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Category Archives: Automation
Survey Shows Need for Better Automation of AP Operations and Fraud Controls; Phixius Was Created to Answer the Call – PR Web
Posted: December 21, 2020 at 11:49 am
These survey results are exciting because they show, with Phixius, we have created a new utility that will answer the need for better AP controls the industry has asked for, said George Throckmorton, Nacha Managing Director and Executive Director of Afinis Interoperability Standards.
HERNDON, Va. (PRWEB) December 21, 2020
A survey by Nacha and Blueflame Consulting and Research found that Accounts Payable (AP) operations face challenges collecting, verifying and maintaining data, which is adding costs and increasing fraud exposure.
The survey, which coupled a questionnaire with in-depth interviews of businesses, banks and payment providers, found that a robust vendor master is vital to achieving payment efficiencies and mitigating fraud risk for AP operations. In response, the industry is calling for better automation of these processes, and the research shows that a tool like Phixius is critical to answering that call.
Responses related to vendor onboarding also cite difficulties with tracking new vendor requirements, which can require system and reporting re-configurations, and confirming vendor information changes. In particular, validating vendor bank account change notifications, a key control for mitigating fraud, is manually intensive.
Additionally, respondents shared that they faced increasing fraud attempts aimed at compromising the AP processes. While current fraud tools are helpful, there is no systematic or automated option for accomplishing this.
With these challenges in mind, survey respondents said they want help with the collection, verification and validation of vendor information. Thats where Nachas Phixius comes in.
By leveraging an inter-connected platform, standardization and rules, Phixius creates interoperability between trusted providers of vendor information and seekers of vendor information, said George Throckmorton, Nacha Managing Director and Executive Director of Afinis Interoperability Standards. Through this, Phixius automates the exchange and maintenance of trusted vendor information to reduce fraud. Its one of the reasons Nacha created Phixius.
These survey results are exciting because they show, with Phixius, we have created a new utility that will answer the need for better AP controls the industry has asked for, said Throckmorton.
Phixius is a subscription-based data service platform, available now, that facilitates the trusted exchange of vendor information, as well as other pre- and post-payment information. It connects two parties securely, easily, and effectively utilizing a model built on established rules, technology, and six core principles: security, privacy, standardization, authentication, trust and auditability.
For more information on Phixius, go to phixius.org.
About Nacha
Nacha governs the thriving ACH Network, the payment system that drives safe, smart and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. More than 24 billion ACH payments were made in 2019, valued at nearly $56 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation and advisory services.
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Butler on wheels, robot cutting salad: How COVID-19 sped automation – The Spokesman-Review
Posted: at 11:49 am
For decades, the attitude of unions and their advocates to increased automation could be summed up in one word: No. They feared that every time a machine was slipped into the workflow, a laborer lost a job.
The COVID-19 pandemic has forced a small but significant shift in that calculation. Because human contact spreads the disease, some machines are now viewed not exclusively as the workers enemy but also as their protector. That has accelerated the use of robots this year in a way no one expects to stop, even after the virus is conquered.
If you keep me 6 feet away from the other worker and you have a robot in between, its now safe, said Richard Freeman, a professor of economics at Harvard University, who studies labor. And the robot companies are selling that as a solution and the unions arent going to say, No, you should have the workers standing next to each other so they get sick.
The result is the spread of windshield-mounted toll detectors, automated floor cleaners at factories, salad-chopping machines in grocery stores, mechanical butlers at hotels and electronic receipts for road pavers. What remains less clear is where the men and women who used to do some of those jobs will work.
The impact of technology on employment has been a topic of anxiety and study for generations with mixed results. Cars didnt kill trains, television didnt end radio. When banks installed ATMs, they hired more people, not fewer, because the variety of their services grew. But machines have eliminated many jobs, and the current wave will prove to be no exception, especially with public health a top concern.
When we come out of this crisis and labor is cheap again, firms will not necessarily roll back these inventions, David Autor, an economist at the Massachusetts Institute of Technology, said at a September webinar of the Federal Reserve Bank of Philadelphia. These are kind of one-way transitions.
Thats what worries union leaders.
In the auto industry, we see COVID-19 accelerating transformation toward digitization, said Georg Leutert, who heads the automotive and aerospace industries at Geneva-based IndustriALL Global Union. While the transition is unavoidable, workers are nervous and need help with up-skilling and reskilling, he said.
Mark Lauritsen of the United Food and Commercial Workers International Union in North America said that in order to avoid the kind of disruption in the meat industry caused by the virus, automation will clearly continue but warned, If automation is unbridled, its going to be a threat.
