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Category Archives: Automation
Global Mining Automation Intelligence Report 2020: Summary, Industry Review, Profiles – PRNewswire
Posted: March 21, 2021 at 5:00 pm
DUBLIN, March 18, 2021 /PRNewswire/ -- The "Mining Magazine Intelligence Automation Report 2020" report has been added to ResearchAndMarkets.com's offering.
The Mining Magazine Intelligence Automation Report provides a comprehensive review of automation within the mining industry.
It collates interviews with industry leaders and profiles on mines at various stages of automation to help stakeholders understand the operators and suppliers at the leading edge of this technology.
The data for analysis has been aggregated through a global research effort, combined with qualitative interviews with operators and suppliers wherever possible.
Each profile considers 11 categories: mine type, commodity, location, ownership, equipment, automation overview, commencement date, automation drivers, automation investment, operational personnel and next steps/outlook.
The numbers were crunched according to both number of automated units on site as well as brand.
Key Topics Covered:
CREDITS
FOREWORD
1 EXECUTIVE SUMMARY i Discussion ii Heat Maps
2 INDUSTRY REVIEW i Commentary
3 PROFILES i Precious Metals ii Base Metals iii Other Commodities
For more information about this report visit https://www.researchandmarkets.com/r/4z3evg
Media Contact:
Research and Markets Laura Wood, Senior Manager [emailprotected]
For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
http://www.researchandmarkets.com
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Portland-area marketing automation startup Act-On raises $20M – GeekWire
Posted: at 4:59 pm
Act-On Software CEO Kate Johnson. (Act-On Software Photo)
New funding: Growth marketing automation platform Act-OnSoftware raised $20 million in equity and debt. The company, based in the Portland, Ore. region, aims to help companies generate more revenue and higher customer lifetime value from their users.
The business: Act-Ons technology can help analyze target audience behaviors; create personalized campaigns; optimize website landing pages; and more. The company has a flurry of competitors including Adobe, Oracle, Salesforce, Mailchimp, and several smaller startups.
Leadership: Kate Johnson has been CEO since 2018; she was previously Act-Ons chief financial officer for more than three years. She also held leadership roles for six years at Portlands Jive Software, which included helping take the company public.
Investors: U.S. Venture Partners (USVP), Technology Crossover Ventures (TCV), Norwest Venture Partners, Voyager Capital, Beedie Capital, and the companys founder Raghu Raghavan participated in the latest round of funding. Total capital raised to date is $82 million. Act-On employs 155 people.
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Virtual Summit to put spotlight on logistics and supply chain automation – Trade Arabia
Posted: at 4:59 pm
Virtual Summit to put spotlight on logistics and supply chain automation
Companies involved in logistics, warehousing, and supply chain will have the chance to learn how automation can improve their performance and help manage the ongoing challenges of Covid-19.
They can also learn to manage disruptions to supply chains, and how to manage social distancing rules and remote workforces, at the Middle East Warehousing, Logistics & Supply Chain Technologies Forum on March 22-23.
The event is timely given that 78% of CIOs from logistics, manufacturing and trade companies in the Middle East, Turkey, and Africa (META) region are currently engaged in, or about to start, a formal digital transformation program, and much of their success may hinge on the type of platform they adopt, according to a recent report from research and strategic consulting firm, IDC.
Furthermore, the potential upside for organizations that get their digital transformation strategy right is significant, with spending on digital supply chain and logistics in META forecast to reach $8.5 billion by 2023, according to a recent IDC report Building the Warehouse of the Future: Catering to the New Decade.
On the first day of the event, Richard van der Meulen, VP solution consulting, Infor Supply Chain, will deliver a keynote on How supply chain transparency is critical for the modern day supply chain.
On day two, Khaled AlShami, senior director, solution consulting, MEA, Infor, will host a panel discussion titled: Smart Warehouse: Adopting new technologies to accelerate the productivity and efficiency of the warehouse.
