a necessity to help business remain competitive.

Meeting this imperative perfectly sums up the aim of this show.

The Modern Manufacturing Expo takes place from 20-21 September, 2022 at the Sydney Showground, Sydney Olympic Park, Homebush. It is designed for key decision-makers and management looking to explore the latest automation and digital offerings for future growth and features a showcase of technology advancements to innovative operational practices for manufacturers. Free Expo Registration here. Smart Manufacturing Conference Registration here. Sustainable Manufacturing Summit Registration here. Enquiries: Margo Metcalf IEC Group, [emailprotected] or 03 95969205.

Picture: Universal Robots

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Universal Robots to demonstrate the latest in collaborative automation - @AuManufacturing

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Substation Automation Market Value to expand 2x by 2032; Commercial & Civic Power Utilities to remain Core Application Area: Future Market…

Posted: at 2:13 pm

Commercial and civic power utilities is expected to be the primary end user of the substation automation market at present, likely to flourish at a CAGR of 6.5% until 2032. The substation automation market in Europe is expected to accumulate a market share value of 30% in 2022. North America substation automation market is expected to accumulate the highest market share of 36.0% in 2022

NEWARK, Del., Sept. 8, 2022 /PRNewswire/ -- The global substation automation market is expected to be valued at US$ 29.12 Billion in 2022, as per a recently published Future Market Insights report. With the increasing demand for electric and hybrid vehicles, coupled with the rising use of digital technology to improve grid efficiency in smart cities, overall demand for substation automationis projected to grow at a CAGR of 6.7% between 2022 and 2032, totaling around US$ 55.69 Billion by 2032.

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The increasing demand for efficient transmission of electricity, reduced operations and management costs for utilities, and ultimately lower power costs for consumers drive the growth of smart grids in the market. Also, the increasing integration of large-scale renewable energy systems and improved security among others are fueling the growth of smart grids in substation automation.

Smart grid communication technology provides predictive data and recommendations to the utilities, their suppliers, and their customers on how best to manage power. Moreover, smart grids are deploying by applying modern technologies in substations and power networks.

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To reach the smart grid, one needs complete information from substations in the transmission network to analyze and manage it. The trends towards upgrading and retrofitting the old conventional substations besides new modern substations are boosting the market growth.

Attributed to the need for upgradation and replacing an aging energy infrastructure, the smart grid is one of the best solutions used in substation automation as it allows for automatic rerouting when equipment fails or outages occur and minimize outages and minimize the effects. These Grid technologies are expected to drive the market growth for substation automation further.

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Key Takeaways from the Market Study

Global substation automation market value to nearly double from 2022-2032

By component, substation automation hardware to account for 3/5th of global revenues in 2022

SCADA-driven substation automation to register highest growth, at a CAGR of 6.3%

Substation automation for commercial and civic power utilities to experience a CAGR of 6.5%

North America to present lucrative opportunities, accumulating 36% revenue in 2022

Asia Pacific to account for 32.5% of the global substation automation market revenue in 2022

Europe to account for 30% of global substation automation deployment in 2022

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"Factors such as increasing developments in SCADA and communication technologies, coupled with rising demand for renewable energy projects are expected to escalate the growth of the Substation Automation Market over the analysis period," remarks an FMI analyst.

Competitive Landscape

Players in the global Substation Automation Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

InFebruary 2022, Schneider Electric and Enedis announced the launch of revolutionary solutions for new-generation substations. Both companies are expected to launch a project around a next generation of MV/LV substation devices as an alternative to the use of SF6 gas. This gas is used in MV electrical devices for its high insulation and dielectric properties.

InFebruary, 2022, GE and Bond announced to build digital substation for offshore wind farm, the GE Group is expected to coordinate the implementation of the digital substation including advanced digital substation monitoring systems, controls, and software systems. GE would provide the connection and power balance needed between the offshore wind farm and the point of interconnection to the NY power grid.

Key Segments Covered In The Substation Automation Industry Analysis

Substation Automation Market by Component:

Substation Automation Market by Site:

Substation Automation Market by Rated Voltage:

Low Voltage

Medium Voltage

High Voltage

Substation Automation Market by Control System:

Substation Automation Market by Application:

Transmission Substation

Distribution Substation

Substation Automation Market by End User:

Substation Automation Market by Region:

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Know More About What the Substation Automation Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Substation Automation Market, providing historical data for 2017-2021and forecast statistics from 2022-2032. To understand opportunities in the Substation Automation Market, the market is segmented on the basis of component, site, rated voltage, control system, application, and end-use industry across six major regions.