With office workers at home communicating via remote tools, a knock-on effect is also being felt: bus drivers, sandwich stall owners and janitors are in trouble as their jobs, which support in-office work, diminish. Jobs in administrative support, which includes roles in office buildings, are down about 700,000 since last year, according to November data from the Bureau of Labor Statistics. In addition, the stock market, already biased toward technology companies, has driven investors away from labor-intensive industries in the pandemic.
New automation also seems to be affecting retail jobs. There are 500,000 fewer of them than last November, according to the BLS. Transportation and warehousing are about 100,000 jobs below year-ago levels. Meanwhile, retail sales are at their highest level on record, mostly driven by e-commerce, which often employs more automation than brick-and-mortar stores do.
The World Economic Forum reported in October that 43% of businesses surveyed are set to reduce their workforce due to technology integration while 34% plan to expand their workforce for the same reason. By 2025, the time spent on current tasks at work by humans and machines will be equal.
Some argue that turning over repetitive jobs to robots will free up workers to take on new roles in what is now a booming industry elderly care. There is an urgent need for more workers to look after the oldest old, Manoj Pradhan, founder of Talking Heads Macroeconomics, and Charles Goodhart, London School of Economics professor, argue in their book The Great Demographic Reversal.
But Marcus Casey, an economist at the University of Illinois at Chicago, says that while some high-skilled workers will be retrained, many low-skilled ones like toll collectors wont, exacerbating inequality.
One case in point: The Pennsylvania Turnpike Commission cut 500 jobs after installing an electronic tolling system in March.
Some companies are preparing for more pandemics, meaning more automation and fewer employees. Lucid Motors, an electric-vehicle startup backed by Saudi Arabias Public Investment Fund, has built a 999,000-square-foot electric vehicle factory in Casa Grande, Arizona, where it hopes to start production on a $160,000 EV next year.
After this pandemic, the next pandemic will show up, said Peter Hochholdinger, Lucids vice president of manufacturing. We have to put more effort in automation in general assembly.
In mining, Swedish suppliers Hexagon and Epiroc say interest in automation has suddenly jumped.
Caterpillar Inc. Chief Executive Jim Umpleby said recently that older equipment will probably be replaced by more digital trucks and autonomous technologies will reduce close proximity among workers.
Juan Cariamo, chairman of CNP, a public-private group that helps test mining technologies in Chile, said the virus is accelerating long-term changes by forcing companies to relocate employees off-site.
The pandemic has imposed a sense of urgency, Cariamo said in an interview. Projects that were already in the pipeline are being sped up.
In Chile, requests have grown for permits to pilot a wide range of technologies from tire pressure sensors to mining waste reprocessing and autonomous vehicles. Chiles mining regulator signed an agreement with CNP in October to streamline the permit process.
BHP Group, the worlds biggest miner, has an $800 million program to add 500 autonomous trucks in iron ore and coal mines in Australia and is considering adopting driverless trucks at copper mines in Chile.
Chiles mining industry employed 201,000 people in September, down 15% from last year and the lowest in at least a decade, according to the countrys Mining Council. Meanwhile, production has risen slightly and the council has lowered by 12% its projection for the number of mining jobs needed over the next decade.
Recession is a common time for investment in automation because borrowing is cheaper and companies that cut jobs even if due to automation can attribute the reductions to the economy and avoid negative publicity, said Ethan Pollack, policy director at The Aspen Institute Future of Work Initiative. The pandemic only adds to the motives, he said.
Currently, Chile, the U.S. and Mexico spend the least on active labor market policies which are intended to improve job readiness and expand employment among all countries that belong to the Organization for Economic Cooperation and Development. That isnt likely to change quickly because health concerns are coming first.
Politicians are still not paying attention, Pollack said. Were going to be paying the cost for decades if we dont act now.
Tax laws also favor automation. U.S. tax on capital which includes robots and machinery is about 5%, whereas the tax on labor is about 25%, according to a study from MIT economists.
President-elect Joe Biden acknowledges the threat of job loss but hasnt mentioned additional funding or changes to the tax code.
He has said his administration will ensure that employers give all affected employees advance notice of technology changes and automation in the workplace, put their employees at the front of the line for new jobs and offer paid skills training.
Casey, the University of Illinois economist, said the more people without work, the greater the risk of social unrest.
Many of these people are prime-age males who have virtually nothing to do and our social policy directs money away from that cohort by and large, Casey said. Policy makers are underestimating the political problem and the social problem thats going to emerge when we go into a world in which theres just not enough work to go around.
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Butler on wheels, robot cutting salad: How COVID-19 sped automation - The Spokesman-Review
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Siemens Energy to provide electric drive train and automation to Cochin Shipyard for 23 ferries; LTO batteries from Echandia – Green Car Congress
Posted: at 11:49 am
Indias first greenfield and largest shipbuilding yard, Cochin Shipyard Ltd., has selected Siemens Energy to provide advanced marine solutions for the countrys first fleet of 23 boats to be equipped with electric propulsion drive trains with energy storage integration (batteries) and vessel automation technologies.
