Category Archives: Automation

DGAP-News: MAX Automation SE / Key word(s): Half Year Results/Half Year ReportMAX Automation posts strong sales and significantly improved earnings in first half of 2022 04.08.2022 / 07:30 The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

MAX Automation posts strong sales and significantly improved earnings in first half of 2022

Order intake of EUR 233.0 million up 37.3% year-on-year (6M 2021: EUR 169.8million)

Order backlog increased by 39.0% to EUR 325.7million (30 June 2021: EUR 234.3 million)

Sales of EUR 190.7million 32.2% above previous years figure (6M 2021: EUR 144.2million)

Operating result (EBITDA) improved disproportionately by 61.3% to EUR 9.7million (6M 2021: EUR 6.0million)

New syndicated loan of EUR 190 million and successful capital increase secure financing

Sales and earnings forecast for full year 2022 confirmed

Dsseldorf, 4 August 2022 MAX Automation SE (ISIN DE000A2DA58), the company listed in the Prime Standard of the Frankfurt Stock Exchange, performed well operationally in the first half of 2022. The MAX Group continued to benefit from the high demand for innovative solutions in the segments it supplies to, environmental technology and the food and automotive industries. Based on high order backlogs, Group sales rose strongly despite isolated delays due to supply chain disruptions and related material shortages. While price increases for raw materials and materials such as electronic components and steel products could largely be passed on to customers in the new orders they placed, they burdened with long-running old projects. In addition, provisions for the closure of iNDAT Robotics GmbH in particular burdened the nevertheless significant increase in EBITDA.

Order intake and order backlog reflect continued positive development

The MAX Groups consolidated order intake increased by 37.3% to EUR 233.0million (6M 2021: EUR169.8million). The segments Elwema, NSM + Jcker and Vecoplan Group made the largest contributions to the positive development.

The bdtronic Groups increase in orders resulted from strong demand for solutions in dispensing and hot riveting technology. Elwema benefited in particular from demand from the automotive industry abroad and from e-mobility in Germany. Continued high demand in packaging automation and increasing project awards for e-mobility in press automation characterized the strong development at NSM + Jcker. The improved order intake of the Vecoplan Group in all areas of the business (Recycling/Waste, Wood/Biomass and Service) and regions reflects the strong positioning in these growth markets. The order intake of the MA micro Group segment declined as expected following the high order intake in the previous quarters, while the AIM micro segment reached the level of the same period of the previous year. After the closure of the iNDAT segment, which was resolved in February, only a small number of service orders were accepted, so that order intake decreased accordingly as planned. The order intake and order backlog in the Other segment were characterized by the liquidation of the IWM companies following the completion of remaining projects.

The order backlog of the MAX Group increased by 39.0% to EUR 325.7million (30 June 2021: EUR234.3million).

Operating result improves disproportionately despite provisions for the liquidation of iNDAT

In the first half of 2022, the MAX Groups sales were EUR 190.7million, 32.2% above the previous years level (6M 2021: EUR 144.2million). Despite ongoing disruptions in the supply chains and the related shortage of materials, the MAX Group succeeded in significantly increasing its sales due to the high order backlog and a sharp rise in incoming orders. In the bdtronic Group segment, catch-up effects and increased incoming orders in dispensing technology as well as the strong service business were responsible for the rise in sales. The segments Vecoplan Group, MA micro Group and AIM micro as well as Elwema and NSM + Jcker achieved high sales based on the favorable order situation. As expected, the iNDAT and Other segments posted declines in sales as a result of the closures.

The MAX Group improved its operating earnings before interest, taxes, depreciation and amortization (EBITDA) disproportionately in the first half of 2022 to EUR 9.7million (6M 2021: EUR 6.0million) despite the burden of provisions for the liquidation of the iNDAT segment. Price increases for raw materials and materials such as electronic components and steel products were largely passed on to customers in new orders, while higher costs for ongoing projects compared to the calculations had a negative impact on margins. The bdtronic Group segment benefited in particular from the high-margin service business. The Vecoplan Group continued to develop positively. The fact that the increase in EBITDA compared to the previous year is only moderate is due to a special effect in the first half of the previous year. MA micro benefited from increased sales with high-margin projects. AIM micro developed as expected. EBITDA in the NSM + Jcker segment declined slightly due to a different project mix and partly increased material costs. The turnaround of Elwema through optimizations in project execution and cost savings remains on track with a significant improvement. In the Other segment, the planned winding-up and liquidation costs of the IWM companies were still noticeable.