About Industrial Automation Division at Future Market Insights

The industrial automationteam at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Table of Content

1. Executive Summary

1.1. Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Market Trends

4. Key Success Factors

5. Global Substation Automation Market - Pricing Analysis

5.1. Regional Pricing Analysis By Component

5.2. Global Weighted Average Pricing Analysis Benchmark

6. Global Substation Automation Market Demand (in US$ Mn) Analysis 2017-2021 and Forecast, 2022-2032

6.1. Historical Market Value (US$ Mn) Analysis, 2017-2021

6.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032

6.2.1. Y-o-Y Growth Trend Analysis

6.2.2. Absolute $ Opportunity Analysis

Click Here for Substation Automation Market 250 pages TOC Report

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Substation Automation Market Value to expand 2x by 2032; Commercial & Civic Power Utilities to remain Core Application Area: Future Market...

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Robotic Process Automation: Market Overview and Top Ten Companies – Yahoo Finance

Posted: at 2:13 pm

ReportLinker

Report Scope: The report provides an overview of the global RPA market and analyzes market trends. Using 2021 as the base year, the report provides market data for the forecast period 2022 through 2027 by making estimates with values derived from total revenues of prominent players.

New York, Sept. 05, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Robotic Process Automation: Market Overview and Top Ten Companies" - https://www.reportlinker.com/p05816400/?utm_source=GNW

Revenue forecasts for this period are segmented based on solution, deployment, size of enterprise, industry and geography.

The report also identifies the major players in the RPA market, explains the major market drivers and current trends, and explores the competitive landscape. The report concludes with profiles of the major players in the global market.

Report Includes:- 43 data tables and 30 additional tables- An up-to-date overview of the global market for robotic process automation (RPA) technology, and company competitive information of the top ten companies in RPA market scenario- Analyses of the global market trends, with historic market revenue for 2021, estimates for 2022, market forecasts for 2023 and 2025, and projections of compound annual growth rates (CAGRs) through 2027- Estimation of the actual market size for global robotic process automation in USD million values, market forecast, and corresponding market share analysis based on solution, deployment type, size of enterprise, end-use industry, and geographic region- Review of the promising new RPA tools and technologies still in the development, and their implementation with the greatest commercial potential during the forecast period (2022 to 2027)- Detailed understanding of the key market trends, drivers and restraints that will shape the market for RPA tools and technologies as the basis for projecting demand over the next five years- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues- Review of the patents issued on robotic process automation technology across each major category, and emerging new developments in the global RPA market- Updated information on recent mergers and acquisitions, partnerships, collaborations, and new product launches in the market for robotic process automation during 2019-2022- Descriptive company profiles of the leading global players, including Appian Corp., Blue Prism Group Plc, CGI Inc., Datamatics Global Services Ltd., NTT Advanced Technology Corp., Nice Robotic Automation, and UiPath Inc.

Summary:Organizations worldwide are realizing that RPA is capable of transforming their backend operations and procedures in an entirely new way with digital technology.It is a novel approach to automating corporate operations and procedures.

It enables businesses to use software-driven robots, or bots, to automate routine, predetermined activities. It minimizes the human labor required for tiresome, repetitive jobs so that employees can concentrate on more important and more meaningful work.

RPA is a software technology that enables the creation, deployment and management of software robots that mimic human actions while dealing with digital systems and software.Software robots, like humans, can grasp whats on a screen, complete the correct keystrokes, navigate systems, discover and retrieve data, and perform a variety of defined operations.

However, software robots can perform such tasks faster and more reliably than humans, without the need to take breaks.

Through RPA, chatbots and other forms of digital assistants, intelligent bots are proliferating throughout the data ecosystem.The range of jobs that these bots are capable of performing is growing.

Many knowledge workers consider chatbots to be an outdated, template-based version of what bots can perform in light of the popularity of digital assistants like Siri and Alexa in both personal and professional contexts. Nevertheless, the number of uses for these linguistically skilled bots is growing, and now includes both internal and external processes.

RPA software solutions can be installed without having to make changes to the current system, saving time and money on the installation process.Due to the significant cost and overall impact of rethinking their legacy, poorly linked IT infrastructure, many system-intensive organizations are unable to optimize their operations.

RPA solves this problem by acting as a human worker who builds a communication link between various IT systems.However, the risk of data security escalates when a company allows access to RPA for enterprise data over the cloud.

A bots poor design that unintentionally exposes sensitive data might have serious consequences.

Moreover, within these organizations, RPA can be used in multiple ways and across multiple processes.One new aspect of this is that the RPA solutions will also focus on external, customer-oriented processes in addition to internal processes.

For instance, the classification of incoming email is one such area where smart robots are expected to offer huge productivity gains.

