Category Archives: Automation

A new informative report on the global Automation and Instrumentation market has recently published by Contrive Datum Insights. This informative data has been collected through various reliable resources such as press releases, websites, and other authenticated sources. The global Automation and Instrumentation market is projected to grow at a CAGR of xx% over the forecast period. Furthermore, it offers a comprehensive analysis of different business aspects such as global market trends, shares, market size. The global Automation and Instrumentation market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.

For Sample Copy of this Reports: https://www.contrivedatuminsights.com/request-sample/109588

Globally, the global Automation and Instrumentation market has been fragmented into various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, and Europe. Furthermore, it gives a holistic snapshot of the competitive landscape across the world. To get a better outlook in the businesses, it offers various strategies and methodologies. The global Automation and Instrumentation market has been presented in the clear, concise and professional manner which helps to better understanding to readers. Different infographics have been incorporated in the report, to offer the graphical presentation of some significant facts and figures of market.

Some of the key players profiled in the Automation and Instrumentation market include: The Top Key Players include: ABB, Schneider Electric, Honeywell International, Danaher Corporation, Rockwell Automation, Emerson Electric, Yokogawa Electric, Omron Corporation, Mitsubishi Electric, Siemens.

The reports conclusion leads into the overall scope of the global market with respect to feasibility of investments in various segments of the market, along with a descriptive passage that outlines the feasibility of new projects that might succeed in the global Automation and Instrumentation market in the near future. The report will assist understand the requirements of customers, discover problem areas and possibility to get higher, and help in the basic leadership manner of any organization. It can guarantee the success of your promoting attempt, enables to reveal the clients competition empowering them to be one level ahead and restriction losses.

Global Automation and Instrumentation Market Segmentation:

Market Segmentation By TypeFully-automaticSemi-automatic

Market Segmentation By ApplicationOil and GasWater and WastewaterChemical ProcessPower GenerationMiningOther

Regions Covered in the Global Automation and Instrumentation Market:

The Middle East and Africa

North America

South America

Europe

Asia-Pacific

Get Special Discount: https://www.contrivedatuminsights.com/request-discount/109588

Report Content Overview:

-Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors

-Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

-Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

-Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled

-Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players

-The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

-Includes an in-depth analysis of the market of various perspectives through Porters five forces analysis

-Provides insight into the market through Value Chain

-Market dynamics scenario, along with growth opportunities of the market in the years to come

Advanced Technologies, Trends, In-Depth Analysis, Regional Demand, Growth Strategy, Company Profiled Players

This analytical report helps to make well-informed business decisions.

Table of Content (TOC):

Chapter 1 Introduction and Overview

Chapter 2 Industry Cost Structure and Economic Impact

Chapter 3 Rising Trends and New Technologies with Major key players

Chapter 4 Global Automation and Instrumentation Market Analysis, Trends, Growth Factor

Chapter 5 Automation and Instrumentation Market Application and Business with Potential Analysis

Chapter 6 Global Automation and Instrumentation Market Segment, Type, Application

Chapter 7 Global Automation and Instrumentation Market Analysis (by Application, Type, End User)

Chapter 8 Major Key Vendors Analysis of Automation and Instrumentation Market

Chapter 9 Development Trend of Analysis

Chapter 10 Conclusion

Place a Direct Order Of this Report: https://www.contrivedatuminsights.com/buy/109588

For Any special requirements about this report, please let us know and we can provide custom reports.

Note In order to provide a more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

Originally posted here:

Automation and Instrumentation Market Projected to be Resilient During 2020-2027 | ABB, Schneider Electric, Honeywell International, Danaher...

The "Terminal Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

The global terminal automation market grew at a CAGR of around 7% during 2014-2019. Looking forward, the publisher expects the global terminal automation market to continue its moderate growth during the next five years.

Terminal automation refers to the process of automating various control functions of equipment or machinery in a warehouse or manufacturing unit. A terminal is a storage facility for oil, gas, chemicals and other products that need to be transported to the point of sale (POS). Terminal automation systems (TAS) consist of various mechanical, hydraulic, pneumatic, electronic and computerized systems to control equipment and processes. They offer centralized and systematic control over the entire product handling process, which involves bulk loading, receiving, reconciling, storing and distributing products. They provide various other benefits, such as reduced operational and maintenance costs, improved productivity and enhanced security of assets and human resources.