Due to the working capital requirements of the increased project volume and an increase in inventories, the MAX Group recorded cash outflow of EUR 14.5million (6M 2021: cash inflow of EUR 9.8 million) from operating cash flow. Cash outflow in the cash flow from investing activities of EUR 2.6million was offset in the same period of the previous year by a special effect from the sale of a property of IWM Automation (6M 2021: cash inflow of EUR 0.6million). In cash flow from financing activities, increased utilization of the new syndicated loan resulted in cash inflow of EUR 17.0million (6M 2021: cash outflow of EUR 22.6million).

Working capital rose to EUR 52.7 million (30 June 2021: EUR 32.2 million), while net debt increased to EUR93.9 million as of 30 June 2022 (30 June 2021: EUR 81.0 million) due to a decline in cash and cash equivalents and a simultaneous increase in bank liabilities. Cash and cash equivalents were at EUR30.6million, the same level as at the end of financial year 2021 (31 December 2021: EUR 30.2 million).

In the first half of 2022, our shareholdings continued to develop positively in operational terms. Order intake increased significantly especially due to the high demand in the segments NSM + Jcker, Elwema and Vecoplan Group with innovative solutions for environmental technology as well as for the food and automotive industries. With the successful capital increase and the early agreement of a new syndicated loan, we have strengthened the financing of the MAX Group and thus laid a solid foundation for further growth. Thanks to our investment portfolio, which is geared towards growth markets, we continue to look optimistically to the second half of the year, said Dr. Christian Diekmann, Managing Director and CEO/CFO of MAX Automation SE.

Outlook 2022 confirmed

In view of the successful development in the first half of 2022 and the positive order situation, the Managing Directors confirm the outlook for 2022, whereby the possible consequences of the ongoing crisis situation in Ukraine and the corona pandemic continue to represent imponderables for the development of the global economy. Provided that the economic development is not significantly weaker than assumed, MAX Automation continues to expect sales of between EUR 360.0 million and EUR 420.0 million and operating profit before interest, taxes, depreciation and amortization (EBITDA) of between EUR 23.0 million and EUR29.0 million for the current financial year.

Key Group figures at a glance

in EUR million

H1 2022

H1 2021

Change

Order intake

233.0

169.8

37.3%

Order book*

325.7

234.3

39.0%

Working Capital*

52.7

32.2

63.5%

Sales

190.7

144.2

32.2%

EBITDA

9.7

6.0

61.3%

Employees (FTE)

1,595

1,594

0.1%

*Comparison of the reporting date 30 June 2022 to 30 June 2021

Key figures of the segments at a glance

in EUR million

H1 2022

H1 2021

Change

bdtronic Group

Order intake

38.2

30.3

26.0%

Order book*

33.3

24.5

35.7%

Sales

29.4

26.1

12.5%

EBITDA

3.8

3.4

11.1%

Vecoplan Group

Order intake

89.3

74.1

20.5%

Order book*

114.3

68.6

66.6%

Sales

75.9

53.0

43.1%

EBITDA

6.3

6.1

2.3%

MA micro Group

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MAX Automation posts strong sales and significantly improved earnings in first half of 2022 - Yahoo Finance UK

Methods Machine Tools, the foremost supplier of high-quality, high-precision CNC machine tools and automation in North America, has released the Turn-Assist 200i and 270i from RoboJob as its first, end-to-end standard automation system for Nakamura-Tome turning centers.

A semi-collaborative system engineered for lathe automation, Turn-Assist is designed to be implemented and run by operators of any skill level. With a simple tablet-style HMI and standard Ethernet IP interface, shops can successfully change over from one part to another within minutes.

Zach Spencer, Methods automation manager, says: By pairing the Turn-Assist from RoboJob with Nakamura-Tome, we have created a unique automation solution for high-mix/low-volume and/or mid-volume with frequent changeovers on round workpieces often associated with Nakamura lathes.

As Methods provides the machine, the options, the automation system, and the interface, along with the installation, training and support, customers have the advantage of working with one supplier for the entire technology and experience stack.

Turn-Assist features an open-floor setup and area sensors to maximize operator safety and accessibility, while a pre-programmable Fanuc robot loads blanks and unloads finished parts from the stocking table. Options are available that allows the robot to process shafts, rotate parts, and interface with a bar-feeder.

Additionally, the integrated, automatic air blow nozzle on the dual, three-jaw gripper enables the robot to discard chips and coolant away from the workholding further streamlining operations without any manual intervention.

Sergio Tondato, Methods Nakamura-Tome product manager, says: Methods and Nakamura-Tome together have served customers for decades with industry-best solutions. In introducing Turn-Assist for Nakamura-Tome, machine owners gain a user-friendly, reliable automation system that will increase efficiency and output on Day 1 without any operator upskilling requirements.