The panel will feature Angad Singh, regional director, Aramex; Shankar Subramoniam, executive director Freight and Logistics National Association of Freight and Logistics (NAFL), UAE; and Shailen Shukla, chief logistics officer, WIZ Holding, giving broad insights into the potential benefits of adopting smart warehouse solutions.
AlShami said: Organisations in the logistics, warehousing and supply chain sector can turn the challenges they face into opportunities by embracing automation. I look forward to discussing the latest trends, challenges and opportunities with peers at the event, and to raise awareness of the benefits of automation at this event.
Infor is a platinum sponsor of the Middle East Warehousing, Logistics & Supply Chain Technologies Forum. -- Tradearabia News Service
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Amartus Supporting SES with O3b mPOWER Automation – Business Wire
Posted: at 4:59 pm
DUBLIN--(BUSINESS WIRE)--Amartus is supporting SES with its deep expertise in network automation standards and a proven track record adapting commercial B-OSS software platforms to meet the needs of SESs next-generation non-geostationary satellite orbit (NGSO) constellation called O3b mPOWER. The official, multi-faceted cooperation between the companies started in October 2020.
O3b mPOWER is SES's next-generation constellation that operates in the medium earth orbit or 8,000km away from the earths surface. It comprises an initial constellation of 11 high-throughput and low-latency satellites as well as extensive ground infrastructure. The O3b mPOWER communications system will be operational in 2022 and will deliver connectivity services ranging from 50Mbps to multiple gigabits per second to telecommunications, maritime, aeronautical, and energy industries, as well as governments and institutions across the world. The O3b mPOWER satellites are the first from SES to have Full Digital Beamforming Payload, which enables the highest level of flexibility with large frequency routing capabilities and beams able to point anywhere within the field of view. As a result, O3b mPOWER can connect more users while delivering high-standard services.
Amartus is a leader in network and cloud automation software expertise and solutions and an active contributor to standards bodies, including TM Forum (TMF) and MEF. Amartus' highly experienced domain and technical experts work side-by-side with customer teams to define requirements, design and implement solutions to meet their needs. The cooperation between SES and Amartus offers a prime example SES needed support in TMF and MEF telecommunication standards and engaged Amartus for its expertise. The professional partnership has already evolved into more advanced projects applying that expertise to the O3b mPOWER to make it compliant with industry standards and best practices. The cooperation is ongoing.
"We are delighted to support SES in this ground-breaking project, it's a perfect fit for Amartus. Not only do we get to work with the SES team in defining the interfaces part of the O3b mPOWER automation solution, but we are also contributing to its implementation. We're excited to continue the cooperation with SES in 2021," said Marcin Paszkiewicz, CEO of Amartus.
About Amartus
Amartus is a leading innovator in intra- and inter-provider automation and orchestration systems and related expert services. The company is industry-recognized as a leader in network transformation, underpinned by network orchestration and automation. Amartus is an active contributor to industry bodies, such as MEF, TMF, and CBAN.
For more information, visit amartus.com.
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ATS Automation Tooling Systems (TSE:ATA) Has A Pretty Healthy Balance Sheet – Simply Wall St
Posted: at 4:59 pm
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know worries about.' When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin. We note that ATS Automation Tooling Systems Inc. (TSE:ATA) does have debt on its balance sheet. But the real question is whether this debt is making the company risky.
Generally speaking, debt only becomes a real problem when a company can't easily pay it off, either by raising capital or with its own cash flow. Ultimately, if the company can't fulfill its legal obligations to repay debt, shareholders could walk away with nothing. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Of course, the upside of debt is that it often represents cheap capital, especially when it replaces dilution in a company with the ability to reinvest at high rates of return. When we think about a company's use of debt, we first look at cash and debt together.
View our latest analysis for ATS Automation Tooling Systems
As you can see below, ATS Automation Tooling Systems had CA$334.6m of debt, at December 2020, which is about the same as the year before. You can click the chart for greater detail. However, it does have CA$224.5m in cash offsetting this, leading to net debt of about CA$110.1m.
