Category Archives: Automation

In manufacturing, the handshake between man and machine continues to be important to efficiency and quality. This hand-off was critical during a recent deployment of 3D Infotechs Universal Metrology Automation system for robotic 3D scanning and inspection. With variety in part size and geometry, there was a need to eliminate complex fixturing, while also ensuring the correct part was loaded in the correct location.

In order to accomplish this, 3D Infotech developed PartID, a software that easily integrates with any 2D camera. PartID captures the position and orientation of the part, providing operator feedback during placement in the system. Live feedback includes part position outline, direction arrows, and measured confidence levels. Turning green once the confidence percentage crosses a user-defined threshold, the operator may then proceed to run the automated inspection program. Confidence levels that dont meet the threshold prevent the system from proceeding onto the next operation, reducing the chance an error could be made. The robotic scanning system program cannot be executed without verification from PartID.

The type of applications where PartID can be implemented can extend beyond the initial application. Any operation that requires verification of part placement and location can utilize simplified PartID solution. The camera can be mounted as an overhead station or even mounted to the end-effector of a robot. Collaborative robots especially pose as an excellent example where there is an ever growing need for man to work alongside machine.

PartID Features include:

PartID Applications:

For more information: http://www.3dinfotech.com

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Hexagons Manufacturing Intelligence division has announced it will host HxGN LIVE Smart Manufacturing Detroit 2020 on May 19 20, 2020. The digital solutions conference will be held at Hexagons

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The requirements regarding the surface quality of semi-finished products continue to increase. Especially the assurance of purity or desired coating properties is becoming more and more important. In many cases,

The primary goal of any shop is manufacturing dimensionally accurate parts at minimum cost. While quality control is indispensable, conventional dimensional measurement methods are not efficient. Digitizing measurement data where

At the BMWs Spartanburg USA manufacturing site, the future has already begun: In door assembly, people and robots work side by side without a safety fence in one

The requirements regarding the surface quality of semi-finished products continue to increase. Especially the assurance of purity or desired coating properties is becoming more and more important. In many cases,

Quality assurance and traceability are vital for die casting foundries. Numerous test methods are available in order that companies can control the extent to which their products meet the requirements

In the palm of his hand, Thomas Brian Renegar held two small metal objects that had changed the course of history. Twisted pieces of copper and lead, they were fragments

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PartID Captures Position and Part Orientation For Metrology Automation Metrology and Quality News - Online Magazine - "metrology news"

The Royal Bank of Canada (RBC) and its automation software supplier have helped Mencap to remove the risks of embarking on an automation project, which ultimately led to the learning disability support charity building a robotic workforce.

The charitys automation journey is a story of how three organisations in contrasting sectors can gain from tech collaboration.

It all began when Vince Gratrick, IT director at Mencap, met up with a former colleague, now working at the Royal Bank of Canada.

I told him how Mencap was keen to use robotic process automation [RPA] technology, but that we hadnt invested in it, said Gratrick. He mentioned that the bank was using RPA from Blue Prism and arranged for some of the Mencap staff to meet up with teams at RBC in London.

RBC showed the Mencap staff what it was using RPA for and offered to take one of its processes and, using a test licence, build a proof of concept that it could demonstrate to the charitys executive team.

The automated process was in the HR department, a deliberate decision to make it more palatable to the staff who would use it, said Gratrick. I didnt want automation to be seen as an IT thing; I wanted it to be seen as a business benefit, he added.

For the demo, Mencap automated the process of filling a change form, which is used if staff change their title or address. This traditionally took three minutes for a human to do, but in the proof of concept through automation, a robot completes it in one minute.

From the meeting with RBC, it took about five months to put together a demo for Mencaps executive team. This may seem slow, but RBC staff worked pro bono and had to fit the work in around their day jobs.

The demo was a success and the project then moved to a new phase. The executives were very pleased to see the demo because it made it real for them and helped them understand what it really means when people talk about robots automating repetitive processes, said Gratrick.

After being given permission to take the project into production, Blue Prism became involved. They were keen to understand how it could maximise its impact in the not-for-profit sector, said Gratrick.

Blue Prism gave Mencap a discounted licence and helped it to start on its RPA journey.

