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Category Archives: Automation
Worldwide Nordic Building Automation and Control Industry to 2027 – by Type, Offering, Industrial Vertical and Country – ResearchAndMarkets.com -…
Posted: March 31, 2021 at 6:37 am
Bloomberg
(Bloomberg) -- Axel Kicillof relished the role he played in the Argentine government years ago: the brash left-wing economy minister who clashed at every opportunity with foreign investors. They hated him and he loved it.Today, Kicillof is once again locked in a bruising battle with financiers in New York and London. This time its as governor of Buenos Aires, which, along with nearly a dozen other provinces, called for debt restructuring talks last year as the federal government began negotiations of its own with creditors. But unlike the others, Buenos Aires has yet to emerge from default. In fact, 10 months after Kicillof halted payments on $7.1 billion worth of bonds, barely any progress has been made in talks.With the bonds now languishing at just 35 cents on the dollar in secondary markets and not a penny of interest income flowing their way, creditors are growing tired of the stalling and the disinterest displayed by Kicillofs aides. Last week, funds from the Buenos Aires Ad Hoc Bondholder Group sued the province in U.S. court for unpaid principal and interest.This gambit, analysts say, may help jump-start the process by forcing the province to take a more active role in negotiations. But, they warn, theres another dynamic at play that threatens to only embolden Kicillof to further radicalize his hard-line approach. The federal government -- under the growing influence of Vice President Cristina Fernandez de Kirchner, a mentor to Kicillof -- is aggressively pushing for concessions to refinance a $45 billion failed program with the International Monetary Fund.The governments newly restructured sovereign bonds, like the defaulted Buenos Aires bonds, now trade below 40 cents on the dollar, a reflection of how badly the countrys economy and finances have been battered by the pandemic and lack of credibility.For Kicillof, this is political, said Diego Ferro, founder of M2M Capital in New York, a veteran debt investor who doesnt hold bonds of the province. Which means that unless he gets a deal consistent with what Argentina got, it will reflect poorly on him.And as August primaries and October mid-term elections get closer, politics will play an ever larger role in shaping all aspects of policy. Cutting a deal with the IMF or provincial bondholders isnt a priority, especially during a pandemic.Buenos Aires has extended the deadline on its debt proposal no fewer than 13 times. But last week, the province published details of a new one shown to New York-based hedge fund GoldenTree Asset Management, one of its largest creditors. It was swiftly rejected -- as was the counteroffer.The next day, the creditor group, including GoldenTree, submitted two legal claims against the province in the U.S District Court of New York seeking $366 million in unpaid interest and principal.Theres definitely more pressure with the litigation now ongoing, said Carlos de Sousa, an emerging market portfolio manager at Vontobel Asset Management in Zurich. Kicillof is quite ideologically driven and close to Cristina. And thus his lack of cooperation with creditors until recently.The provinces bonds due 2027 fell 0.3 cent to 37.7 cents on the dollar at 4:50 p.m. in Buenos Aires.Those who observed Kicillof as Economy Minister between 2013-2015 under then president Fernandez de Kirchner know that he doesnt quickly surrender in high profile conflicts with creditors. Back then he battled Paul Singers Elliott Management and other holdouts, insisting that Argentina couldnt comply with a ruling in their favor and eventually opted to default again with the presidents blessing.And while hes delegated negotiations this time around as governor to his provincial Economy Minister Pablo Lopez, hes very much involved.Read More: Buenos Aires Province Weighs Next Steps After Creditor LawsuitThe legal claims are only a strategy to pressure the government and the province will still have 60 days to respond, Lopez said in an interview last week. While Kicillof, 49, doesnt directly participate in conversations with bondholders, Lopez frequently discusses the debt restructuring process with him, he said.He is focused and interested, Lopez said. The debt negotiation is determined by the provincial government.The province is bigger than many countries and represents half of the debt from regional governments. Home to almost 18 million people and accounting for two-fifths of Argentinas GDP, its a critical political battleground in any election.Last week at an event, Fernandez de Kirchner, who hand-picked Alberto Fernandez as the presidential candidate in 2019, railed against the IMF and the terms being sought to renegotiate the largest credit agreement ever struck with the Washington-based lender. Bond