Zooming in on the latest balance sheet data, we can see that ATS Automation Tooling Systems had liabilities of CA$518.0m due within 12 months and liabilities of CA$483.5m due beyond that. On the other hand, it had cash of CA$224.5m and CA$526.5m worth of receivables due within a year. So its liabilities total CA$250.4m more than the combination of its cash and short-term receivables.
Of course, ATS Automation Tooling Systems has a market capitalization of CA$2.49b, so these liabilities are probably manageable. But there are sufficient liabilities that we would certainly recommend shareholders continue to monitor the balance sheet, going forward.
In order to size up a company's debt relative to its earnings, we calculate its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and its earnings before interest and tax (EBIT) divided by its interest expense (its interest cover). The advantage of this approach is that we take into account both the absolute quantum of debt (with net debt to EBITDA) and the actual interest expenses associated with that debt (with its interest cover ratio).
While ATS Automation Tooling Systems's low debt to EBITDA ratio of 0.72 suggests only modest use of debt, the fact that EBIT only covered the interest expense by 3.5 times last year does give us pause. So we'd recommend keeping a close eye on the impact financing costs are having on the business. The bad news is that ATS Automation Tooling Systems saw its EBIT decline by 11% over the last year. If that sort of decline is not arrested, then the managing its debt will be harder than selling broccoli flavoured ice-cream for a premium. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately the future profitability of the business will decide if ATS Automation Tooling Systems can strengthen its balance sheet over time. So if you're focused on the future you can check out this free report showing analyst profit forecasts.
But our final consideration is also important, because a company cannot pay debt with paper profits; it needs cold hard cash. So we always check how much of that EBIT is translated into free cash flow. During the last three years, ATS Automation Tooling Systems produced sturdy free cash flow equating to 55% of its EBIT, about what we'd expect. This cold hard cash means it can reduce its debt when it wants to.
On our analysis ATS Automation Tooling Systems's net debt to EBITDA should signal that it won't have too much trouble with its debt. However, our other observations weren't so heartening. For example, its EBIT growth rate makes us a little nervous about its debt. Looking at all this data makes us feel a little cautious about ATS Automation Tooling Systems's debt levels. While debt does have its upside in higher potential returns, we think shareholders should definitely consider how debt levels might make the stock more risky. Above most other metrics, we think its important to track how fast earnings per share is growing, if at all. If you've also come to that realization, you're in luck, because today you can view this interactive graph of ATS Automation Tooling Systems's earnings per share history for free.
At the end of the day, it's often better to focus on companies that are free from net debt. You can access our special list of such companies (all with a track record of profit growth). It's free.
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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. *Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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NICE Robotic Process Automation Recognized as a Leader by Leading Analyst Firm – Business Wire
Posted: at 4:59 pm
HOBOKEN, N.J.--(BUSINESS WIRE)--NICE (Nasdaq: NICE) today announced that it has been recognized as a Leader by Forrester Research in its report entitled The Forrester Wave: Robotic Process Automation, Q1 2021. NICE Robotic Process Automation (RPA) received the highest possible scores in the criteria of innovation roadmap, security/access control/authentication, and scale experience in Forresters report. Noting NICEs ongoing innovation and use of AI, the report also cited its focus on AI ethics. For a complimentary copy of the report, click here.
The Forrester Research report stated With Process Automation Platform, NICE delivers a solution dedicated but not limited to contact center automation. New AI-based features include real-time speech analytics, real-time inventory checks, and next-best-offer recommendations for contact center agents. While NICE continues to innovate by leveraging the latest AI breakthroughs, it is also serious about AI ethics.
The Forrester Research report notes, NICE Automation Finder collects and analyzes employee desktop data, suggests automations, and helps generate automations using Click to Automate.
NICE RPAs Click to Automate feature further capitalizes on the benefits of its Automation Finder opportunity discovery feature by immediately actualizing its recommendations. Once Automation Finder collects and analyses employee desktop data and suggests automations, Click to Automate transforms recommended process sequences into live operational automations, rapidly expanding the organizations RPA footprint.