Gratrick said the collaboration demonstrated that if charities that do not have a large IT resource are given a leg-up with RPA, they can start harnessing the technology.

For Mencap, there were three initial pressures in getting started the initial capital investment, understanding what it means, and a cultural barrier with people fearing job losses.

Blue Prism and RBC solved the first two for us and, by making it real, we solved the third, said Gratrick. A lot of charities I speak to are interested, like I was, but dont know how to make it work. There is quite a barrier to entry in terms of skillsets, so what Blue Prism is doing and what RBC helped to demonstrate is the value of a little help getting a charity started.

There has been no financial investment from Mencap, with RBC and Blue Prism covering this, but it will begin to pay an annual licence fee, with a not-for-profit discount, when the implementation is complete.

This will inevitably lead to investment in RPA at Mencap. By getting that leg-up, you begin to cut costs and reinvest in more robots and automate more processes, said Gratrick.

Mencap did not set cost saving targets in the project, and focused on time saving and other metrics, including data quality and customer satisfaction, he added.

Mencap will continue to focus its automation activity on HR processes for now. But by doing this exercise and with the team evangelising, we have identified over 30 different processes that can be automated and thats just the low-hanging fruit, said Gratrick.

He said he has enjoyed being part of a collaboration between three very different organisations doing something really positive and all of them gaining from it. For the RBC guys, it has provided the immense satisfaction of doing something useful and productive, he said. It has been very rewarding for them and they have been very engaged.

Alex Davies, director at RBC, said: RBC is committed to its communities and philanthropic activities, but this project demonstrates a totally new way for us and for other commercial enterprises to partner with charities. We also believe that a partnership between a bank and a charity to deliver RPA is a UK first.

Gratrick said the project has also been a test bed for Blue Prism. It has been useful for Blue Prism to see how you can get software like this into an organisation on a sector that cant have the investment that corporates have, he said.

It could also be a useful case study for charities looking to begin or mature their digital transformation.

Mencap itself is on such a journey, with automation a key part. Gratrick added: A big part of what we are trying to do is digitise what happens in our workforce. We have over 6,000 field-based workers and when I started, these support staff were not digitally enabled.

The first part of the challenge was to modernise systems at Mencap and the second was to digitise how the workforce uses IT. This involved building apps relevant to them and connecting them up to systems.

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Royal Bank of Canada gives Mencap a leg-up in automating processes - ComputerWeekly.com

A look at the shareholders of Tedea Technological Development and Automation Ltd. (TLV:TEDE) can tell us which group is most powerful. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, Dont tell me what you think, tell me what you have in your portfolio.

Tedea Technological Development and Automation is not a large company by global standards. It has a market capitalization of 78m, which means it wouldnt have the attention of many institutional investors. In the chart below, we can see that institutional investors have bought into the company. Lets delve deeper into each type of owner, to discover more about Tedea Technological Development and Automation.

Check out our latest analysis for Tedea Technological Development and Automation

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

We can see that Tedea Technological Development and Automation does have institutional investors; and they hold 11% of the stock. This suggests some credibility amongst professional investors. But we cant rely on that fact alone, since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. Its therefore worth looking at Tedea Technological Development and Automations earnings history, below. Of course, the future is what really matters.

Tedea Technological Development and Automation is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is F.G.R.R. Holdings Ltd with 17% of shares outstanding. The second largest shareholder with 15%, is Mordechai Gorfung, followed by Yelin Lapidot Provident Funds Management Ltd., with an ownership of 9.6%.

Additionally, we found that 52% of the shares are owned by the top 5 shareholders. In other words, these shareholders have a meaningful say in the decisions of the company.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stocks expected performance. Our information suggests that there isnt any analyst coverage of the stock, so it is probably little known.

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.

It seems insiders own a significant proportion of Tedea Technological Development and Automation Ltd.. Insiders have a 27m stake in this 78m business. I would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling.

The general public, with a 33% stake in the company, will not easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

It seems that Private Companies own 21%, of the TEDE stock. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.

While it is well worth considering the different groups that own a company, there are other factors that are even more important. To that end, you should learn about the 6 warning signs weve spotted with Tedea Technological Development and Automation (including 2 which is dont sit too well with us) .