prices fell.We cant pay because we dont have the money, she said, with Kicillof nodding in the background. While they spoke, Economy Minister Martin Guzman was wrapping up a trip to Washington after meeting IMF officials.After Fernandez took power in December 2019, Buenos Aires Province was the first to default on its debt payments in May. Days later, the federal government followed suit, along with several other provinces over the course of the next months.Since then, the government and eight provinces have settled with creditors. Deals ranged from about 55 cents on the dollar for the government while many regional authorities agreed to much smaller discounts, between 83.4 and 96.3 cents considering a 10% exit yield. While a few small provinces also remain in talks, Buenos Aires, which offered to pay about 65 cents, is the last major holdout.As economy minister, Kicillof negotiated a settlement with Spains Repsol SA after the government seized its stake in oil producer YPF SA in 2012, agreeing to compensate the company with bonds. He also struck a deal with the Paris Club of creditors.Those events give some investors hope that hell eventually come around to an agreement. Still, his rhetoric remains combative. Speaking at an event on Friday, Kicillof called investors unsupportive and intransigent.Court claims arent going to lead to solutions to the root problems, he said. We remain open to dialogue to reach an agreement thats convenient to creditors and that the province can pay.Even after the lawsuit was filed, Kicillof has little financial incentive to reach a settlement soon or offer concessions to creditors. The province realistically has no chance of tapping international markets for fresh funding, so it has little to lose in dragging out talks. And if a court ruling were to go against it, the provinces lawyers could appeal the case several times, and that could stretch the saga into the next gubernatorial elections in 2023.I dont see a situation where Kicillof agrees to a deal thats better than what the sovereign agreed to, Ferro said.(Updates with bond move in 11th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.2021 Bloomberg L.P.
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Senior BDK partners team up to found document automation startup – The Global Legal Post
Posted: at 6:37 am
Venture by Tijana Kojovic and Dragoljub Cibulic builds on Serbian firm's own tech offering
Two senior partners at top Serbian firm BDK have launched a legal technology document automation startup to help in-house teams streamline the creation of standardised legal documents.
The startup, Draftomat, was conceptualised and financed by managing partner and co-founder Tijana Kojovic and co-senior partner Dragoljub Cibulic. Its launch comes a year after the firm unveiled its first document automation offering, Blinkdraft. Unlike Blinkdraft, Draftomat exists as an independent venture spearheaded by Kojovic and Cibulic.
Draftomat builds on the existing foundation laid by Blinkdraft and updates it for a more wide-ranging target client-base that includes law firms, HR departments, banks, notaries and insurance companies.
Vojislav Bajic, business development manager at BDK, said: The uniqueness of Draftomat is in its multifunctionality and integrability with various databases, and in that it is a front-end tool for secure digital service offerings to the licensees clients.
The software began as a two-pronged product in the form of an internal document automation service that could be used for drafting processes and a client space to offer a template-as-service solution, dubbed Draftomat Drafts and Draftomat Galaxy respectively.
Working alongside a team of software developers, Kojovic and Cibulic built out the platforms capabilities to include Draftomat Knows, which provides access to institutional memory through a tag and store feature allowing users to more easily retrieve legal knowledge.
Draftomat also includes a suite of additional features, including mass document production and the ability to connect user data repositories and external business registries to document templates.
As partners in a law firm, we have always been focused on finding ways to do things more efficiently without it compromising on quality standards, Kojovic and Cibulic wrote on Draftomats website. It seems that us lawyers have a unique perspective on how the software should actually serve us and our clients, based on our everyday experience.
The product will initially be available to the South Eastern European market with plans to expand its reach to the wider European and global markets, according to the firm.
Launched in 2004, BDK has offices in Belgrade, Podgorica in Montenegro and Banja Luka in Bosnia and Herzegovina.
Last month, Linklaters unveiled a new contract automation platform, CreateiQ, developed in conjunction with its flagship tech group Nakhoda to improve upon existing laborious contracting mechanisms with data-driven solutions.