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Methods Machine Tools releases its first end-to-end standard automation system for Nakamura turning centers - Robotics and Automation News

IT automation has expanded to include a wide range of areas, including infrastructure, application development, security, and non-IT operations.

As per Red Hats 2022 Global Tech Outlook, CIOs financial priorities are expanding, particularly IT automation. Although security, cloud management, and cloud infrastructure are more popular as individual spending categories, automation is becoming more important in each field.

According to the research, the top particular categories for expenditure on automation include security automation and cloud services automation, for instance. Even though the budget line item doesnt have the term automation, it is in fact a funding priority for all projects.

Automation appears to grow and change simultaneously, whether in terms of the underlying technology, IT strategy, business consequences, or other ways. Here are three new automation-related challenges that will be important to watch in the second half of 2022 and beyond.

Regardless of whether regarded from an infrastructure POV (consider hybrid cloud and multi-cloud operations), application architecture POV (micro services), security POV (consider DevSecOps), or virtually any other lens, automation is key to the power to scale reliably, swiftly and securely distributed systems. The secret to making it work is automation.

Therefore, automation will be an essential component of edge computing. Due to the dispersed nature of edge architectures and systems, automation is quickly becoming a crucial component of how teams will actually manage those systems.

Applying automation to edge computing as part of a hybrid cloud deployment, which puts computing capabilities closer to consumers and data, is a significant development in the automation field. In order to provide better results, a shared automation platform can scale and simplify both edge deployments as well as the remnant of a hybrid cloud architecture.

Like managing containers at scale, controlling edge nodes at scale is challenging the more businesses there are, making it all the more crucial to automate as much operational labor as possible.

When a company has hundreds or thousands of edge nodes, what some may have previously considered a must-have in a small-scale on-prem infrastructure becomes necessary. Scale is at the heart of the edge; therefore, its crucial to choose a strategy that minimizes security concerns while making scalability simple.

Also Read: Emerging Automation Trends for Enterprises

Undoubtedly, some of the occupations that people do now will disappear due to automation (generally speaking, not only in the IT sector). It has occurred in the past, is happening right now, and will appear again in the future. Empathetic leaders must address employee security concerns rather than brush them off. However, according to industry experts, automation is also creating new employment, eventually more than it will eliminate.

A current example of this phenomenon is IT automation, which is beneficial for IT professionals despite its negative reputation as a job-killer. Automation is becoming increasingly essential to many IT professions since it touches so many elements of IT.

Speaking of operational labor, IT budgets and IT circles are paying close attention to security automation.

To ensure the security of the automation itself, including the tooling, code, settings, and other components, firms should instead use the word automation security, which refers to something slightly different and is starting to receive some much-needed attention.

For instance, serverless and micro services designs are based on the flexibility and automation that APIs provide. Still, as APIs grow more pervasive in the IT ecosystems, the identities of the machines that are using those APIs become increasingly crucial.

Check Out The NewEnterprisetalk Podcast.For more such updates follow us on Google NewsEnterprisetalk News.

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Automation: Three Key Pitfalls to Avoid - EnterpriseTalk

Speed Of Automation Should Be Halved To Help People Adapt

When it comes to automation, the topic can often be framed in a way that accentuates its incredible speed. Indeed, the ability to technological disruption to outpace that of humans to adapt to the change is fundamental to the various negative, and often violent, responses seen towards technology over the years.

"I think it's fair to say that the speed at which we can adapt, whether that's how we train people, how they're compensated, and so on, are all things that can make successful adoption of technology difficult," Gautam Moorjani, General Manager, Intelligent Automation Solutions at SS&C Blue Prism, says.

The march of technology can appear unstoppable, however, both in its inherent inevitability and in the ultimate speed of its march. Research from Dartmouth and MIT suggests that this isn't always the case.

The researchers explain that while investments in automation usually result in higher productivity in firms, and therefore often more employment, it can be harmful to those who are displaced, especially if they have few alternative options. As a result, the researchers believe that the speed of automation should be halved.

"Firms do not necessarily take into account the consequences that automation has for their workers. Instead, they tend to focus on the value that automation will bring to the firm and its shareholders," the researchers explain. "Automation can benefit society as a whole. But it also comes at a cost in the short run. It displaces workers who can be financially vulnerable."

As a result, the authors believe that automation should be taxed in order to slow it down sufficiently that workers can successfully retrain and then transition into new jobs. Indeed, in an ideal world, the revenue raised by the taxation would be specifically used to finance retraining programs or otherwise be used to compensate displaced workers.

They are at pains to point out that this shouldn't be viewed as a permanent measure, although it would be sufficiently permanent to last a few decades, after which the researchers hope that any displaced workers will have transitioned into new forms of work.