Significant growth in the oil and gas industry, along with increasing industrial automation, is one of the key factors creating a positive impact on the market. Terminal operators are utilizing automated systems that improve the productivity and efficiency of the terminal by handling larger vessels with greater holding capacities. In line with this, widespread adoption of terminals for blending, storing and handling biofuels is stimulating the market growth.

Additionally, the development of technologically advanced automation solutions and the integration of the Industrial Internet of Things (IIoT) and cloud-computing, are acting as other growth-inducing factors. These solutions offer improved support and monitoring of remote sites, cloud-based tracking, smart event processing and administration of unmanned operations. Other factors, including the increasing investments to upgrade existing terminals, especially in developing countries, along with the growing adoption of wireless technologies, are anticipated to drive the market further.

Story continues

Companies Mentioned

ABB Ltd

Emerson Electric Co.

Endress+Hauser AG

General Electric Company

Honeywell Process Solutions (Honeywell Automation and Control Solutions)

Larsen & Toubro Limited

Rockwell Automation Inc.

Schneider Electric SE

Siemens Aktiengesellschaft

TechnipFMC Plc

Yokogawa Electric Corporation

Key Questions Answered in This Report:

How has the global terminal automation market performed so far and how will it perform in the coming years?

What has been the impact of COVID-19 on the global terminal automation market?

What are the key regional markets?

What is the breakup of the market based on the offering?

What is the breakup of the market based on the project type?

What is the breakup of the market based on the vertical?

What are the various stages in the value chain of the industry?

What are the key driving factors and challenges in the industry?

What is the structure of the global terminal automation market and who are the key players?

What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Terminal Automation Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Offering

6.1 Hardware

6.1.1 Market Trends

6.1.2 Major Types

6.1.2.1 Control Systems

6.1.2.2 Security Systems

6.1.2.3 Field Devices

6.1.2.4 Trucks and Pipelines

6.1.2.5 Others

6.1.3 Market Forecast

6.2 Software and Services

6.2.1 Market Trends

6.2.2 Market Forecast

7 Market Breakup by Project Type

7.1 Brownfield Projects

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 Greenfield Projects

7.2.1 Market Trends

7.2.2 Market Forecast

8 Market Breakup by Vertical

8.1 Oil and Gas

8.1.1 Market Trends

8.1.2 Market Forecast

8.2 Chemical

8.2.1 Market Trends

8.2.2 Market Forecast

8.3 Others

8.3.1 Market Trends

8.3.2 Market Forecast

9 Market Breakup by Region

9.1 North America

9.2 Asia Pacific

9.3 Europe

9.4 Latin America

9.5 Middle East and Africa

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/4t9s07

View source version on businesswire.com: https://www.businesswire.com/news/home/20201218005208/en/

Contacts

ResearchAndMarkets.comLaura Wood, Senior Press Managerpress@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470For U.S./CAN Toll Free Call 1-800-526-8630For GMT Office Hours Call +353-1-416-8900

Read the original post:

Global Terminal Automation Market (2020 to 2025) - Industry Trends, Share, Size, Growth, Opportunity and Forecast - ResearchAndMarkets.com - Yahoo...

VTEX joins Product Leads partnership program and will integrate the technology into its platform, aiming to offer its customers means of automating creatives based on ecommerce data and social content.

As the global pandemic radically shifts how goods are bought and sold, major global brands need to keep up the pace with consumer dialogue across channels, and they need to be able to rapidly experiment in the creative processes in order to continuously improve their conversion rates.

The technology integration aims to offer brands meaningful ways in which they can automate creatives, leveraging ecommerce assets, influencer generated content, and brand assets, in order to generate more revenues.

Mihai Bocai, CEO, ProductLead: Brands need to develop digital assets 10 times faster with a 1/10 cost fraction in order to achieve faster time to market and a faster time to revenue. Competition is just around the corner, and the speed of experimenting is key for building purpose in the conversion funnel. We are building state-of-the-art technology that helps global brands spend smart dollars tomorrow.

VTEXs collaborative commerce platform uniquely integrates digital commerce, native marketplace and order management capabilities, and has seen 98% growth in adoption during the pandemic. The pandemic is challenging brands in unprecedented ways and VTEX is focused to help brands achieve rapid time-to-revenue.