Intelligent process automation (IPA), a bridge between RPA and AI, primarily leverages machine learning (ML) and natural language processing (NLP) to tackle difficult business challenges and automate current manual processes with much higher accuracy and efficiency. By eliminating or moving monotonous and laborious tasks, these new advancements have enabled organizations to become even more profitable.Read the full report: https://www.reportlinker.com/p05816400/?utm_source=GNW

About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

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Robotic Process Automation: Market Overview and Top Ten Companies - Yahoo Finance

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Explained: How HR Automation platforms make recruiting seamless – Times of India

Posted: at 2:13 pm

The world of corporate hiring has undergone massive changes in the last few years. These changes were triggered by the inefficiency and the high costs incurred by companies that followed traditional hiring methods. Moreover, the risks associated with this method was also quite high. According to a study, 84 per cent companies in India were affected by faulty hiring practices. According to the same survey, a single bad hiring can cost the company over 20 lakhs.

Additionally, the recent skills crisis has put the entire industry in jeopardy, and therefore hiring automation has become a necessity to select the right candidates for the job. End-to-end automation of the recruiting process helps the company introduce uniformity, consistency and increases the efficiency and productivity of the HR team. In this article, we talk about the benefits of HR automation and how it can help make recruiting easier and faster.

Selecting the right candidate

Recruiting software allows managers to create a list of customised requirements and essential qualifications for filling a post. These platforms also help in quick and efficient advertising through templates. The applications of candidates possessing the requisite skills can be filtered out and the hiring manager does not have to take up the cumbersome task of manually scanning every application to select the right candidate.

Initiating assessments

After shortlisting the relevant resumes, these automation tools help in creating standardised and valid assessments based on job requirements. These can include tests measuring cognitive capacities, technical aptitude, and personality attribute that are deemed fit for the role. Post the assessment, a list of scores can be obtained, which can be leveraged by the managers to make informed hiring decisions.

Avoiding bias

One may aspire to be objective in screening and selecting candidates for a job but unconscious biases may creep in. Automating the hiring process helps companies get rid of these prejudices. Some of these software have the option of tracking the diversity and inclusion rates in the company, which helps avoid homogeneity and imposed uniformity in the workforce.

Better management

Candidate relationship management systems help convey information to the candidates via automated emails. It also ensures that applicants remain on board while the hiring goes on by keeping them informed and engaged in the process. This way the company has fewer chances of losing desired candidates due to the tediousness associated with the long processes of recruitment.

Reducing the time taken in hiring

The longer the time taken up in filling up a vacant position, the higher are the costs involved. Moreover, the company incurs additional costs worth the work that would have been done by the employee during that time. Automating processes like screening and assessments can save time and money for the company.

Make advertising more efficient

Such software place advertisements of vacant places in a way that it can reach the target audience and attract quality candidates. It also reduces costs and enhances the brand message of the employer. Advertising automation tools help post job openings that popularises the brand value and gives an estimate of the work culture in the organisation.

Better tracking opportunities

Usually, a large number of candidates apply for a job. Tracking individual applications, in such a scenario, can prove to be burdensome. With the help of applicant tracking systems, recruiters can easily keep a track of all candidates and access their information at any level of the hiring process. In addition to speeding up the process, this system ensures that employers do not lose out on desired candidates due to errors in keeping records.

Bottom line

To conclude, HR automation platforms accrue multiple benefits to companies. Along with this, the applicants are also spared the dreariness associated with long hiring processes and biases in recruitment. It does not take away from the importance of HR professionals but supports them by ridding them of the burden of performing important but boring tasks manually.

Views expressed above are the author's own.

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Explained: How HR Automation platforms make recruiting seamless - Times of India

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10 of the Best B2B Marketing Automation Platforms – Solutions Review

Posted: at 2:13 pm

The editors at Solutions Review have compiled this list to spotlight some of the best B2B marketing automation solutions for companies to consider implementing into their processes.

Manually managing your companys marketing efforts can become a lofty task. Working with a marketing automation platform can improve your companys marketing strategies, conversion rates, and overall success with many channels to monitor and customers to target. However, not every solution has the tools required for specific use cases. For example, if your company is in the Business-to-Business (B2B) market, its marketing needs might look different from brands that focus on other markets.

With that in mind, the editors at Solutions Review have compiled the following list of top-rated B2B marketing automation solutions for companies to consider. Our editors selected these based on each providers Authority Score, a meta-analysis of user sentiment through the webs most trusted business software review sites, and our proprietary five-point inclusion criteria. The list is organized alphabetically.

