Automotive and industrial companies ‘could unlock billions in revenue’ through new growth strategies

Accenture using a “new way” of measuring corporate competitiveness

Industrial companies, such as automotive manufacturers, could unlock billions of dollars in revenue by adopting a more “holistic strategy”, according to a new report by Accenture.

The business management consultant conducted a survey into competitiveness in industry and found that the best approach is one that places equal emphasis on growth, profitability, sustainability and trust.

This “inter-dependent” strategy “yields massive growth potential”, says Accenture, which bases its conclusions on analysis of 47 automotive and industrial companies’ performances.

Continue reading Automotive and industrial companies ‘could unlock billions in revenue’ through new growth strategies

American workers sleepwalking into automated obscurity, says new report

robot replaces human
Picture courtesy of Challenge Magazine

Despite an endless stream of stories in the media warning of humanity’s impending irrelevance in an automated future, it seems American workers remain rather blasé about the prospect of being automated out of existence in the workplace. 

New research by Randstad US contradicts many reports that American workers fear losing their job due to automation.

The 2017 Randstad Employer Brand Research found that only 14 percent of US employees worry that automation will take their job away, and nearly one-third (30 per cent) say they think automation will make their job better.  Continue reading American workers sleepwalking into automated obscurity, says new report

ThyssenKrupp claims ‘breakthrough’ in digital transformation and connecting machinery ​

An illustration of ThyssenKrupp’s new IIoT platform, which it calls toii
An illustration of ThyssenKrupp’s new IIoT platform, which it calls toii

ThyssenKrupp says it has achieved a breakthrough in the area of digital transformation and connecting machinery ​in industry.

ThyssenKrupp says it has reached a “milestone” for the digital transformation of industry and connecting the machinery of its materials services division through a new digital platform.

The company’s new internet of things platform is call Toii, or toii, as the company prefers to write it.  Continue reading ThyssenKrupp claims ‘breakthrough’ in digital transformation and connecting machinery ​

US manufacturing sector is seeing ‘record investment’, says Pence

pence tendon manufacturing 1
US Vice President Mike Pence on a visit to Tendon Manufacturing

The manufacturing sector is experiencing a dramatic turnaround in business, according to figures released by the White House. 

President Donald Trump has consistently said he wants the manufacturing sector to grow and has personally intervened to persuade many large manufacturing companies to consider relocating or expanding their operations in the US.

However, the vast majority of manufacturing companies in the US are small businesses, of less than 100 people.  Continue reading US manufacturing sector is seeing ‘record investment’, says Pence

Cyber-physical systems and manufacturing’s new frontier

The real world and its digital twin are collaborating to bring forth something called “mass customisation”, a new manufacturing culture which, as the term suggests, will be the basis for the most diverse ecosystem of engineered products ever seen. 

To understand and articulate some specifics about what’s being called “the new frontier of manufacturing”, one of the world’s largest management consultancy firms, Deloitte, partnered with the Singularity University, a forum for technology futurists co-founded by Ray Kurzweil, to organise a conference called Exponential Manufacturing, featuring many thought leaders working in the industrial sector.  Continue reading Cyber-physical systems and manufacturing’s new frontier

Growing demand for consumer robots will lead to global spending on robots increasing to $87 billion by 2025, says BCG

pepper robot
SoftBank’s Pepper robot has proved hugely popular, and could lead to other companies producing similar robots in ever-increasing numbers

The global market for robotics is growing far faster than expected and is projected to reach $87 billion by 2025, according to new research by the Boston Consulting Group.

Updating its previous estimate of $67 billion from three years ago, the management consulting firm recently revised its forecast sharply higher, mostly because of soaring consumer demand.

In a new paper released today, Gaining Robotics Advantage, BCG projects an additional $14 billion of growth in the consumer sector to $23 billion, an increase of 156 per cent over its earlier estimate.  Continue reading Growing demand for consumer robots will lead to global spending on robots increasing to $87 billion by 2025, says BCG

Increased use of AI and robotics linked to brighter outlook for US business growth

randstad people image

Business optimism may be fueling recent spike in number of executives reporting increased use of automation

The number of US companies reporting an increase in their use of automation doubled in the first quarter of 2017, fueled in part by a recent spike in business confidence, according to a report released by global talent solutions firm Randstad Sourceright.

Based on a global survey of C-suite and human capital leaders, Randstad Sourceright’s Talent Trends research finds that 36 percent of US companies have increased the use of artificial intelligence and robotics over the last 12 months, up from 18 percent during the fourth quarter of 2016.

Over the same period, the number of respondents indicating that they expect significant growth in the next 12 months soared from 10 percent to 28 percent.  Continue reading Increased use of AI and robotics linked to brighter outlook for US business growth

Acorn shortens supply chain with Rethink Robotics’ Sawyer

sawyer

Acorn Sales, a specialist in customized, handmade rubber stamps and embossing seals, says it has significantly shortened its supply chain by deploying Rethink Robotics’ Sawyer at its facility in Richmond, Virginia.

Family-owned and operated for over three generations, Acorn is a self-described “small business operating in an Amazon world”.

