Where Innovation Meets Imagination
Minimum wage increases lead to more investment in robotics and automation systems, according to a new study.
The report, People Versus Machines: The Impact of Minimum Wages on Automatable Jobs, analysed the US Census Bureau’s Current Population Survey data from 1980 to 2015.
The paper was published by the National Bureau of Economic Research, and authored by Grace Lordan and David Neumark. [Read more…] about Minimum wage increases lead to more robotics and automation, says new report
ROBO, believed to be the first robotics and automation exchange traded fund, has reached a new milestone in terms of its assets under management.
Index provider ROBO Global, which has holdings in more than 100 listed companies, says investors have embraced its dedicated focus on robotics, automation and artificial intelligence.
The ROBO Global Robotics & Automation Index ETF recently surpassed $1 billion in assets under management, and its managers say it has achieved the psychologically significant benchmark less than four years after launching. [Read more…] about Largest robotics and automation investment fund now has $1 billion in assets under management
It’s not a glamorous business, logistics. Doesn’t make the mainstream news very often. And it’s not likely to be the top career choice for most people.
It’s understandable. After all, how interesting can it be to move boxes from point A to point B?
Put like that, it’s not much to write home about. But now, with driverless vehicles everywhere, augmented reality glasses and exoskeletons for warehouse workers, and robotics and automation technologies of all kinds promising to transform the industry worldwide, logistics is about to get much more interesting. [Read more…] about DHL could stop Amazon from taking over the world. Probably
Comau has signed deals with two new partner companies in Greece and Argentina.
In Greece, Comau has appointed the Nimac Group as its robotics distributor.
Nimac (pictured above) is located in Thessalonikki, and started the production of horizontal panel saws in 1977. It is now said to be one of the top manufacturers in the beam saws sector.
The newly created business line, Nimac Robotics, will bring the Comau’s robotics and automation products portfolio to the Greek market. [Read more…] about Comau signs up new robotics and automation partners in Greece and Argentina
The news that investments in robotics and automation companies have out-performed all other investments on the stock market will only add to the allure of this sector.
Fuelled by a renewed fascination and technological advancement in artificial intelligence, investors are enthusiastically looking for funds and companies in which to put their money.
There’s very few investments in life or in history that can offer get-rich-quick returns, but certainly a wise investor could make substantial returns if they are careful with their money. [Read more…] about Interview: Leading robotics and automation fund manager planning to launch new investment vehicle
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 Trans-Pacific Partnership and is discussing how to also take it out of the North American Free Trade Agreement, or Nafta. [Read more…] about ‘Trump’s trade war will trigger the biggest wave of automation in history’, says expert
Kiva Systems was a company that built a mobile robot for logistics operations, mainly for use in warehouses. It was a basically a small platform on wheels, and proved popular throughout the industry.
But then it got bought out by Amazon, which initially said it would still sell it to the rest of the logistics industry but actually didn’t. Instead it rebranded Kiva as Amazon Robotics and turned it into a business unit of its own.
The online retail giant now has one of the largest number of robots in operation of any company in the world.
But two former executives at Kiva Systems – Jerome Dubois and Rylan Hamilton – have now launched a new company and a range of new logistics automation solutions. [Read more…] about Kiva Systems developers launch new company and their own logistics robot
The writer of this article is human, but soon you may be reading articles on this website which are written by robots or automation software.
And who knows, some of the articles you read online may already be written by robots. Over the course of a longer period of time, you’ve almost certainly read something written by automation software.
Companies such as Automated Insights have been supplying thousands of articles a month to a variety of clients for a couple of years. [Read more…] about Google grants almost $1 million to press agency developing robot journalists
Industrial giant ABB is reporting a 3 per cent growth in total orders across its operation, but most of it seems to be coming from robotics.
Net income was $525 million – for the second quarter ending July 6. Gross profit, however, was down 5 per cent, and was only $1 billion. Total revenues were up 1 per cent at almost $8.5 billion.
ABB CEO Ulrich Spiesshofer says: “In Q2, ABB continued to build its growth momentum as our targeted initiatives are delivering. Order growth was broad-based and across all regions.
“Our industry-leading digital offering, ABB Ability, is taking off and starting to contribute to growth.
“Operational performance in the power grids and industrial automation divisions was solid in the quarter. Electrification products and robotics and motion improved margins sequentially, but were not able to fully compensate commodity price headwinds and overcapacity during the quarter. [Read more…] about Robotics and automation news is good for ABB, says CEO
Despite slowdowns in certain industries, Vietnam’s automation and control systems market is witnessing stable growth, according to a report by Frost & Sullivan.
Robust expansion in the manufacturing and construction sectors plus increased foreign direct investment, growing end-user need to optimize processes and improve efficiency, and development of special economic zones are factors fuelling growth.
Nonetheless, barriers to market entry are high. To succeed in a fiercely competitive ecosystem, automation vendors must embrace new technologies, such as Internet of Things, collaborate with developers of machine-to-machine technologies, and become one-stop integrated solution providers. [Read more…] about Manufacturing and construction driving growth in Vietnamese automation and control systems market, says report