Description: Acoustics Marketing Cloud platform provides companies across industries with tools and insights for creating personalized campaigns across digital channels backed by AI-powered marketing automation technology. With the Acoustic Campaign product, B2B marketers can utilize lead scoring, segmentation, CRM integrations, customer profile data, web tracking, personalized campaigns, real-time analytics, and other tools to improve engagement and drive revenue.

Description: Acquia is an open-source digital experience platform (DXP) designed to help organizations develop, host, analyze, and communicate with customers via websites and digital applications. The companys multi-marketing automation capabilities can help B2B (and B2B2C) companies use automated workflows to optimize campaigns, nurture leads through funnels, personalize customer experiences, and grow brand awareness. Specific capabilities include campaign customization, customer journey design, lead scoring, contact list management, journey analytics, and more.

Description:ActiveCampaigns Customer Experience Automation (CXA) platform provides email marketing, marketing automation, CRM, and sales automation solutions to clients across industries. Their marketing automation tool offers a simple visual overlay, showing users how automations connect and the features of each campaign. With ActiveCampaigns B2B capabilities, companies can nurture customer relationships, grow their business, and improve how they connect with target audiences throughout the buying journey with personalized messaging across email, text, messaging, chat, and social.

Description:Act-On Software provides marketing solutions that help marketers engage leads at each stage of the customer lifecycle. The companys B2B marketing automation platform can help human resource firms, staffing teams, advertising firms, marketing agencies, consulting firms, and IT service providers with the tools they need to attract, nurture, qualify, and convert leads throughout the customer lifecycle. Some of its capabilities include multi-channel lead generation tools, lead segmentation, automated nurture programs, customized lead scoring, and more.

Description:Marketo Engage, an Adobe product, offers marketing automation capabilities capable of helping B2B brands identify, engage, and streamline customer experiences. Alongside its marketing automation tools, the Marketo Engage suite provides email marketing, revenue attribution, and lead management tools for attracting customers, building automated marketing campaigns, identifying high-value leads, measuring success rates, and more. Companies can also integrate the platform with Adobe Experience Cloud to access additional features like AI-driven analytics and content optimization.

Description: Creatios multi-channel marketing solution is designed to work in tandem with Creatios sales and service-oriented applications, which can all be integrated on a single, unified platform. Its capabilities can help B2B brands orchestrate customer journeys, accelerate lead-to-revenue cycles, streamline the personalization of cross-channel communications, build segmented audiences, manage marketing campaigns across channels, increase conversion rates, and more. Those capabilities include website behavior tracking, personalized email marketing, event management, lead scoring, embedded machine learning, and more.

Description:HubSpot offers a variety of capabilities centered around marketing, sales, and customer service. With HubSpot Marketing Hub, B2B companies can utilize a unified SaaS platform to attract audiences, convert visitors into customers, and develop inbound marketing campaigns. Marketing Hubs automation capabilities include content management, multi-channel customer engagement, account-based marketing, revenue attribution reporting, sales management, landing pages, email marketing, prospect engagement, service-centric modules, and more.

Description:Oracle offers a variety of cloud marketing products, including Bronto, Eloqua, and Responsys. Each option brings its strengths and customization for your marketing needs. For example, Eloqua is the B2B marketing option, and Bronto is for B2C. Eloquas marketing automation capabilities can help users create closed-loop marketing strategies, manage sales activities, nurture leads throughout the buying processes, develop cross-channel campaigns, and more. The platform can also integrate with Oracle CX Marketing tools, including its advertising, commerce, content management, account intelligence, and CDP modules.

Description:Salesforces B2B marketing automation, formerly known as Pardot, can directly integrate with its CRM system to harness all available data and use it to align sales and marketing efforts, generate leads, and maintain engagement. Salesforces Marketing Cloud Account Engagement Capabilities include lead scoring, real-time sales alerts, email marketing campaigns, lead segmentation, multi-channel engagement, account-based marketing, lead management, reporting, predictive analytics, and more. It tends to focus on mid-market and enterprise organizations in B2B, including financial and high-tech markets.

Description:Zoho is a multinational company specializing in software development, cloud computing, and web-based business tools. It offers a collection of products and applications across major business categories. The company provides an all-in-one marketing automation software capable of helping businesses manage their marketing activities across channels, generate leads, and convert them into customers. Specific capabilities include lead management, multi-channel marketing, channel attribution, web behavior marketing, and more. The software can also integrate with Zohos other offerings for expanded functionalities.

William Jepma is an editor, writer, and analyst at Solutions Review who aims to keep readers across industries informed and excited about the newest developments in Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Business Process Management (BPM), and Marketing Automation. You can connect with him on LinkedIn or reach him via email at wjepma@solutionsreview.com.

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