Robotics & Automation News

Market trends and business perspectives

digital

Why China launched the digital yuan in the first place

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China is the first country to develop a digital currency available in the mobile payment system. The website yuan pay coin will help traders to understand more about trading.

CBDCs are designed with two purposes: to simplify and broaden access to financial services and improve security against risks of financial crime and terrorism.

Digital Yuan can have multiple benefits for both countries and citizens: reducing costs for governments when issuing money; making payments easier; increasing transparency to facilitate regulation of private banks; speeding up settlements between banks; enhancing anti-money laundering controls when transferring funds from one account to another, and so on. [Read more…] about Why China launched the digital yuan in the first place

Fruitcore Robotics raises €23 million to further commercialize Horst robot

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Fruitcore Robotics, the startup creator of Horst robots, has raised €23 million to “enable companies of all sizes – from medium-sized businesses to global corporations – to introduce robotics and automation solutions into their manufacturing”.

Three years after its market launch, Fruitcore Robotics is already automating several hundred different applications in 29 different industries in Germany, Austria, Switzerland and Italy. The 60+ partner network in the DACH region and Italy is being continuously expanded.

Internationally renowned venture capital firms Capricorn Partners and Kompas, and the high and deep tech investor XAI technologies are investing in Fruitcore Robotics for the first time. [Read more…] about Fruitcore Robotics raises €23 million to further commercialize Horst robot

ABB opens state-of-the-art robotics mega factory in Shanghai

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ABB has officially opened its state-of-the-art, fully automated and flexible robotics factory in Kangqiao, Shanghai, China. (See video below.)

The 67,000 sq m production and research facility represents a $150 million (1.1 billion RMB) investment by ABB and will deploy the company’s digital and automation technologies to manufacture next generation robots – enhancing ABB’s robotics and automation leadership in China.

Sami Atiya, president of ABB Robotics and Discrete Automation, says: “Building on three decades of success in China, the opening of our new mega factory is another milestone in helping our customers grow sustainably, address labor shortages and create high-value jobs in a new era of automation. [Read more…] about ABB opens state-of-the-art robotics mega factory in Shanghai

Why Include Cryptocurrencies in Your Investment Portfolio?

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Without question, the value of digital currencies has increased significantly. The cryptocurrency market has expanded thanks to bitcoin and Ethereum’s (ETH) remarkable surge.

The emergence of decentralized financial and non-fungible tokens is only one of the numerous unique blockchain trading commodities, notably initial coin offers (ICOs).

Numerous virtual currency supporters believe that these activities could lead to the emergence of a rising generation of billionaires who will use cryptocurrencies (or billionaires). [Read more…] about Why Include Cryptocurrencies in Your Investment Portfolio?

5 Crucial Lessons to Learn from Successful Digital Transformation Stories

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Transform. Transform. Transform. That’s what most organizations have been doing since the Covid-19 pandemic struck and made digital transformation a necessity.

Companies are working hard on digital transformation projects, but some are experiencing digital transformation fatigue and giving up–because they’ve spent large amounts of money with no ROI.

The success rate of digital transformation is a lot lower than the failure rate (70 percent). Many organizations have paused their initiatives or stopped them altogether. [Read more…] about 5 Crucial Lessons to Learn from Successful Digital Transformation Stories

TeamViewer and Hyundai partner to accelerate digital innovation in automotive smart factory

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TeamViewer, a provider of remote connectivity and workplace digitalisation solutions, is partnering with mobility solutions provider Hyundai Motor to digitalise business operations and manufacturing processes for Hyundai Motor Group Innovation Center in Singapore (HMGICS).

TeamViewer and Hyundai Motor Company will cooperate to maximise digitalisation benefits in HMGICS’ smart factory using TeamViewer’s Augmented Reality (AR) platform, which includes Mixed Reality (MR) and Artificial Intelligence (AI) capabilities.

The platform will support assembly, maintenance, quality management, logistics, client experience projects and workforce training. The two companies will conduct joint research and development (R&D) activities in AR-powered smart factory operations, immersive digital experience for frontline workers and AI support for a future automotive factory. [Read more…] about TeamViewer and Hyundai partner to accelerate digital innovation in automotive smart factory

Nokia and Flex to combine 5G SA private wireless and Industry 4.0 expertise for advanced manufacturing solutions in Brazil

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Networking giant Nokia has agreed a collaboration with Flex Brazil to deploy 5G SA private wireless networks in its manufacturing facilities in Brazil.

Initial use cases will focus at increasing wireless applications and exploring the potential of 5G for reliable connectivity, massive transfers of operational data and greater layout flexibility on the shopfloor.

Nokia Digital Automation Cloud (Nokia DAC) will provide the private wireless on-demand service as well as MX Industrial Edge computing and digital-enabling applications. [Read more…] about Nokia and Flex to combine 5G SA private wireless and Industry 4.0 expertise for advanced manufacturing solutions in Brazil

Advice for Going Through Digital Transformation

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Digital transformation is something that all businesses need to go through. Essentially, this involves integrating digital technologies into the business operation to change the way in which the company operates.

Although this can be challenging and disruptive, you will find that there are many benefits to doing this, and it could help to boost the overall success of the business.

So, what can you do during digital transformation to overcome the challenges and reap the rewards? This article will look at a few tips for businesses going through a digital transformation that should be useful and help you to find success with yours if you happen to be going through the process. [Read more…] about Advice for Going Through Digital Transformation

Rockwell Automation launches FactoryTalk Design Hub

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Rockwell Automation, which claims to be the world’s largest company dedicated to industrial automation and digital transformation, has launched FactoryTalk Design Hub.

FactoryTalk Design Hub is intened to enable industrial organizations to transform their automation design capabilities with a more simplified, productive way to work powered by the cloud.

Teams of all sizes, skillsets, and locations can work smarter through enhanced collaboration, improved lifecycle management, and on-demand access to cloud-based software. The result is increased design productivity, faster time to market, and systems that cost less to build and maintain. [Read more…] about Rockwell Automation launches FactoryTalk Design Hub

Applied EV uses Siemens Xcelerator as a Service to design autonomous vehicle systems

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Applied EV, an Australian specialist in safety-rated, autonomous-ready, digital control systems and modular vehicle platforms for commercial applications, is using the Siemens Xcelerator portfolio of software and services to support the design, quality assurance and build of its next generation autonomous vehicles.

Applied EV is creating the future of transport with driverless, efficient transport solutions with Automotive Safety Integrity Level (ASIL) architected applications for the automotive and industrial sectors.

Siemens’ cloud-native Teamcenter X software for product lifecycle management (PLM) from the Siemens Xcelerator portfolio is the trusted tool for Applied EV’s design and product quality workflows to help decrease costs and reduce time-to-market. [Read more…] about Applied EV uses Siemens Xcelerator as a Service to design autonomous vehicle systems