Independent law firms developing their own legal tech or consultancy services include Spains ECIJA, which this month acquired Valencia-based consultancy Revamp Law to expand its legaltech, cybersecurity and technology services, and Italys BonelliErede, which spun out its legal services provider business beLab as a standalone company last October.
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Automation Workz Now Offering Diversity Culture Audits to Increase Black Consulting Business Contracts – PRNewswire
Posted: at 6:37 am
DETROIT, March 30, 2021 /PRNewswire/ --Many companies pledged to increase their diversity after the death of George Floyd, a Black man at the hands of a white police officer, roiled the nation. Thus far, however, the pledges have not resulted in more contracts with Black consulting businesses, says Ida Byrd-Hill, CEO of Automation Workz, a cybersecurity reskilling and diversity consulting firm.
The report, "Why Are Black Employers More Likely than White Employers to Hire Blacks?" written by Stoll, Raphael, and Holzer, shows a large percentage of Black consulting businesses hire Black people. Black women have suffered the greatest job losses of any minority population during the pandemic even as Black consulting businesses are not getting their share of business contracts, to continue their employment, Byrd-Hill says.
This is true even in the automotive supply chain which has supplier diversity departments to assist Black businesses in acquiring contracts. Still, those departments are not responsible for consulting contracts in media, marketing, HR, training, meeting planning, finance, real estate and technology. Often, those contracts and bids are not publicly disseminated, Byrd-Hill says.
"As the CEO of a certified minority supplier, Automation Workz, that provides Diversity Culture Audits to break down the discriminatory walls of business, I believe American, Japanese and Korean automotive companies need a Diversity Culture Audit to determine why Black consulting businesses are not acquiring 14% of contracts from them, especially since African Americans buy a lot of cars," Byrd-Hill says.
Diversity is not just a social justice issue; it is an economic imperative to seize $9 trillion in diverse populations' spending power. Diverse consulting suppliers and employees are ambassadors to seize this spending power. "A Diversity Culture Audit documents the mindset of executives, reviews the operations of multiple departments then coaches them to create plans to acquire more diverse market share," she says. When the Diversity Culture Audit is completed and a strong executive coach regiment is installed, the process of increasing revenue with diversity, flourishes, Byrd-Hill says.
Attention meeting planners: Ida Byrd-Hill, CEO, Automation Workz, is available to turn this serious discussion into a lighthearted speech for your next executive meeting.
Watch a video of Diversity Culture Audit concepthere.
About Ida Byrd-HillIda Byrd-Hill is an economist, futurist, educator and author ofInvisible Talent Market. She holds an MBA from the Jack Welch Management Institute at Strayer University, with a specialization in people management and strategy. Byrd-Hill has appeared on Good Morning America, numerous radio stations and podcasts.
Contact: Ida Byrd-Hill, (313) 483-2126;[emailprotected];http://www.autoworkz.org/
SOURCE Ida Byrd-Hill
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How the next generation of automation will drive warehouses of the future – Business Insider
Posted: at 6:37 am
COVID-19 has upended many businesses, but none more so than brick and mortar stores that rely on foot traffic. The combination of government-mandated shutdowns and consumer worry made these retailers' sales tank in 2020, with almost 10,000 U.S. stores closing permanently. But consumers didn't stop shopping trapped at home, they took their buying online, which led to an e-commerce boom.
That boom has strained distribution and fulfillment centers, which every online order passes through before reaching a buyer's doorstep. The pandemic exacerbated existing labor shortages in these warehouses; meanwhile, consumers expect online orders to arrive faster than ever, with two-day shipping the new standard. Warehouses are under tremendous pressure to do more with less.
These challenges won't go away when the pandemic ends. In fact, IBM research shows that COVID accelerated the shift to e-commerce by 5 years. To keep up with this growth in e-commerce and to compete against the likes of Amazon, companies have begun viewing automation as more than a competitive advantage it's now a necessity. Warehouses must embrace new automation technologies like robotics and connected devices. Existing automation has already improved safety and efficiency, and warehouses that embrace the next generation flexible solutions for monitoring and changing workflows on demand will flourish. Here's how automation has already addressed some of the biggest warehouse challenges and what's next.
