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Interest Grows In Collaborative Robots
July 5, 2016 by admin
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Robots that work as assistants in unison with people are set to upend the world of industrial robotics by putting automation within reach of many small and medium-sized companies for the first time, according to industry experts.
Collaborative robots, or “cobots”, tend to be inexpensive, easy to use and safe to be around. They can easily be adapted to new tasks, making them well-suited to small-batch manufacturing and ever-shortening product cycles.
Cobots can typically lift loads of up 10 kilograms (22 lb) and can be small enough to put on top of a workbench. They can help with repetitive tasks like picking and placing, packaging or gluing and welding.
Some can repeat a task after being guided once through the process by a worker and recording it. The price of a cobot can be as little as $10,000, although typically they cost two to three times that.
The global cobot market is set to grow from $116 million last year to $11.5 billion by 2025, capital goods analysts at Barclays estimate. That would be roughly equal to the size of the entire industrial robotics market today.
“By 2020 it will be a game-changer,” said Stefan Lampa, head of robotics of Germany’s Kuka, during a panel discussion organized by the International Federation of Robotics (IFR) at the Automatica trade fair in Munich.
Growth in industrial robot unit sales slowed to 12 percent last year from 29 percent in 2014, the IFR said on Wednesday, weighed by a sharp fall in top buyer China.
The world’s top industrial robot makers – Japan’s Fanuc and Yaskawa, Swiss ABB and Kuka – all have collaborative robots on the market, although sales are not yet significant for them.
But the market leader and pioneer is Denmark’s Universal Robots, a start-up that sold its first cobot in 2009 and was acquired by U.S. automatic test equipment maker Teradyne for $285 million last year.
Source-http://www.thegurureview.net/aroundnet-category/interest-grows-in-collaborative-robots.html
Banks Join Instant Chat
October 16, 2013 by admin
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Goldman Sachs Group Inc, JPMorgan Chase & Co and six other financial institutions have agreed to join a new instant messaging network from Markit and Thomson Reuters Corp to connect disparate messaging systems.
The network, called Markit Collaboration Services, launched on Monday and allows members to chat with one another regardless of the proprietary messaging technology that each firm uses.
This open platform differs Bloomberg LP’s messaging system, which is a closed network only for users of Bloomberg terminals.
Bloomberg messaging is the most popular form of chat on Wall Street, and often cited as one of the reasons banks are willing to pay around $20,000 a year for a subscription to a Bloomberg terminal.
Markit and Thomson Reuters said they hoped their open messaging network will attract banks that want to chat with their clients or other financial institutions but cannot currently do so because they are on different messaging systems.
The other banks that have joined the new network are Deutsche Bank, Bank of America Merrill Lynch, Barclays, Citigroup, Credit Suisse and Morgan Stanley, according to a statement from Markit.
The banks collectively employ more than 1 million people worldwide, though it was not immediately clear how many individuals will use the new Markit service.
David Craig, president of Thomson Reuters’ Financial & Risk division, said one of the challenges facing banks is that their messaging systems do not always talk to one another. “That creates costs and complexity,” he said.
Markit and Thomson Reuters said the messages on the new network are encrypted, and the system does not store them.
Representatives from Bank of America, Deutsche Bank, Goldman Sachs and Morgan Stanley were not immediately available to comment on the new messaging system. Representatives from Barclays, Citi, Credit Suisse and JPMorgan also declined to comment.