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.

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What Kind Of Shareholders Own Tedea Technological Development and Automation Ltd. (TLV:TEDE)? - Simply Wall St

The nations largest owner of radio stations has announced a massive shift in technology with the aim of modernizing the company.

IHeartMedia, formerly known as ClearChannel, has announced a major restructuring plan that will include larger investments in technology, automation and more centralized workflow for its various markets. The company owns five radio stations in our region: FM stations Bob 94.9, River 97.3 and Alt 99.3, and AM stations WHP 580 and Fox Sports 1460.

In a press release, the company announced that the new structure will enable the company to maximize the performance of each of its markets and the company overall -- with its unique scale and multiple platforms, adding that the changes will enhance iHeartMedias position as the number one audio company in America, continue its successful transformation as a technology- and data-powered 21st century media company, and accelerate the development of new platforms and services.

However, AllAccess.com reports that the company released an internal memo that also shared that the changes would result in employee dislocation, which would include layoffs, "some by geography and some by function -- which is the unfortunate price we pay to modernize the company.

Requests for comment from the IHeartMedia stations in our area were directed to Jeff Hurley, IHeartMedias senior vice president of programming for the Allentown-Harrisburg region. A statement from IHeartMedia made no specific mentions of changes or layoffs coming to any of the stations in the region, but that the loss of any job is significant.

Here is the full statement released from IHeartMedia:

"We are modernizing our company to take advantage of the significant investments we have made in new technology and aligning our operating structure to match the technology-powered businesses we are now in. This is another step in the companys successful transformation as a multiple platform 21st century media company, and we believe it is essential to our future it continues our momentum and adds to our competitiveness, our effectiveness and our efficiency with all our major constituencies.

During a transition like this its reasonable to expect that there will be some shifts in jobs some by location and some by function but the number is relatively small given our overall employee base of 12,500. That said, we recognize that the loss of any job is significant; we take that responsibility seriously and have been thoughtful in the process."

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IHeartMedia will save money but lose jobs with automation: These Pa. radio stations may be affected - PennLive

MarketandResearch.biz has published innovative data, titled Global Marketing Automation Software Market Growth (Status and Outlook) 2019-2024 which offers an in-depth assessment of the global market with an excellent presentation. The report helps market participants to gain strong insights into the industry and make a valuable decision by highlighting important aspects of the global Marketing Automation Software market. The study highlights the assessment of the market by giving a lot of focus on futuristic trends, growth drivers, expert opinions, historical data related to market sizing, facts, and industry-certified data. The report estimates market volume, revenue, consumption, market share, production, price, and gross margins.

Market Overview:

The report includes product classification, critical explanation, the major product & application categories & segments, forecast essentials for 2019 to 2024 time period. Market segmentation by product type, customer, application and regional segments has been provided. The leading players in the market are challenging each other based on the price difference and product innovation to mark a strong footprint in the global Marketing Automation Software market. It further delivers an in-depth investigation of the growth drivers industry, present demand in the market, and restrictions.

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Comprehensive Segmentation Analysis:

Analysts have highlighted profiles of the top manufacturers of the market along with their price, sales, revenue, manufacturing sites, capacity, production, and global market share. Then, you will find the competitive scenario of the major market players focusing on their customer demands, company profile, import/export scenario, business strategies that will help the emerging market segments in making major business decisions. Then other crucial factors such as raw material affluence, financial stability, technological development, trading policies, and increasing demand boosting the Marketing Automation Software market growth are additionally discussed in the report.

Different contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. Top companies profiled in this report include: HubSpot, ETrigue, Marketo, Salesforce, Adobe Systems, Act-On Software, IBM, Oracle, Cognizant, Infusionsoft, Salesfusion, SAP, SALESmanago, GreenRope, LeadSquared, IContact, SharpSpring, MarcomCentral, Hatchbuck, SAS Institute, Aprimo

The market study also offers an analysis of every area of the regional spectrum of this industry along with its sub-segments. The regions are extensively analyzed with respect to every parameter of the geographies in question, comprising: Americas (United States, Canada, Mexico, Brazil), APAC (China, Japan, Korea, Southeast Asia, India, Australia), Europe (Germany, France, UK, Italy, Russia, Spain), Middle East & Africa (Egypt, South Africa, Israel, Turkey, GCC Countries)

