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Global robotics venture capital investment reaches $5.7 billion in 2021

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Global robotics venture capital investments reached $5.7 billion in 2021, a 38 percent year-on-year growth, according to a report by ABI Research, a technology intelligence firm.

The growth was driven by successful startups from key markets such as the United States, China, the United Kingdom, and Israel. Leading startups demonstrated strong capabilities in three major domains: mobility, autonomy, and collaboration, specifically human-machine collaboration.

The investment market worldwide was relatively muted in 2020, as fewer deals were concluded due to the Covid-19 pandemic. However, the current labor shortage induced by Covid-19 and the ongoing supply chain crunch are leading more businesses to look for ways to automate labor-intensive, repetitive, and hazardous tasks. [Read more…] about Global robotics venture capital investment reaches $5.7 billion in 2021

Majority of US businesses looking to bring production closer to home

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Some 70 percent of US businesses are looking to bring production closer to home, according to a survey by industrial automation giant ABB.

In response to the Covid-19 pandemic, geopolitical disputes, raw materials shortages and trade issues that have rocked global economies and supply chains, a majority of US-based companies are planning to relocate production closer to their facilities in America.

Surveying 1,610 executives in the US and Europe, ABB found that 70 percent of US businesses are planning changes in their operations, with 37 percent planning to bring production back home and 33 percent looking to nearshore and shift their operations to a closer location. [Read more…] about Majority of US businesses looking to bring production closer to home

Massive growth predicted for robotic last-mile delivery

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Worldwide robotic last-mile delivery revenues are forecasted to grow from $70 million in 2022 to $670 million in 2030.

This is according to new research from global technology intelligence firm ABI Research.

Furthermore, the value of those parcels delivered by autonomous mobile robots could reach $3.3 billion by 2030. [Read more…] about Massive growth predicted for robotic last-mile delivery

How does Intralogistics support warehouse processes?

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The past few years have taught us many things and reliance on technology in today’s world is just one of those vital learnings.

Technology kept many businesses going and processes moving when the world stopped due to Covid-19. And, without a reliable intralogistics strategy, warehouse operation could be far more complex.

Intralogistics is the process of connecting and interacting with all systems relating to the flow of materials, information, automation, logistics and production within a warehouse. [Read more…] about How does Intralogistics support warehouse processes?

What Are the Advantages of Automating Business Processes?

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There was a time when certain things and technologies seemed impossible but those things and technologies are a reality in today’s world. Technology is evolving so fast and new advancements are made so rapidly that what was considered impossible a few years ago is a reality now.

The latest technologies are used by businesses to perform various things to increase their efficiency. Out of various uses of technologies, one of the most common uses is for automation of various processes.

Over the past decade, there has been an increase in the number of businesses that are using technology to automate their processes. [Read more…] about What Are the Advantages of Automating Business Processes?

Universal Robots records best ever Q1 results

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Universal Robots, the Danish producer of collaborative robots, has reported record Q1 revenue of $85 million, 30 percent up on its 2021 Q1 revenue.

The company’s chief financial officer, Kim Nørgaard Andreasen said: “Reporting record Q1 revenue at a time when businesses across the world are facing disruption from the pandemic, supply chain challenges and conflict is a testament to the role collaborative automation can play in helping our customers stay competitive.

“In addition to record revenue, we have been pleased this quarter to welcome 80 new employees to our rapidly growing company.” [Read more…] about Universal Robots records best ever Q1 results

Robotic Resources: How Autonomous Technologies Enhance Human Capabilities

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By Jeff Weiland, LG Business Solutions USA

Ever since the first modern robots were developed in the 1950s, the public’s fascination with autonomous machines has varied from excitement and hope to hesitance and fear, and everything in between.

In the following decades, single-purpose robots began showing up on factory floors and in mailrooms, and average citizens grew more comfortable and familiar with digital technologies forming a central part of home life.

While the dancing, jumping, self-navigating robots of today were still decades away, the controversy then was much the same: workers worried that machines might eliminate their jobs. [Read more…] about Robotic Resources: How Autonomous Technologies Enhance Human Capabilities

Why Businesses Need a Complete Marketing Toolkit

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What does it take to define and refine all of your marketing endeavors?

Today, digital marketing presents many challenges, including effective allocation of resources, sales lead management processes, campaign optimization, and ROI improvement.

It’s no secret that every brand is growth-oriented. That’s why marketers are always on the lookout for a tech solution or an all-in-one marketing platform that can help them achieve more with fewer resources. [Read more…] about Why Businesses Need a Complete Marketing Toolkit

Network Penetration Testing: What, Why, and Benefits

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Businesses rely on their networks to store and share confidential information. Networks can be penetrated by malicious actors who are looking to exploit this data for personal gain.

That’s why it’s important for businesses to perform network penetration testing regularly – to identify any vulnerabilities that could be exploited by hackers.

In this article, we will discuss what network penetration testing is, why you need it, and the benefits of performing a network penetration test. [Read more…] about Network Penetration Testing: What, Why, and Benefits

Ready Robotics to install its operating system into Kawasaki industrial robots

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Ready Robotics, creators of Forge/OS, the industrial operating system for robots and automation, is partnering with Kawasaki Robotics to bring Ready’s Forge/OS software to Kawasaki’s robot hardware.

Kawasaki is a leading supplier of industrial robots and automation technology, with robot payloads ranging from 3 to 1,500 kg. With over 50 years of experience and thousands of robots installed worldwide, Kawasaki is an automation partner you can trust.

Ready supports Kawasaki’s R series robots, with capacities from 3 kg to 80 kg. Support for more models will be added in future updates. Forge/OS adds another level of ease-of-use to Kawasaki robots with a user interface that is simple to learn, program, and manage. [Read more…] about Ready Robotics to install its operating system into Kawasaki industrial robots