You need to go beyond traditional eCommerce and drive incremental revenue through a network effect that produces exponential growth. Todays challenges force brands to be able to act quickly to market opportunities and have at their fingertips a range of tools to assist them in this endeavour. Integration stays at the core of VTEX, and we will continue to forge strategic partnerships that ultimately drive value for our customers.

The partnership will ensure Product Lead stays resolute in its mission to democratize access to content creation through social data analytics, automation, and integrations. By integrating its technology alongside Vtex, the worlds fastest-growing e-commerce platform, will surface unprecedented revenue growth opportunities for brands.

Read more from the original source:

VTEX and Product Lead partner up to improve conversion rates based on creative automation - Business Review

The COVID19 pandemic has negatively impacteda number ofindustries, perhaps none more thanthose engaged infoodpackaging,preparation,and service. The impact on the consumer end is well-discussed. Because of social distancing and other precautions related to employeeand patronhealth and safety,many restaurants still operating do so well belowcapacity. Others have suspendedoperation;six in ten will not reopen. It is not, however, only restaurantsand bars that have taken a hit. The meat-packing industry, for example, experienced a substantial number of infectionsover 17,000 in April and May alonethat have led to shutdowns and supply disruptions, leading to shortages and increased pricespaid by the public.

Concerns about the pandemic and the necessity of maintaining our food supply chains have pushed many businesses in theseindustriesto increase their investments in automating or artificial intelligence technologies. In many cases,this is just an acceleration of preexisting trends. Tyson Foods, producer of roughly 20percentof US produced chicken, beef, and pork,investedmore than 500 millionin automation and related technological advancements in the last three years alone.

Of course, given thatagriculture, food, and relatedindustries employ a significant fraction of theworkforce(10.9 percent of U.S. employment),movement toward automating technologies may be alarming to some.It is important to recognize, however, that the net effect of labor displacement depends on the nature of the new technology. It is instructive to survey which automating technologies are beingadopted atdifferent points of the food supply chain to better understand their impacts on this sector.

The industrial agricultureand food(agri-food) industry is responsible for feeding the US and many of its trading partners. In a push towards greater efficiency and scaleto meet the needs of the future,industry leaders haveinvestedin robotics and automating technologies. Some key areas of development include automated irrigation, fertilizer, harvesting, and breeding systems.These process improvements are aimed at reducing productioncostsand conservingwater, fuel, and fertilizer.

Many of these technologies are not only efficient, they are labor replacing. Spurred in part by the shortage of workers to pick fruit, some large commercial firms have employed harvesting robots that can cover the acreage of multiple workers. Given the impact ofCOVID19 on borders and worker flows into and across the US, many firms have strong incentive to continue to invest in these technologies, further reducing the need for human labor. The advent of driverless tractors and sprayers will further reduce the need for large day-to-day staffs.

Further along the supply chain, we see an acceleration of automation adoption at distribution warehouses and grocery stores. Many warehouses have replaced traditional forklifts withautomated guided vehicles (AGVS) that can perform a suite of tasks previously performed by multiple employees: unloading and loading trucks, and transporting large items across warehouse floors. They can also perform operations in harsh conditions like freezers and cold storage environments for longer periods.

Likewise,at grocery stores themselves, the pandemic has intensified technology use. We have seen more reliance on self-checkout cashiers andother types of kiosksthatfacilitate social distancing. But, as noted in theNewYorkTimes, thegrocery industryisleaning more on automation to free up employees to deal with the crush of demand during the pandemic. Specifically, the story quotes a representative fromBrain Corp, afirm that designs softwareused in automated floor cleaners, who states that autonomous floor care robotusage has risen in recent months toabout 8,000hours of dailyworka13%increasefrompre-pandemicuse. This is work that otherwise would have been done by an essential worker, and thus allows these workers to engage in ostensibly more productive activities.

Automating technologies could be poised to fundamentally changefood preparation anddining experienceat some restaurantsin the post-COVID era. According toananalysis byMcKinsey & Company,nearly three quartersoffood service and accommodationstaskscould beautomated.These span a broad number of tasks;industrial robots work in concert with AI, thermal scanners, and lasers to chop vegetables, grill hamburgers or other foods, orperformsimilar tasks.AI is now being used toimprove cooking processes including optimizing recipes and ingredient selection.Similarly,at the frontend of restaurants, we could see substantialtechnology-drivenchange.In particular,we could see movement towards more automated service where voice- or facial recognition-activatedcashiers could take orders and payments or assign tables.