Cochin Shipyard Ltd. is building the fleet to strengthen Kochi Metro Rail Ltd.s (KMRL) infrastructure and its connectivity to islands around Kochi / Ernakulam. Kochi is a major port city on the south-west coast of India.
Kochis water metro will eventually comprise 78 ferries running on 16 identified routes, connecting 10 islands via 38 different terminals. The project is the first water transport system in India to integrate with the metro and is widely expected to revolutionize water transportation and support the countrys efforts to reduce its emissions and carbon footprint.
The combination of the electric propulsion drive train, energy storage, and automation systems will significantly reduce fuel consumption, increase maneuverability, and provide reliable, uninterrupted power supply while ensuring safe, cost-effective operation of the vessels.
Siemens has selected Echandias LTO batteries for the project. Echandia LTO battery systems are based on Toshibas LTO (Lithium-Titanium-Oxide) cells.
Earlier this year, Echandia became the first company in the world to be awarded a DNV-GL Type approval certificate for an LTO battery system. DNV-GL is the worlds leading classification society for maritime battery systems. A DNV-GL certificate gives shipyards, operators and insurers confidence that Echandias batteries meet DNV-GLs strict requirements.
DNV-GL awards type approval to companies that can demonstrate that their solutions meet international standards, regulations and recognized DNV-GL rules. Echandia conducted a series of tests to demonstrate compliance. These include thermal runway propagation, internal/external short circuit, forced discharge, EMC, environmental tests, software functional tests and battery system performance tests.
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More than half of UK’s furloughed jobs at risk of automation report – The Guardian
Posted: at 11:49 am
More than half of furloughed jobs in the UK are at the highest risk of automation as the Covid crisis accelerates workplace technology change, driving up redundancies and inequality across the country, according to a report.
The two-year commission on workers and technology, chaired by the Labour MP Yvette Cooper, found that workers in sectors hit hardest by the pandemic such as hospitality, leisure and retail face a double whammy as their jobs are at the most risk of being replaced by machines.
The findings from the commission, organised by the Fabian Society and the Community trade union, show that as many as 61% of jobs furloughed in the first half of this year were in sectors where automation is most likely to lead to job losses.
Rapid adoption of technology during the coronavirus pandemic has helped protect jobs as millions of employees work from home. But while employers have used new technologies to survive, the commission formed of academics and trade unionists said many furloughed jobs would not return as a result.
Physical-distancing requirements, remote working and online shopping have driven consumers and firms to make permanent changes to the way they use technology this year, with the pandemic likely to have a lasting impact on business and society. While spending in some physical shops has collapsed, resulting in thousands of job cuts by well-known high street employers, online spending has boomed benefiting firms with fewer staff and highly automated operations.
According to the commission, 5.9 million of the 9.6 million furloughed workers were in the third of sectors with jobs at highest risk of automation, according to analysis of Office for National Statistics figures.
Urging the government to increase spending on job support and skills to help workers retrain for new employment opportunities, the report said failure to take action would risk exacerbating social disruption and fuel an increase in inequality.
It said low-paid and disadvantaged workers were more likely to work in jobs at high risk of automation, with women, younger and older workers, people from minority ethnic backgrounds and disabled staff most likely to lose out.
The chancellor, Rishi Sunak, has promised more funding for jobcentres and training since the pandemic struck, including a 2bn kickstart fund to help young people find work. However, the commission said additional steps were urgently required to address the scale of the jobs crisis.
It said free training needed to be offered to all furloughed workers this winter, before the wage subsidy scheme is due to expire at the end of March. Among a wide-ranging set of recommendations, it also said the Treasury should also expand kickstart to support people over the age of 25 and to guarantee people either a job, training or the opportunity to return to full-time education.
The government is really not looking at this double risk, on how you help the economy through the Covid crisis and the people most affected by these much more rapid changes in technology, to make sure they arent left behind and lose out as a result, Cooper said.
Theres a real danger of widening inequality, long-term structural unemployment and low pay, as a result of people not being able to benefit from the economic recovery and improvements in technology that we all want to be able to benefit from.
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Hitachi Solutions and Allganize Join Forces to Transform Enterprise Automation with AI – PR Web
Posted: at 11:49 am
SAN FRANCISCO (PRWEB) December 21, 2020
Hitachi Solutions, Ltd. announced the release of "Business Efficiency Solution by Natural Language Processing (NLP) AI." It combines Hitachi and Allganizes expertise in Artificial Intelligence (AI) to provide business automation solutions, such as Robotic Process Automation (RPA), NLP and cognitive agents.
