Robotics & Automation News

Market trends and business perspectives

organizations

Customer Due Diligence: Why and How?

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Customer-related risk assessment is highly important to any organization. That’s why companies process information from each prospective customer to maintain the needed level of organizational supervision.

Proper customer due diligence (CDD) is what institutionalizes this process. Proper CDD utilizing makes companies aware of the smallest risk and helps identify the highest risks, including fraud.

CDD is a legal requirement for businesses in the US and many other countries with EDD (Enhanced Due Diligence) required for dealing with clients from the KYC high-risk category. [Read more…] about Customer Due Diligence: Why and How?

US government awards Fanuc and Rockwell apprenticeship programs

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Fanuc, the world’s largest manufacturer of industrial robots, has been named a Standards Recognition Entity (SRE) by the US government’s Department of Labor.

Fanuc shares this achievement in collaboration with industry partners including Rockwell Automation, APT Manufacturing Solutions and the National Occupational Competency Testing Institute (NOCTI).

An official signing ceremony hosted by US DOL Secretary Eugene Scalia named 18 SRE organizations. [Read more…] about US government awards Fanuc and Rockwell apprenticeship programs

Industrial automation is ‘paying the price for failing to think big and invest bigger’

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The industrial automation sector is “paying the price for failing to think big and invest bigger”, according to a report by GlobalData.

The industrial automation sector was not in a great place before Covid-19 struck, having been slowed by flat capital expenditure and declining industrial production, says GlobalData, a leading data and analytics company.

The virus has since closed factory after factory worldwide with workers sent home. The reality is that despite much hype over the years, advanced factory automation has not been substituted for human workers at scale. [Read more…] about Industrial automation is ‘paying the price for failing to think big and invest bigger’

Opinion: ‘Scale’ is the magic word for digital transformation in 2020

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By Keith Higgins, vice president of digital transformation for Rockwell Automation

In 2019, we saw a 400 percent growth in digital transformation projects moving through the post-implementation stage, according to a recent study by Rockwell Automation.

The maturation of digitization projects will continue throughout 2020, and with this trend, the industry will evolve from exploring the primary benefits of data-driven solutions to understanding how these projects can be used as a resource to help scale smart factory initiatives.

Digital transformation has reached its inflection point. As organizations move their initiatives from project roll-out to continuous process improvement in 2020, scaling becomes a key topic of conversation. [Read more…] about Opinion: ‘Scale’ is the magic word for digital transformation in 2020

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

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