The world has changed drastically in the last half century, but some warehouses haven't. Many remain labor intensive, relying on workers to find a specific item in a sea of products and walk with it, sometimes miles, to the right processing station.
As the pandemic increased demands on warehouses, many companies struggled to hire staff to keep up while following COVID-19 regulations. Facing growing order volumes, these companies had to rely on staff to walk miles every day to pick products off shelves and keep operations running.
Among warehouses that have embraced automation, the pandemic proved all automation is not created equally. Many warehouses that have automation in place rely on fixed solutions such as conveyors and sortation systems, which can take 6-9 months to implement and are difficult to adjust to support new workflow needs. These fixed solutions were pushed to their limit in 2020, as facilities sought to meet new demands and make changes to their workflows on the fly.
In response, some companies have begun automating specific workflows within their warehouses to reduce pressure on workers and increase productivity. COVID-19 accelerated this trend as facilities had to adopt social distancing rules and limit the number of workers in their facilities. In some of these facilities, employees now work side-by-side with mobile robots that quickly move goods across long distances, reducing physical strain on workers and speeding up production.
Automation also makes it easier for companies to operate warehouses in smaller facilities. As retail foot traffic dried up and online demand soared, some companies outfitted old retail stores that are closer to population centers as distribution centers. Using robots to power operations at all hours, they can fulfill and deliver orders faster.
Historically, a major sticking point in automation adoption is the time and cost of installation. Installing fixed automation systems requires facilities to cut operations in half for weeks. That obstacle is fading: new flexible automation solutions can be operational in a day. For example, warehouse workers can unbox a mobile robot, connect it to wifi and have it autonomously moving materials within hours.
In the case where there is a large investment in fixed automation that companies want to leverage, but still implement flexible automation like AMRs, cloud-based AMRs offer a way to bridge the gap between these two types of automation. For example, AMRs can autonomously move totes on and off a conveyor system by moving to the end of the conveyor, letting the cloud software know that it is next to the conveyor, and have the cloud software turn on the conveyor system and the rollers on top of the AMR to move a tote on or off the AMR. The same sort of integration can be used with other types of fixed automation.
Even after automation is installed, another challenge is that warehouse work effectively happens in a black box. Facility managers see what goes in and out, but not which aisles are congested or when a forklift moves too fast. Mobile robots with sensors can help by acting as "hall monitors," showing managers the floor in real-time. Managers can spot inefficiencies and dangers, then create strategies to increase productivity and stop accidents before they happen.
As the shift from physical stores to e-commerce continues, warehouses will be more essential than ever to companies' relationships with their customers and their bottom lines. With an ongoing labor shortage and heightened consumer demand, warehouses that embrace a new generation of flexible automation will be safer and more efficient.
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The Most Recent Developments in Automated 3D Printing – AZoM
Posted: at 6:37 am
Image Credit:FabrikaSimf/Shutterstock.com
Individually, automation and 3D printing are powerful tools, but when combined can achieve groundbreaking results. In one recently debuted initiative, researchers have created an automated manufacturing line that is capable of 3D printing custom low-cost prosthetic limbs. In another development, mostly automated 3D printing is slated to fabricate an entire neighborhood of homes in California that are designed and priced for the middle class.
The cost of a prosthetic can run anywhere from $3,000 to $100,000. Because of this, quite a few amputees are unable to access these crucial medical devices, which must be customized to individual patients. Custom prosthetics usually call for a costly manual fitting from skilled professionals to attain ideal results.
In a newly debuted process from scientists at the Israeli Institute of Technology, an amputee's unaffected extremity can be scanned, customized using CAD software, and used to print a replacement device. The system produces life-like prosthetics with advanced gripping capabilities, in the case of upper limbs.
In addition to being cost-prohibitive, prosthetics come with several other issues that result in high rates of rejection, including their look, weight, gripping force, and absence of sensory feedback. Patient rejection can have serious physical consequences, including skeletomuscular degeneration, uncomfortable inflammation, and a multitude of other possibly acute difficulties.
