Robotics & Automation News

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What a Healthcare Entrepreneur Needs to Consider When Entering the Market

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A healthcare entrepreneur entering the market in 2024 is up against a lot of innovation. Becoming part of that trend is the goal, but that won’t be possible without some careful research and consideration.

You need to know what you’re getting into, how your product or service will stack up, and be aware of what a patient base will come to know you for.

Medical businesses are subject to strict regulations no matter what sector they’re in or who they serve. But beyond that, the owner of this kind of business needs to have their eye on the unsaid rules too. [Read more…] about What a Healthcare Entrepreneur Needs to Consider When Entering the Market

Why is Competition Good for Business?

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When you start a business, there are a million things you need to think about. Even if that number seems like an exaggeration, the truth is that there are certainly more things you need to think about than in most other careers.

After all, if you work for someone else, it’s them who will be doing all the worrying and planning, and you’ll just have to do the work you’re given to do. When you’re the boss, you have to take on a number of different responsibilities.

One of those responsibilities is to understand your competitors more. You need to know who they are, what they do, and how they do it, and you need to know how all of that will impact your own business. [Read more…] about Why is Competition Good for Business?

How Businesses Can Stay Up-to-Date with the Latest Technology

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Nowadays, technology evolves quickly. Progress and advances in technology are growing at a far faster rate than ever before. Intelligent new products are invented and developed continually. It can feel almost impossible to keep up with the latest innovations, as there are just so many of them being announced all of the time.

Generally, all these technological advancements have been great news for businesses. It is now easier than ever before for companies to engage with their target audience and market products directly to them using social media. App technology has also meant that businesses have a brand-new and hassle-free way to encourage customers to shop with them or use their services, and this provides more choice and convenience for the customer too.

Technology does not just make our lives easier, although it is incredibly convenient. It also represents significant opportunities for businesses. In general, most consumers embrace technology and see it as a positive tool to enhance their daily life. [Read more…] about How Businesses Can Stay Up-to-Date with the Latest Technology

Automation Drives COGS Reduction for Small and Mid-sized Manufacturers

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By Mike Franz, founder and creator of the WorkCenter from ManufacturingPower

Automated access to summary cost and margin information for each SKU delivers light SaaS “MRO/tail-spend” price transparency, returning a minimum 11-14 COGS (cost of goods sold) reduction to the bottom line.

Every manufacturer must pay attention to costs and competitors’ pricing. For better or worse, purchasing professionals are rewarded for capturing the lowest price; few have the time to scour the internet for ever RFQ to see if the bid offered is indeed competitive. Measuring value with price experiments is not realistic.

Full-time competitive pricing professionals could work 24/7 to generate statistically valid and accurate data. For the small and mid-sized manufacturer, the solution is to automate price comparison functionality. Until recently this was prohibitively expensive and often too complex. Automating costs and competitive prices can be achieved in a $5,000 per year SaaS solution. [Read more…] about Automation Drives COGS Reduction for Small and Mid-sized Manufacturers

Veo Robotics could make all industrial robots collaborative

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Traditional industrial robots tend to be very large and potentially dangerous, which is why they tend to be caged off and kept separate from human workers.

But a new company called Veo Robotics says it has the technology to transform traditional industrial robotic arms into safe machines that humans can work alongside, within close proximity.

Veo’s solution could make every industrial robot a collaborative robot. The term “collaborative” is recognized by international standards organizations and usually applies to much smaller, newer types of robots which are specifically designed to safe for humans to work with.  [Read more…] about Veo Robotics could make all industrial robots collaborative