"Hitachi is a recognized leader in the industry. We are honored to be their preferred partner, said Changsu Lee, CEO of Allganize. The initiative provides a powerful arsenal of enterprise-level tools that help businesses increase productivity by integrating information and communication, RPA and more. We look forward to bringing AI strategies to life with our expertise.
Businesses generate a huge amount of data, from memos to emails, legal contracts to R&D, and many more. This vast unstructured data is not searchable let alone derive meanings from it. Many companies are investing millions in AI software and infrastructure without a clear strategy. AI requires experimentation and many iterations to verify through proof of concept (POC). Hitachis consultants can help clients design AI pilots, iterate and scale solutions to meet enterprise needs.
Allganizes proprietary AI technology is able to extract structured knowledge from millions of documents and other content sources to empower employees, strengthen customer relationships, boost sales and innovation. Hitachis "Katsubun Intellectual Information Mining" provides a set of tools and techniques to identify specific ways to improve business operations. The two organizations will combine their respective strengths to meet the fast-growing demand for AI solutions.
The solution features:
Visit https://www.hitachi-solutions.co.jp/allganize/ to learn more.
About Hitachi Solutions
Hitachis "Katsubun Intellectual Information Mining" was developed to help understand partners processes, bottlenecks, and present factual insights. It can identify the best AI initiatives for companies and conduct effective due diligence to provide the right advice for their clients. The joint effort of the two companies will help businesses identify key issues, design, implement, and deploy end-to-end AI solutions at full scale in a fraction of the time.
For more information about Katsubun, visit https://www.hitachi-solutions.co.jp/katsubun/sp/. To learn more about Katsubun Intellectual Information Mining, visit https://www.hitachi-solutions.co.jp/katsubun/sp/cin/
About Allganize
Allganizes technology allows enterprises to automate answering questions from a myriad of unstructured text documents. The company's AI platform empowers customer support representatives, speeds up customer resolutions, enhances search experience on websites and mobile applications, and extracts named entities from contracts for underwriters and agents. Unlike their competitors in the enterprise AI segment, Allganizes proprietary technology does not require manual data tagging, making it fast and easy to integrate while providing best-in-class results and accuracy. Allganizes chatbot can automatically resolve 50~80% of customers questions and free up agents time to handle four to five times more high priority issues.
Visit https://allganize.ai to learn more about Allganize.
Sales start date: December 17, 2020To learn more about products and services, visit https://www.hitachi-solutions.co.jp/inquiry/.
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Global Water Automation and Instrumentation Industry – Yahoo Finance
Posted: at 11:48 am
Global Water Automation and Instrumentation Market to Reach US$28. 4 Billion by the Year 2027. Amid the COVID-19 crisis, the global market for Water Automation and Instrumentation estimated at US$13.
New York, Dec. 18, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Water Automation and Instrumentation Industry" - https://www.reportlinker.com/p05960457/?utm_source=GNW 5 Billion in the year 2020, is projected to reach a revised size of US$28.4 Billion by 2027, growing at a CAGR of 11.2% over the analysis period 2020-2027.DCL, one of the segments analyzed in the report, is projected to grow at a 10% CAGR to reach US$3.1 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the PLC segment is readjusted to a revised 10.6% CAGR for the next 7-year period. This segment currently accounts for a 64.7% share of the global Water Automation and Instrumentation market.
The U.S. Accounts for Over 28.8% of Global Market Size in 2020, While China is Forecast to Grow at a 14.9% CAGR for the Period of 2020-2027
The Water Automation and Instrumentation market in the U.S. is estimated at US$3.9 Billion in the year 2020. The country currently accounts for a 28.84% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$5.3 Billion in the year 2027 trailing a CAGR of 14.9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 9.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.9% CAGR while Rest of European market (as defined in the study) will reach US$5.3 Billion by the year 2027.
SCADA Segment Corners a 23.4% Share in 2020
In the global SCADA segment, USA, Canada, Japan, China and Europe will drive the 12.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.4 Billion in the year 2020 will reach a projected size of US$5.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.2 Billion by the year 2027, while Latin America will expand at a 15% CAGR through the analysis period. We bring years of research experience to this 8th edition of our report. The 183-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
Story continues
ABB Ltd.
CH2M Hill Inc.
Emerson Electric Company
General Electric Company
Mitsubishi Electric Corporation
Pepperl+Fuchs GmbH
Rockwell Automation, Inc.