Industrial analysis of the global market by type:- Campaign Management, Email Marketing, Mobile Application, Inbound Marketing, Lead Nurturing and Lead Scoring, Reporting and Analytics, Social Media Marketing, Others

Industrial analysis of the global market by applications:- Large Enterprises, Small and Mid-sized Enterprises (SMEs)

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Global Marketing Automation Software Market: Industry Trends and Developments 2019-2024 Dagoretti News - Dagoretti News

Python is the most common language for network automation, but it can't do the job easily all by itself. Fortunately, several motivated individuals have created libraries that handle a lot of the details of network automation with Python. These automation libraries enable users to more easily build automation systems.

Users starting with automation should first gain a basic understanding of the Python scripting language and data structures, such as lists, tuples, dictionaries and sets. They'll also want to learn the basics of the Jinja2 templating language and YAML (YAML Ain't Markup Language). Users get a powerful automation framework when they combine Python scripting, Jinja2 for templating, YAML for data representation and the automation libraries below.

Network automation with Python and automation libraries can enable simplified communication with network devices. In this article, we take a look at three network automation libraries: Paramiko, Netmiko and NAPALM, or Network Automation Programmability Abstraction Layer with Multivendor support. Each library builds on its predecessor to provide greater layers of abstraction that enable users to build more efficient automation systems.

Paramiko is a low-level Secure Shell (SSH) client library. We can use it to programmatically control connecting to a network device's command-line interface (CLI) over a secure SSH connection. With the library, users send commands a person would normally type and parse the results of each command's execution, also known as screen scraping.

The Python script below uses the Paramiko library to query a Cisco Catalyst 3560 router for its Address Resolution Protocol (ARP) table. It is the first step of a script to identify the switch port where a device is connected.

Lines one to five import the additional libraries we need and define the IP address of the router we're going to query. Lines seven to 14 create an SSH connection to the router and login using the name tester with the password foobar. A command is sent to disable output pagination. Lines 16 to 18 send the show arp command, and line 21 reads the command result and prints it. The connection is closed when the script ends.

Here is the result:

Paramiko provides a low-level SSH interface to network devices. Many parameters that vary according to device model are encoded in the script, including changes in command syntax for different OSes. In addition, we would have to handle all the details of gathering data, making configuration changes and verifying those changes. To make a configuration change, we would need to manage each step of the process -- enabling access, entering config mode, sending the changes and saving the changes. Fortunately, other frameworks, like Netmiko, do a lot of this work for us.

The Netmiko library helps users hide many details of common device communications functions. It uses Paramiko for the low-level SSH connectivity, but it provides greater abstraction of the communication with a variety of network device models. Netmiko supports a wide range of devices, and the Netmiko script is much shorter than the Paramiko script, as seen below.

Lines one to four import the necessary modules, and lines five to 10 then create a Python dictionary that contains the connection parameters for this device. When working with many devices, users will need additional code to iterate over the devices, which they can easily do with a list of dictionaries. The device connection is one line, and another line sends the command and prints the output.

The Netmiko output is shorter as well, having stripped the device prompts from around the command output:

Netmiko used the device_type definition to properly handle communications with the device, and we didn't have to do any of the device-specific work. While Netmiko enables users to issue device commands and get the responses, it doesn't automate configuration management. That's where we use NAPALM.

NAPALM is built on top of Netmiko and provides a mechanism for interacting with device configurations. It supports a smaller set of devices than Netmiko: Arista, Juniper and Cisco (IOS, IOS XR, NX-OS and NX-OS SSH). It also supports a large set of getter functions that retrieve basic device data. The following script uses the get_arp_table() function:

The setup with NAPALM is longer than with Netmiko because it needs more libraries and the login parameters must be specified differently, as in lines two to 13. The connection is established in lines 15 to 17. Finally, the ARP table information is retrieved.

NAPALM returns it in Python dictionary format, so we use a library function to prettyprint it:

The dictionary output can be used directly within Python. The other libraries provide the CLI textual output, which would have to be converted to a Python data structure to be useful for other purposes.

