Category Archives: Automation

A perfect storm of surging deal flow and burnt out workers is pushing some investment banks to automate more.

M&A deals are getting done at record levels. And junior bankers, often the ones responsible for the grunt work required to close deals, are waning as firms strive to keep pace. Working remotely has exacerbated the situation, in addition to a labor shortage.

Now, firms are looking to technology to catch up, and maybe even get ahead.

While Goldman Sachs' automation endeavors in its investment bank are not new, the past six months have fortified those efforts.

"It certainly made us re-evaluate and recommit ourselves in the sense that we were already on this path," Akila Raman, chief operating officer of Goldman's investment bank division, told Insider referring to the bank's automation strategy.

Raman and Miruna Stratan, who leads the IBD engineering team, detailed three use cases the bank is eyeing for additional automation.

Over the last several years, Goldman Sachs has worked to automate data scrubbing for company comparison tables, Raman said. The so-called peer sheets are used by investors to size up company prospects against competitors, often including market analyses and charts about pricing, stocks, and interest rates.

It's a time-intensive process and a rote task that's handled by junior bankers. But because many charts are built on market inputs, they're obvious candidates to create a framework where inputs are automatically fed into the pages.

Peer sheets are one component of pitch books, whose assembly is often left to junior bankers and is an area ripe for automation.

While pitch books still hold value, and the process of assembling them won't be fully automated, there is room for streamlining, Raman said.

"Especially if it's a longer term deal process, the client may need to see a particular chart several times. So does somebody physically update that chart, and then copy and paste that into a pitch book, or can technology be levered to take some of those steps out?" Raman said.

Goldman started using sophisticated algorithms two years ago to help bankers identify deal opportunities for clients, Raman said. The algorithms flag if a certain metric in a customer account has hit, meaning bankers can anticipate the client's upcoming needs.

If a customer's balance sheet hits a certain number, the algorithm may suggest the customer will need to issue debt, refinance, or could be a good candidate for equity issuance.The algorithm is designed to help bankers not miss opportunities and prioritize services.

It will also continue to evolve, as bankers can inform the model if a suggestion was helpful or not, giving it an opportunity to improve.

Another ongoing initiative designed to lift banker work is a long-term project of consolidating data in Goldman Sachs' debt capital markets.

To start, the bank is organizing data by financial instrument like bonds, loans, and structured finance products by unifying several legacy systems that are currently in place, Raman said.

Eventually, the bank will develop a single tool for the entire debt capital markets. This should ultimately save bankers time when collating and analyzing data, she added. Raman declined to disclose a specific timeline.

All of the work is done with a goal of receiving constant feedback in order to understand how to better make adjustments, Stratan said.

"You've got to be constantly challenging yourself to figure out what is truly value-add, and what is stuff that technology can do with equal or better impact," Raman said.

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Goldman Sachs Execs on 3 Automation Plays for Its Investment Bank - Business Insider - Business Insider

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Im David Greenfield, Director of Content at Automation World and thanks for joining me for this Take Five with Automation Worldepisode where Ill be explaining why remote access technology is so popular in the process industries.

Now, I should begin by noting that we first noticed the popularity of remote access in the processing industries, as compared to the discrete manufacturing industries, while conducting research into automation technology spending trends for 2021. Two articles weve published so far from this research look at trends for the discrete and batch manufacturing industries. The report on our findings for the continuous process industries will be featured in our August 2021 issue and online as well. I should also note here that PMMI has created a report on adoption of remote access technologies among CPG manufacturers and the OEMs that serve this market.

So, while reviewing the results from the Automation World research, we noticed that remote access technologies ranked among the top five for expected spending in the continuous processing industries. Butit didnt rank that highly for discrete manufacturers.

Considering that a number of the same technologies ranked in the top 5 across all verticalsfor example, data acquisition and analytics, cybersecurity software, and IoT platform software, we were curious as to why remote access would rank so highly among continuous processors compared to the discrete manufacturing industries.

