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A Quick Guide to Financial Process Automation with Machine Learning

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By Yevhen Krasnokutsky, AI/ML Solution Architect at MobiDev

Fintech startups are flourishing since our lives shifted to an online format. Statista reveals that as of November 2021, there were 10,755 startups in the Americas alone.

This number is still growing in 2022, and that’s why traditional financial companies encounter difficulties trying to withstand competition and remain effective. By adopting machine learning solutions, such companies can optimize main business processes and foster customer loyalty.

So, in this article, we’re going to lift the curtain on machine learning (ML) approaches that enable process automation. [Read more…] about A Quick Guide to Financial Process Automation with Machine Learning

United Natural Foods brings in robots from Symbotic to automate warehouse

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United Natural Foods has entered into a commercial agreement to implement Symbotic’s AI-powered robotics and software automation in five of UNFI’s distribution centers over the next four years.

Under the agreement, UNFI also has an option to implement Symbotic’s warehouse automation systems in additional distribution centers.

Symbotic’s end-to-end automation system, with robotic case pick capabilities, is designed to enable UNFI to transform its distribution centers to enhance capabilities and efficiency, improve order accuracy for its customers, increase storage capacity within its facilities, and facilitate planned future growth. [Read more…] about United Natural Foods brings in robots from Symbotic to automate warehouse

Columbia/Okura celebrates shipping 1,000th palletizing system

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Columbia/Okura marked the milestone of shipping its 1,000th robotic palletizer. We’ve designed and commissioned many successful palletizing systems, handling a massive range of products across dozens of industries worldwide.

From bag palletizing systems in abusive and harsh environments to high-speed, multi-robot, multi-picking case applications, Columbia/Okura has handled almost any type of product packaging in virtually any application.

To celebrate the occasion and thank employees for their hard work, Columbia/Okura supplied lunch from Smokin’ Oak, a local barbeque restaurant in Vancouver, Canada. [Read more…] about Columbia/Okura celebrates shipping 1,000th palletizing system

Lenovo unveils foldable tablet computer

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Lenovo has unveiled a foldable tablet computer, the likes of which have so far only been seen in science fiction.

Lenovo says its next-generation ThinkPad X1 Fold “redefines the foldable PC category” that the company claims to have created in 2020.

The new ThinkPad X1 Fold is designed to offer full PC performance with a larger screen area, while maintaining the ultra-portability that the original ground-breaking device offered. [Read more…] about Lenovo unveils foldable tablet computer

Logistics giant GEODIS orders 1,000 warehouse robots from Locus Robotics

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GEODIS, a global transport and logistics provider, and Locus Robotics, a maker of autonomous mobile robots for fulfillment warehouses, have reached a new expansion agreement to install a total of 1,000 LocusBots at GEODIS’ worldwide warehouse locations over the next 24 months.

This represents one of the industry’s largest AMR deals to date.

Eric Douglas, executive vice president of technology and engineering at GEODIS in Americas, says: “As we continue to navigate industry-wide challenges such as skyrocketing e-commerce demand and labor constraints, it is crucial we remain committed to implementing the most innovative and effective robotics automation solutions available into our warehouses to allow us to best serve our customers. [Read more…] about Logistics giant GEODIS orders 1,000 warehouse robots from Locus Robotics

The Ambitious Entrepreneur: How to Elevate Your Startup

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New company owners are at the precipice of something great – or something that could potentially cause them grief for months, if not years to come. It’s not the kind that offers a comfortable in-between, which is why startup management is typically associated with stress and anxiety.

While that all sounds pretty gloomy, remember that failure is one of the stepping stones to success, and that rings true with startup management. The good news is you have plenty of examples from other successful businesses to help you succeed.

Here’s how ambitious entrepreneurs can elevate their startups. [Read more…] about The Ambitious Entrepreneur: How to Elevate Your Startup

Essential Types of Contact Center Automations

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Why should you do something manually when it can be automated? What do you get out of wasting your time doing something that software or AI can?

Yet, still many call centers don’t ignore automation like it’s just fluff. What actually ends up being fluff is their revenue, employee productivity, and customer conversion. Here is why! [Read more…] about Essential Types of Contact Center Automations

Udelv autonomous vehicle provides services for nonprofit organizations

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Udelv, a maker of autonomous delivery vehicles, has teamed up with Toyota Mobility Foundation and Energy Systems Network to provide services to two non-profit organizations in central Indiana under TMF’s Together in Motion initiative.

The delivery vehicle – which was launched in Indianapolis on November 5th, 2021 – and has enabled HATCH for Hunger and Southeast Community Services to provide essential goods to community members and food pantry partners.

The rising necessity of contactless delivery throughout the coronavirus pandemic led TMF to explore implementation of advanced goods delivery methodologies. The service will end at the beginning of May 2022. [Read more…] about Udelv autonomous vehicle provides services for nonprofit organizations

DHL opens new ‘highly automated’ fulfillment center for flatpack furniture giant IKEA

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DHL Supply Chain, Deutsche Post DHL Group’s contract logistics specialist, is opening a new, “highly automated” fulfillment center in Bergkamen, Germany, for its customer, the Swedish flatpack furniture giant IKEA.

The new state-of-the-art DHL facility has been commissioned to help the home furnishings group handle its fast-growing B2C online business in Germany, which grew significantly during the pandemic and required IKEA to rapidly expand its B2C fulfillment capabilities.

The multi-customer site in Bergkamen boasts 40,000 square meters of warehouse space and is part of the neighboring DHL Supply Chain Unna Campus, which is less than 10 kilometers away. [Read more…] about DHL opens new ‘highly automated’ fulfillment center for flatpack furniture giant IKEA

Yaskawa completes new plant for manufacturing mounting boards and electronic units in China

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Yaskawa Electric, parent company of Yaskawa Mechatronics, one of the world’s largest industrial robot makers, has completed a new plant in Changzhou City, Jiangsu Province, in China.

The facility has already begun the mass production of mounting boards for servo amplifiers and AC drives as well as electronic units for robot control panels used in its production bases in China.

Yaskawa says that, in China, economic activities are currently “stagnant” because of Covid-19 but demand for factory automation at production sites is increasing due to labor shortages caused by the low birth rate and ageing population, rising labor costs, and the risk of coronavirus spreading. [Read more…] about Yaskawa completes new plant for manufacturing mounting boards and electronic units in China