The real power of NAPALM is in its ability to work with configurations, including the following:

Several online courses and videos cover network automation with Python and automation frameworks. Nick Russo's courses are a good starting point. Ivan Pepelnjak also explores other technologies in his more advanced "Building Network Automations Solutions" and "Ansible for Networking Engineers" (with David Barroso) courses.

See original here:

Network automation with Python, Paramiko, Netmiko and NAPALM - TechTarget

Blue Prisms Award-Winning Robotic Process Automation (RPA) Software Available in New Flexible Consumption Models

Building on a foundation of enabling greater choice, security and scalability, Blue Prismannounced the availability of three new Software-as-a-Service (SaaS) solutions that augment its Digital Workforce powered by the companys connected-RPA Platform. These new SaaS solutions leverage IP acquired with Thoughtonomy (now branded Blue Prism Cloud) and allow enterprises to access the industrys most advanced intelligent automation capabilities. Blue Prism now gives customers access to end-to-end automation solutions that cover all IT environments on-premise, cloud, hybrid and SaaS an industry first.

Our SaaS customers have long enjoyed the benefit of AI technologies that increase utilization while simplifying management of an intelligent digital workforce, in addition to facilitating closer collaboration between human and digital workers, says Terry Walby, CEO of Blue Prism Cloud. Now, weve opened up these capabilities to our entire community of Blue Prism users so that they can accelerate their digital transformation whether they are running automation environments on-premise or from the cloud.

Read More: AiThority Interview with Rajeev Gollarahalli, Chief Business Officer at 42Q

The new SaaS offeringsunderpin Blue Prisms connected-RPA strategy to provide a Digital Workforce for every Enterprise built with the industrys most comprehensive portfolio of automation solutions. In line with this strategy, these latest capabilities are being made available directly from Blue Prisms Digital Exchange (DX) and through partners. Each one addresses key needs for enterprises looking to maximize value from their investment:

Read More: TCS Recognized as a Leader in Cloud Services by Everest Group

This is the update the industry has been waiting for, according to Elena Christopher, Senior Vice President at HFS Research. Blue Prism has essentially taken some of the strongest elements of its Thoughtonomy acquisition and rebranded and packaged as new fully integrated offerings available on the DX. These offerings are in strong alignment with HFS latest research with 260 power users of RPA; better dashboards and analytics and enhanced AI capabilities topped this list as the most pervasive customer needs. The support for attended and human in the loop automation is also of note given Blue Prisms strength in unattended. Well stay tuned for results.

Read More: How Artificial Intelligence and Blockchain is Revolutionizing Mobile Industry in 2020?

Excerpt from:

New Blue Prism SaaS Offerings Add to Industry's Most Comprehensive Portfolio of Automation Solutions - AiThority

The US based tech Google has introduced a new "Google IT Automation with Python Professional Certificate" a program which is designed to provide job-ready skills in Python, Git and IT automation in under six months.

"Python is now the most in-demand programming language, and more than 530,000 USjobs, including 75,000 entry-level jobs require Python proficiency. With this new certificate, you can learn Python, Git and IT automation within six months," Natalie Van Kleef Conley Product Lead, Grow with Google, said in a statement on Thursday.

The program includes a final project where learners will use their new skills to solve a problem they might encounter on the job, like building a web service using automation.

"To ensure learners from underserved backgrounds have access to both IT Professional Certificates, Google.org will fund 2,500 need-based scholarships through nonprofits like Goodwill, Merit America, Per Scholas and Upwardly Global. Along with top employers like Walmart, Hulu and Sprint, Google considers program completers when hiring for IT roles," Conley added.

Back in October last year, Google CEO Sundar Pichai and White House advisor Ivanka Trump announced a program to provide 250,000 Americans training opportunities to teach technology skills.

At the time, Pichai also mentioned that Google's program for certifying IT professionals will expand to 100 US community colleges by the end of 2020.

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Google's New Online Coding Course to Train in Python, Git, and IT Automation - NDTV

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Research firm RBRs new study has revealed that the number of automated deposit terminals (ADTs) installed worldwide have increased by 4% and have reached 1.4 million in 2018. Deposit ATMs, according to banks, are expected to become a tool for enabling customers to migrate transactions from the teller and save costs.