The Forrester report summarized, NICE is not only a good fit for contact center automation but for both attended and unattended use cases, with a focus on text/voice analytics and processing.
This recognition by Forrester marks the third analyst firm to recognize NICEs RPA innovations, Barry Cooper, President, NICE Enterprise Group said. We are pleased that Forrester Research has recognized what we believe are NICE RPAs differentiators in technology and innovation, which support organizations in maximizing the value of RPA for their business and empowering their employees to deliver better experiences to their customers.
NICE Robotic Process Automation enables intelligent process optimization while unleashing employees potential to ensure exceptional customer experience. NICEs RPA solutions are developed and managed from a single platform, including the flexibility to scale, and drive digital transformation across the organization. NICEs attended automation offering, NEVA, (NICE Employee Virtual Attendant), is the worlds first employee focused personal assistant bot. NEVAs intelligent, AI-driven interface offers employees real-time desktop guidance and next best action advice. NEVA was ranked the Market Leader in Intelligent Attended RPA by Zinnov in its 2020 report, as well as by Everest Group as an RPA Leader for the third consecutive year.
About NICENICE (Nasdaq: NICE) is the worlds leading provider of both cloud and on-premises enterprise software solutions that empower organizations to make smarter decisions based on advanced analytics of structured and unstructured data. NICE helps organizations of all sizes deliver better customer service, ensure compliance, combat fraud and safeguard citizens. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, are using NICE solutions. http://www.nice.com.
Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICEs marks, please see: http://www.nice.com/nice-trademarks.
Forward-Looking StatementsThis press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Mr. Cooper, are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the Company). In some cases, such forward-looking statements can be identified by terms such as believe, expect, seek, may, will, intend, should, project, anticipate, plan, estimate, or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of changes in economic and business conditions, including as a result of the COVID-19 pandemic; competition; successful execution of the Companys growth strategy; success and growth of the Companys cloud Software-as-a-Service business; changes in technology and market requirements; decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel; loss of market share; an inability to maintain certain marketing and distribution arrangements; the Companys dependency on third-party cloud computing platform providers, hosting facilities and service partners; cyber security attacks or other security breaches against the Company; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the SEC). For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the SEC, including the Companys Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.
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The global substation automation market size is estimated to be USD 39.9 billion in 2021 and is projected to reach 54.2 billion by 2026, at a CAGR of…
Posted: at 4:59 pm
during the forecast period. The market has a promising growth potential due to several factors, including the surging requirement to retrofit conventional substations, increasing investments in smart cities and smart grid infrastructure development projects, and increasing focus on upgrading IEC 61850 standard to resolve interoperability issue among intelligent electronic devices deployed in substations.
New York, March 19, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Substation Automation Market with COVID-19 impact analysis by Offering, Type, Installation Type, End-use Industry, Component, Communication And Region - Global Forecast to 2026" - https://www.reportlinker.com/p04724245/?utm_source=GNW
COVID-19 sent both demand-side and supply-side shocks across the global economy.Leading substation automation product and solution providers, such as Cisco (US) and Schneider Electric (France), have incurred significant losses owing to the pandemic.
Both companies have reported a decline of approximately 15% and 13%, respectively, in their 2020 half-year revenue compared to the previous year.The impact of COVID-19 may last until June 2021.
The situation is almost similar in both emerging and developed economies.As of January 2021, the US and India became the worst COVID-hit countries.
Several renewable energy projects in the above-mentioned regions were delayed because of the reduction in power demand from various end-user industries. With the decrease in power demand, it is estimated that there would be negligible investments from the utilities for building new power plants.
Services: The fastest growing offering segment of the substation automation market.
The high growth potential of the market can be attributed to the rapid increase in the number of projects pertaining to renewable energy sources such as solar and wind.For instance, Sun Tech Power Holdings (China), a producer of solar modules, plans to invest more in solar energy projects to meet the growing demand for energy with the rapid urbanization in China.