Additive manufacturing, or 3D printing, processes have made it possible to decrease the number of steps needed to build prosthetics while opening possibilities for more complex designs. The new Israeli system leverages a digital design pipeline to churn out affordable devices with minimal human intervention.
The new production line comprises four fundamental stages: scanning, design, fabrication, and assembly. For the scanning phase, the team developed a low-cost custom scanner for approximately $40.
Throughout the design phases, the appearance of the device could be tailored to suit personal preferences. Patients can choose between body-powered and more sophisticated control mechanisms. Once a final design has been approved, an STL file is sent for printing.
Even though the scientists process still calls for various parts to be manually assembled, the Israeli team said its system could still be optimized to accelerate the process, making fabrication straightforward, fast, and accessible.
The prosthetics produced by the system are capable of holding common items and pouring liquids for more than 50,000 repetitions. In other exams, the prosthetics showed the capability to adjust their degree of grip to both soft and hard objects, with on-board motors halting at different times based on degrees of resistance. Importantly, when devices made by the system were shown to amputees, the reviews were positive, suggesting patients may not reject them based on appearance.
The team said its automated 3D printing production line could drastically decrease the cost of prosthetics for those who need them.
A construction technology business is expected to yield the first 3D-printed neighborhood in California, United States.
Inside a large Oakland, California warehouse, Mighty Buildings fabricates homes using 3D printers the size of compact garages. With as much as 80% of the process being automated, according to the company, construction requires 95% fewer labor hours. It also uses 10 times less waste than standard construction methods.
Video Credit:Mighty Buildings/YouTube.com
Mighty Buildings has said it can create housing units in the span of two to three weeks, at a price thats approximately 40% of similar-quality builds and with nearly zero waste. Walls are fabricated using a gantry-supported 3D printer with a total range of motion.
The system applies thermoset composite layers that harden into a masonry-type material, which is comparable in durability to concrete, but lightweight, self-supporting, and insulating. After fabrication is completed, a 3D scanner makes sure that the structure fits the digital design file. Robotic milling and spraying arms then add detail and functionality. Because the construction material hardens quickly, a roof, additional insulation, and exterior features can all be added during the initial fabrication process.
The homes slated for Rancho Mirage in the Coachella Valley area of California will feature mid-century contemporary design and include three bedrooms and two bathrooms inside 1,450 square feet. A second, smaller residence on the same 10,000 square-foot plot of land will feature two bedrooms and one bathroom.
Each lot will feature a swimming pool and optional amenities, including fire pits, hot tubs, and cabanas. Prices have been set at $595,000 for a basic primary residence model, and increase to $950,000 for a deluxe, two-home property.
Mighty Buildings said the project is focused on providing housing options for the housing markets "missing middle": teachers, firefighters and others who serve their community, but who cannot afford a suitable home due to sky-high California real estate costs.
Hanaphy, P. Scientists create fully-automated 3D printed prosthetic production line. 3D Printing Industry. [Online] Available at: https://3dprintingindustry.com/news/scientists-create-fully-automated-3d-printed-prosthetic-production-line-185892/
Paul, K. 'The future of housing': California desert to get America's first 3D-printed neighborhood. The Guardian. [Online] Available at: https://www.theguardian.com/technology/2021/mar/18/california-housing-coachella-3d-printed-houses
Disclaimer: The views expressed here are those of the author expressed in their private capacity and do not necessarily represent the views of AZoM.com Limited T/A AZoNetwork the owner and operator of this website. This disclaimer forms part of the Terms and conditions of use of this website.
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Logistics Automation Market by Component, Function, Organization Size, Vertical and Region – Global Forecast to 2026 – ResearchAndMarkets.com -…
Posted: at 6:37 am
DUBLIN--(BUSINESS WIRE)--The "Logistics Automation Market by Component, Function (Warehouse and Storage Management, Transportation Management), Organization Size (SMES, Large Enterprises), Vertical (3PL, Retail and Ecommerce, FMCG, Manufacturing), and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global logistics automation market size is projected to grow from USD 48.4 billion in 2020 to USD 88.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period.
