Day: July 31, 2017
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JPMorgan to employ trading robot because it’s more efficient than humans
One of the world’s largest investment banks, JPMorgan, is preparing to employ a robot to work in its global equities business because it’s shown itself to be more efficient than traditional methods of buying and selling, according to a report on the Financial Times website. The artificial intelligence-based algorithm, which is called LOXM, has been…
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‘Trump’s trade war will trigger the biggest wave of automation in history’, says expert
US President Donald Trump’s trade policies will “trigger the biggest wave of automation in history”, according to an economics expert writing on Forbes.com. Trump has spoken out against a variety of international trade agreements to which the US had previously signed up to. And since he became president, Trump has taken the US out of the…
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Ortovox to implement Centric’s product lifecycle management solution
Ortovox Sportartikel, a German producer of mountain safety equipment and mountainwear, has selected Centric Software to provide its product lifecycle management solution. Centric Software is a specialist provider of PLM solutions, particularly for fashion, retail, footwear, luxury, outdoor and consumer goods companies. Ortovox was founded in 1980 in the south of Munich and got its…
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Fuji Kiko selects Aras product lifecycle management platform
Automotive components manufacturer Fuji Kiko has chosen the Aras product lifecycle management platform to streamline its design and development process as well as manage its global operation. Aras, a PLM specialist, adds that Fuji Kiko will use the system to manage prototype development, production management, sales, and procurement processes. The automotive supplier went through a…
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Market for logistics robots predicted to exceed $75 billion in 10 years
Mobile robotics in material handling and logistics will become a $75 billion market by 2027, according to a new report, which adds that it will be more than double by 2038. These staggering headline figures mask turbulent transformative change underneath: some technologies will rise and transform the fortunes of industries, fuelling growth rates far outpacing…
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Opinion: Automation ‘engineer to order’ solution reduces rejects by almost 11 percent for electroplating company
By John Murdoch, Alfacon Solutions Lloyd Betcher, vice president of operations and services with Kuntz Electroplating (KEI), recently shared that the firm will celebrate 70 years in business next year. A family owned and operated business since 1948, KEI boasts North America’s largest and most advanced metal finishing operation for original equipment manufacturers of steel…
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Danlaw partners with Siemens on product lifecycle management
Danlaw, a company which develops connected car and automotive electrics technologies, is now an official Siemens product lifecycle management – or automated lifecycle management – solution partner. The company says the partnership highlights Danlaw’s commitment to providing a seamless solution between its Mx-Suite verification and validation test software and Siemens Polarion QA software with the Mx-Suite…