Several power-generating companies in China, such as State Grid Corporation of China, China Three Gorges Corporation, and State Power Investment Corporation, are working on 25 wind turbine contracts worth nearly USD 586 billion to generate power.In September 2018, Siemens Energy received an order to design, supply, and build the grid connection for the Triton Knoll offshore wind farm by Germany-based Innogy SE.
In February 2020, Hitachi ABB Power Grids substation won a contract by Enel Green Power to deliver emission-free solar power to Brazils 500 kilovolts (kV) transmission network. These projects would bring great prospects for installation, commissioning, and maintenance services.
Utilities: The largest segment of substation automation market, by end-user industry.
The utilities industry is one of the booming application areas of substation automation solutions owing to the high demand for modernization of existing grid infrastructure and installation of smart grids.Growing number of utilities have implemented Internet Protocol (IP) wireless communication technology in substations that enhance the operating efficiency of the substation automation system by providing data related to the current status or condition of equipment, fault classification statistics, and information useful for preventive maintenance of the equipment.
Government bodies, in coordination with privately owned utility companies, are setting up smart substations in several countries to meet the power demand from consumers, as well as for the security of the power supply.For example, Hitachi ABB Power Grids is supporting Maharashtra State Electricity Transmission Company Limited (MSETCL) by utilizing ABB Ability-enabled technology in smart substations owned by MSETCL.
This technology will be a crucial component of next-generation grids in the country.
North America is leading the substation automation market, globally, by market share, in 2020Based on region, North America dominated the substation automation market in 2020.The commanding position of North America can be contributed to several funding programs introduced by the US and Canadian governments for the modernization of power grids. North American governments are also providing funds to deploy modern technologies in the energy & power sector, which would help the region transit to smarter, stronger, and efficient electric grid systems. Aging grid infrastructure, coupled with stringent government policies regarding the adoption of sustainable power technologies, contributes to the growth of the substation automation market in North America. Several grid modernization projects have been undertaken in the region in the past few years. For instance, in September 2019, Schneider Electric was awarded a contract by BASF (Germany), the largest chemical company in the world, to implement EcoStruxure Asset Advisor in its new electrical substation in Beaumont, Texas. EcoStruxure Asset Advisor evaluates live data from the users critical connected assets and applies advanced analytics to identify potential threats.
Breakdown of profiles of primary participants: By Company: Tier 1 = 30%, Tier 2 = 50%, and Tier 3 = 20% By Designation: C-Level Executives = 35%, Directors = 25%, and Others = 40% By Region: North America 40%, Europe 30%, APAC 25%, and RoW 5%
Major players profiled in this report:The substation automation market is dominated by key global established players such as Hitachi ABB Power Grids (Switzerland), Siemens Energy (Germany), General Electric (US), Cisco (US), Schneider Electric (France), Eaton Corporation (Ireland), Honeywell (US), Schweitzer Engineering Laboratories (US), NovaTech Automation (US), and CG Power and Industrial Solutions (India).
Research coverageThis research report segments the global substation automation market based on Offering (Hardware, Software, Services), Type (Transmission, Distribution), Installation Type (New Installations, Retrofit Installations) , End-use Industry (Utilities, Steel, Oil & Gas, Mining, Transportation), Component (IEDs, Communication Networks, SCADA Systems), Communication (Ethernet, Power Line Communication, Copper Wire Communication, Optical Fiber Communication), and Region (North America, Europe, APAC, and RoW).The report also provides a comprehensive review of market drivers, restraints, challenges, and opportunities pertaining to the substation automation market and also includes value chain. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the ReportThe report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall substation automation market and the sub-segments.This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies.
The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.Read the full report: https://www.reportlinker.com/p04724245/?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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Robot Race: The Worlds Top 10 automated countries – Robohub
Posted: at 4:59 pm
The average robot density in the manufacturing industry hit a new global record of 113 units per 10,000 employees. By regions, Western Europe (225 units) and the Nordic European countries (204 units) have the most automated production, followed by North America (153 units) and South East Asia (119 units).