Josh Eastburn, director of technical marketing at Opto 22, suggests the reason for this is largely due to continuous process operations often being in hazardous, restricted, or remote areas. He pointed to the petrochemical industry as a perfect example of this.

And Jesse Hill, process industry manager at Beckhoff Automation, said, In upstream and midstream oil-and-gas applications, the control systems are often in remote locations that are difficult to access. And this can also be the case in downstream oil and gas and other large processing plants. So, even though the location of the assets may be within the confines of the plant itself, the system that needs monitoring and access may be hundreds of meters or even miles away.

Michael Risse, vice president and chief marketing officer at Seeq, pointed out that production assets in continuous processing tend to lend themselves to constant monitoring more so than in discrete industries. He explained that: time series datathe basis for monitoringis often limited to short bursts, such as a weld, a dip tank, or a seal in discrete manufacturing because operations there are more about assembly than long-running processes. This scenario changes, of course, when a discrete manufacturer puts sensors on a device. At that point, telemetry from the sensors is 100% time series data.

Now, despite the differences in remote monitoring use between discrete manufacturers and continuous processors, discrete manufacturing plants still have a need for remote access and monitoring. Aaron Crews, director for modernization solutions and consulting at Emerson said: increased use of remote access in discrete manufacturing was a trend we saw rapidly increase when the global pandemic limited the number of people that could be in a facility at any given time. He added that, because discrete manufacturing industries are more likely to be located close to population centers, having expert personnel arrive onsite is often less complicated and costly than in continuous processing.

And there are specific business trends influencing the increased use of remote monitoring too. For example, many companies are re-evaluating who should handle asset monitoring.

To show how this is playing out, Risse cited a supplier of turbines and steam traps that offers a monitoring system to its customers. He also noted a processing industry customer that has an internal remote monitoring and best practices center for monitoring assets on behalf of the companys plants.

Kevin Finnan, an industry consultant at Yokogawa, also noted this trend saying, Among Yokogawas customers, those most rapidly deploying remote access were those who had already been working on integrated operations or remote operations centers. These customers operate many facilities and are consolidating their subject matter expertise, maintenance support, and other disciplines in key remote locations.

So, I hope you enjoyed this Take Five with Automation World episode and remember to keep watching this space for new episodes each week to help keep you on top of whats happening in the world of industrial automation.

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Remote Access in the Continuous Processing Industry Take Five with Automation World - Automation World

As trend-driven SKU proliferation accelerates in the beverage market, manufacturers are offering products in new formulations and sizes to cater to sustainability and convenience demands. Old products are being reworked into new formulations to address functionality and health goals, along with entirely new offerings.

According to PMMI Business Intelligences new report 2021 Beverage Trends Driving Change, this increased expansion of SKUs has created new considerations for beverage manufacturers, who must accommodate new packaging shapes, sizes, and materials, as well as contend with processing and filling new formulations for entirely new products. We are basically making improvements along the entire line, said one process and automation engineer, upgrading processing equipment, modernizing filling capabilities, and changing packing formats - all due to expanding product diversity.

This has created a need among beverage manufacturers for dynamic machines that are highly flexible in all aspects of production. This equipment must be intuitive, easy to operate, and offer automated product inspection, while also handling a wide variety of product formulations and packaging sizes, shapes, and materials.

IIoT Automation and Digitization

Beverage manufacturers are also turning to automation and digitization to streamline their processes and improve overall efficiency. Manufacturers are using smart automation to streamline changeover speeds, automate complex packaging operations such as building variety packs, and improve efficiency through intuitive and comprehensive HMI and PLC interfaces. These changes are also important in the face of ongoing skilled labor shortages in manufacturing.

Beverage manufacturers are also increasing their level of digitization, by adding technology up and down production lines to gather data and monitor processes. These new sources of data are being used to analyze individual machine functions and overall production operations, to identify and eliminate inefficiencies and maximize uptime and output. 72% of manufactures interviewed for the report are increasing their levels of data and technology-based solutions, and 33% are specifically looking at adding more robotics to their operations.

