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Bin-picking systems market forecast to grow to $5.6 billion by 2033

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The global bin picking systems market is anticipated to be valued at $1.7 billion in 2023 and it is anticipated to grow at a compound annual growth rate of 12.5 percent to reach $5.6 billion by the end of 2033, according to a report by Fact.MR. 

A bin picking system is a technology in which a robot is incorporated with a 3D, camera, optical sensor (3D or 2D) and an end effector (magnet gripper, and others) to remove parts from a container full of disorganized, irregularly shaped pieces.

Robotic arm receives command based on the analysis done by the computer vision system and the vision system examine the target area and recognize the position of the pieces. [Read more…] about Bin-picking systems market forecast to grow to $5.6 billion by 2033

Sentiment Analysis Benefits for Business

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What Are the Sentiment Analysis Benefits for Business?

AI technology is moving forward, and new robust tools are evolving, such as sentiment analysis, real-time data-driven reports, and deep insights into clients’ purchasing power.

Consumer sentiment analysis solutions can provide you with a detailed view of your product popularity, customer satisfaction, and overall brand awareness, as well as changing market trends, whatever industry you are in.

Various social media apps, review platforms, forums, and surveys – opinion mining tools use them all to get valuable info for your growth strategy. [Read more…] about Sentiment Analysis Benefits for Business

The Most Promising Business Cases for Computer Vision

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Evgeniy Krasnokutsky, AI/ML Team Leader, PhD at MobiDev

Computer vision is one of the most popular AI technologies whose task is to understand and interpret information from digital images, videos, and other visual inputs.

These properties open up a lot of business opportunities and in this article, we will talk about the most promising applications of this technology.

Medical Image Processing in Healthcare

Sophisticated medical imaging is the driving force behind the power of modern medicine. Traditionally, human professionals perform analysis of medical imagery such as X-rays and CT scans. [Read more…] about The Most Promising Business Cases for Computer Vision

Startup uWare Robotics develops ‘first’ complete system to map and monitor coastal ecosystems

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A Belgian-Spanish startup called uWare Robotics says it has developed the “first end-to-end technology to map and monitor coastal ecosystems”.

uWare says its system consists of a number of proprietary hardware and software technologies, including an autonomous underwater vehicle, called the uOne.

Designed for maximum mobility, stability, cost-effectiveness, and autonomy, the uOne allows for data collection at “five times the speed of a diver” and with the precision of a robot, claims uWare. [Read more…] about Startup uWare Robotics develops ‘first’ complete system to map and monitor coastal ecosystems

Boston Dynamics and IBM partner to bring mobile edge analytics to industrial operations

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By Skip Snyder, senior partner, IBM Consulting and Mike Pollitt, chief sales officer, Boston Dynamics

The demand for AI-driven robotics is increasing in operations like those in manufacturing and warehouse settings to help organizations with data and analytics that identify problems in real time, improve decision making, and perform tasks more efficiently. But to experience the true benefits, these operations need AI as close to the origin of the data as possible.

According to an IBM Institute for Business Value survey, 56 percent of manufacturers have implemented AI-driven robotics to make autonomous decisions, while 83 percent agree intelligent automation will help their organization meet strategic challenges and improve business results. However, businesses point out that most edge and IoT devices today are stationary, inflexible and often incapable of responding to rapidly changing environments.

To address this challenge, IBM and Boston Dynamics have announced a new alliance focused on delivering data analysis at the edge to help industrial companies improve worker safety, optimize field operations, and boost maintenance productivity in environments like manufacturing facilities, power plants, warehouses and more. Enabled by AI and hybrid cloud innovations from IBM Research, IBM Consulting will develop edge payloads that integrate with Spot, the agile, mobile robot from Boston Dynamics. [Read more…] about Boston Dynamics and IBM partner to bring mobile edge analytics to industrial operations

5 manufacturing trends to look forward to in 2021

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The past year has highlighted the need for sweeping and immediate changes across the manufacturing industry. It has been facing several evolving challenges accelerated by the pandemic.

To improve efficiency and productivity, here are five manufacturing trends you should look forward to in 2021:

Continued Focus On the Development of IoT
IoT (the internet of things) remains a buzzword in manufacturing owing to its adaptability and disruptive nature. As companies and their equipment continue to be digitized, IoT can help companies in multiple ways. [Read more…] about 5 manufacturing trends to look forward to in 2021

AI and Robots Are Improving Agriculture in 2021

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The integration of machine learning, AI, and IoT devices is nothing new to the modern farm.

Different sensors provide agronomists with valuable, reliable, and relevant data to help them increase their farms’ efficiency by ensuring higher yields and cutting production costs.

This is especially of aid at big farms where it’s necessary to monitor and manage dozens of processes at the same time. [Read more…] about AI and Robots Are Improving Agriculture in 2021

Chinese robotics sector files ‘44 percent of total global patents’

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The Chinese robotics sector generated almost half of total global patents in the most recent year available, according to a new report. 

The figure was published in the Annual Report on the Development of the Robot Industry in China, jointly written by HRG International Institute of Research and Innovation as well as the China Institute of Science and Technology Evaluation.

The two organizations produced what they call the 2021 Blue Book of the Robot Industry, based on their research. [Read more…] about Chinese robotics sector files ‘44 percent of total global patents’

Hitachi launches new industrial edge computer

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Hitachi has launched a new industrial edge computer. The “Hitachi Industrial Edge Computer CE series Embedded AI model” was developed in collaboration with Intel.

The product, an integration of Intel’s artificial intelligence technology and Hitachi’s control system design and manufacturing technologies, is a new model that incorporates an image analysis execution platform using AI and deep learning.

Through providing this product, Hitachi contributes to the expansion of digital transformation, such as streamlining and automating tasks that rely on visual checks (the inspection process for finished products in the manufacturing industry) and solving management challenges using on-site data. [Read more…] about Hitachi launches new industrial edge computer

Geek+ extends warehouse robotics and automation partnership with Decathlon

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Warehouse robotics and automation provider Geek+ has extended its cooperation with Decathlon, one of the world’s largest retailers of sporting goods, present in over 50 countries with more than 1,600 stores globally.

Following the success of a two-year collaboration in its e-commerce and retail fulfillment centers in Shanghai, Decathlon accelerated its automation program, with AMR deployments at two new sites in China.

The installations were successfully deployed remotely in under three months, following strict pandemic restrictions. [Read more…] about Geek+ extends warehouse robotics and automation partnership with Decathlon