"Automation should only be taxed while existing generations reallocate," they explain. "There is no reason to tax automation in the long-run, if new cohorts can get the appropriate training and choose occupations that are less at risk of automation."

While the likes of Bill Gates have argued for taxing the implementation of robots and similar technologies, the researchers believe that there remain significant gaps in the literature when deciding on the best policy to help combat any negative externalities associated with automation, such as the displacement of workers.

They aimed to plug that gap and better understand how, or even if, governments should intervene in the automation process to better support those who are negatively affected, while, of course, continuing to support the kind of innovation underpinned by automation.

They identify two main sources of friction that workers tend to face when they're confronted by automation that disrupts and displaces them and their work. The first of these involves the transition they have to make into new roles, which might involve long periods of either retraining or unemployment.

The second friction then revolves around the difficulties workers have in terms of borrowing against any future income as that future income is inevitably more uncertain as a result of the impact automation has had on their livelihood. Therefore, from a policy perspective, the researchers argue that automation can often be both inefficient and excessive.

They attempted to understand what is a more desirable pace of change to allow innovation to occur but also for workers to adapt to any disruption to their livelihoods. They developed a quantitative model that aims to replicate the fundamental dynamics involved in automation and the displacement of labor seen since the dawn of industrial robotics in the 1970s.

This was a period that was marked by a prolonged period of decline in employment in occupations typified by routine tasks. Such occupations included file clerks, machine operators, and welders.

"Our research shows theoretically and quantitatively that there is a rationale for slowing the speed of automation," the researchers explain. "The government can deliver broad benefits to the economy by taxing automation and reducing its pace by half. As a result, workers are better off, and this improvement in welfare is comparable to a permanent increase in consumption of 4%. "

There has obviously been a huge amount written on the future of work and both how many people might be disrupted by technology and how this risk could be mitigated. While the history of technology does suggest that adaptation does occur in time, it also suggests that in the short-term there is often considerable disruption, with this likely to lead to periods of political instability as those individuals and communities that are disrupted resort to populist politicians promising easy answers.

With nearly 13 million people employed in manufacturing in the U.S. alone, it's a matter of considerable importance, but automation is now something that promises to affect sectors far beyond manufacturing, such as customer service and transportation.

A different challenge

It also has to be said that we're currently in a situation in which near total employment is felt across the developed world, with a shortage of labor one of the biggest problems facing the economy today. This, in many instances, is forcing organizations to turn to automation to plug the gap.

"We've definitely seen that there's much more of a willingness to have that technology come in, and it accelerates the kind of changes we're talking about" Moorjani explains. "But even then, that doesn't really mean that huge numbers of people are being removed as technology sill requires a skill set to implement and operate."

For the time being, therefore, investments in technology tend to be beneficial to employment rather than harmful, but this is a rapidly moving situation so it pays to explore some of the options outlined by the researchers above to help individuals and communities adapt.

Suffice to say, this is not the only suggestion on the table, and other researchers have advocated slightly less "nuclear" options and promoted things like mobility vouchers to help people move to areas where employment prospects are greater.

Such suggestions remain on the table, however, and it very much remains to be seen whether policymakers are able to act sufficiently swiftly to provide the support displaced workers need. As a result, slowing down automation might actually be the most sensible choice of all.

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Should The Speed Of Automation Be Halved To Help People Adapt? - Forbes

Opinions expressed by Entrepreneur contributors are their own.

I'm a big fan of marketing automation. If you want to grow your business and do it quickly and efficiently it's practically a requirement. With the right tools, and in the right context, you can completely eliminate manual effort from the equation, saving time and money while improving consistency and efficiency at the same time. Whether you're interested in maximizing efficiency or just making sure your newsletter goes out on time, marketing automation tools can help you achieve your goal.

However, there are some big risks you'll need to consider and avoid while using marketing automation.

One risk is automating the wrong thing or orchestrating your automation with a massive mistake in play. Robots and computers are extremely good at doing what we tell them to do; the problem is, if we tell them to do something incorrect or inefficient, they'll follow our instructions dutifully.

If you put together a template that doesn't look professional, or if you write copy that's not persuasive, no amount of automation is going to be able to save your campaign. Excessive automation may make it harder for you to catch the flaws and mistakes in the marketing materials you're sending out.

Related: Why You're Using Drip Emails All Wrong (and What to Do Instead)

There are a ton of marketing automation tools out there, and not all of them are equally useful in helping your business save time and money. Problematic marketing automation tools generally fall into one of three categories:

If you're especially unlucky, you might run into a tool that falls into more than one of these categories. In any case, it's important to do your due diligence and choose your tools carefully.

