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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

Acorn shortens supply chain with Rethink Robotics’ Sawyer

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Acorn Sales, a specialist in customized, handmade rubber stamps and embossing seals, says it has significantly shortened its supply chain by deploying Rethink Robotics’ Sawyer at its facility in Richmond, Virginia.

Family-owned and operated for over three generations, Acorn is a self-described “small business operating in an Amazon world”.

With Sawyer, the company says it has maintained throughput, improved quality and reduced its reliance on outside suppliers, results that even five years ago would have been nearly impossible for a company of its size to attain affordably.  [Read more…] about Acorn shortens supply chain with Rethink Robotics’ Sawyer

Video: Siemens predicts small number of companies will dominate industrial internet

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Only a small number of companies will dominate the industrial internet, according to a business development executive at Siemens, who was speaking to RoboticsAndAutomationNews.com at Hannover Messe. (See video below.) 

The German engineering giant recently launched its MindScape IoT platform and more than 50 individual apps for a variety of scenarios in industry.

Matthias Lutz, business development manager, digital factory division, Siemens, says: “I personally do see a couple of platforms co-existing in future, and maybe a couple of very specialised ones.

“But in the end, in my opinion, I think it’s a matter of two to three large platforms.”  [Read more…] about Video: Siemens predicts small number of companies will dominate industrial internet

The human factor: GE Digital automation boss hints at new directions for Predix

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Exclusive interview with Matt Wells, of GE Digital. By Abdul Montaqim

GE Digital is a subsidiary of General Electric, the quintessential American multinational corporate conglomerate with operations in more countries than the United Nations. 

But far from being just one of its parent company’s dozen or so subsidiaries, GE Digital is something of a shooting star, outperforming many other subsidiaries to the point where it is informing, if not transforming, the entire culture and ethos of the company.

Nowadays, General Electric likes to be known as a “the world’s digital industrial company”, except they capitalise the words to emphasise the importance of the virtual realm.  [Read more…] about The human factor: GE Digital automation boss hints at new directions for Predix