Unprecedented stock control by merging RFID and vision into StockBot

JUDITH VILADOMAT | February 8, 2018 | 44 views

A new technology is now available to be integrated in StockBot. Besides RFID technology and the autonomous robotic navigation, now StockBot can also benefit from having vision cameras. This means that, built upon the robot, there can be RFID antennas, cameras or both systems working together for a maximum stock control unlike anything ever seen.

Spotlight

Madison Logic

Madison Logic’s global account-based marketing (ABM) solution empowers B2B marketers to convert their best accounts faster. By integrating the ML Data Cloud with CRM and marketing automation platforms, intent data, and more than 20 other datasets, marketers execute a unified activation strategy across the funnel with ABM Advertising and ABM Demand Generation to align with sales, accelerate the buyer journey, and drive growth.

OTHER ARTICLES
ENGINEERING TECH

What is Environmental Engineering?

Article | July 13, 2022

Environmental regulations are tightening, resource extraction sites are nearing the end of their useful lives and must be cleaned up, and the list goes on. Environmental engineers are needed to take advantage of these career opportunities in order to ensure that human impact on the environment is sustainable. But exactly what is environmental engineering? What is Environmental Engineering? Environmental engineering entails both the protection of people from the environment and the protection of the environment from people. Environmental engineers, for example, help to protect people's health from the effects of pollution by designing pollution mitigation systems. When an environmental engineer, on the other hand, designs a system that treats waste to ensure that any spills into groundwater are less toxic, they are protecting the environment from the negative effects of humans. Environmental engineers rely on knowledge from a variety of disciplines, including chemistry, geology, physics, biology, soil science, and others, to complete their work; it is a highly interdisciplinary field. In which industries can environmental engineers work? Environmental engineers work in a wide range of industries and for a wide range of companies due to the wide range of tasks they perform. In this section, we will look at some of the most common areas in which they work. Oil, mining, and forestry are all resource industries that have a significant environmental impact. Companies in these industries frequently hire environmental engineers to minimize the impact these industries have on the environment in order to comply with government environmental regulations. For example, in the mining industry, an environmental engineer may be hired to treat mine waste to make it less toxic. Many environmental engineers go on to work for government agencies, assisting in the verification of companies' compliance with environmental regulations and, in some cases, developing environmental regulations themselves. Public infrastructure projects, such as dams and bridges, are another area where environmental engineers are needed. They are required to ensure that the environmental impact of these projects is kept to a minimum. Environmental engineers are responsible for safeguarding the environment against human impact as well as safeguarding humans against any serious negative effects caused by the environment. They can work in the resource industry, government, education, research, environmental clean-up companies, and engineering consulting firms. Environmental engineers are more needed than ever as stricter environmental regulations take effect around the world and there is a greater need to clean up anything that has a significant impact on the environment.

Read More
ENGINEERING TECH

Midyear Deals in Engineering 2022

Article | August 25, 2021

Recent M&A activity has slowed slightly in 2022, owing primarily to economic and geopolitical uncertainty. In the short term, deal activity is expected to remain stable. This continued investment is expected to be driven by capital availability, private equity (PE) investors, and strategic balance sheet strength. Despite a drop in deal volume in the last quarter, deal activity remained consistent with pre-pandemic levels. Volumes in the four quarters ending in the first quarter of 2022 exceeded pre-pandemic levels by 18%. Deal values fell in the last two quarters due to fewer megadeals (deals worth at least $1 billion), as companies became warier of complications arising from government approvals. With the exception of construction machinery, North American activity drove deal volume growth over the last four quarters across all engineering and construction (E & C) subsectors. This region saw a shift toward local, strategic investor transactions, emphasising the impact of global economic headwinds. Prospects for Engineering Transactions Despite headwinds from slowing economic activity, rising interest rates, and cost pressure from rising material costs, increased competition for labor, and ongoing supply chain issues, the outlook for E & C sector deal activity remains positive, driven by the continued availability of capital and bolstered by the Infrastructure Investment and Jobs Act. The recent improvement in the performance of the residential market is expected to continue, owing to historically low interest rates, a housing gap caused by underbuilding over the last decade, the millennial generation entering prime home-buying age, and housing inventory near all-time lows. The non-residential market is expected to expand, but the outlook varies by sector. Transportation, manufacturing, and education are expected to benefit from infrastructure spending, while construction spending on offices and hotels is expected to decline, owing to continued remote working and business travel trends post-pandemic. “E&C deal activity is expected to remain stable due to the Infrastructure Investment and Jobs Act, private equity and corporate dry powder, realignment of end market exposure and acquisition of new technologies to support operations, despite the impact of inflation, supply chain disruption, labor shortages, and the war in Ukraine.” - Danny Bitar, US Engineering and Construction Deals Leader in the United States