The logistics automation market is gaining traction due to digital transformation in the logistics industry, emergence of IoT, exponential growth in the eCommerce industry, advancements in robotics, and growing need to ensure workforce safety.
Based on Function, the warehouse and storage management segment is expected to hold a larger market share during the forecast period
The warehouse and storage management segment is projected to account for a larger market share in 2020 to 2026. The rising need to optimize warehouse spaces and distribution centers is fuelling the importance of warehouse and storage management function. An effective warehouse management system ensures the efficient execution of warehousing operations, such as receiving, slotting, picking, and shipping. This system can process large amounts of data and coordinate movements within the warehouse, which in turn, helps in the efficient management of the supply chain network of a company. Thus, warehouse operating companies are adopting warehouse and storage management solutions to manage inventory by streamlining storage and distribution operations.
Based on Organization size, the SMEs segment to grow at the highest CAGR during the forecast period
SMEs are focused on the deployment of logistics automation solutions to improve competitiveness and reduce operating costs. Despite the high cost involved in automating logistics processes, the adoption of logistics automation solutions provides long-term RoI. However, due to limited budgets, SMEs are unable to automate logistics processes fully. With advancements in automation technology and intense competition among vendors, the cost of automating warehouses is declining. This, in turn, will enable SMEs to adopt automation solutions and services in the near future. Furthermore, the adoption of cloud-based logistics automation software is expected to rise in SMEs as they require only necessary functions and features for small-scale warehouse operations.
Asia Pacific (APAC) region to record the highest growth in the logistics automation market
North America is expected to hold the largest market share during the forecast period and APAC is expected to grow at the highest CAGR during the forecast period. APAC is transforming dynamically with respect to the adoption of new technologies across various sectors, especially in China, Japan, India, and ANZ. These countries have always supported and promoted industrial and technological growth. Also, they possess a developed technological infrastructure, which is promoting the adoption of logistics automation solutions across all industry verticals. Moreover, the eCommerce companies in the region are investing in improving their supply chain network and logistics processes through the adoption of logistics automation solutions. Global companies are significantly investing in the manufacturing, automobile, retail, and healthcare industries in the region. Further, the expansion of the transportation and logistics industry and the increase in trade agreements are key factors projected to drive the growth of the logistics automation market in APAC.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/erxpv
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Global Building Automation and Controls Market (2020 to 2027) – Opportunity Analysis and Industry Forecasts – ResearchAndMarkets.com – Business Wire
Posted: at 6:37 am
DUBLIN--(BUSINESS WIRE)--The "Building Automation and Controls Market by Product Type, Offering and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global building automation and controls market is expected to reach $215.59 billion by 2027 from $101.91 billion in 2019, growing at a CAGR of 11.10% from 2020 to 2027.
Building automation and controls system is an automaticcentralized control system. This system finds application for heating, ventilation, & air conditioning, lighting, and security & access control. Increased demand for energy efficiency and maintaining a secure & safe environment with enhanced user convenience in various industry verticals, such as industrial, enterprises, retail, hospitality, residential, and others, boost the market growth.
The major players in the building automation and controls market are Siemens and Honeywell. This report features information on intelligent building solutions offered by key vendors. Furthermore, the report also highlights the strategies of the market players to improve their market share and sustain the competition.
The global building automation and controls market is expected to witness significant growth during the forecast period, owing to the surging need for advanced energy-efficient interventions, growing deployment of building automation systems, and rise in demand for convenient user experience. Moreover, constant development of the supportive regulatory structure and legislative requirements fuel the demand for intelligent building solutions.
In addition, development of smart cities in emerging countries and government initiatives are expected to boost the growth of the building automation and controls market in the coming years. However, lack of interoperability between devices hampers the growth of the building automation and controls market.
The global building automation and controls market is segmented on the basis of product type, offering, industrial vertical, and region. On the basis of product type, the market is divided into HVAC control, lighting control, and security & access control. Based on offering, it is bifurcated into integration and services. Based on industry vertical, it is classified into residential, enterprise, industrial, hospitality, retail, and others.
Region-wise, the building automation and controls market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Europe accounted for the highest share, owing to the development of wireless technology and increase in construction of smart cities.
