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Amazon Is Using ‘Acquisition’ Of Robotic Companies For Autonomous Growth

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Amazon Is Using ‘Acquisition’ Of Robotic Companies For Autonomous Growth

 

Amazon is attempting to scale up with initiatives such as salary hikes, mergers and acquisitions, and partnerships with third parties

Amazon, the eCommerce giant and a warehouse company, is not new to acquiring robotic companies. Starting with the acquisition of Kiva Systems in 2012 for $775 million has come a long way with the recent acquisition of iRobots for a whopping $1.7 billion. And recently it acquired Cloostermans, a Belgian Robotics company, it has been using the services since 2019 for eCommerce operations and scaling up its R&D and deployment operations. “We’re thrilled to be joining the Amazon family and extending the impact we can have at a global scale. Amazon has raised the bar for how supply chain technologies can benefit employees and customers, and we’re looking forward to being part of the next chapter of this innovation”, said Frederik Berckmoes-Joos, CEO of Cloostermans, in a statement for a blog post published by Amazon. Around 200 Cloostermans’ employees would join Amazon’s workforce. Without disclosing the financial terms of the deal, it revealed that operations for the acquired Belgium-based company will continue from its base, located in Hamme after the deal concludes.

Prima facie, might seem like a normal business merger and acquisition initiative which probably is for very valid reasons, but reports point out that it has been ramping up robotics acquisitions to meet the demands that arise out of its ever-expanding business operations. A leaked internal memo, reported by Recode, warns of severe staff shortage, which may put Amazon’s service quality, reputation, and growth plans at risk. Since the last decade, it has been expanding its operations, including in Europe, all while ramping up its hiring initiative all over the world. Experts are of opinion that Amazon’s workplace culture which is focused on “customer obsession” – which made Amazon a convenient work model the world has not seen before – is responsible for the surge in expansion and hence the acquisitions.

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Cloostermans, going by its antecedents, strikes as a well-established company. Set up in 1884, it was largely a privately run family business held by the last six generations. Given the fact that Amazon is one of Cloostermans’ biggest customers, the deal might have gone through seamlessly. Apparently, Amazon is attempting to scale up its operations using a mixed bag of initiatives such as salary hikes, mergers and acquisitions, and partnerships with third parties, which Cloosterman was part of, providing robots for packaging and moving operations. “We have more than 5,20,000 robotic drive units, and have added over a million jobs, worldwide. We have more than a dozen other types of robotic systems in our facilities around the world, including sort centers and air hubs. From the early days of the Kiva acquisition, our vision was never tied to a binary decision of people or technology. Instead, it was about people and technology working safely and harmoniously together to deliver for our customers. That vision remains today”, asserts Amazon in one of its blog posts. Clearly, Amazon is turning adversity into an opportunity to not only expand its operations but become self-dependent, and it reflects in its statement to TechCrunch, “We have a vision for a future where people work alongside robotics to further improve safety and the workplace experience” when it acquired Canvas Tech in 2019.

The post Amazon Is Using ‘Acquisition’ Of Robotic Companies for Autonomous Growth appeared first on Analytics Insight.

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Artificial Intelligence Market Size To Reach US$407 Billion By 2027

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Artificial Intelligence Market Size To Reach US$407 Billion By 2027

The artificial intelligence market size is driven by big data, cloud applications, and services

Artificial Intelligence is inarguably the most popular technology right now. The artificial intelligence market size is expected to grow from US$86.9 billion in 2022 to US$407 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 36.2% during the forecast period. The three main growth drivers are an increase in big data, cloud application and service usage, and demand for intelligent virtual assistants.

The year 2050 is marked by experts as the year when AI will be able to perform every kind of human activity. Already intelligent machines are contributing significantly to the daily operations of big and critical industries. For instance, the information security world is forever short on skilled human capital which eventually exposes systems to criminality. But with the intrusion of AI, the scene has drastically changed with the first-generation AI solutions providing value creation from massive data and threat detection features.

The rate of progress and development in AI has been intermittent and unpredictable. There have been significant advances in technology since its inception. It is an over-arching concept that entails multiple disciplines and is transforming every walk of life. Organizations are already implementing AI for numerous business applications. If deployed effectively, the technology provides real-time data gathering, forecasting, and trend analysis for delivering greater insight.

The growth of the AI market can be attributed to the rapid surge in cybersecurity incidents and ransomware attacks across the globe during the COVID-19 pandemic, the increasing need for new use cases for businesses such as interactive games, decision support, and real-time retail recommendation engines, is expected to drive the artificial intelligence market size growth. North America is expected to account largest market share during the forecast period. The region is one of the leaders in technological advancements and is home to major AI providers.

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A Brief History Of Manufacturing Robots

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A Brief History Of Manufacturing Robots

Manufacturing robots are a relatively new technology, but they have quickly become integral to many factories and manufacturing plants. While the first industrial robot was designed in the early 1960s, it wasn’t until the late 1990s that manufacturing robots began to be widely used. In this article, we will briefly examine the history of manufacturing robots and explore some of the factors that have led to their growing popularity.

 

The history of robotics can be traced back to the early 1800s

The origins of robotics can be traced back to the early 1800s when scientists began experimenting with automatons, or self-operating machines. In the following decades, these rudimentary robots were developed into increasingly complex machines, capable of performing a variety of tasks.