Automatically generated text and automated emails can be great ways to spare human effort and remain in communication with your customers. However, we also need to acknowledge that excessive automation can make you sound like a robot.

If all of your content is automatically generated, and if you're just following formulas and templates, customers will likely doubt your sincerity or receive your messages poorly. You can't rely on automation so much that it compromises your creativity or originality.

Related: Being a Better Marketer Is All About Embracing Failure

Marketing spam is still a problem. Most consumers get dozens, if not hundreds of marketing emails every day, and they're constantly hearing from companies they vaguely expressed interest in at some point. Automation makes it easy to send thousands, or even millions, of messages to your contacts, but greater volume isn't always a good thing. If you send your content too frequently, or if you send people who aren't interested in your brand, you could end up getting flagged as spam, hurting your reputation and causing your sales to decline.

Efficiency is often a good thing, but it can sometimes trap us in a position that disallows us to innovate. Over time, your marketing automation efforts can give you a sense of complacency, that you're constantly able to reach your audience and achieve a certain result by following a certain formula. But if you follow this formula too closely or too consistently, you'll never branch out or experiment. Accordingly, you might never see your full potential.

One last problem faced by entrepreneurs and marketers everywhere is spending too much. It's common to lust after new marketing apps and systems that promise to multiply your results. And in many cases, adding new apps and resources to your arsenal is a good thing. However, you might end up with a severely exhausted marketing budget by the end of your pursuits, with bloated monthly spending that doesn't reflect how much value you're getting out of your automation tools.

With greater knowledge of the risks that come with marketing automation software, you can use these impressive tools more effectively. Better spending, better tools and better awareness will all lead you to a higher marketing ROI and greater satisfaction among your leads and customers.

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The Big Risks You Need to Avoid When Using Marketing Automation - Entrepreneur

The global asset management industry currently manages around USD100 trillion for clients. Its a highly competitive industry with a lot at stake.

Given the industry's sheer size, it is unsurprising that technological advantage has become a significant differentiator. Technology touches so much of the industry, from analyzing and modeling stocks and markets to trading to back office administration.

Technology also delivers scale and enables asset managers to reach their clients. This is very much the case in Australia, where the superannuation or pensions industry is in the throes of a significant consolidation with ongoing mergers between the funds. At the same time, they are differentiating themselves on the experience they give to members.

The largest fund, for example, is AustralianSuper which has 2.3 million members and more than AUD233 billion under management. One of the reasons given for the funds spate of mergers in recent years is that making the fund bigger will deliver economies of scale, enabling technology investments to engage in a more meaningful way with members.

It sounds counterintuitive, but the rationale is that the bigger the fund, the more likely it will be able to deliver more appropriate and tailored advice to members because the fund will have the data systems in place to drive this. As many of these mergers are yet to be bedded down, the jury is still out on whether this line of thinking is correct.

The long and winding road to automation

One technology that is particularly relevant in asset management and administration is automation. But according to the global funds network Calastone, the implementation of automation in funds management is lagging.

Calastone has just sent out a global survey to understand the main drivers of automation and how these differ between the regions. It looks at several key drivers, from regulation to client service and cost, to understand the priorities across operational departments.

The argument for greater process automation in asset management has long-since been won, but the industry continues to walk a long and winding road towards the high levels of automation and straight-through processing that are desired, Calastone says.

However, in recent years, the pace has quickened, thanks in large part to fintech.

Calastone undertakes these surveys regularly, and the last ones in 2020 and 2021 hinted at what the current exercise might find: that despite its size, the global asset management eco-system is still highly fragmented and often relies on outdated technologies, and manual processing remains prevalent.

It is crucial that those which have fallen behind embrace digitalization so they can compete in the future

Automation is lagging across all five major markets surveyed, with Australia the most advanced with just under 50% automation in the critical area of distribution support. The laggards are South Africa and surprisingly Singapore, both at around 20%.

This is put down to the sheer diversity of the global distribution models.

Whereas fund distribution networks in the U.K. are dominated by independent financial advisers and platforms, banks are responsible for the majority of fund sales in Singapore, commented Edward Glyn, head of global markets for Calastone.

Market maturity is also a key factor.

The U.K. and U.S. markets are far larger and more advanced fund markets than those in South Africa or parts of Asia, says Glyn.

The cost of labor is also much higher, resulting in a more robust approach to automation and cost reduction. In the Australian market, commercial banks outsource much of their manual processes to third parties, which could help to explain their perceived higher levels of automation.

Competing in the future

Some activities are less automated than others. A large proportion of service providers in the U.K., the UK, South Africa, Australia and Singapore conceded that certain activities such as compliance support, distribution support, know your customer, anti money laundering, client onboard and reporting were either mostly manual or only partly automated.

