Search Result for : Robotics Market

The Dollar Business Bureau Nasscom, belied the media reports about mass layoffs in the IT sector. Sounding optimistic the trade body said that the industry is likely to hire 1.5 lakh people on a net basis but the techies in the software industry have to re-equip themselves with skills relevant for the jobs in the market. There were reports in the media last week that around 50,000 techies could be laid off this year from companies like Infosys, Cognizant and Wipro. Reacting to the same Nasscom President R Chandrasekhar told the media, "we categorically reject the reports of mass layoffs in the sector. FY17 saw 1.7 lakh people being added, while in Q4 alone, the gross hiring was of over 50,000 by ...

The Dollar Business Bureau US multinational auto maker, Ford said that it will invest about $1 billion in the next five years in an artificial intelligence (AI) start-up with the purpose of creating an autonomous vehicle by 2021. The auto giant will take a majority share in the Argo AI, an artificial intelligence firm headquartered in Pittsburgh, which was founded in 2016 by former employees of Google and Uber. The venture will hire leading engineers and ‘roboticists’ for developing a system of ‘virtual driver’, described by officials of Ford as the ‘brain’ of autonomous vehicle. Raj Nair, Executive Vice President of Ford, said that the setup is aimed to give the company a head start on its counterparts in the competition for commercialising the autonomous vehicles. “It will have the "speed and ...

The Dollar Business Bureau In order to leverage the potential of robotic surgery in India, Vattikuti Technologies, a distributor of advanced robotic systems, is aimed to achieve $135 million business by 2020 in the country. The company the only distributor of da Vinci robotic surgical systems in the country, is planning to sell almost 15 to 20 robots every year, worth anywhere between $1.2m to $2 million each. At present, the company lays emphasis on surgeon training, geographic reach and complete package. It has already trained 190 robotic surgeons across 30 hospitals in the country, that are using da Vinci robotic systems. Vattikuti Technologies said that it is planning to install 100 da Vinci robotic systems by 2020 as these are in high demand. ...

The Dollar Business A recent report on the global logistics robot market has forecasted it to grow at a compound annual growth rate (CAGR) of 32.36% during 2016-2020. The ResearchandMarket’s recent report, said companies are now changing their operational paradigms and opting for innovative solutions for their multifarious benefits. The report also said less adoption of technologically advanced equipment has hampered the market growth. Now, vendors have begun to develop collaborative robots, which can pick up heavy cartons and heavy payloads in assembly lines and warehouses, while ensuring the safety of workers, reducing product damage and minimising loss due to thefts. The demand for logistics robots has gone up significantly in the last decade, especially after many logistic companies found an urge to develop ...

Bidhu Bhushan Palo | @TheDollarBiz Automotive industry accounts for almost 40% of industrial robot demand, but sales to other sectors such as metal working, electronics, and food industry are growing. Sales to pharma and cosmetic industry grew 69% (y-o-y) in 2013, according to World Robotics   Robotics have truly come of age – from toy-like pigmy structures with antennas we saw in movies a few decades ago to industrial arms that manufacture cars, kill Ebola virus, run electricity grids, explore oil reserves and breach borders. BMW’s Dr. Stefan Markus Baginski explains the increasing role of robots in future. He says, "If we look at how extensively our mobile devices are linked together with the telephone network, social platforms and cloud ...