With Sawyer, the company says it has maintained throughput, improved quality and reduced its reliance on outside suppliers, results that even five years ago would have been nearly impossible for a company of its size to attain affordably.  Continue reading Acorn shortens supply chain with Rethink Robotics’ Sawyer

Video: Siemens predicts small number of companies will dominate industrial internet

Only a small number of companies will dominate the industrial internet, according to a business development executive at Siemens, who was speaking to RoboticsAndAutomationNews.com at Hannover Messe. 

The German engineering giant recently launched its MindScape IoT platform and more than 50 individual apps for a variety of scenarios in industry.

Matthias Lutz, business development manager, digital factory division, Siemens, says: “I personally do see a couple of platforms co-existing in future, and maybe a couple of very specialised ones.

“But in the end, in my opinion, I think it’s a matter of two to three large platforms.”  Continue reading Video: Siemens predicts small number of companies will dominate industrial internet

The human factor: GE Digital automation boss hints at new directions for Predix

ge digital image

Exclusive interview with Matt Wells, of GE Digital. By Abdul Montaqim

GE Digital is a subsidiary of General Electric, the quintessential American multinational corporate conglomerate with operations in more countries than the United Nations. 

But far from being just one of its parent company’s dozen or so subsidiaries, GE Digital is something of a shooting star, outperforming many other subsidiaries to the point where it is informing, if not transforming, the entire culture and ethos of the company.

Nowadays, General Electric likes to be known as a “the world’s digital industrial company”, except they capitalise the words to emphasise the importance of the virtual realm.  Continue reading The human factor: GE Digital automation boss hints at new directions for Predix

Industry super trends: The best of industrial automation is yet to come

ethernet ports

Leroy Spence, sales and business manager at industrial spare supplier EU Automation, discusses the industry super trends that will change the face of manufacturing in 2017

The third Monday in January, also known as Blue Monday, is supposed to be the most depressing day of the year.

Despite emerging from marketing and pseudo-science, the idea holds a nugget of wisdom, considering the weather conditions, debt level, time passed since the winter holidays and time until the next holiday.

If you are struggling to get over the post-holiday blues, don’t despair. Sit back, relax and read all about some of the industrial technologies you can look forward to this year.  Continue reading Industry super trends: The best of industrial automation is yet to come

UK-based robotics and automation systems designer Tharsus expands operations

Steve Flowers and Glen Aitchison at NetPark
Steve Flowers and Glen Aitchison at NetPark

Tharsus Group, a 50-year-old UK-based designer and manufacturer of automation and robotics equipment, has expanded its operations by opening a new office in County Durham, in north England. 

The Northumberland-based business, which delivers commercial robotics and automated solutions to some of the world’s leading companies, opened an office at the North East Technology Park (NetPark) in Sedgefield, as part of an initiative to widen its access to the North East’s talented pool of engineering professionals.

The new office will primarily be used as a base to develop the software that is essential to the operation of Tharsus’s robotic solutions. It will also be a centre for further expanding the company’s core knowledge of robotics, in line with its 2017 business strategy.  Continue reading UK-based robotics and automation systems designer Tharsus expands operations

Meinhardt partners with International Enterprise Singapore to expand into Africa and Middle East

nairobi tower kenya crop

Despite headwinds in the global economy, internationalisation will continue to drive the growth of companies in the engineering consultancy sector as infrastructure demand remains strong globally.

Meinhardt Group, a global engineering, planning and management firm, is working closely with International Enterprise Singapore, the government agency partnering Singapore companies in going global, on its expansion strategy to Africa and the Middle East.

This includes the company’s recent acquisition of African engineering consultancy to gain in-roads into East Africa.  Continue reading Meinhardt partners with International Enterprise Singapore to expand into Africa and Middle East

SAP logistics boss says ‘robotics and automation are the future’

trenitalia

The head of logistics at software giant SAP says the future of the digital supply chain is robotics and automation. 

SAP is one of the world’s largest software companies in any sector, with more than 300,000 clients in around 190 countries, and its logistics division has customers such as luxury automaker Porsche, and large transport operations such as Trenitalia.

In an interview with em360tech.com, Hans Thalbauer, SVP of extended supply chain and IoT at SAP, says industries are becoming smarter because of these technologies.

However, Thalbauer adds that robotics and automation needs to be effectively integrated into the overall business processes, otherwise they won’t work.  Continue reading SAP logistics boss says ‘robotics and automation are the future’

There will be data: Exclusive interview with Honeywell UOP cloud boss

honeywell uop cps petrochemical plant

The oil and gas industry is the lifeblood and oxygen of the modern world. It produces the stuff that powers the power stations, providing the energy on which we all depend if we live in a country with even a moderate infrastructure. 

Much as we’d all like to live on fresh air, and run our iMachines on the light that shines in through our windows, the harsh reality is that the dirty and dangerous business of fossil fuels is still the biggest generator of energy in the world today.

No developed or developing economy on Earth can do without oil and gas, and no oil and gas plant can do without systems to prevent downtime. Every second of unscheduled downtime can cost the oil and gas company millions of dollars. Not only that, the secondary effects on all the businesses connected to the oil and gas company’s supply lines – which basically permeate the whole of society – could be devastating to a nation’s economy and wellbeing if those seconds turn into minutes, hours or days.  Continue reading There will be data: Exclusive interview with Honeywell UOP cloud boss