Siemens AG
Yokogawa Electric Corporation
Read the full report: https://www.reportlinker.com/p05960457/?utm_source=GNW
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW Impact of Covid-19 and a Looming Global Recession Global Competitor Market Shares Water Automation and Instrumentation Competitor Market Share Scenario Worldwide (in %): 2018E
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE Table 1: World Current & Future Analysis for Water Automation and Instrumentation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027
Table 2: World Historic Review for Water Automation and Instrumentation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 3: World 15-Year Perspective for Water Automation and Instrumentation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2018 & 2027
Table 4: World Current & Future Analysis for DCL by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027
Table 5: World Historic Review for DCL by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 6: World 15-Year Perspective for DCL by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2018 & 2027
Table 7: World Current & Future Analysis for PLC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027
Table 8: World Historic Review for PLC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 9: World 15-Year Perspective for PLC by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2018 & 2027
Table 10: World Current & Future Analysis for SCADA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027
Table 11: World Historic Review for SCADA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 12: World 15-Year Perspective for SCADA by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2018 & 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES Market Facts & Figures US Water Automation and Instrumentation Market Share (in %) by Company: 2018 & 2027 Market Analytics Table 13: USA Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 14: USA Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 15: USA 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
CANADA Table 16: Canada Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 17: Canada Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 18: Canada 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
JAPAN Table 19: Japan Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 20: Japan Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 21: Japan 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
CHINA Table 22: China Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 23: China Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 24: China 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
EUROPE Market Facts & Figures European Water Automation and Instrumentation Market: Competitor Market Share Scenario (in %) for 2018 & 2027 Market Analytics Table 25: Europe Current & Future Analysis for Water Automation and Instrumentation by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027
Table 26: Europe Historic Review for Water Automation and Instrumentation by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 27: Europe 15-Year Perspective for Water Automation and Instrumentation by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2018 & 2027
Table 28: Europe Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 29: Europe Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 30: Europe 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
FRANCE Table 31: France Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 32: France Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 33: France 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
GERMANY Table 34: Germany Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 35: Germany Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 36: Germany 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
ITALY Table 37: Italy Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 38: Italy Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 39: Italy 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
UNITED KINGDOM Table 40: UK Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 41: UK Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 42: UK 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
SPAIN Table 43: Spain Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 44: Spain Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 45: Spain 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
RUSSIA Table 46: Russia Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 47: Russia Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 48: Russia 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
REST OF EUROPE Table 49: Rest of Europe Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 50: Rest of Europe Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 51: Rest of Europe 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
ASIA-PACIFIC Table 52: Asia-Pacific Current & Future Analysis for Water Automation and Instrumentation by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027
Table 53: Asia-Pacific Historic Review for Water Automation and Instrumentation by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 54: Asia-Pacific 15-Year Perspective for Water Automation and Instrumentation by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2012, 2018 & 2027
Table 55: Asia-Pacific Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 56: Asia-Pacific Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 57: Asia-Pacific 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
AUSTRALIA Table 58: Australia Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 59: Australia Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 60: Australia 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
INDIA Table 61: India Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 62: India Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 63: India 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
SOUTH KOREA Table 64: South Korea Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 65: South Korea Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 66: South Korea 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
REST OF ASIA-PACIFIC Table 67: Rest of Asia-Pacific Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 68: Rest of Asia-Pacific Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 69: Rest of Asia-Pacific 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
LATIN AMERICA Table 70: Latin America Current & Future Analysis for Water Automation and Instrumentation by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027
Table 71: Latin America Historic Review for Water Automation and Instrumentation by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 72: Latin America 15-Year Perspective for Water Automation and Instrumentation by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2012, 2018 & 2027
Table 73: Latin America Current & Future Analysis for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
Table 74: Latin America Historic Review for Water Automation and Instrumentation by Segment - DCL, PLC and SCADA Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
Table 75: Latin America 15-Year Perspective for Water Automation and Instrumentation by Segment - Percentage Breakdown of Value Sales for DCL, PLC and SCADA for the Years 2012, 2018 & 2027
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Global Water Automation and Instrumentation Industry - Yahoo Finance
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Manage Increased Loan Volume by Automating Document Collection Processes – ABA Banking Journal
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SPONSORED CONTENT PRESENTED BY FILEINVITE
Work has changed. But has it changed enough? For some, dramatic retooling has provided significant benefits. For others, it simply has mimicked traditional processes in a digital model, producing a garbage in, garbage out situation. Leading lenders have not only survived but thrived and part of the winning combination has been aligning digital evolution to business priorities.
In the feast or famine of volatility, lenders have generally feasted and the challenge has been a delicate balance of capturing opportunity without sacrificing employee wellness or customer satisfaction. By automating the time-consuming process of document collection, innovative lenders have been able to capitalize on increased opportunities, easing the workload for existing staff and reducing the need to hire new staff during uncertain business conditions.
20th Century Technology for a 21st Century Challenge
Lenders using 20th century tools like email, spreadsheets and Customer Relationship Management (CRM) suites have found that they are proving inadequate in meeting modern workplace demands. In the lending application process, a large volume of documents needs to be collected for the transaction to move forward. Outdated systems relying on many manual steps negatively impacts the ability to accelerate loan close times.