Market Dynamics
Drivers
Restraint
Opportunities
Key Players
For more information about this report visit https://www.researchandmarkets.com/r/oyb1eh
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H Mart partners with AutoStore to deploy automated micro-fulfillment center – Modern Materials Handling
Posted: at 6:37 am
H Mart, an Asian-American specialty grocer, has partnered with AutoStore, the Norwegian robotics technology company, in collaboration with Bastian Solutions, to introduce a fully automated micro-fulfillment center to support H Marts online grocery operations in Carlstadt, New Jersey.
Hmart.com has proven to be an important offering to our customers, said Vince Colatriano, Executive Vice President of H Mart. Hmart.com enables our customers to experience the food that lets them feel at home, just as when they shop in-store. Weve partnered with the best automated technology in the field to fulfill our orders quickly and efficiently. Were excited to work with Bastian Solutions and AutoStore to deliver the highest quality Asian products to our customers
AutoStores robotics and WMS technologies combine to provide retailers with a complete MFC solution, increasing fulfillment efficiency for a broad range of grocery packaged goods along with fresh and frozen items. AutoStore states its MFC solution is flexible and scalable, and can even be installed at the back of a store. This enables retailers to reduce the average distance between an MFC and their customer, allowing for both in-store pickup and rapid home delivery.
As a global partner, weve worked on numerous installations that are successfully operating with the award-winning AutoStore system. We look forward to integrating AutoStores robotics and e-grocery WMS with H Marts operations for faster order fulfillment and increased customer satisfaction, said Aaron Jones, President of Bastian Solutions.
H Marts investment in e-grocery automation will not only help the bottom line of their online business but will also benefit their customer base as a whole. Were excited to work with Bastian Solutions in providing H Mart a solution that gives them greater operational efficiency and order accuracy, so customers receive exactly what they ordered, added Mike Demko, the head of AutoStores MFC business line.
Projects like these will change retail forever, and we are very pleased that H Mart chose AutoStore and Bastian Solutions to deliver the future of e-grocery, said Karl Johan Lier, CEO of AutoStore.
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IntelePeer and Enghouse Interactive Collaborate to Create Automated COVID-19 Vaccination Scheduling Solution for Rural Areas – Business Wire
Posted: at 6:37 am
SAN MATEO, Calif.--(BUSINESS WIRE)--IntelePeer, a leading Communications Platform as a Service (CPaaS) provider, and Enghouse Interactive, a leading global contact center and video solutions provider, have partnered to deploy an inbound COVID-19 vaccine scheduling hotline for households that may have trouble scheduling via the internet. The two companies joined forces to create a hotline scheduling solution with geographic routing capabilities, diligently offering vaccine-eligible residents the ability to get an appointment while also helping over 700 contact center agents work more efficiently to increase scheduling despite working from home.
According to a February 2021 Kaiser Family Foundation research project, four in ten adults over the age of 65 said it was difficult to get a vaccine appointment and the FCC estimates 21 million Americans do not have online access. With these troubling statistics in mind, IntelePeer and Enghouse Interactive collaborated to fast-track a COVID-19 hotline to provide those without internet access or who are not considered digitally literate, an easy solution to help schedule vaccines effectively removing the digital divide that has slowed the U.S. vaccine roll-out.
It was critical to help solve heavy inbound calling for residents qualifying to receive the COVID-19 vaccine. By implementing an automated voice solution via a hotline, residents were able to receive information they needed to eliminate the risk of confusion, long hold times, busy signals or dropped calls and bring a positive experience while scheduling to receive the vaccine, said David Thomas, General Manager at Enghouse Interactive, Americas. Working with IntelePeer allowed us to respond in a rapid manner to get our Enghouse CCaaS solution, backed by IBMs Cloud Infrastructure, activated across nine participating contact center groups, comprised of community businesses and volunteers offering remote agent resources and experience.
Prior to this automated solution, calls went to one system and overwhelmed it with information, leading to long wait times or dropped calls. IntelePeers Atmosphere CPaaS and its geographic routing and with its easy to use Atmosphere SmartFlows communication workflow designer have given contact centers the ability to pre-screen based on vaccine qualification criteria for intelligent routing to the right contact center agent. The system also reacts quickly to changes in vaccine availability and can update callers about open vaccine appointments.