Even though a major of the asset managers held digital or tokenized assets such as crypto currency, these are often still managed by old systems despite the fact that the asset managers understood that digital infrastructure and automation would deliver better results.

If global fund administrators are to remain relevant, most will need to make some swift changes to their business models, says Glyn.

It is crucial that those which have fallen behind embrace digitalization so they can compete in the future.

Whether that be through an advancement of the way investing operates today or entirely new ways of investing such as tokenized assets.

The impetus for transformation is becoming more urgent. In other research, Calastone has identified that expenses are rising faster than revenues for fund managers and business models are becoming less profitable even as the industry manages larger volumes of money.

The second of three recommendations from this research invokes the opportunities presented by technologies such as automation and better data management: asset managers should also join the race for digital transformation and re-build operations to turn data from a headache into an advantage.

Lachlan Colquhoun is the Australia and New Zealand correspondent for CDOTrends andtheNextGenConnectivity editor.He remains fascinated with howbusinessesreinventthemselves through digital technologytosolve existing issuesandchange their entire business models.You can reach him at[emailprotected].

Image credit: iStockphoto/gorodenkoff

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Asset Managers Finally See the Need for Automation - CDOTrends

SALT LAKE CITY--(BUSINESS WIRE)--Ivanti Wavelink, the supply chain business unit of Ivanti, today announced the combination of Ivanti Neurons for IIoT and Velocity for Business Process Automation to enhance worker productivity by automating common warehouse tasks to resolve operational inefficiencies.

With the complexity of warehouse operations and the ever-increasing demands placed on supply chains, common warehouse issues such as damaged goods or bad barcodes can lead to unnecessary downtime and disrupt operations. The combination of Ivanti Neurons for IIoT and Velocity provides a scalable solution and enables supply chain operators to easily identify, record and resolve exceptions in business processes and keep warehouse operations moving smoothly.

For example, damaged items in the warehouse can distract workers from primary tasks as they try to find the correct way to report these events often this process requires institutional knowledge, accessing another application, or completing a form on paper. By embedding these processes within Ivanti Velocity, where millions of material handlers spend the majority of their day, operators will be able to quickly submit a report including a photograph and any other relevant data. The automation engine in Ivanti Neurons for IIoT can notify the appropriate department to rectify the problem and track the report to completion. Business Process Automation benefits:

Ivanti Wavelink's Business Process Automation enables a more efficient way to handle common warehouse issues and opens the door for further process automation in the warehouse, said Brandon Black, senior vice president and general manager, Ivanti Wavelink. The combination of the Q2 2022 releases of Velocity and Ivanti Neurons for IIoT will help streamline warehouse operations by making it much faster and easier for workers to report issues or abnormalities and then return to their normal workflow right away.

This out-of-the box solution is easy to configure and requires little training to get workers up to speed, providing an incredibly fast time to value. And since the customer will use both Velocity and Ivanti Neurons for IIoT to enable these processes, no Pro Services are required.

Learn more about Ivanti Wavelinks Business Process Automation here.

About Ivanti Wavelink:

Ivanti Wavelink is a global leader in supply chain solutions that focus on task worker operational excellence in business-critical environments. Over 25,000 customers have deployed Ivanti Wavelink solutions to accelerate warehouse operations, reduce risks, and increase productivity through intelligent insights and automation. Our market-leading mobile enterprise platform, combined with our innovative mobile and IIoT solutions, can enhance task worker productivity at the edge and drive efficiency and profit to the bottom line. Ivanti Wavelink is part of Ivanti, a global technology company that enables and secures the Everywhere Workplace. Ivanti is headquartered in Salt Lake City, Utah and has offices all over the world. For more information, visit http://www.ivanti.com/wavelink

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Easily Automate Workflows in the Warehouse With the Combined Power of Ivanti Neurons for IIoT and Velocity for Business Process Automation - Business...

Automation Anywhere is recognized as a Magic Quadrant 'Leader' for the 4thconsecutive year

SAN JOSE, Calif., July 28, 2022 /PRNewswire/ --Automation Anywhere, a global leader in Robotic Process Automation (RPA), today announced that Gartner, Inc. has named it a 'Leader' for the fourth consecutive year in the July 2022 Gartner Magic Quadrant for Robotic Process Automation.

Automation Anywhere is one of 16 vendors assessed in fourth evaluation by Gartner of the fast-growing RPA market.

The company was named a Leader in the 2019, 2020, and 2021 Gartner Magic Quadrant for RPA as part of its continued mission to unleash human potential by helping every company build a digital workforce and succeed with automation. This newest placement comes just weeks after Automation Anywhere was ranked No.1 in worldwidepublic cloud RPA market sharefor a second consecutive year by the global research firm IDC.

