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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

Introducing the Field Marking Robot: The Future of Athletic Field Maintenance

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The Field Marking Robot is a new machine that is designed to help with the maintenance of athletic fields. This machine can quickly and easily mark lines on any field without needing a human operator.

The field marking robot is operated by remote control, which allows the user to select the desired line width and color. The machine then uses GPS to navigate itself around the field while leaving behind a perfectly straight line.

This technology has the potential to revolutionize the way athletic fields are maintained. In the past, field markings were often done by hand, which was both time-consuming and led to inconsistent results. With the Field Marking Robot, those days are now over. [Read more…] about Introducing the Field Marking Robot: The Future of Athletic Field Maintenance

Locus granted patent for machine learning models to ‘accurately predict traffic time’ for last-mile deliveries

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Locus, a logistics software technology company (not to be confused with Locus Robotics), has been awarded a patent for “Machine Learning Models for Predicting Time in Traffic”, the second patent awarded to the company in 2022.

Predictability of last-mile deliveries is a logistical challenge that continues to affect businesses across various sectors such as e-commerce, 3PLs, and so on.

Locus’ new patent will enable enterprises to achieve better precision in their last-mile deliveries by factoring in traffic patterns, which have historically been considered too dynamic to map. [Read more…] about Locus granted patent for machine learning models to ‘accurately predict traffic time’ for last-mile deliveries

The Most Promising Business Cases for Computer Vision

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Evgeniy Krasnokutsky, AI/ML Team Leader, PhD at MobiDev

Computer vision is one of the most popular AI technologies whose task is to understand and interpret information from digital images, videos, and other visual inputs.

These properties open up a lot of business opportunities and in this article, we will talk about the most promising applications of this technology.

Medical Image Processing in Healthcare

Sophisticated medical imaging is the driving force behind the power of modern medicine. Traditionally, human professionals perform analysis of medical imagery such as X-rays and CT scans. [Read more…] about The Most Promising Business Cases for Computer Vision

Increased Productivity With Palletizing Automation

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In recent decades, the field of robotics and the development of artificial intelligence has grown to unimaginable proportions. Today, robotic services, automatic counting and record-keeping systems, and other gadgets are increasingly seen in the workplace. 

While such technology is just beginning its journey in everyday life, it has long occupied its niche in manufacturing. Thanks to their many advantages, more and more robots are appearing in the workplace. Why do we trust them so much and is it profitable? [Read more…] about Increased Productivity With Palletizing Automation

Scythe Robotics receives 7,000 orders for its autonomous law mowers

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Scythe Robotics has received 7,000 orders for its autonomous law mowers, according to a report The Denver Post website.

The startup company says it plans to expand its manufacturing facility in Colorado to be able to handle the orders, adding that its mowers have received strong interest from all across the United States.

Scythe Robotics specializes in building commercial-grade autonomous robotic solutions for the landscaping industry, and its first offering is an all-electric, fully autonomous mower, designed completely in-house. [Read more…] about Scythe Robotics receives 7,000 orders for its autonomous law mowers

How Packing Machines are Making Their Way into Garden Shops

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Packaging machines are increasingly making their way into garden shops. All thanks to the numerous advantages they offer and their cost-effective nature.

First and foremost, packaging machines can help increase the packing efficiency of the process.

They can do this by automating many of the tasks involved in packing products. This includes tasks such as loading products onto the packaging machine, sealing the packages, and labeling them. [Read more…] about How Packing Machines are Making Their Way into Garden Shops

Methods Machine Tools releases its first end-to-end standard automation system for Nakamura turning centers

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Methods Machine Tools, the foremost supplier of high-quality, high-precision CNC machine tools and automation in North America, has released the Turn-Assist 200i and 270i from RoboJob as its first, end-to-end standard automation system for Nakamura-Tome turning centers.

A semi-collaborative system engineered for lathe automation, Turn-Assist is designed to be implemented and run by operators of any skill level. With a simple tablet-style HMI and standard Ethernet IP interface, shops can successfully change over from one part to another within minutes.

Zach Spencer, Methods’ automation manager, says: “By pairing the Turn-Assist from RoboJob with Nakamura-Tome, we have created a unique automation solution for high-mix/low-volume and/or mid-volume with frequent changeovers on round workpieces often associated with Nakamura lathes. [Read more…] about Methods Machine Tools releases its first end-to-end standard automation system for Nakamura turning centers

DMG MORI building Africa’s first machine tool factory

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DMG MORI, a manufacturing technology company with 12,000 employees in 87 countries and $2 billion in annual sales revenues, is building what it says is “Africa’s first machine tool factory” in Cairo, Egypt.

The decision was formally made at a meeting with Egypt’s President Abdel Fattah El-Sisi. In the presence of Prime Minister Dr Mostafa Madbouly, the company’s chairman, Christian Thönes, and AOI President Lt Gen Abdel Moneam Al Tarras signed the “pioneering cooperation agreement”.

Christian Thönes, chairman of DMG MORI Aktiengesellschaft, says:“Egypt is the door to Africa – a continent full of potential and high demand for future technologies. [Read more…] about DMG MORI building Africa’s first machine tool factory

Rapid Robotics unveils robot with ‘fastest setup time in the industry’

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Rapid Robotics says it has developed a robot with the “fastest setup time in the industry”.

The Rapid Machine Operator (RMO) from Rapid Robotics is “the first industrial robot that can get up and running in a matter of hours”, according to the company.

It’s also the first manufacturing robot that can move between jobs “in less time than it takes to make a cup of coffee”. [Read more…] about Rapid Robotics unveils robot with ‘fastest setup time in the industry’