There will likely be substantial heterogeneity across restaurants in this adoption as, unlike backend operations, it is unclear how amenable potential diners will betothese technologies. As noted in a recent report issued by Oracle,four in ten consumerssaid theyd visit a restaurant less often ifitused greeting robots. It is not justdiners.76percentof restaurant operatorssay that its appealing to use robots for food quality checking, but nearly a quarter said they werenear-sure thatthey were fully againstsome tech. This suggests that we might see sorting across restaurants depending on tastes and preferences for atechnologicallydrivenexperience,where there might be a premium associated with human customer service.

These technologies represent promising developments for maintainingand expandingour food supply chains.Policymakers may consider incentivizingtechnology expansioninthe foodindustry asit continues tohold the promise of making production and supply processes safer, more resource efficient, and more productive, which will result inlower food prices and other positive spillovers to society.

There is potential peril as well. Many of these technologies are labor saving,meaningthey replace the need for human labor to perform certain tasks. In some settings, these technologies will be complementary, freeing up labor to perform more productive tasks. But in mostcases, adoption of these technologies will likely mean job and industry displacement for workers. Atmost risk, of course, are vulnerablemiddleandlow-wage workers in every stage of the food industry,from the fruit pickerto therestaurant hostess. Given the number of workers employed in the food industry, such displacementmaybe highly disruptive to the lives of workers and their communities.

In anticipation, policymakers should belaying the groundworkto support displaced workers including: (1) forming partnerships with private sector employers to facilitate targetedretrainingforworkers that allows them to reenter the labor force quickly and with a stronger set of skills; and(2) establishing robust income and other social insurance support to allow them to effectively retrain.

COVID19is undoubtably accelerating change in the food industry. Many of these changes willlikelylead to a safer, more efficient, and more robust food supplysystem in the faceof this and potential future pandemics and related disasters. However, it is important to recognize thatthese changes often bring disruption to the wellbeing of workers in the industry and their families. It will be important for the policymakers tofacilitate solutionsaimed at mitigating potential harmsto these workers and help them transition to this new economy.

Go here to read the rest:

Automation from farm to table: Technologys impact on the food industry - Brookings Institution

Commentary: Just as telephone operators struggled with the automation of switching, AI promises to change global economies for the better, even as it wreaks havoc on individuals' jobs.

Image: iStockphoto/PhonlamaiPhoto

The robots may not be taking over, but they just might erase your job. Yes, it's almost certainly true that the "creative destruction" of technology will result in more jobs than it destroys, but a new academic paper about US telephone operatorsdisplaced by automated switching suggests that while the overall economy will be better off with artificial intelligence (AI)-driven automation, those immediately impacted may never recover.

As detailed recently by Daphne Leprince-Ringuet on sister site ZDNet, the World Economic Forum (WEF) expects to see AI and other new technologies shred 85 million jobs over the next five years--that's the bad news. The good news is that these same technologies are expected to help create 97 million new jobs. COVID-19 has served as an accelerant to corporate plans to embrace things like AI/ML-driven automation, effectively hitting "fast forward" on this labor upheaval. All of this is for the better, at least at the macro level.

SEE: The new normal: What work will look like post-pandemic(TechRepublic Premium)

In practical terms, this means that the majority of the work associated with information and data processing and retrieval (65%) will shift to machines, according to the WEF. People currently working as data entry clerks, accountants and auditors, and factory workers will be most affected even if, as I've written, organizations figure out ways to leverage things like AI to enhance worker productivity rather than replace it.

So what happens to these workers? It's a polite fiction that they'll simply be re-skilled and adapt to this new AI-automated future. As we've seen in past situations where technology automated away jobs, the immediate impact on those workers can be painful.

Just look at what happened in the telecommunications industry.

As detailed in the aforementioned academic paper "Automation and the Fate of Young Workers: Evidence from Telephone Operation in the Early 20th Century," written by professors James Feigenbaum and Daniel P. Gross, "Telephone operation, one of the most common jobs for young American women in the early 1900s, provided hundreds of thousands of female workers a pathway into the labor force." It was a great force for good, but between 1920 and 1940 AT&T (then the dominant telecommunications provider in the US) automated telephone switching in more than half of its network, eliminating hundreds of thousands of jobs.

So what happened to those women who had been employed as telephone operators?

