Tag: software

Cobot Palletizers Brew Big Benefits for Coffee Company

Cobot Palletizers Brew Big Benefits for Coffee Company

The Robotiq Palletizing Solution with the UR10e cobot handles 1,500 boxes per day in a two-shift operation In 1897, Steve Papanicholas immigrated from Greece to Chicago, where he founded Overland Coffee Co., now Napco Brands, a family-owned coffee company that uses the same robust sourcing, roasting, and blending practices developed by Papanicholas at the turn of the century. Since its founding, the company has expanded from roasting and packaging a single in-house brand to producing four distinct coffee brands: Papanicholas, Day to Day, Versanto, and Basic Joe. It also offers a growing line of private-label coffees.

“At Napco, we have […]

How Automation is Shaping the Workforce of Tomorrow

How Automation is Shaping the Workforce of Tomorrow

Nowadays, technology is changing at lightning speed, and automation is leading the charge. This trend is reshaping how we work and live, making tasks easier, and transforming industries. Automation, simply put, is when machines do tasks instead of people. It’s not just about robots assembling cars. It’s also about software scheduling appointments or AI helping make business decisions. This shift towards automation is creating a new future for our workforce. It promises to make work more efficient and open up new possibilities for innovation.

However, the move towards automation is also about how we, as a society, adapt to these […]

2 Artificial Intelligence (AI) Stocks That Could Go Parabolic

2 Artificial Intelligence (AI) Stocks That Could Go Parabolic

The excitement of artificial intelligence (AI) is seemingly carrying the stock market higher. Those stocks that Wall Street has deemed to be AI winners, like Nvidia or Super Micro Computer , have multiplied in value over the past year, a parabolic journey that’s made investors very wealthy.

Perhaps the next big AI move will be companies that integrate AI technology to become better businesses. In this category, stocks like UiPath (NYSE: PATH) and Monday.com (NASDAQ: MNDY) come to mind. These two stocks have done well over the past 18 months, but more upside could be ahead. 1. UiPath: Accelerating with […]

SURESH BABU: How AI affects carmakers’ workforce is up to us

SURESH BABU: How AI affects carmakers’ workforce is up to us

Legislators should steer the technology to upskill and reskill workers to prepare them for its adoption

Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.

Subscribe now Picture: 123RF Artificial intelligence (AI) has long been a rich source of storytelling: from the HAL 9000 computer — the brainchild of Stanley Kubrick and Arthur C Clarke in the film 2001: A Space Odyssey — to the replicants in the epochal blockbuster Bladerunner and the genocidal Skynet programme in the Terminator franchise.Some […]

Ethical Considerations in Robotics and AI: Navigating the Moral Dilemmas of Automation

Ethical Considerations in Robotics and AI: Navigating the Moral Dilemmas of Automation

In a world where robots and artificial intelligence are becoming increasingly integrated into our daily lives, the ethical considerations surrounding their use have never been more important. From autonomous vehicles to chatbots, the decisions made by developers and programmers can have profound moral implications. Join us as we delve into the complex landscape of robotics and AI, exploring the challenges and dilemmas that arise when navigating the ever-evolving intersection of technology and ethics. Introduction to Robotics and AI

In recent years, robotics and artificial intelligence (AI) have significantly advanced, resulting in the widespread use of autonomous systems in various […]

Chatbot Market revenue to hit USD 84.78 Billion by 2036, says Research Nester

Chatbot Market revenue to hit USD 84.78 Billion by 2036, says Research Nester

Research Nester Leading chatbots market players include Creative Virtual, eGain Corporation, IBM Corporation, Botsify, Aivo Conversational AI, Acuvate, Chatfuel, Google Inc., Inbenta Holdings Inc., and Bitonic Technology Labs Inc.

New York, March 18, 2024 (GLOBE NEWSWIRE) — The global chatbot market size is predicted to expand at ~22.87% CAGR between 2024 and 2036. The market is projected to garner a revenue of USD 84.78 billion by the end of 2036, up from a revenue of ~USD 5.87 billion in the year 2023.Chatbots are growing in popularity due to increased demand for automation. Companies are looking to reduce their operational […]

Navigating the workforce and skills transformation in the age of AI

Navigating the workforce and skills transformation in the age of AI

Implementing AI and technology is more about managing human emotions than technical deployment. The genie has escaped the bottle and AI is everywhere now, and HR leaders must understand its implications and steer organisations toward a future in which humans and machines can coexist. While integrating these technologies offers a promising outlook to augment human capabilities and drive innovation, it is equally true that this journey is full of challenges and unknowns. Think of it as navigating through a thick fog—there is a lot we cannot see yet, and we are learning as we go. The path is unclear, […]

Manufacturing Automation ROI is Tragically Undervalued by Small and Medium Manufacturing Companies

Manufacturing Automation ROI is Tragically Undervalued by Small and Medium Manufacturing Companies

Summary

Manufacturing Automation ROI is Tragically Undervalued by Small and Medium Manufacturing Companies If you ask leadership at the average American manufacturing company, “How are automation investment decisions made?” You will inevitably hear “We calculate the ROI, and if there is a return in under X months, we make the investment." This is not bad business thinking. However, most manufactures are incorrectly calculating their ROI. This is because they are only considering the most basic values of automation investment.

Astute executives quickly weigh an investment decision with a narrative that parallels the Story of John Henry, the Steal Driving Man. […]

If creativity-as-a-service doesn’t bother you, enjoy your future endeavours

If creativity-as-a-service doesn’t bother you, enjoy your future endeavours

Image: Stockfresh IT leaders afraid of being automated out a job should embrace their humanity, says Billy MacInnes

14 March 2024

There was an interesting story on this website recently concerning a survey of IT leaders in Ireland by Auxilion which found that 62% believe artificial intelligence (AI) will make their company’s services redundant in three to five years.According to the research, carried out by Censuswide and involving more than 100 IT leaders and decision-makers in large enterprises across Ireland, nearly two in five (38%) would leave their job if their organisation did not invest emerging technologies like AI.I must […]

Nanonets Raises $29 Million to Automate ‘Mundane Office Work’

Nanonets Raises $29 Million to Automate ‘Mundane Office Work’

accounts payable worker AI-based workflow automation platform Nanonets has raised $29 million in new funding.

The company’s Series B round, announced Tuesday (March 12), comes as roughly a third of Fortune 500 countries have used Nanonet’s artificial intelligence (AI)-based workflow automation for finance, accounting, operations and other uses.

“The internet was going to kill paper but businesses today are producing more documents than ever, just in new forms,” such as emails, PDF contracts and white papers, Sarthak Jain , the company’s co-founder and CEO, said in a news release.“There are millions of highly skilled professionals stuck looking for needles in haystacks […]