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Source: PMMI Business Intelligence, 2021 Beverage Trends Driving Change

PACK EXPO Las VegasandHealthcare Packaging EXPO(Sept. 27-29, Las Vegas Convention Center) will reunite the packaging and processing community. With over 1400 exhibitors, no other event in 2021 will bring together a more comprehensive gathering of suppliersoffering new products, technologies and solutions. Attendee registration is nowopen.

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Beverage Manufacturers Turn to Dynamic Machines and Automation to Meet SKU Expansion - Packaging World

Newport Beach, California-based Innovation Lab, the incubator collaboratively owned by six nonprofit health systems, has partnered with health technology company Olive to co-develop automation solutions for providers.

Part of the Innovation Institute, the lab works with its health system owners to identify unmet needs, create medical products around those and bring them to market, said Ryan Kelly, Innovation Labs general manager, in a phone interview. The institute is a for-profit entity owned by:

Announced Tuesday, the partnership between Innovation Lab and Cleveland-based Olive will focus on artificial intelligence-driven tools that automate and drive efficiencies in operational and clinical workflows, Kelly said. To create these tools, the companies will leverage Olives AI platform and technical expertise, as well as Innovation Labs frontline access to the above health systems executives and innovators.

[We will] identify places where we can bring Olives technology to the table and co-develop a new solution on top of their platform, ultimately with the view to solve [a] problem at the health system, and [also] to take that product and commercialize it broadly, leveraging Olives distribution capability, Kelly said.

Initially, the companies will focus on integrating an Innovation Lab product that connects patients and case managers into Olives platform. The product aims to help patients navigate the journey from acute care to a post-acute care settings.

Thats kind of the low-hanging fruit opportunity that were looking at, but weve also got some other really exciting, more transformative opportunities that we are evaluating, Kelly said.

The new solutions that are co-developed will also be part of the Olive Helps Loop Library, which is similar to Apples App Store but for hospital and health system customers.

This alliance will create a massive opportunity for healthcare leaders, developers and investors across multiple providers and companies to listen, build, learn and release innovation on the Olive platform that improves the human experience for workers and patients alike, said Patrick Jones, executive vice president of Olive, in an email.

The Innovation Institute and lab were established in 2013. The lab acts as the exclusive commercialization partner of the six health system owners, and since its inception, it has successfully commercialized 20 products, ranging from digital solutions to research tools. Revenues from the sale of the products are shared with the owners, which are also often sites for pilots or validation studies.

But now, the Innovation Lab is launching a subscription, or fee-for-service, version of its innovation services for providers outside of the six owners.

This move will help expand the partnership with Olive, Innovation Labs Kelly said.

As we grow in scale through our subscription offering and bring more hospitals and health systems into our ecosystem, it only widens the net for how and where we can source opportunity [for the products we will co-develop], he said.

Photo: Gerasimov174, Getty Images

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Provider-owned Innovation Lab partners with Olive to build automation tools - MedCity News

Solar Farm Automation Market Research Report by Product (DCS, PLC, and SCADA), by Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2026 - Cumulative Impact of COVID-19

New York, July 09, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Solar Farm Automation Market Research Report by Product, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" - https://www.reportlinker.com/p06087949/?utm_source=GNW

The Global Solar Farm Automation Market size was estimated at USD 221.13 Million in 2020 and expected to reach USD 283.47 Million in 2021, at a Compound Annual Growth Rate (CAGR) 28.52% from 2020 to 2026 to reach USD 996.92 Million by 2026.

Market Statistics:The report provides market sizing and forecast across five major currencies - USD, EUR GBP, JPY, and AUD. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2026 are considered the forecast period.

Market Segmentation & Coverage:This research report categorizes the Solar Farm Automation to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Product, the Solar Farm Automation Market was studied across DCS, PLC, SCADA, and Solar Trackers.

