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A Guide to Choosing the Right Banking and Financial Software Development Company for Your Needs

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The financial sector is actively developing due to the rise of cryptocurrencies and online banking services. Are you interested in investments within this sector? In this article, we’ll look at the important aspect of developing software: finding a good team for this goal.

The key recommendation is to discover a banking and financial software development company with the correct expertise. This article will teach you how to do this. [Read more…] about A Guide to Choosing the Right Banking and Financial Software Development Company for Your Needs

Korea Association of Robot Industry to operate Korea Pavilion at Automate Show

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The Korea Association of Robot Industry (KAR) says it will be operating a “Korea Pavilion” at the Automate Show, which starts in a couple of days. Nine Korean companies will feature their products in Korea Pavilion located in booth number 3250 and 3452.

KAR has participated in many trade shows held in Europe and East Asia for the decades, but it has never participated in Automate or any other trade shows held in the US.

While China remains the largest market for Korean robot companies with exports worth of $319 million, The United States is the second-largest market with exports amounting to $204 million, according to the Korean Robot Industry Survey. [Read more…] about Korea Association of Robot Industry to operate Korea Pavilion at Automate Show

ABB predicts top US robotics trends

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With annual revenue in the US robotics market expected to grow at 5.62 percent, resulting in a market volume of over $9 billion by 2027, John Bubnikovich, president of ABB US Robotics Division, is making several predictions on key trends in in robotics automation in the US for 2023 and beyond.

Bubnikovich says: ”The impact of US labor shortages is increasingly being felt by many businesses as they struggle to keep pace with customer demands, even with the potential for some softening in the US economy in the short-term.

“This, combined with global political uncertainty, fragile supply chains and rising material costs, in addition to the growing trend of reshoring and nearshoring of operations, means more companies are adopting robotic automation to maximize flexibility, build resilience and adapt more sustainable production processes.” [Read more…] about ABB predicts top US robotics trends

Aerobotix and FerRobotics to showcase new robotic taping kit at Automate 2023

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Aerobotix and FerRobotics, two robotics companies based in the US and Austria respectively, will exhibit their new Active Taping Kit (ATK) tool at the Automate Show in Detroit, Michigan, from May 22-25. This will be the first public demonstration of the ATK in North America.

Aerobotix and FerRobotics partnered on the ATK in response to aerospace industry demand for an automated tool for precision application of masking tape. Collaboration between engineers from the two companies led to the development of a revolutionary End of Arm Tooling (EOAT) after months of prototypes and testing.

FerRobotics’ patented Active Compliant Technology (ACT) enables a robot to use varying force when applying tape to an aircraft. The ATK allows for smooth masking on parts varying in shape, putting down perfectly straight tape lines where the customer needs them.   [Read more…] about Aerobotix and FerRobotics to showcase new robotic taping kit at Automate 2023

Mitsubishi Electric agrees strategic investment in Otto Motors to accelerate industrial automation

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Mitsubishi Electric, a factory automation solutions provider, has agreed a strategic investment in Clearpath Robotics, the parent company of autonomous mobile robot leader, Otto Motors.

With more than 4 million hours of production experience, Otto Motors’ pioneering autonomous mobile robot (AMR) technology and award-winning software are used by Fortune 500 companies to deliver productivity and safety in material handling operations.

The investment expands the strategic relationship between Otto Motors and Mitsubishi Electric, and strengthens the two companies’ commercial collaboration. [Read more…] about Mitsubishi Electric agrees strategic investment in Otto Motors to accelerate industrial automation

The Rise of Sustainable Automation: Innovations and Best Practices in Fashion and Manufacturing

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Have you ever thought about how the fashion industry is responsible for roughly 10 percent of global carbon emissions? 

But here’s the good news – believe it or not – there’s a shift happening toward more sustainable practices; and automation is playing a huge role in this change.

Let’s dive into how innovations in fashion and manufacturing are making a difference. [Read more…] about The Rise of Sustainable Automation: Innovations and Best Practices in Fashion and Manufacturing

automatica opens door to climate-neutral, highly economical production through AI and digitization

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Digitization and AI have become a matter of intense public discourse. However, this leads to more questions than answers.

This is where automatica, held from June 27 to 30, 2023, comes in with its digital solutions and components from the fields of robotics, machine vision, and assembly technology.

It’s a place where visitors gain first-hand knowledge of how these technologies can increase the efficiency, safety, and sustainability of industrial production. [Read more…] about automatica opens door to climate-neutral, highly economical production through AI and digitization

Denali becomes Universal Robots’ biggest Certified Solution Partner

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Denali Advanced Integration has become Universal Robots’ biggest Certified Solution Partner.

Denali is now expected to use its integration expertise and market reach to bring Universal Robots’ collaborative robot technology to major business across the globe as part of its new Automation-As-A-Service (AaaS) portfolio, which it announced in April.

This will offer large scale companies end-to-end integration and service support and corresponds with a growing interest from large businesses in cobot automation. [Read more…] about Denali becomes Universal Robots’ biggest Certified Solution Partner

Groundlight raises $10 million to launch ‘natural language powered computer vision’ service for robotics

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AI startup Groundlight has launched its visual understanding service based on natural language instructions.

Groundlight says its service “enables any developer to understand images programmatically using simple English language instructions and just a few lines of code”.

Groundlight says its platform can be integrated into applications such as industrial automation, process monitoring, retail analytics, video stream analysis, and robotics. This pilot service is now available to select customers. [Read more…] about Groundlight raises $10 million to launch ‘natural language powered computer vision’ service for robotics

$90 billion invested in robotics startups in past five years, according to new report

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F-Prime Capital has released its State of Robotics report, which it says provides “comprehensive insight into investment trends and exits”.

Over the past five years, 1,250 robotics companies have generated $20 billion+ of mergers and acquisitions, $15 billon of market cap across public companies, and $100 billion+ of unrealized value from private unicorns alone.

2022 saw a significant pull back in valuations for robotics companies as investors focused on higher revenue predictability and increased capital efficiency, though many companies were able to retain premium valuation multiples. [Read more…] about $90 billion invested in robotics startups in past five years, according to new report