The worlds top 10 most automated countries are: Singapore (1), South Korea (2), Japan (3), Germany (4), Sweden (5), Denmark (6), Hong Kong (7), Chinese Taipei (8), USA (9) and Belgium and Luxemburg (10). This is according to the latest World Robotics statistics, issued by the International Federation of Robotics (IFR).
Robot density is the number of operational industrial robots relative to the number of workers, says Milton Guerry, President of the International Federation of Robotics. This level measurement allows comparisons of countries with different economic sizes in the dynamic automation race over time.
The country with the highest robot density by far remains Singapore with 918 units per 10,000 employees in 2019. The electronics industry, especially semiconductors and computer peripherals, is the primary customer of industrial robots in Singapore with shares of 75% of the total operational stock.
South Korea comes second with 868 units per 10,000 employees in 2019. Korea is a market leader in LCD and memory chip manufacturing with companies such as Samsung and LG on top and also a major production site for motor vehicles and the manufacturing of batteries for electric cars.
Japan (364 robots per 10,000 employees) and Germany (346 units), rank third and fourth respectively. Japan is the worlds predominant robot manufacturing country where even robots assemble robots: 47% of the global robot production are made in Nippon. The electrical and electronics industry has a share of 34%, the automotive industry 32%, and the metal and machinery industry 13% of the operational stock. Germany is by far the largest robot market in Europe with 38% of Europes industrial robots operating in factories here. Robot density in the German automotive industry is among the highest in the world. Employment in this sector rose continuously from 720,000 people in 2010 to almost 850,000 people in 2019.
Sweden remains in 5th position with a robot density of 274 units operating with a share of 35% in the metal industry and another 35% in the automotive industry.
Robot density in the United States increased to 228 robots. In 2019, the US car market was again the second largest car market in the world, following China, with the second largest production volume of cars and light vehicles. Both USA and China are considered highly competitive markets for car manufacturers worldwide.
The development of robot density in China continues dynamically: Today, Chinas robot density in the manufacturing industry ranks 15th worldwide. Next to car production, China is also a major producer of electronic devices, batteries, semiconductors, and microchips.
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This Canadian Entrepreneur Brings The Next Big Thing In the Marketing Automation And E-Commerce Space – Entrepreneur
Posted: at 4:59 pm
March19, 20214 min read
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Essentially anyone that is involved with marketing in 2021 is dealing with the constantly evolving, digital industry of MarTech. There is an ever increasing demand for marketing automation software and strategies that deliver an all-in-one solution.
These software curate leads and develop brand loyalty through staggeringly accurate predictive analytics and CX strategies. The top services in demand are email and SMS marketing automation, inbox deliverability, advanced analytics, reporting and audience building all while delivering stellar customer service.
There is one brand that is addressing all the gaps in the market and taking the automation world by storm.
Entrepreneur Ross Andrew Paquette is the founder, chairman, CEO, and mastermind of Maropost, an intelligent software company built to deliver an unparalleled marketing automation/e-commerce experience. Maropost has been hailed as North Americas fastest growing platform in its industry.
Not only is Maropost the worlds only unified customer engagement platform, it is centered in house. Your success is our success. Maropost is quoted, We are a bootstrapped company so we can focus solely on pleasing our customers, not external investors. We focus on building partnerships with our clients and driving value instead of treating them as a number.
The fact that Maropost is 100 per cent bootstrapped alone makes it one of the most unique brands and assets in 2021. Ross has built a truly exceptional business in Maropost, delivering consistent hyper-growth. One of their goals is to prove that you dont need investors if your product performs better than anything else out there.
Developed in 2011 and headquartered in Canada, it is the country's fastest-growing SaaS startup. From a one-man-operation in an apartment, to an international business, Maropost has seen an almost unbelievable five-year revenue growth of 7,855 per cent... Almost unbelievable. Providing a 360-degree view into every customers touchpoints and communications.
Maropost has been featured in Deloittes Technology Fast 500 list multiple years in a row for its advancement in assisting B2C companies with their revenue growth and overall performance.