[T]he automation of telephone operation led to a large, swift, and permanent decline in the number of young, white, American-born women working as operators, of around two-thirds in levelsroughly 2% of total employment for the group (in any job). As it was for many women a transitory job (often, a first job), far more were exposed. For an automation shock, we consider this large, especially for a vulnerable subset of the labor supply.

Our question is: what happened after these jobs disappeared? Did the elimination of a major entry-level job cut off future generations from entering the workforce? After accounting for concurrent trends taking place in cities of similar size around the country independent of cutovers, we do not find that the shock reduced later cohorts' employment. We also see no substitution into marriage or childbearing. The negative shock to labor demand was instead counteracted by growth in other occupations, especially secretarial work and restaurant work, which absorbed the women who might have otherwise been telephone operators.

Future generations of would-be telephone operators, in other words, did just fine. The economy took care of creating net new jobs. But for those telephone operators who lost their jobs to automated switching? "While some became operators at private switchboards, others left the workforce, and those who remained employed were more likely to have switched to lower-paying occupations."

Automation, in short, was good for the overall economy but bad for those whose jobs were automated away.

SEE:COVID-19 workplace policy(TechRepublic Premium)

So what do we do? It doesn't seem practical to destroy the looms as the Luddites once did, attempting to hold back the machines that threatened their jobs. But it's also not useful to engage in wishful thinking about "upskilling" or "re-skilling." These are positive endeavors, but it feels like we (by which I mean industry and government, working together) can't afford to wave away the negative impact technology can have on jobs today.

Those telephone operators either left the workforce or found lower-paying jobs. Is there something government can do to underwrite some of the costs of helping the modern-day equivalent of the telephone operators to find new jobs? I don't know. If you have ideas, please comment below or ping me on Twitter (@mjasay).

Disclosure: I work for AWS, but the views expressed herein are mine.

We deliver the top business tech news stories about the companies, the people, and the products revolutionizing the planet. Delivered Daily

See the original post:

AI automation promises to have a big, and not always positive, impact - TechRepublic

November 26th, 2020 by Jennifer Sensiba

A recent study by the Insurance Institute for Highway Safety (IIHS) shows that drivers tend to let attention lapse more as they get used to lane-centering driver assist.

In the study, 10 volunteers drove a vehicle with adaptive cruise control (ACC), or smart cruise control that maintains a follow distance and avoids colliding into other vehicles. A second set of 10 volunteers had adaptive cruise control and lane centering technology, so that the vehicle could drive on the highway without driver input. Presumably, all volunteers knew that the systems were not fully self-driving systems and that their attention would be required when driving, much like Teslas Autopilot.

According to IIHS Senior Research Scientist Ian Reagan, the two groups of drivers paid equal attention to the road when they first started using the systems. After a month, plenty of time for the volunteers to get used to the systems, those with both ACC and autosteer were far more likely to ignore the road than those with ACC alone. Drivers were more than twice as likely to show signs of disengagement after a month of using Pilot Assist compared with the beginning of the study, Reagan says. Compared with driving manually, they were more than 12 times as likely to take both hands off the wheel after theyd gotten used to how the lane centering worked.

The IIHS press release goes on to explain how the use of less than full automation can be more dangerous than either full self-driving cars (in theory, when they exist) or manual driving, because drivers are more likely to abuse the systems as they falsely gain trust in them. To solve this problem, different manufacturers take different approaches. Tesla uses the nag system that detects torque on the wheel, so it can tell whether one has hands on the wheel (assuming weights arent added to the wheel to defeat this safety feature). Some other manufacturers use a driver monitoring camera that will warn the driver and then disengage or stop the vehicle if the driver is not paying attention.

While theres debate on which approach is best, with many experts favoring driver monitoring, one thing is not really up for debate: that the driver is still required to pay attention to safely use these systems. Its important that drivers using semi-automated driving systems dont fall into complacency and start treating systems like Autopilot, Enhanced Autopilot, or the Full Self-Driving (FSD) beta like theyre true self-driving car systems.

As the new FSD beta is out longer and longer, be sure to remind yourself and others to not do what the drivers in this study did. Safety has to come first.

Do you think Ive been helpful in your understanding of Tesla, clean energy, etc.? Feel free to use my Tesla referral code to get yourself (and me) some small perks and discounts on Tesla cars and solar products. You can also follow me on Twitterto see my latest articles and other random things.

