Found in Robotics News & Content, with a score of 6.79
…honors in 2021, including the Inc. 5000 and the Deloitte Technology Fast 500. It currently has 25 employees working in a 6,500 square foot office and manufacturing space in Hood River. Left to right: Greg Davis, Overwatch CEO and president, and Nick Anderson, cofounder and chief technology officer. Source: Overwatch Imaging Overwatch to continue efforts to scale up Overwatch Imaging said it will continue to partner with leading aircraft manufacturers and operators as it scales to meet the many emerging needs for its technology, both for special missions and civil applications. The company’s imaging systems have been used in North…
Found in Robotics News & Content, with a score of 6.59
…enterprises such as Slack, DoorDash, and Woven Planet. The Deloitte Technology Fast 500 recently ranked it No. 147 among the fastest-growing technology, media, telecommunications, life sciences, financial technology, and energy companies in North America. “It has been a crazy couple of years,” said Erik Schluntz, co-founder chief technology officer of Cobalt Robotics. “A lof of our newest deals have been expansions with existing customers who want more value. This speaks more than new sales because they've experienced our product.” Learning language models to shape human-robot interaction Schluntz, who previously worked on SpaceX's Flight Software Team and GoogleX's Smart Contact Lens…
Found in Robotics News & Content, with a score of 6.53
…over the past three years, Skydio gained recognition as the one of the fastest-growing North American companies in the Deloitte Technology Fast 500 awards. It noted that manually piloted drones made by Chinese companies and beholden to the PRC's government have dominated the drone market. Escalating geopolitical tensions have sharpened the need for secure, trustworthy drones to serve critical infrastructure, public safety, and defense customers, said Skydio. The company said it has donated more than $300,000 in drones and training services to Ukraine in the wake of Russia's invasion.
Found in Robotics News & Content, with a score of 6.19
…scarcity of machine operators and an inability to automate. Deloitte estimates that by the end of the decade, U.S. manufacturers may have 2.4 million unfilled jobs, putting $454 billion of business at risk. The shortfall is especially acute among operators who work the machines that perform 80% of all factory tasks. Some estimates predict that U.S. manufacturers could need 600,000 more workers to meet demand and compete with factories overseas. Rapid Robotics said its entry into the market “comes at a pivotal moment for U.S. manufacturing, as the Biden administration rolls out ambitious plans to revitalize the sector, boosting competitiveness…
Found in Robotics News & Content, with a score of 5.94
…Michael Daher, a principal and transportation practice leader with Deloitte Consulting. Daher adds that many clients are layering AI capabilities into supply chain control towers—systems that centralize logistics data and shipment visibility. According to Daher, AI’s output can automate better decisions around load planning, mode selection, and carrier selection, says Daher. “By leveraging AI to help automate decisions in these areas, the managers are able to focus more attention on the strategic nature of their supply chain management network.” Deloitte sees logistics evolving toward three pillars: connected communities, holistic decision-making, and intelligent automation. AI is central to holistic decisions, Daher…
Found in Robotics News & Content, with a score of 5.86
…and we look up to Amazon.” OPLOG topped the Deloitte Technology Fast 50 Turkey, having experienced 4,564% growth. It also graduated from the Microsoft for Startups’ GrowthX Accelerator. The company said it has experienced 91% year-over-year growth in units fulfilled, in contrast to the wider e-commerce slowdown post-pandemic. Halit Develioglu, founder of OPLOG, notes that automated fulfillment centers must differentiate themselves in a crowded market. Source: OPLOG Smart warehouses use robots OPLOG said its warehouses will use up to 50 robots. The company's proprietary& technology stocks a merchant’s products and prepares orders on their behalf. It also manages deliveries with…
Found in Robotics News & Content, with a score of 5.85
…years ago in the MHI study, conducted jointly with Deloitte Consulting, to 57% today. Scott Sopher, a principal with Deloitte Consulting who works closely on the MHI survey, says it’s clear that the pace of change around digital supply chain management will be rapid. The good news, says Sopher, is that supply chains are evolving from often poorly synchronized links in a chain into “a connected, harmonized network of trading partners” who can instantly share information around a “digital core” or foundation. “If you just look at some of the numbers from the latest study, the pace of change is…
Found in Robotics News & Content, with a score of 5.67
…reaper. In our present day, it is robotics that is coinciding with the innovative spirt of agriculture. Consulting firm Deloitte, in an article on the use of robotics in agriculture, stated it aptly: “Agriculture has a proven track record of developing and adopting new innovations to improve on-farm productivity and efficiency, enhance product quality, and open up new markets. Facing disruptive changes, the industry needs to look within and beyond itself to identify innovations that can maintain (and even extend) its competitive position.”
Found in Robotics News & Content, with a score of 5.44
…managing director for supply chain and network operations at Deloitte Consulting. “The rationale is a combination of cost, risk, and time,” he noted. “Companies are seeing the benefit from the labor arbitrage previously available offshore begin to erode.” Labor shortage hinders reshoring Unfortunately, there’s a catch. Wage and transportation cost increases have not been enough to trigger the momentum that many hoped for. One of the main reasons many companies’ hesitate to reshore is the absence of an adequate local labor pool. “The 'Great Resignation' is playing a major role in manufacturing,” said Joe Campbell, senior manager of applications development…
Found in Robotics News & Content, with a score of 4.77
…and Japan. People are realizing it's a big deal. Deloitte expects the value of the whole segment to have a CAGR [compound annual growth rate] of 17.5% over the next five years—that's more than doubling in that time. It's the same with warehouse robotics at 12%. Looking at leading-edge tech What industries are most interested in investing in robotics? Sharma: Food and beverage demand is driven by worker shortages and concerns about health and safety. I saw a recent article citing the FDA that said 35% of food-borne illness outbrakes were due to workers who came in sick. The U.S.…
Found in Robotics News & Content, with a score of 4.42
…are already behind your competitors. According to MHI and Deloitte, there are two primary well-known forces driving investments in technology in the supply chain and logistics industry: Customer demands and workforce shortage. More recent challenges, such as the national warehouse vacancy rate hovering at record lows, and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs, have created an even more demanding environment. Also, in polling supply chain executives from across numerous industries, we found that two-thirds of logistics spending is allocated to transportation and the remainder to warehousing. This is likely why…
Found in Robotics News & Content, with a score of 3.41
…the company said. A large partner ecosystem—including ADLINK, Aetina, Deloitte, Quantiphi, and Siemens—is helping to bring these systems to market. About NVIDIA Since its founding in 1993, NVIDIA said it has been a pioneer in accelerated computing. The company claimed that its invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined computer graphics, ignited the era of modern AI, and is fueling the creation of the industrial metaverse. NVIDIA said it is now a full-stack computing company with data-center-scale offerings that are reshaping industry. Last week, it reported quarterly revenue of $7.19 billion, up…