Based on Geography, the Solar Farm Automation Market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific is further studied across China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa is further studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.

Cumulative Impact of COVID-19:COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Competitive Strategic Window:The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:The FPNV Positioning Matrix evaluates and categorizes the vendors in the Solar Farm Automation Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Company Usability Profiles:The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Solar Farm Automation Market, including ABB Ltd, Abengoa Solar SA, AllEarth Renewables, Array Technologies, DEGERenergie GmbH & Co. KG, Emerson Electric Co., Energia Ercam S.A., First Solar, Inc., General Electric, Haosolar Co. Ltd, Heliopower, Honeywell International, Inc., M.B Control & Systems Pvt. Ltd., Mecasolar, Mitsubishi Electric Corporation, NEXTracker, Inc., Rockwell Automation, Inc., Siemens AG, Smarttrak Solar Systems, Trabant Solar Inc., and Yokogawa Electric Corporation.

The report provides insights on the following pointers:1. Market Penetration: Provides comprehensive information on the market offered by the key players2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:1. What is the market size and forecast of the Global Solar Farm Automation Market?2. What are the inhibiting factors and impact of COVID-19 shaping the Global Solar Farm Automation Market during the forecast period?3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Solar Farm Automation Market?4. What is the competitive strategic window for opportunities in the Global Solar Farm Automation Market?5. What are the technology trends and regulatory frameworks in the Global Solar Farm Automation Market?6. What is the market share of the leading vendors in the Global Solar Farm Automation Market?7. What modes and strategic moves are considered suitable for entering the Global Solar Farm Automation Market?Read the full report: https://www.reportlinker.com/p06087949/?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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Solar Farm Automation Market Research Report by Product, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19 - Yahoo Finance

MELBOURNE, Australia, July 8, 2021 /PRNewswire/ --FlexRule, listed amongst the 10 Australian SaaS Companies to Watch in 2021presents FlexRule X, the next-gen end-to-end decision automation platform delivers the perfect combination of rule-based decisioning, human workflow, machine learning, and decision robotics for leaders to improve the quality and speed of their key business decisions.

FlexRule X is the most advanced and comprehensive end-to-end decision automation platform packed with powerful capabilities required for automating business decisions. FlexRule is giving early access to the platformfor you to explore all these features and more.

FlexRule X platform democratizes decision automation and enables leaders to use the right AI technology for the right problem, thus ensuring success, maximizing ROI of automation initiatives, and delivering real business values. It empowers business, operation, and technology leaders to improve the speed and quality of key business decisions that are influenced by infinite and frequent changes in regulated environments.

About FlexRule

FlexRule Advanced Decision Management Suitea powerful, low-code, unified platform, architected for the businesses to make optimized, customer-centric, and situation-aware decisionsenabling organizations to automate end-to-end operational decisions and tactical business decisions across business rules, processes, data, analytics, and robotics. With customers ranging from start-ups to large enterprises to government agencies, FlexRule has delivered game-changing business results across many industries such as Finance, Healthcare, Energy, insurance, banking, telecom, security & risk management, technology & consulting, and supply chain & logistics.

Website:www.flexrule.comLinkedIn:https://www.linkedin.com/company/flexrule

SOURCE FlexRule Pty Ltd

End-to-End Decision Management Suite

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Introducing FlexRule X, the Next Generation of End-to-End Decision Automation Platform: Ready for Early Access - PRNewswire

List of the Companies Profiled in the Global Network Automation Market: 6Connect, Inc. (California, United States), Anuta Networks International, LLC (Dublin, Ireland), AppViewX, Inc. (New York, United States), Apstra, Inc. (California, United States), Arista Networks, Inc. (California, United States), BlueCat Networks, Inc. (Toronto, Ontario), BMC Software, Inc. (Texas, United States), Cisco Systems, Inc. (California, United States), Cumulus Networks, Inc. (California, United States), Entuity, Inc. (London, United Kingdom), Fujitsu Ltd (Tokyo, Japan), HCL Technologies, Ltd (Noida, India), HelpSystems, LLC. (Minnesota, United States), IBM Corporation (New York, United States)