Downstream, this affects bigger business issues including time to revenue, quality customer experience and the visibility businesses need to make forecasts for critical decision-making. What may be worse, is the risk that is compounding in those inboxes: personal information that is not being managed in compliance with privacy laws.
Luckily, tools that provide speed, efficacy, process automation, and data integration are already available to transform new work processes. Industry experts estimate that hyper automation is occurring in the majority of financial services businesses. Yet many are not able to reap the benefits, due to disjointed, siloed and costly systems.
Manage Higher Loan Volumes by Breaking Processes Down
To realize the benefits of automation, lenders like Nucleus Capitals 7a Funding are looking across the tasks their teams do every day to identify and streamline time-consuming manual tasks. Using technology to compress the cycle of lending applications and approvals and run parts of the process simultaneously, 7a Funding has been able to dramatically increase the number of loans processed per person. The organization has also reduced the amount of time to close applications, and improve the experience for banks and lenders, making them more likely to choose to work with them in the future.
Tony Brevard, principal and CEO of Atlanta-based Nucleus Capital says Ive learned that automation isnt just for the big banks or the startup techies. Our business was growing so fast that we just couldnt handle the volume. We looked for automation to solve a particular part of our business workflow document collection and have been able to increase the volume of business we handle by nine times.
Brevard has shared his story and how hes been able to accelerate his business using automated document collection in a video available at this link.
Critical Success Factors
While many lenders have invested in digitization, industry analysts indicate that most are early in their journey. Learning from early adopters can help lenders avoid mistakes and accelerate their own initiatives. Critical success factors include:
Quick Innovation to Meet Business Demands
As lenders needs evolve, they have the opportunity to create business advantage in the tools and processes they choose to digitize and automate. Being able to innovate quickly and adapt to changing consumer demands means assembling capabilities that deliver a fast route to business objectives: revenue, efficiency and effectiveness. To do this, lenders should consider standardizing, simplifying and automating repetitive processes such as document collection for loan applications that free up employee time to focus on more strategic elements of business.
Find out more about automated document collection here.
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Manage Increased Loan Volume by Automating Document Collection Processes - ABA Banking Journal
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Cofense Unveils Automated Phishing Detection and Response Capability – Business Wire
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LEESBURG, Va.--(BUSINESS WIRE)--Cofense, the leading provider of phishing detection and response (PDR) solutions, today announced new product innovations to Cofense Vision. Most notably, the addition of an Auto Quarantine feature that identifies and automatically removes malicious emails from recipients inboxes often before users see or have a chance to open them, based on our knowledge of similar threats in other customer environments. This high degree of automation significantly reduces the time to identify and resolve attacks, provides protection from threats that bypass Secure Email Gateways (SEGs) every day, and lessens a security analysts time spent hunting malicious email. Auto Quarantine is powered by the Cofense Intelligence network of Cofense researchers, the Phishing Defense Center (PDC) team of analysts, and millions of people around the world identifying and reporting suspected phish.
How it Works
The Cofense team closely monitors the threat landscape and is able to leverage a global network of over 25 million human sensors identifying and reporting on suspicious emails, and a team of advanced researchers and intelligence analysts to create an unparalleled view of threats happening in real time around the world. The moment a threat is identified, Cofense analysts generate an Indicator of Compromise (IOC) tuned to stopping that threat. With Visions Auto Quarantine feature, these IOCs are used to identify malicious emails that have bypassed the SEG seconds after they are received. When a match is found, the email is auto quarantined where it can then be examined and if appropriate, removed permanently. Current Cofense Vision users are observing several such threats as being automatically addressed every day, thus significantly reducing the window of vulnerability to active email-borne threats like ransomware, business email compromise (BEC), malware attacks, and credential theft.
Cofense Vision with Auto Quarantine Proven Effective in Enterprise Organizations
Fortune 500 Retail Organization:
A large retail customer was an early adopter of Cofense Vision with Auto Quarantine. The account team provided an email to the customer with a recently identified public malicious phishing link. The email completely bypassed all of the existing email security controls. But within seconds, and before the recipient could open the email, Vision identified the email as a threat and auto quarantined it. This happened without any human intervention.
Large, Full-service Mortgage Provider:
This enterprise organization deployed Vision with the new Auto Quarantine feature across its organization. During the first week, Vision identified six separate phishing campaigns. Each of these campaigns contained approximately 500 phishing emails that had bypassed existing email security technology and made it to recipient inboxes. The Vision Auto Quarantine functionality immediately quarantined the thousands of emails without analyst interaction and before a recipient could open the email, quickly and effectively reducing risk to the organization. Prior to Vision, the team did not have visibility into the extent of phishing campaigns nor any systematic way to identify and remove them.
