Robotics & Automation News

Market trends and business perspectives

business

Shenyang city looking to attract top talent with ‘massive subsidies’ for starting business

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Shenyang, a city in northeastern China, is opening its arms wider to talents both at home and abroad.

The local government Communist Chinese municipality says it is looking attract “top talent with massive subsidies”.

On April 22, 2018, it announced an upgraded package of incentives in addition to a series of preferential policies introduced last year, including granting a maximum subsidy of 10 million yuan ($1.6 million) to top talents and “zero threshold” for graduates from Chinese and foreign universities to settle down in the city.  [Read more…] about Shenyang city looking to attract top talent with ‘massive subsidies’ for starting business

The Chinese way: From ‘teaching’ to ‘teaching and learning’

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By Edward Tse, Gao Feng Advisory

A few weeks ago, I had a meeting with the APAC head of a major Fortune 500 company at his office in Shanghai.

He told me that he had arrived in China around six months ago and was sent from headquarters to run their Asia business with a particular focus on China.

He said he thought he would come to China to “teach”.  [Read more…] about The Chinese way: From ‘teaching’ to ‘teaching and learning’

General Electric resumes talks to sell its industrial solutions business to ABB

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General Electric has resumed negotiations to sell its industrial solutions business to ABB, according to a report on Reuters.com. 

The US conglomerate’s industrial solutions business includes products such as circuit breakers, relays, panel boards and other technologies for sectors including power generation, telecommunications and mining.

Swiss company ABB had previously talked to GE about possibly purchasing the business, and the price it offered was said to be $2 billion.  [Read more…] about General Electric resumes talks to sell its industrial solutions business to ABB

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

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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.

[Read more…] about Automotive and industrial companies ‘could unlock billions in revenue’ through new growth strategies

American workers sleepwalking into automated obscurity, says new report

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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.  [Read more…] about American workers sleepwalking into automated obscurity, says new report

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

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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.  [Read more…] about ThyssenKrupp claims ‘breakthrough’ in digital transformation and connecting machinery ​

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

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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.  [Read more…] about US manufacturing sector is seeing ‘record investment’, says Pence

Cyber-physical systems and manufacturing’s new frontier

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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.  [Read more…] about 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

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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.  [Read more…] about 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

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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.  [Read more…] about Increased use of AI and robotics linked to brighter outlook for US business growth