Pune, India, July 08, 2021 (GLOBE NEWSWIRE) -- The global network automation market size is expected to experience significant growth by reaching USD 22.58 billion by 2027 while exhibiting a stellar CAGR of 24.2% between 2020 and 2027. This growth is attributable to the surging investment in development and implementation of advanced technologies and the increasing adoption of connected devices that favor the adoption of innovative network automation solutions globally. Fortune Business Insights, in its latest report, titled, Network Automation Market Size, Share & COVID-19 Impact Analysis, By Component (Solution, Services), By Network Type (Physical, Virtual, Hybrid), By Deployment (On Premises, Cloud), By Organization Size (Large Enterprises, SMEs), By End User (IT and Telecom, BFSI, Manufacturing, Energy and Utilities, Healthcare, Education, Others), and Regional Forecast, 2020-2027., mentions that the market stood at USD 4.00 billion in 2019 and is projected to showcase an exponential growth in the forthcoming years.

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SEGMENTATION

Solution Segment to Hold Highest Market Share Backed by Surging Adoption of Automated Solutions

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The solutions segment, based on the component, is expected to experience considerable growth backed by the increasing adoption of these solutions by operation teams to deliver efficient business processes.

What does the Report Provide?

The Network Automation Market report includes an in-depth analysis of several factors such as the key drivers and restraints that will have an impact on the market. Furthermore, the report includes significant insights into the regional insights that include different regions, which are contributing to the market growth. It includes the competitive landscape involving the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, collaborate, and acquire other companies that will contribute to the market growth during the forecast period. Moreover, the research analyst has adopted several research methodologies such as Porters five forces analysis to obtain information about the current trends and industry developments that will drive the market growth between 2020 and 2027.

Click here to get the short-term and long-term impact of COVID-19 on this Network Automation Market.

Please visit: https://www.fortunebusinessinsights.com/network-automation-market-104466

Reduced Investments in Development of New Automation Services amid COVID-19 to Hinder Growth

The economic loss suffered by the SMEs since the first quarter of 2020, has propelled them to cut down expenses on business operations. This has led to a temporary reduction in the investments on the development of new advanced network automation solutions by the companies that is leading to a restraint market growth globally. However, post-pandemic, the introduction of 5G technology, along with the increasing need for the adoption of digitalization in business processes is expected to favor the market growth in the near future.

Network automation is a process that involves automation of networks and their services that include operations, planning, deployment, and optimization, among others. Additionally, it adopts advanced software to provide security and efficient management to maximize network functionality for the business processes across the globe.

REGIONAL INSIGHTS

North America to Remain Dominant; Rising Investment in 5G Project to Promote Growth

Among all the regions, North America is expected to remain at the forefront and hold the highest position in the global network automation market during the forecast period. The region stood at USD 1.33 billion in 2019 and is expected to gain momentum owing to the rising investment in 5G projects in the region. Additionally, the growing focus on deploying advanced wireless network automation solutions by the major companies in the region will favor market growth.

Europe, on the other hand, is anticipated to showcase significant growth owing to the increasing need for network optimization and compliance management backed by the surging number of internet subscribers in the region between 2020 and 2027.

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COMPETITIVE LANDSCAPE

Key Players Focus on Business Transformation by Partnering Other Companies

The global network automation market comprises small, medium, and large companies striving to gain a major chunk and further maintain a stronghold. They are doing so by focusing on partnering with other companies to develop advanced solutions and boost their sales revenue. Furthermore, other key players are adopting strategies such as the introduction of new products, facility expansion, and merger and acquisition to maintain their presence in the fiercely competitive global marketplace.

Industry Development:

June 2020 Anuta Networks announced its partnership with Juniper Networks to integrate its advanced ATOM platform into Junipers existing network automation portfolio. The partnership is anticipated to cement their position in the market and further aid in catering to the increasing demand for innovative network automation services.