Global Construction Company:
When this global construction company enabled Auto Quarantine, they saw an immediate impact. A phishing campaign disguised as a Microsoft Teams invite to a holiday party appeared shortly after Auto Quarantine was configured. The email was immediately identified as a phishing campaign and over 200 emails were auto quarantined. After the initial detection, the company continued to be targeted with the same phishing campaign and the auto quarantine functionality in Vision has continued to detect and remove several dozen more attacks.
Phishing threats are human-developed, which is why Cofense is helping organizations out-human the phishing threat. By continuously updating our solutions with capabilities to remove real-world threats before anyone in the organization even sees them, Cofense is greatly reducing the risk of a phishing attack, says Aaron Higbee, Co-Founder and CTO of Cofense. With the newest version of Cofense Vision, organizations can immediately operationalize Cofenses indicators of compromise and automatically remove malicious email from an environment even before a team member tags them as suspicious. Customers are quickly adopting Auto Quarantine for its effectiveness in stopping threats that bypass SEGs, and for delivering immense productivity gains for SOC and IR teams.
To learn more about Cofenses PDR platform, designed to deploy as an integrated suite of products or delivered as a comprehensive managed PDR service through the Cofense Phishing Defense Center (PDC), please visit http://www.cofense.com/.
About Cofense
Cofense is the leading provider of phishing detection and response solutions. Designed for enterprise organizations, the Cofense Phishing Detection and Response (PDR) platform leverages a global network of over 25 million people actively reporting suspected phish, combined with advanced automation to stop phishing attacks faster and stay ahead of breaches. When deploying the full suite of Cofense solutions, organizations can educate employees on how to identify and report phish, detect phish in their environment and respond quickly to remediate threats. With seamless integration into most major TIPs, SIEMs, and SOARs, Cofense solutions easily align with existing security ecosystems. Across a broad set of Global 1000 enterprise customers, including defense, energy, financial services, healthcare and manufacturing sectors, Cofense understands how to improve security, aid incident response and reduce the risk of compromise. For additional information, please visit http://www.cofense.com or connect with us on Twitter and LinkedIn.
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Cofense Unveils Automated Phishing Detection and Response Capability - Business Wire
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Distribution Utility Meet (DUM 2020) – facilitating the fast-track automation and digitalization of DISCOMs – PR Newswire India
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NEW DELHI, Dec. 21, 2020 /PRNewswire/ -- 4th edition of the conference of the Electricity Distribution Community organized by India Smart Grid Forum (ISGF) to share challenges and efforts towards fast track automation and digitalization was held successfully on a digital platform on 27-28 November 2020.
DUM 2020, ISGF's Annual Conference and Exhibition for Electricity Distribution Companies (DISCOMs), was held from 27 to 28 November 2020 on a Digital Platform this year. DUM 2020 was supported by Ministry of Power (MoP), Govt of India (GoI). It was jointly hosted by BSES Rajdhani Power Limited, BSES Yamuna Power Limited, Tata Power Delhi Distribution Limited; and the Tata Power Company Limited, Mumbai. United States Agency for International Development (USAID), New Energy and Industrial Technology Development Organization (NEDO) - Japan, TheElectric Power Research Institute(EPRI), Florence School of Regulation (FSR); and Rocky Mountain Institute (RMI) joined DUM 2020 as Knowledge Partners.
As the world is struggling to cope with the new-normal and preparing for the next-normal, it is imperative that utilities do not make the same mistakes but learn from each other. DUM 2020 provided a platform for the DISCOM community to share each other's experiences in dealing with Covid-19 challenges and efforts towards fast track automation and digitalization. Experts from leading utilities, industry and think-tanks from USA, Europe, Japan, Bangladesh and Sri Lanka participated in DUM 2020 and shared their experiences.
The key themes of DUM 2020 were Digitalization in DISCOMs; Policies and Regulations for the Digital DISCOMs; DISCOM Privatization Plan; DISCOMs after COVID-19; and 250 million Smart Meters. A Plenary Session on New Revenue Opportunities for DISCOMs was also held as part of the event. DUM 2020 was Powered by Amazon Web Services (AWS) with Technology Innovation Partner Accenture and Technology Partners Schneider Electric and RTI India. Exhibition organised with 3-D exhibition booths with several features that enhanced the experience of visitors to these booths as good as physical exhibition booths. Amazon Web Services (AWS), Accenture, BSES Yamuna; BSES Rajdhani; Tata Power - DDL; and Tata Power Company Ltd, Mumbai; S&C Electric Company; isMobile; Schneider Electric; and many other DISCOMs and technology companies exhibited their projects and technologies at DUM 2020.
