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Engineering procurement platform Kreatize enters new market with Austrian investors

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Kreatize, which claims to be Germany’s largest procurement platform for mechanical engineering, has received a joint investment from Austrian company B&C Innovation Investments (BCII) and the industrialist Martin Ohneberg.

Kreatize says the new investment – which is described as being in the “mid single-digit million” euro range  – will enable it to expand its business in Austria.

The procurement of industrial components is often a costly, lengthy and non-transparent process. [Read more…] about Engineering procurement platform Kreatize enters new market with Austrian investors

Automatic Passenger Counters for Improving Public Transport

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Fleet companies that operate cabs, buses, and coaches and companies that manage public trains and trams need to keep data on the number of passengers boarding and alighting for accountability. Earlier, manual counting was the only way to record such data.

But today, technology has really changed how things are done. These public transport vehicles are fitted with automatic passenger counting (APC) devices that will actually transmit the tally in real time to a remote location.

The availability of such technology is a big invention in the public transport sector that has brought numerous positive changes. Let us dive deeper into how the sector has changed through using APC devices. [Read more…] about Automatic Passenger Counters for Improving Public Transport

Comau releases infographic about smart factory trends

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Industrial automation company Comau has released a new video-infographic about the Smart Factory latest trends.

The company notes that, as a result of digitization, many everyday objects are able to collect data, analyze external information and communicate with each other.

But what happens when this type of technology is applied to the factory, both large companies and SMEs? What elements will characterize the factory of the future? [Read more…] about Comau releases infographic about smart factory trends

Fetch Robotics launches integrated fulfillment solution with Zebra Technologies

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Fetch Robotics, a provider of warehouse robots, has agreed a collaboration with Zebra Technologies, a warehouse solutions specialist, to optimize and automate warehouse picking processes through the integration of Fetch autonomous mobile robots and Zebra FulfillmentEdge software.

The two companies say the unique solution optimizes picking across multiple orders for piece, case, and pallet workflows.

By dynamically optimizing and orchestrating the movement of warehouse workers and robots, FulfillmentEdge and Fetch AMRs enable collaborative picking for faster, more accurate fulfillment and improved workflows that allow workers to spend more time in the aisle instead of manually moving material throughout a facility. [Read more…] about Fetch Robotics launches integrated fulfillment solution with Zebra Technologies

Covid-19 pandemic impact: Mobile robotics market to grow to $23 billion by next year

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The Coronavirus outbreak has highlighted use cases for mobile robotics to successfully disinfect, monitor, survey, and handle and deliver materials.

These proven use cases will propel the overall mobile robotics market to $23 billion by 2021, according to a report by technology market advisory firm, ABI Research.

Rian Whitton, senior analyst at ABI Research, says: “Crises shift perceptions on what is possible regarding investment and transformative action on the part of both private and government actors. [Read more…] about Covid-19 pandemic impact: Mobile robotics market to grow to $23 billion by next year

The Future of Finances – A Digital Banker

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As a consumer, the most beneficial aspect of modern banking is the ability to have your money by your side at all times.

This easy access to your money will save you from having to make your way to the bank every time one of your accounts runs low and you need to transfer.

As a banker, there is a growing demand for banks and financial institutions to implement this digital method of banking. Consumers want their money whenever and wherever they can get to it. [Read more…] about The Future of Finances – A Digital Banker

Fast Company includes UBTech Robotics on list of ‘most innovative companies worldwide’

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UBTech Robotics, an artificial intelligence and robotics company specializing in the services and education sectors, has been selected by Fast Company into its latest list of most innovative companies worldwide.

The Shenzhen-based company has been included in the robotics category for advancing the art of humanoid service for various business environments.

The enterprise-grade, cloud-connected Cruzr robot has been used in retail stores, airports, banks, and other environments. With wheels and arms, the gleaming white bot is already performing tasks such as providing directions and discounts to shoppers at EasyHome, China’s largest home-innovation chain. [Read more…] about Fast Company includes UBTech Robotics on list of ‘most innovative companies worldwide’

Robotic last-mile deliveries to generate almost $50 billion in revenue by 2030

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Robotic last-mile deliveries are forecast to generate almost $50 billion in revenue by 2030, according to a new report by Lux Research.

Automated parcel delivery technologies, such as small mobile delivery robots, are growing due to the rise in consumer demand for faster deliveries.

The rise in e-commerce is fueling rapid growth in parcel delivery volumes, a market expected to grow to $665 billion by 2030. Consumers are increasingly expecting parcels to be delivered quickly. [Read more…] about Robotic last-mile deliveries to generate almost $50 billion in revenue by 2030

American Manufacturers ‘ready to help’ cope with disruption caused by coronavirus

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American Manufacturers say they are “ready to help” cope with the disruption caused by the coronavirus pandemic.

CEOs of companies facing global supply chain challenges can find local solutions with US suppliers, declared five American manufacturing trade associations in an open letter to CEOs.

US trade associations representing more than 3,500 companies in industries that employ more than 475,000 Americans have made the pledge to support the industry. [Read more…] about American Manufacturers ‘ready to help’ cope with disruption caused by coronavirus

Pony.ai raises $400 million from Toyota for autonomous driving development

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Pony.ai, an autonomous driving company, has raised $400 million from Toyota to deepen and expand the two companies’ collaboration in mobility services.

The investment comes as an extension of a business partnership that was formed between Pony.ai and Toyota in 2019.

Building upon the foundation established last year, both companies will further advance their joint efforts in autonomous driving technology development and mobility service deployment. [Read more…] about Pony.ai raises $400 million from Toyota for autonomous driving development