Powerfully efficient, this phenomena of an ecosystem is selling heavily all over the US market and is expanding globally faster than any of its competitors ever did. Why? Proven success through increased revenue, improved customer relationships, and a powerful, easy-to-use tool. It offers invaluable efficiency. Over 10,000 now trust Maropost including Mercedes-Benz, Hard Rock, BioTrust, the New York Post, Haymarket Media, and Shop.com.
Ross states, I would like Maropost to be known as a global organization with a range of products. Id like its legacy to focus on our goodwill and care, as well as our innovation and unique story. Id also like part of our legacy to be showing other entrepreneurs that you dont need funding to build a successful company.
The MarTech industry in North America and the UK is worth an estimated $65.9 billion. The global market size is $121 billion and growing. According to chiefmartec, Global MarTech spend has leapt again by more than 20 per cent in the last year as brands continue to seek a competitive edge and greater efficiencies in the digital economy. To put this into context, MarTech spend has almost doubled in just two short years in more developed markets such as North America and the UK.
Recently acquiring a company in Australia, Maropost also announced the opening of an office in Sweden, paving the way for Maroposts expansion into the EU market.
According to Paquette, Maroposts main strategy for breaking through the EU market is to: Hire a talented customer management team that will allow us to service the European market and connect with our European customer base appropriately.
Thanks to this acquisition and the merged capabilities of Maropost and Neto, well be able to support companies that want to grow rapidly by managing every aspect of their business - ecommerce, marketing, automation: from a single platform, increasing efficiency at scale, adds Paquette.
Maropost is dominating the e-commerce market with the edge and brand strategy that they provide their clients and they're not showing any signs of slowing down.
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Gartner: Gen Z driving automation in supply chain | Technology – Supply Chain Digital – The Procurement & Supply Chain Platform
Posted: at 4:59 pm
Generation Z will pick up the baton of automation and make todays digital transformation efforts in supply chain the new normal, according to Gartner.
While current supply chain managers experiment and hone the position of digital in the supply chain, it will be the new wave of workers who truly exploit the technology. Despite only entering the workforce in past several years, Generation Z is already making an impact, says the consultancy firm.
Gen Z, the generation born after millennials roughly between 1997 and 2012, will drive supply chains towards what it calls hyperautomation, a coalescence of technologies and techniques, including artificial intelligence (AI), machine learning (ML) and robotic process automation (RPA), to rapidly identify, research and automate business processes that currently require human intervention.
This generation has grown up withdigital technologies, so todays supply chain leaders expect them to be innovators that accelerate supply chaindigitalisationand pave the way towards hyperautomation, says Pierfrancesco Manenti, Vice President Analyst with the Gartner Supply Chain practice.
The coming five years will be a turning point in adoption and usage of hyperautomation solutions in supply chain, says Manenti, a period that coincides with greater numbers of Gen Z entering the workforce and, as they develop, moving towards becoming leaders in the field.
A recent Orange Business Services study corroborates this view, finding that while only 42% of companies have already increased their level of automation, 80% acknowledge that automation is vital to empowering both internal employees and partners today and in the future.
As such, organisations should be altering their mindset and preparing the ground for the next level, says Manenti. Supply chain leaders should be proactively attracting Gen Z talent, taking the following three steps into account when designing strategy and future roadmaps.
Identify all repetitive tasks where humans can add no value. RPA is the primary technology here, automating everything from procure-to-pay to customer claim management.
Technology that enhances the ingenuity and expertise of human workers will play a major role in the supply chains of the next 10 years. Unlike complete automation, these technologies perform tasks such as scanning huge data sets, which is impossible - or highly impractical - for people to complete on their own. Crucially this technology will peak as Gen Z begin to enter leadership roles.
All of the supply chain leaders we interviewed agree that, at some point beyond 2030, a large majority of their supply chain activities will most likely become autonomous and self-healing, says Manenti. This transition will fully free humans to pile their expertise into defining the strategy, shepherding AI and ML systems, and increasing the experience for both employees and customers - a human pursuit that AI is yet to infiltrate.
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