The dignitaries who participated in the inaugural ceremony of DUM 2020 were Karen Klimowski, Indo Pacific Coordinator & Acting Deputy Director, USAID /India; Kapil Mohan, Principal Secretary - Energy, Karnataka; Anshu Bhardwaj, CEO, Shakti Sustainable Energy Foundation; Ajay Kaul, Head - States and Local Governments, Amazon Web Services (AWS); Amal Sinha, CEO, BSES Rajdhani Power Ltd; and Praveer Sinha, MD, Tata Power Company Limited.
Following Whitepapers and Reports were released during DUM 2020 - Enhancing Customer Centricity in the Electricity Distribution Sector and Improving Resilience of Distribution Utilities by USAID; Serving a Digital-first India by Amazon Web Services; From Crisis to Conquest in Utilities by Accenture; and DG Set Replacement by Lithium-ion Batteries and Electric Cooking by ISGF.
The 5th edition of Distribution Utility Meet (DUM) will be held from 17 to 18 November 2021. Please visit http://www.dumindia.in for more details.
About India Smart Grid Forum (ISGF)
ISGF is a public private partnership initiative of Govt. of India with the mandate of accelerating smart grid deployments across the country. With 170+ members comprising of ministries, utilities, technology providers, academia and research, ISGF has evolved as a Think-Tank of global repute on Smart Energy and Smart Cities. Mandate of ISGF is to accelerate energy transition through clean energy, electric grid modernization and electric mobility; work with national and international agencies in standards development and help utilities, regulators and the Industry in technology selection, training and capacity building.
SOURCE India Smart Grid Forum
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Does DOT Have the Workforce to Safeguard Automated Technologies? – HSToday
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Automated technologies in planes, trains, and passenger vehicles can perform tasks without the need for human operatorslike crash avoidance systems that automatically slow cars down to avoid a collision, or positive train control which is designed to automatically slow or stop a train in certain cases where it is not being operated safely. Automated technologies can also facilitate the transfer and loading of freight at commercial ports. Furthermore, the increased use of unmanned aerial systems, or drones, as well as the emergence of urban air mobility, bring a new wave of automation that needs to be safe and could even be targeted by bad actors.
Consequently, the Department of Transportation (DOT) needs a workforce with skills related to these technologies in order to ensure the technologies are safe to use. But the Departments workforce faces challenges related to overseeing the safety of automated technologies, including the rapid pace of technological advancement and the large number of staff eligible to retire in the near future.
A Government Accountability Office (GAO) review has found that DOT has made some progress hiring people with these skills but hasnt evaluated its recruitment strategies. The watchdog also found that officials also havent fully assessed whether current staff in key areas like cybersecurity have the skills they need.
Stakeholders GAO interviewed said that federal oversight of automated technologies requires regulatory expertise as well as engineering, data analysis, and cybersecurity skills. Stakeholders also stated that as automated systems become more common across transportation modes, overseeing them will require understanding in vehicle operating systems, software code, and the vast amounts of data produced by these systems to ensure their safety.
GAOs review found that DOTs Departmental Office of Human Resources Management has identified most skills DOT needs to oversee automated technologies, but it has not fully assessed whether its workforce has these skills. Through its workforce planning efforts, DOT identified many of the skills cited by stakeholders as important for overseeing automated technologiesregulatory expertise, engineering, and data analysis. In 2016 and 2020, DOT surveyed staff in related positions and identified gaps in some of these skills, including regulatory expertise. However, DOT did not survey staff or assess skill gaps in data analysis or cybersecurity positions important to automated technology oversight. As a result, GAO concluded that DOT lacks the critical information needed to identify skill gaps and ensure key relevant staff are equipped to oversee the safety of these technologies now and in the future.
DOT has developed strategies to address some but not all gaps in skills needed to oversee automated technologies. For example, DOT implemented some recruiting strategies and established hiring goals as a means of closing gaps identified in the 2016 survey and plans to continue these efforts in light of the 2020 survey. However, DOT has not tracked the progress of strategies implemented to close skill gaps since the 2016 survey, nor has it implemented training strategies. Accordingly, some skill gaps related to overseeing the safety of automated technologies will likely persist in DOTs workforce.
GAOs December 18 report makes four recommendations:
DOT agreed with three of the four recommendations and stated that having a workforce with the skills and competencies to meet the challenges of the future is a priority for the agency. DOT partially concurred with GAOs fourth recommendation, stating that due to the labor-intensive nature of effectively and accurately measuring skill gap closures, conducting a comprehensive assessment every three yearsrather than on an annual basisis sufficient.
Read the full report at GAO
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Does DOT Have the Workforce to Safeguard Automated Technologies? - HSToday
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