Market trends and business perspectives
It might sound strange to some people but some Chinese companies have difficulties finding enough skilled workers for certain jobs.
You might expect that would not affect manufacturing because many jobs in the sector may require minimal training.
But, in fact, many jobs in manufacturing involve complex tasks which often require learning new skills and thorough training. [Read more…] about HRG takes initiative in recruiting talent for robotics development
LG, one of the world’s largest electronics companies, is reported to have invested $90 million in robotics companies so far and says robotics is an important part of its strategy going forward.
According to a report on the International Business Times website, LG’s investments include a $3 million stake in Bossa Nova Robotics, which builds shelf-scanning robots for work in grocery stores.
And as quoted by IBT, a senior executive at LG said the company was investing in robotics both within its business operation as well as outside the company.
Kim Sungwook, LG Electronics vice president, global open innovation division, said: “Robotics, as a key component of our ThinQ AI strategy, is a critical future growth opportunity for LG. [Read more…] about LG invests $90 million in robotics and calls the technology a ‘key component’ of its growth strategy
In this article, Robotics and Automation News takes a look at crowdfunding platforms
If you’ve got some money to invest, you may have considered, or even participated in, a crowdfunding campaign.
You wouldn’t be alone, of course, since literally billions of dollars have been raised in the past few years through such platforms.
The giants of the crowdfunding market are names you may be familiar with – Kickstarter and Indiegogo come to mind immediately. [Read more…] about Briefing – Investing in robotics and automation: Supporting ideas through crowdfunding platforms
Advisory firm ABI Research has listed what it regards as the most transformative technologies in manufacturing.
The company outlines how the technologies fit together with each other in its report Smart Manufacturing.
The eight transformative technologies the report highlights are:
The manufacturing sector has already seen increased adoption of IIoT platforms and edge intelligence, says ABI. [Read more…] about Industry analysis: 8 technologies that will transform manufacturing
South Korea, Germany and Singapore are the world’s top-ranked nations in their preparations for smoothly integrating intelligent automation into their economies, according to an index and report released today by ABB and The Economist Intelligence Unit.
The report “The Automation Readiness Index (ARI): Who Is Ready for the Coming Wave of Innovation?” finds that even the best-prepared countries must develop even more effective education policies and training programs, as well as place a new emphasis on continual learning over the course of a career.
Those policies and programs, the report recommends, must ensure that the rapid adoption of automation technologies and artificial intelligence (AI) will not leave people unprepared for the new, more human-oriented jobs that will be needed as robots and algorithms take on more of the routine tasks that can be and will be automated.
[Read more…] about South Korea tops ‘Automation Readiness Index’
MarketNewsUpdates.com news commentary
The robots are coming, whether we are ready or not and the trend is clear: robots will increasingly integrate into our society – at work, at home, in warehouses, hospitals and retail stores, on city streets, industrial parks and the footpaths of college campuses.
As these increasingly versatile machines start to roll out or walk out of the laboratories, the global robotics and automation market is forecasted to grow from $64 billion to $1.2 trillion in the next 10 years. [Read more…] about The rise of the robot: Investing in disruptive automation
Delta Electronics unveiled a range of smart manufacturing solutions at the recent Techno-Frontier show in Japan.
Delta says the solutions use the company’s “advanced automation technologies and production expertise to provide mass or customized production with high flexibility”.
Delta’s exhibition features a new integrated robot production line application for the needs of the Japanese market. [Read more…] about Delta Electronics showcases range of automation solutions at Japan exhibition
This is the second time I have been to Hannover Messe and I thought I was better prepared for what is probably the largest industrial technology show in the world.
But even though I had a lot of ideas of what to cover, it turns out that Hannover Messe has many more ideas than I brought with me and has overwhelmed me again.
The basic numbers about the show are impressive enough — close to a quarter of a million visitors over the five days the show lasts in the German city of Hannover. [Read more…] about Hannover Messe: An überwhelming experience
Exclusive interview with Denis Niezgoda, robotics accelerator lead at DHL
In this exclusive interview, Robotics and Automation News talks to Denis Niezgoda, robotics accelerator lead at DHL, who gets into details of the company’s automation strategy, highlights some challenges, and provides plenty of insight into numerous interesting initiatives DHL is currently engaged in.
DHL, as many will know, is the world’s largest logistics company, and Niezgoda says that the German giant is forecasting “solid improvements” in global shipments, especially in its freight forwarding business – ocean freight, road freight, and rail freight – which are among its core business activities.
“One of the biggest growth factors is online shopping or e-commerce, where we see steady, low double-digit growth – not just only in domestic shipments, but what is getting much more interesting in the past one or two years is cross-border shipments,” says Niezgoda. [Read more…] about The route to fulfilment: Exclusive interview with DHL robotics boss
The global Industrial Robotics Industry was estimated at $25.68 billion in 2013 and is expected to reach $40 billion by 2020, according to market research by Million Insights.
The desire to reduce operational costs by many manufacturing companies is expected to drive the global market growth, which can be majorly attributed to the adoption of automation through robotics.
Average labor costs in China have been rising by nearly 10 per cent yearly. The use of robots in industries has helped to reduced workers idle time by 80 per cent and save more than 50 per cent of the production cost, leading to significant cost savings.
[Read more…] about New research: Industrial robotics market to reach $40 billion by 2020
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