List of the Companies Profiled in the Global Network Automation Market:

6Connect, Inc. (California, United States)

Anuta Networks International, LLC (Dublin, Ireland)

AppViewX, Inc. (New York, United States)

Apstra, Inc. (California, United States)

Arista Networks, Inc. (California, United States)

BlueCat Networks, Inc. (Toronto, Ontario)

BMC Software, Inc. (Texas, United States)

Cisco Systems, Inc. (California, United States)

Cumulus Networks, Inc. (California, United States)

Entuity, Inc. (London, United Kingdom)

Fujitsu Ltd (Tokyo, Japan)

HCL Technologies, Ltd (Noida, India)

HelpSystems, LLC. (Minnesota, United States)

IBM Corporation (New York, United States)

Infoblox (California, United States)

Intraway Corporation (Argentina)

IPsoft, Inc. (New York, United States)

Juniper Networks, Inc. (California, United States)

NetBrain Technologies, Inc. (Massachusetts, United States)

Onapsis Inc. (Massachusetts, United States)

Red Hat, Inc. (North Carolina, United States)

Riverbed Technology, Inc. (California, United States)

Veriflow Systems, Inc. (United States)

VMware, Inc. (California, United States)

Quick Buy - Network Automation Market:https://www.fortunebusinessinsights.com/checkout-page/104466Table Of Content:

Introduction

Key Takeaways

Market Dynamics

Macro and Micro Economic Indicators

Drivers, Restraints, Opportunities and Trends

Impact of COVID-19

Short-term Impact

Long-term Impact

Competition Landscape

Business Strategies Adopted by Key Players

Consolidated SWOT Analysis of Key Players

PESTLE Analysis

Porters Five Force Analysis

Supply chain Analysis

Global Network Automation Key Players Market Share Insights and Analysis, 2019

Key Market Insights and Strategic Recommendations

Primary Interviewees Key Responses

Companies Profiled (Covered for key 10 players only)

Overview

Key Management

Headquarters etc

Offerings/Business Segments

Key Details (Key details are subjected to data availability in public domain and/or on paid databases)

Employee Size

Key Financials

Past and Current Revenue

Gross Margin

Geographical Share

Business Segment Share

TOC Continued!

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Network Automation Market to Hit USD 22.58 Billion by 2027 Backed by Increasing Adoption of Connected Devices Worldwide, reports Fortune Business...

Automation is the ability to transform raw material into a finished product with very little human interaction, said Douglas Clark, lead instructor in TSTCs Automation and Controls Technology program in Marshall.

Automation, which combines instrumentation, mechatronics and robotics, is increasing in East Texas and throughout the nation, Clark said.

Right now, I cant place as many students as there are jobs, he said. Manufacturing has gone through a new era. It is called Industry 4.0, the Fourth Industrial Revolution. It is a revolution of smart devices. We are at a point where everything can communicate with everything else via smart devices. That has changed everything with manufacturing.

Some of the automation jobs open now in East Texas include those for automation engineers, automation technicians and electrical maintenance technicians, according to Indeed.com.

TSTC Automation and Controls Technology graduates have been hired by AEP, Phillips 66, Worley and other companies, according to information from TSTCs Career Services department.

Todays students, and tomorrows industrial leaders, must be automation-savvy, said Doug Shryock, director of workforce and economic development at the East Texas Council of Governments in Kilgore. They must have foundational knowledge and be fearless in learning new applications and techniques. Companies in the age of telemarketing looking to hire are less concerned about where their employees sit, and more concerned about connectivity and technological aptitude.

The World Economic Forum has estimated that by 2030 more than one billion people will need to be reskilled because of job transformation during the Fourth Industrial Revolution.