Appreciate CleanTechnicas originality? Consider becoming aCleanTechnica member, supporter, or ambassador or apatron on Patreon.

Sign up for our free daily newsletter or weekly newsletter to never miss a story.

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Tags: IIHS, Tesla, Tesla autopilot, Tesla Full Self-Driving

Jennifer Sensiba Jennifer Sensiba is a long time efficient vehicle enthusiast, writer, and photographer. She grew up around a transmission shop, and has been experimenting with vehicle efficiency since she was 16 and drove a Pontiac Fiero. She likes to explore the Southwest US with her partner, kids, and animals.Follow her on Twitter for her latest articles and other random things: https://twitter.com/JenniferSensibaDo you think I've been helpful in your understanding of Tesla, clean energy, etc? Feel free to use my Tesla referral code to get yourself (and me) some small perks and discounts on their cars and solar products. https://www.tesla.com/referral/jennifer90562

Go here to read the rest:

IIHS: Attention Slips As Drivers Get Used To Level 2 Automation - CleanTechnica

They can check you in and deliver orange juice to your hotel room, answer your questions about a missing package, whip up sushi and pack up thousands of subscription boxes. And, perhaps most importantly, they are completely immune to Covid-19. While people have had a hard time in the coronavirus pandemic, robots are having a moment.

The Covid-19 pandemic has left millions of Americans unemployed disproportionately those in the service industries where women and people of color make up the largest share of the labor force. In October, 11 million people were unemployed in the US, compared with about 6 million people who were without a job during the same time last year.

And as humans are experiencing record job losses and economic uncertainty, robots have become a hot commodity. Multiple technology manufacturers have reported increased demand for their bots over the course of the pandemic, from drone-like machines that can roam hallways to make deliveries and AI-powered customer service software to increased use of self-service checkouts at supermarkets.

A recent report from the World Economic Forum predicted that by 2025 the next wave of automation turbocharged by the pandemic will disrupt 85m jobs globally. New jobs will be created but businesses, governments and workers must plan to urgently work together to implement a new vision for the global workforce.

The hospitality industry, which has been one of the hardest-hit by the pandemic, has seen a clear uptick in the adoption of new technology during the pandemic. Hotels are allowing guests to use kiosks to check themselves in, apps to control the television and light switches in their room and a few use delivery bots to send to guests room when they want a refreshment.

Ron Swidler, chief information officer of the Gettys Group, a hotel design and development consultancy firm, said more hotels are experimenting with new technology during the pandemic. Swidler leads the Hotel of Tomorrow, a consortium of hospitality leaders that was re-upped in the middle of the pandemic to think of ways to innovate the industry. The group came up with five big ideas on how the industry needs to change, and new technology including robots are a core part of the equation.

The cost [of automation] is coming down, the technology is getting better and we are seeing innovation working effectively in other parts of the world that we can transfer here, Swidler said, citing Alibabas FlyZoo hotel that is staffed nearly entirely by technology, from check-in to room service.

While the idea of being serviced by a BB-8 lookalike in a hotel may seem strange, Swidler said permanent job losses in the industry will be a reality as hotels adopt new technologies to try to save on labor costs.

It is unclear whether the increased demand for new technology has directly caused job losses during the pandemic, but a discussion paper published by the Federal Reserve Bank of Philadelphia in September found that automatable jobs occupations that could be replaced by technology that is in development or is already available lost 4.2 more jobs per every 100 than occupations that are less at risk for automation. Occupations that are considered automatable include hotel desk clerks, shuttle drivers and retail salespeople, according to the paper.

The papers authors raise the widely shared concern that the automation undertaken during the pandemic will be a permanent replacement for jobs.

The longer time it takes to fully control the virus, the higher the probability that the labor-saving technology will become permanent, said Lei Ding, senior economic advisor at the Federal Reserve Bank of Philadelphia and co-author of the paper. Job losses will become permanent losses.

Currently, there are only anecdotal examples of permanent job loss due to an uptick in automation brought on by the pandemic, but the layoffs of hundreds of Pennsylvania toll booth workers provides one clear example of how labor-saving technology can sweep away jobs.

In June, the Pennsylvania Turnpike Commission laid off about 500 toll collectors in the state when it switched to all-electronic toll collecting.