Sam Blackwell, who led RBRs Deposit Automation and Recycling 2019 research, commented, Although the technology has been available for decades, the number of deposit ATMs installed worldwide continues to demonstrate healthy growth. Banks are now expected to pivot further towards recycling as the ratio of withdrawals to deposits narrows and CIT costs grow, presenting increased opportunities for cost savings.

The study also revealed that automated deposits grew by 10% in the core markets covered with the exception of China, where the increase in mobile payments adoption has stifled cash usage. Majority of the markets are expected to show an increase by 14% by 2024 to over 1.6 million. It stated that 52% of the ATMs around the world will be accepting automated deposits by 2024. USA is expected to see an addition of 40,000 ADTs in the next five years along with an extra 34,000 ADTs by 2024 for Brazil and India.

RBRs research has stated that cash-recycling technology will become a viable option for banks worldwide as its usage helps in the reduction of CIT costs. Two-thirds of the deposit terminals are expected to begin recycling of notes by 2024. Banks are currently investing in machines for allowing them the flexibility of switching on the recycling function at a later date when the business case is established.

Recently, an RBR analyst at the Branch Transformation conference in London stated that branches play a critical role in customer recruitment and retention, despite record adoption of digital channels.

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RBR's study reveals increasing adoption of automated deposit terminals - IBS Intelligence

Firms are now seeking to scale their operations with intelligent automation solutions, fast embracing digitalization.

AIoT Helps Companies Garner the Real Value of IoT Data

As per a survey conducted by Deloitte, intelligent automation strategies are largely all about reimagining industry operations to transform workforces. The study confirmed that organizations are not only embracing robotic process automation (RPA) but are also increasingly deploying intelligent automation.

58% of respondents confirmed to have started their automation journey. Out of these, 38% are piloting (1-10 automation solutions), 12% are implementing (11-50 automation), and 80% are automating at scale with 51+ automation projects which is twice as many as in 2018.

Organizations believe that they can transform their business processes, achieving higher accuracy and speed by automating decisions based on structured and unstructured inputs. Firms expect an average payback period of 15 months, with just nine months in the scaling phase. But, they face many challenges that constrain their embracing intelligent automation. Process fragmentation is the biggest challenge, say 36% of the respondents. It is followed by IT readiness as the second most common barrier, said 17% of the organizations surveyed.

The survey also confirmed that the organizations adopting intelligent automation at scale need to have a few basic attributes in place:

Industries Fight Automation Hypochondria in the Tech Industrial Age

Adoption of AI is necessary to implement intelligent automation in the company successfully. However, 48% of survey respondents admit to neither implementing nor thinking about an intelligent automation strategy includes AI. 36% confirmed including AI in their strategy but not at scale. Only 11% of organizations are currently scaling solutions that incorporate AI.

AI increases the productive capacity of humans. Over 90% of organizations expect intelligent automation to increase their workforce capacity. About a 26% increase in the back-office size is expected over the next three years with a 17% increase in the size of core business operations. Despite all the advantages of intelligent automation, 44% of organizations have not yet calculated how their workforces tasks and roles will change or will be simplified post intelligent automation.

Another critical factor is the retraining of the workforce for the new automation technologies. Almost two-thirds of organizations have not yet considered what proportion of their workforce needs to retrain as a result of automation. About 53% of companies scaling up for automation have stated that they have not yet explored the need to reskill their workforce to make them compliant with the automation strategies. It is a shocking revelation that 38% of organizations are not even retraining employees who have witnessed a role change due to automation.

There is a widespread concern that automation may eliminate jobs. But 74% of the survey respondents believe their workforce is supportive of their intelligent automation strategy. 23% of executives whose organizations are at the pilot stage face a lack of support from employees, compared to just 12% in organizations that are implementing or scaling.

Workforce Analytics in the Agile Age

2020 seems to be an extremely promising year for the breakout of intelligent automation. Firms have targeted low-value opportunities for automating tasks and will increasingly continue to seek more advanced AI technologies as part of their solutions.

Original post:

Rebirth of Industries in the Era of Intelligent Automation - EnterpriseTalk