Maybe it (automation) will do away with certain traditional jobs, but it will create specific jobs that understand how the robotics work, how the operations work, how manufacturing works, how smart sensors work and how to interpret the data, said Roland Leija, lead instructor in TSTCs Mechatronics Technology program in Harlingen. What we are doing is training that generation of technicians that is familiar with smart systems, automation systems and Industry 4.0.

Leija said workers may find themselves next to cobots, collaborative robots that have built-in sensors. He said they are low-velocity robots that can be within inches of a person and stop if bumped into. He said preventive maintenance is a key component of automation. Workers will be needed to maintain conveyor belts, robots and other equipment.

Clark said it is critical to tout the benefits of automation jobs and the salaries that can be earned to students before they enter college. But workers already in different stages of their careers also need to consider the future of automation jobs.

We have a great opportunity to train that young workforce to be ready and willing to tackle this new technology, and the companies will prosper because of that, Clark said.

Leija is excited about the future of automation and its job potential.

It is only going to get better, Leija said. At some point, it will transition to some basic levels of artificial intelligence where you will have a system to manage certain things, maybe with some human interactions and permissions given to it.

Registration continues for the fall semester, and scholarships are available. For more information, go to tstc.edu.

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Job market promising for TSTC Automation and Controls graduates - (MARSHALL Texas) The 10 letters that make up the word automation carry a lot of...

Artificial intelligence (AI), automation and big data analytics projects are fueling a fundamental shift towards flash-based object storage, new data suggests.

This is according to a new report from software-defined object storage firm Scality, which found that, while some businesses expect the change to happen within a year, others believe a three-year time period is more realistic.

Polling IT decision-makers in the UK, France and Germany, the company discovered that most organizations looking to deploy advanced AI or ML projects are pivoting towards all-flash object storage, as it provides comprehensive data protection and rapid access to massive volumes of unstructured data.

While 90 percent of respondents across all three countries believe the move will take five years, the majority of French firms (76 percent) expect the change to wrap up within three.

A slim minority (3 percent) even think the change could occur within a year - mostly UK firms in the IT, technology, telecommunications, retail, distribution, and transport industries.

As flash becomes available at higher densities and lower costs, it is now suitable for high-capacity data storage, explained Paul Speciale, Chief Product Officer at Scality.

Object storage has begun to embrace flash media and, as the cost of flash decreases, it is likely to become the default media for object storage and will effectively make object storage the new primary storage for a much broader range of applications.

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AI and automation are driving a shift in the storage market - ITProPortal

You can pull a less-skilled worker in and have them adapt to our system much easier, said Ryan Hillis, a Meltwich vice president. It certainly widens the scope of who you can have behind that grill.

With more advanced kitchen equipment, software that allows online orders to flow directly to the restaurant and other technological advances, Meltwich needs only two to three workers on a shift, rather than three or four, Mr. Hillis said.

Such changes, multiplied across thousands of businesses in dozens of industries, could significantly change workers prospects. Professor Warman, the Canadian economist, said technologies developed for one purpose tend to spread to similar tasks, which could make it hard for workers harmed by automation to shift to another occupation or industry.

If a whole sector of labor is hit, then where do those workers go? Professor Warman said. Women, and to a lesser degree people of color, are likely to be disproportionately affected, he added.

The grocery business has long been a source of steady, often unionized jobs for people without a college degree. But technology is changing the sector. Self-checkout lanes have reduced the number of cashiers; many stores have simple robots to patrol aisles for spills and check inventory; and warehouses have become increasingly automated. Kroger in April opened a 375,000-square-foot warehouse with more than 1,000 robots that bag groceries for delivery customers. The company is even experimenting with delivering groceries by drone.

Other companies in the industry are doing the same. Jennifer Brogan, a spokeswoman for Stop & Shop, a grocery chain based in New England, said that technology allowed the company to better serve customers and that it was a competitive necessity.

Competitors and other players in the retail space are developing technologies and partnerships to reduce their costs and offer improved service and value for customers, she said. Stop & Shop needs to do the same.

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Pandemic Wave of Automation May Be Bad News for Workers - The New York Times