For years, the commission had talked about replacing toll booth workers with automated collectors, and they finally gave workers a timeline. Per a union agreement, workers were supposed to be kept on payroll until at least October 2021, with final layoffs happening by January 2022.

The longer time it takes to fully control the virus, the higher the probability that the labor-saving technology will become permanent

When the pandemic arrived, collectors were sent home in March and were promised that the commission would still uphold the October 2021 date. But in June, the commission permanently laid off all workers, over a year before the agreed date.

We understand the safety of employees is the most important thing, but for them to have safety mean the elimination of their jobs Its been devastating, said Jock Rowe, principal officer for Teamsters Local 77, the union representing 300 of the laid-off toll workers.

Rowe cited other toll-collecting agencies that brought back toll workers with enhanced safety measures, including the Port Authority of New York and New Jersey.

The impact of a recession on the growth of automation has been well-documented by economists and has shown that automation does not grow steadily, but rather happens in bursts. Businesses are more likely to automate after experiencing economic shocks, when they have strong incentives to save on labor.

For a study published in 2016, researchers from the University of Rochester combed through 87m job postings online from before and after the Great Recession. They found that employers in cities that were hit hardest by the recession were replacing workers with labor-saving technology and more skilled workers. A report published by the Century Foundation found that robot intensity increased in 2009, in the immediate wake of the Great Recession, particularly in the manufacturing industry.

While an increase in automation can be good for educated workers and help to stimulate the economy, studies have also shown that new technology tends to leave low-wage workers behind.

Automation has been a major driver in the increase in inequality, said Daron Acemoglu, an economist at the Massachusetts Institute of Technology. Acemoglu co-authored a study published in May that showed automation creates a prosperity gap that benefits high-skilled workers at the sake of lower-skilled workers.

Low-wage workers are not only more susceptible to job loss and wage depression due to automation, but they also experienced the most job losses due to shutdowns. Higher-wage workers are more likely to be able to work from home during the pandemic, while lower-wage workers a disproportionate number of whom are Black or Hispanic were more susceptible to layoffs due to shutdown orders.

Automation has been a major driver in the increase in inequality

An important caveat many roboticists will point out is that artificial intelligence technology is not quite smart enough to cause mass waves of layoffs due to robots. New AI technology can take a lot of money, time and resources to set up, something that many businesses do not have during the pandemic.

You should definitely not worry about losing your job to an AI-enabled robot right now. If youre going to lose your job to automation, its going to be some proven, well-known automation that is more than 10 or 15 years old, said Matt Beane, an assistant professor at the University of Santa Barbaras Technology Management Program.

AI has tremendous potential for making humans more productive without replacing humans, Acemoglu said, if society takes a human-centric approach to technological advances. But without the political will to make sure those who do lose jobs are taken care of, by training them for new jobs, for example, the impact of automation may be devastating and a pandemic that has already hit those workers hardest could be leave a lasting legacy of unemployment.

Im not saying automation is terrible What Im saying is it would be terrible if we put all the eggs in the automation basket, Acemoglu said. We have to a large extent done so over the last 30 years. [The pandemic] will just exacerbate that.

See the article here:

Robots on the rise as Americans experience record job losses amid pandemic - The Guardian

LONDON--(BUSINESS WIRE)--The new Automation and Instrumentation market research report from SpendEdge indicates an incremental growth during the forecast period as the business impact of COVID-19 spreads.

As the markets recover, SpendEdge expects the Automation and Instrumentation market size to grow by USD 24 billion during the period 2020-2024.

Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the Automation and Instrumentation market. Download free report sample

Automation And Instrumentation Market Analysis

Analysis of the cost and volume drivers and supply market forecasts in various regions are offered in this Automation and Instrumentation research report. This market intelligence report also analyzes the top supply markets and the critical cost drivers that can aid buyers and suppliers devise a cost-effective category management strategy.

Insights Delivered into the Automation and Instrumentation Market

This market intelligence report on Automation and Instrumentation answers to all the critical problems faced by investors who seek cost-saving opportunities in a competitive market. It also offers actionable anecdotes on the industry structure and supply market forecasts including highlights of the top vendors in this market. Our procurement experts have determined effective category pricing strategies that are attuned to the dynamics of this market which can be leveraged to maximize revenue generation against minimum investments on the products.