As IntelePeer seeks to assist healthcare providers, states, businesses and the underserved public during this crucial time, Enghouse provides added strength and nimbleness as a contact center software partner, said Jeremy Jones, Chief Commercial Officer at IntelePeer. Thanks to their expertise we were able to build and launch a hotline that can meet a high volume of inbound calls and provide a solution that is easy to use, universally available, and improved residents overall experience.
To learn more about how IntelePeer and Enghouse Interactive are helping with COVID-19 Vaccine Distribution, please call 1-855-462-6819.
About Enghouse Interactive
Enghouse Interactive (EI) is a leading global contact center and video solutions provider that has been serving thousands of customers for over 35 years. EI solutions enable customers to deliver winning customer experiences by transforming the contact center from a cost center into a powerful growth engine. EI core values Reliability and Choice are key differentiators in the global marketplace. Reliability speaks to EIs reputation for always honoring commitments to customers, staff, partners and investors. Choice is reflected in the unparalleled breadth of its CX portfolio, which enables customers to choose from a wide array of solutions and consulting practices, whether deployed on-premises, in the cloud or on a hybrid platform. By providing a broad range of technologies and capabilities based on open standards, EI simplifies the advanced integrations that customers require.
About IntelePeer
IntelePeer powers the new customer experience. Our Atmosphere CPaaS enables companies to communicate better driving more revenue, improving their customer experience, and making better business decisions leveraging omni-channel Automation & Self-Service, AI, and Analytics, all delivered through a single easy-to-use cloud platform that works seamlessly with your existing business solutions. For more information visit: http://www.intelepeer.com
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What is Automation? – Definition from Techopedia
Posted: March 25, 2021 at 2:52 am
What does Automation mean?
Automation is the creation and application of technologies to produce and deliver goods and services with minimal human intervention. The implementation of automation technologies, techniques and processes improve the efficiency, reliability, and/or speed of many tasks that were previously performed by humans.
Automation is being used in a number of areas such as manufacturing, transport, utilities, defense, facilities, operations and lately, information technology.
Usually, automation is employed to minimize labor or to substitute humans in the most menial or repetitive tasks. Automation is present in virtually all verticals and niches, although its more prevalent in manufacturing, utilities, transportation, and security.
For example, most manufacturing plants make use of some automated process in the form of robotic assembly lines. Human input is required only to define the processes and supervise them, while the assembling of the various components is left to the machines, which automatically convert raw materials into finished goods.
In the technology domain, the impact of automation is increasing rapidly, both in the software/hardware and machine layer. The implementation of new artificial intelligence (AI) and machine learning (ML) technologies is currently skyrocketing the evolution of this field.
In the information technology domain, a software script can test a software product and produce a report. There are also various software tools available in the market which can generate code for an application. The users only need to configure the tool and define the process.
Advanced business intelligence in applications is another new form of high-quality automation. In other industries, automation has greatly improved productivity in the last decades, saving time and cutting costs.
From the simplest to the most complex application, automation is present in many forms in our everyday life. Common examples include household thermostats controlling boilers, the earliest automatic telephone switchboards, electronic navigation systems, or the most advanced algorithms behind self-driving cars.
Automation makes sure the techniques are used effectively in the delivery of products and services. However, it inherently causes many workers to become unnecessary (especially unskilled ones) and end up being displaced.
Automation will certainly have substantial negative effects on employment and wages for all those occupations that do not require particular training or skills. However, many of these employees could be easily retrained in new jobs, and the impact of this technology on our society is revolutionary enough to create new opportunities for everyone.
According to the World Bank's World Development Report 2019, the positive economic effects in terms of new industries and jobs available far outweigh the negative ones, but automation-based technological unemployment still is a cause for concern.
Despite advances in automation, some manual intervention is always advised, even if the tool can perform most of the tasks. Automation professionals involved in the creation, application, and monitoring of such technologies are in high demand.
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