"Companies are accelerating their adoption of automation and using the flexibility of our cloud platform to mitigate the impact of global events and navigate market challenges," said Mike Micucci, Chief Operating Officer, Automation Anywhere. "As a pioneer in this space, we are proud to be recognized as a Leader in the Gartner Magic Quadrant for RPA for four consecutive years. We believe this is a huge testament to our unrelenting focus on empowering every customer and every employee with more time to solve problems, build relationships, and drive business success."

Gartner reported that the global RPA software revenue grew to $2.4B by 31% in 2021, well above the average worldwide software market growth rate of 16%.[1]Additionally, new research from theAutomation Now & Next report from Automaton Anywhere reveals that automation investments continue to trend upwards with more than 77% of business leadersindicating they will increase their automation budgets in the year ahead, and deploy 500 or more digital workers.

A complimentary copy of the Gartner, Inc. July 2022 'Magic Quadrant for Robotic Process Automation' research report is available here.

Interact with Automation Anywhere:

Gartner DisclaimerGartner, Magic Quadrant for Robotic Process Automation, 25 July 2022, Saikat Ray, et. Al.

GARTNER and Magic Quadrant are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Automation Anywhere

Automation Anywhere is the No. 1 cloud automation platform, delivering automation and process intelligence solutions across all industries globally to automate end-to-end business processes for the fastest path to enterprise transformation. The company offers the world's only cloud-native platform combining RPA, artificial intelligence, machine learning, and analytics to automate repetitive tasks and build enterprise agility, freeing up humans to pivot to the next big idea and build deeper customer relationships that drive business growth. For additional information, visitwww.automationanywhere.com.

Automation Anywhere and Automation 360, are trademarks/service marks or registered trademarks/service marks of Automation Anywhere, Inc. in the United States and other countries.

SOURCE Automation Anywhere Inc.

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Automation Anywhere Named a Leader in the 2022 Gartner Magic Quadrant for Robotic Process Automation - PR Newswire

According to the Fortune Business Insights report Home Automation Market Size, Share and COVID-19 Impact Analysis, By Component (Product and Services), By Network Technology (Wired, Wireless and Power Line-Based), and Regional Forecast, 2021-2028, the global home automation market size stood at USD 64.58 Billion in 2020 and is projected to reach USD 163.24 Billion by 2028, exhibiting a CAGR of 12.3% in the forecast period.

Customers Growing Interest in Smart Home Technology to Drive Market Growth

Smart technology is growing exponentially across industries. Smart property technology is significantly exploring and transforming the home automation system. Earlier, automation was signified as controlling devices and appliances through internet networks. However, with the introduction of smart technology such as self-diagnosing devices, smart security, smart entertainment, advanced self-health care, smart kitchen among others, automation is getting smarter.

The integration of advanced technologies such as the internet of things (IoT), artificial intelligence,machine learning, and more through smart devices to drive the automation capabilities. As per the Voicebot.ai survey, in January 2020, nearly 87.7 million U.S. customers were using smart speakers. This significant rise in the adoption of smart speakers indicates users shifts towards automating the operation through voice commands. Similarly, the increasing implementation of smart lodging functionalities such as smart TV, light automation, face recognition doorbells, smart cookware, smart nursery, automated sprinklers, video monitoring, and more are expected to drive the property automation market growth.

Expensive Products and Limited Clarity Regarding Technology to Hamper Market Growth

The automation products, tools, and appliances are expensive. Users with limited disposable income find it difficult to relate to the automation solution and to its necessity. Owing to this high cost, it is being adopted by certain groups in the market. Also, currently, the prices of smart devices are on a higher end in the market. Further, this cost barrier is expected to be witnessed in developing countries in comparison with the advanced ones. This is likely to barricade its mass adoption. Similarly, these users are unclear regarding its application, usage, and overall benefits. The maximum of users majorly using it for entertainment and voice commanding purposes. Thus, the complicated techniques and applications are expected to hamper the market growth.

Increasing Innovative Smart Devices to Boost Product Share

On the basis of components, the market is split into products and services. The product is further classified into security and safety, HVAC, wellness monitoring, smart appliances, smart entertainment, smart lighting system, and others.

Similarly, services are categorized into consulting, installation or implementation, and support and maintenance.

Product is expected to dominate the market segmentation share and is also projected to grow at highest CAGR owing to the increasing development and production of smart home tools and devices. Key players are offering such innovative product portfolios to improve and enhance the systems.