Information on Latest Trends and Supply Chain Market Information Knowledge center on COVID-19 impact assessment

The reports help buyers understand:

This Automation And Instrumentation Market procurement research report offers coverage of:

For more information on the exact spend growth rate and yearly category spend, download a free sample.

This market intelligence report identifies the major costs incurred by suppliers and provides additional information on:

Click here to learn about report detailed analysis and insights on how you can leverage them to grow your business.

Notes:

Get access to regular sourcing and procurement insights to our digital procurement platform- Contact Us.

Table of Content

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more https://www.spendedge.com/request-for-demo

See original here:

Automation and Instrumentation Market Procurement Report | Roadmap to Recovery for Businesses From the Impact of COVID-19 Pandemic | SpendEdge -...

As the Covid-19 pandemic gripped businesses all over the world, many turned to automation technology and artificial intelligence for help, and are producing stellar results.

A new report from Deloitte, based on a poll of 441 executives from 29 different countries, claims that two thirds of business leaders (68 percent) used automation to tackle the coronavirus crisis, bringing the total number of businesses using the modern tech to about 73 percent. The figure is up from 48 percent last year.

Furthermore, the number of businesses that deployed automation at scale tripled in the last two years. The number of businesses with 50 and more automations almost doubled in a year, and tripled in the last two years.

Deloitte's latest UK CFO survey also argues that were just seeing the beginning of business transformation, as it now considered the biggest investment for the next year. Two thirds of CFOs in the UK expect their business to invest more in organization and business process improvements, such as restructuring, streamlining and automation.

Implementing the new technology, however, is not without its challenges, and if businesses are to continue on this path, they will need to retrain and upskill their workforce. The report says that over the next three years, business leaders can expect to have to retrain a third of their workforce.

Today, almost a quarter (23 percent) of workers experienced their roles changing because of automation. A tenth has already had to retrain due to the significant changes brought upon them by the tech.

Deloittes full report can be found on this link.

See more here:

Automation was the secret weapon for many businesses during pandemic - ITProPortal

In what it describes as a significantindustry milestone, Ericsson has revealed that it has passed the century mark for its orchestrator technology in the third quarter of 2020, securing 139 commercial orchestration dealswith more than 100 global communications service providers.

The Ericsson Orchestrator is designed to enable automation of hybrid infrastructure, including PNFs and VNFs, in a multi-supplier environment. It supports resource orchestration, VNF lifecycle management and end-to-end service orchestration for both telecom and enterprise environments.

Ericsson said the key benefits of its orchestration offering include providing the capabilities that service providers need to operate their networks efficiently, increase agility, build new services quickly and future-proof their networks to stay ahead in the race to obtain 5G market share.

Orchestration is also a vital component for 5G network slicing, which is predicted to be a key revenue enabler in the 5G arena. A recent study from Juniper Research calculated that the growth of 5G networks will be robust over the next five years, with 5G revenue set to represent 44% of global operator billed revenue at the end of the study period because of rapid migration of 4G mobile subscribers to 5G networks and new business use cases enabled by 5G technology.

This would mean operator billed revenue from 5G connections is projected to reach $357bn by 2025, rising from $5bn in 2020, its first full year of commercial service.

Ericsson claims that with its orchestration solution, customers can expect to reduce time to market for new service development by up to 70%, reduce operational costs by up to 30%, and enable new enterprise service revenues.

Our smart orchestration solutions transform our customers operations to cut time to market, automate order fulfilment and improve operations, said Peo Lehto, head of Ericsson Solution Area OSS. This is made possible with efficient lifecycle management and closed-loop assurance built with artificial intelligence and machine learning.

Ericsson claims it is sealing wins in what it says is current industry momentum in the areas of network virtualisation, automation and orchestration as next-generation infrastructures build out. Its publicly announced orchestration contracts include deals with Verizon, TIM, NTT DoCoMo, Telefnica and Swisscom.

Three-fifths of Ericsson Orchestrator customers are said to have selected the system for management and orchestration of NFV infrastructure and virtual network (NFVi) functions.

The company also noted that the number of service providers orchestrating advanced enterprise services is increasing, that many enterprise services are multi-supplier, and service providers expect to be able to orchestrate multicloud services in the future. It said the current top three enterprise services are: SD-WAN orchestration; WAN optimisation, often in conjunction with SD-WAN; and enterprise security services.

See the article here:

Ericsson taps into industry momentum for network orchestration and automation - ComputerWeekly.com