In the 1950s, the field of robotics took off, thanks to pioneers like George Devol and Joseph Engelberger. Devol’s invention of programmable universal automation controllers laid the groundwork for modern industrial robots, while Engelberger’s company, Unimation, built the first robot arm used in factories.

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Today, robots are integral to many industries, from automotive manufacturing to healthcare. And as they continue to evolve, it is clear that the history of robotics is only just beginning.

 

Industrial robots began appearing in factories in the 1950s

Industrial robots are machines that are used to perform tasks that are typically too difficult or too dangerous for humans. They began appearing in factories in the 1950s, and their use has been steadily increasing ever since.

Today, industrial robots can be found in a wide variety of settings, from car assembly plants to food processing facilities. In many cases, they have significantly improved efficiency and safety. For example, robotic welding arms can work faster and more accurately than human welders, and they are less likely to suffer from fatigue or make mistakes.

As industrial robots continue to become more sophisticated, their use will likely become even more widespread in the years to come.

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Modern manufacturing robots are much more sophisticated

The manufacturing industry is one of the most important sectors of any economy. It produces various goods, from food and clothing to vehicles and electronic devices. In recent years, there has been a shift towards automation in manufacturing, with robots increasingly being used to carry out tasks that human workers previously carried out. This has resulted in a significant increase in productivity and efficiency and a reduction in costs.

The latest generation of robots is even more sophisticated than its predecessors, with the ability to carry out complex tasks such as assembly and welding. This has led to fears that robots will eventually replace human workers altogether. However, it is worth noting that manufacturing remains a highly skilled profession and that robots cannot wholly replicate the work of human workers.

As such, the role of humans in the manufacturing process is likely to remain important for the foreseeable future.

 

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Robotics is becoming increasingly important in the manufacturing industry

Robotics is becoming increasingly important in the manufacturing industry. By automating tasks that are either too difficult or too dangerous for human workers, robots are able to boost efficiency and productivity while reducing risks.

In addition, robots are often more precise than human workers, meaning they can produce products with higher quality control. As the cost of robotics technology continues to decline, even more factories will likely begin to integrate robots into their production processes. Ultimately, the increasing use of manufacturing robots will profoundly impact the economy and workforce.

 

Robotics offers many benefits to manufacturers

Robotics has become an increasingly popular option for manufacturers in recent years, and it is easy to see why. Robotics offers a number of benefits, including increased efficiency and reduced costs. In terms of efficiency, robotics can work around the clock without needing breaks and can be programmed to handle tasks that are too difficult or dangerous for humans. In terms of cost, robotics requires a lower initial investment than traditional manufacturing methods, and the ongoing costs are also lower. As a result, it is no surprise that robotics is playing an increasingly important role in the manufacturing industry.

 

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The future of robotics looks bright

It is safe to say that the future of robotics looks bright. With rapid technological advances, we see more innovative robotics applications. In the coming years, robots will be used in various settings, from manufacturing and healthcare to transportation and logistics.

Robotics will also play an increasingly important role in our daily lives, as they can perform tasks that are too difficult or hazardous for humans. As technology develops, we can only imagine the types of robots that will be created in the future. Whatever form they take, it is clear that robotics will significantly impact our world.

 

At the end of the day

Although the industrial revolution brought about many changes to society, it is clear that robots’ invention and implementation have perhaps had the most significant impact on manufacturing. With continued advancement in robotics technology, it is exciting to think about what the future may hold for both human and robot collaboration in factories worldwide.

The post A brief history of manufacturing robots appeared first on Analytics Insight.

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It Is Not Just Meta In The Metaverse, Know The Other Tech Giants Shaping The Metaverse

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It Is Not Just Meta In The Metaverse, Know The Other Tech Giants Shaping The Metaverse

The buzzword of the moment is ‘metaverse’. But who came up with this? This whole concept started with Meta CEO Mark Zuckerberg’s push for the creation of the metaverse.  Mark Zuckerberg and Meta’s role in the metaverse landscape began in 2014 when the company acquired the virtual reality platform Oculus.

Despite all the ongoing trends in the metaverse, a lot of things still remain uncertain. Meta is the main company developing Metaverse for users and players to be in the vast network of real-time 3D virtual worlds while maintaining identity and payment history.

There is no doubt that Meta company is directly linked with Metaverse, but there are companies as well shaping the Metaverse.

Starting with NVIDIA, it is one of the top companies for Meta to strike a deal with the Metaverse market. It took an initiative to distribute free copies of a program built for developing Metaverse-ready assets known as Omniverse.

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Epic Games is at the forefront of big companies developing Metaverse with a significant wave of development and innovation.

Microsoft is a famous company for Meta focused on developing a series of Metaverse applications on top of the Mesh platform. It is also building a new augmented reality chipset for Metaverse with Qualcomm for providing access to new features.

Apple is known as a well-known company for Meta for creating a Head-Mounted System (HMD) virtual meetings app. It will incorporate physical hand and arm movements to be present and interact in virtual meetings.

Decentraland is one of the big companies developing Metaverse as a platform for content producers and enterprises looking for a new artistic medium or any commercial opportunity.

With the way, it’s going it won’t be long before all the biggest tech enterprises join in this Metaverse race.

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The post It is Not Just Meta in the Metaverse, Know the Other Tech Giants Shaping the Metaverse appeared first on Analytics Insight.

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