Amongst products, security and safety are expected to gain maximum segment share as it helps in remotely monitoring solutions. The increasing number of smart cameras, doorbells, smoke/gas detectors, theft alarms and more are likely to drive security and safety systems. Similarly, the demand for HVAC is growing as it offers smart monitoring of climate along with energy-efficient solutions. Smart lighting is anticipated to gain steady growth of the market during the forecast period as many lighting providers are now entering the automation market with innovative lighting applications. Also, with the growing tight schedule of professional life, the demand for smart appliances is increasing among the consumers.

Services are expected to grow steadily. The complexity and highly technical smart system is expected to drive installation or implementation demand. Similarly, support and maintenance are to gain demand to upkeep the smart devices and their connection.

http://www.fortunebusinessinsights.com

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Fortune Business Insights Expects the Global Home Automation Market to be worth US$163.24 Billion by 2028 KNXtoday - KNXtoday

Frontline Test Services' adoption of SmartTest automationtesting system enhances testing of IoT devices

FARMINGTON HILLS, Mich., July 28, 2022 /PRNewswire/ -- Teledyne LeCroy, the worldwide leader in connectivity test solutions, is pleased to announce that their Frontline Test Services team has developed SmartTest automated testing to enhance their testing capabilities. SmartTest automated testing enables the most rigorous and repeatable testing possible while reducing test times and customer costs.

While estimates vary, most experts agree that the number of interconnected IoT devices is growing exponentially each year. To ensure these devices can connect seamlessly and work together, design and test engineers across markets from automotive to healthcare, and from consumer electronics to enterprise devices, need to perform thorough robustness and interoperability testing. This type of testing can improve product reliability, stability, data-integrity and security. Many IoT device manufacturers do not have these testing capabilities, and some find outsourced testing services to be cost prohibitive. Frontline Test Services has been one of the best sources for interoperability testing, consulting, and training services for Bluetooth, 5G, Wi-Fi, USB, ZigBee, Matter and other connecting technologies. Now, with the adoption of SmartTest automated testing, testing is better and more affordable.

By incorporating artificial intelligence, machine learning and smart robotics, as well as a multitude of interfaces to the devices-under-test, Frontline Test Services' SmartTest automation system provides faster and consistent testing when compared with manual robustness and interoperability testing. Nick Kriczky, Vice President of Services at Teledyne LeCroy commented, "A person can test a Bluetooth connection by dropping and re-establishing the connection 10, 20, maybe even 30 times as part of a test routine. With SmartTest automation, we could drop and reconnect all night perhaps thousands of times. It's a much more robust approach to testing. Combined with Frontline Test Services' expert-level testing and analysis, the SmartTest automation system can speed up test cycles from years to just days. In real terms, this allows IoT device manufacturers to be more effective using their testing budget, cut down on technical support and update releases and deliver the best quality product to their customers." The repeatable and rigorous testing available from Frontline Test Services allows engineers to uncover critical and hard-to-find issues within their IoT device designs and implementations. Using SmartTest testing ensures quicker and more efficient test cycles, lowers manufacturing and development costs, reduces time to market, and helps improve customer satisfaction of tested products.

Frontline Test Services offers consultancy and interoperability services to help in all stages of the product lifecycle, from specification to market launch and beyond. Our global dedicated test labs for Bluetooth, Wi-Fi, USB, and phone projection technologies (Apple CarPlay and Android Auto) help to minimize field issues, lower development costs, and speed time to market with products that you can feel confident will deliver a superior user experience.

Availability

The Frontline Test Services' SmartTest Automation system is now available. For additional information, contact Teledyne LeCroy at 1-800-5LeCroy (1-800-553-2769) or [emailprotected] or visit Teledyne LeCroy's Frontline web site at https://teledynelecroy.com/services/frontline.aspx

About Teledyne LeCroy

Teledyne LeCroy is a leading manufacturer of advanced oscilloscopes, protocol analyzers, and other test instruments that verify performance, validate compliance, and debug complex electronic systems quickly and thoroughly. Since its founding in 1964, the Company has focused on incorporating powerful tools into innovative products that enhance "Time-to-Insight". Faster time to insight enables users to rapidly find and fix defects in complex electronic systems, dramatically improving time-to-market for a wide variety of applications and end markets. Teledyne LeCroy is based in Chestnut Ridge, N.Y. For more information, visit Teledyne LeCroy's website atteledynelecroy.com.

2022 by Teledyne LeCroy. All rights reserved. Specifications are subject to change without notice.

Technical contact:

Director Services Karim Sharf

+44 1482 306 670

Customer contact:

TeledyneLeCroy PSG Customer Care Center

800-909-7211

Website:

http://teledynelecroy.com/

SOURCE Teledyne LeCroy

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SmartTest Automation Improves Internet of Things (IoT) Device Testing - PR Newswire