Robotics & Automation News

Market trends and business perspectives

Archives for November 16, 2016

‘Chinese companies lead the way in fintech innovation’

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China-based investment expert Edward Tse, CEO of Gao Feng, says financial technology companies are thriving in China 

With the Chinese government keen to encourage innovation the fintech revolution is quickly gaining pace. Financial technologies companies backed by Chinese venture capital raised $2.4 billion in the first quarter of 2016, according to accounting firm KPMG.

This represented a 49 per cent share of global fintech investment in the period, bigger than that of North America and Europe combined.

Ant Financial Services Group, Alibaba Group Holding’s fintech affiliate, itself raised $4.5 billion in April, making it the largest round of funding for a fintech company in the world.  [Read more…] about ‘Chinese companies lead the way in fintech innovation’

‘Believe it or not, automation may bring jobs back to the US’

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One of the major concerns among blue collar workers is the fear that robotic automation will take jobs that are sorely needed by the average working Joe who simply wants to provide for his or her family.

While it is understandable to think this way since automation can do the work in less time and with more efficiency, it may not necessarily be true that automation is going to replace human jobs.

A study emanating from the UK’s prestigious Oxford University indicates that automation may actually be a very good thing in that it will not only bring factories back home, but it will stimulate the economy, creating more jobs in the process.  [Read more…] about ‘Believe it or not, automation may bring jobs back to the US’

Deco Lighting increases production speed ‘by 1,200 per cent’ using Rethink’s Sawyer industrial robot

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Smart lighting manufacturer claims collaborative robot makes assembly 1,200 percent faster

Deco Lighting, a lighting technology manufacturer, is planning to deploy Rethink Robotics’ Sawyer industrial robots to reduce production time with precision sub-assembly on each line.

By introducing Sawyer into this process, Deco Lighting hopes to reduce assembly time on its products from about an hour per unit to less than five minutes.

Based in Commerce, California, Deco Lighting marks a paradigm shift in the LED lighting industry through optimization in design and manufacturing.  [Read more…] about Deco Lighting increases production speed ‘by 1,200 per cent’ using Rethink’s Sawyer industrial robot

Swisslog signs ‘major contract’ with tire manufacturer Michelin

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Michelin, the tire manufacturer, has selected Swisslog warehouse and distribution solutions to automate a new distribution center in the US.

The order value of the automation project amounts to a high multimillion-dollar range and was booked in the second quarter of 2016.

The new distribution center will supply passenger and truck tires throughout North America, allowing the company to meet its ambitions for responsible logistics.  [Read more…] about Swisslog signs ‘major contract’ with tire manufacturer Michelin