Read More
MARKET,ENGINEERING TECH

Industrial Robots Popular for Engineering

Article | July 11, 2022

The report "Global Industrial Robot Market: Analysis by Industry, by Type, by Region, Size and Trends with Impact of COVID-19 and Forecast Up to 2026" valued the global industrial robot market at $33.90 billion in 2021 and projected it to $61.09 billion by 2026. Because of increased productivity and efficiency, lower manufacturing costs, and lower overall product purchase prices. Industry 4.0 has accelerated the development of collaborative robots and artificial intelligence (AI)-enabled robots, allowing industries to streamline processes, increase productivity, and reduce errors. Sectors are investing in robotic systems as the next generation of industrial robots becomes cheaper, autonomous, more mobile, cooperative, and adaptable. During the forecast period of 2022 to 2026, the industrial robot market is expected to grow at a CAGR of 12.50%. The Dynamics of the global industrial robot market Growth Drivers: Automation boosts productivity, raises quality, and decreases errors. Rising automation demand has increased the adoption of robots in various industries, and rising automation demand is a major market driver. The growing electronics industry, rapid installation of industrial robots, high wages, and the growing role of AI in robotics are all expected to drive growth in the industrial robot market. Challenges: The purchase and installation of robots requires significant capital investment, and the benefits provided may take many years to outweigh the initial cost. The high initial investment required for industrial robot-assisted production automation may act as a barrier to the market's growth. Other market challenges include safety concerns and privacy concerns. Trends: The development of collaborative robots, or co-bots, is a growing trend in robotics. Cobots are designed to collaborate with humans and are increasingly being used in industrial applications. Cobots use safety-rated sensors, which allow laborers to work in the same area without being harmed. Other trends that are expected to drive the growth of the engineering industry with the help of robot market during the forecasted period include the use of micro-electromechanical systems (MEMS), the rise of the cloud robotics market, next-generation tech accessories, and job opportunities in industrial robotic advancements.

Read More
MARKET,ENGINEERING TECH

Top Software Engineering Trends That Will Prevail in 2022

Article | July 11, 2022

With the emergence of new technologies and a greater emphasis on customer centricity, businesses are rapidly shifting to intelligent software engineering services to drive innovation across products and services and provide real-life, superior user experiences. Future-ready organizations use next-generation software engineering services wisely to align development requirements with business objectives, accelerate the software lifecycle (from pre-maturity to completion), and optimize software performance. Innovative software engineering solutions can help organizations launch dependable, scalable, and high-quality apps faster, revamp their business models, and build strong and secure IT infrastructures - all while capitalizing on new growth opportunities. Modernization: Customer Centric Apps According to Gartner, by 2022, more than 75% of global organizations will be running containerized applications in production. A container is the entire run-time environment bundled into a single package, including applications, system libraries, configuration files, settings, and other binaries. Containers enable faster development, testing, deployment, and re-engineering of apps across multiple environments, including local laptops, on-premise data centers, and cloud platforms. A Power Up: A Creative Future with Generative AI A new disruptive technology, generative AI, enables organizations to create artifacts that previously required human expertise, allowing for breakthrough innovation in the fields of content, visual arts, design, and other creative activities. In the near future, the technology is expected to revolutionize the field of software engineering. No Code Law: Democratization of Software No code-low code application development platforms will continue to gain traction in organizations. These platforms enable citizen developers – non-technical business users in organizations – to create compelling apps in a more efficient and convenient manner. Rise in Event-Driven Architecture When an event is detected, it is routed through event channels from event producer to event consumer. This allows the services to be decoupled, allowing them to be acted on, scaled, and deployed in a seamless and independent manner. Intelligent software engineering services can be used to launch new products and services in new industries and fields. At Innover, we provide premier software engineering services that assist clients in developing proven, custom applications that customers want, reinventing their core capabilities, and delivering cutting-edge industrial solutions with speed and precision.

Read More

Spotlight

Madison Logic

Madison Logic’s global account-based marketing (ABM) solution empowers B2B marketers to convert their best accounts faster. By integrating the ML Data Cloud with CRM and marketing automation platforms, intent data, and more than 20 other datasets, marketers execute a unified activation strategy across the funnel with ABM Advertising and ABM Demand Generation to align with sales, accelerate the buyer journey, and drive growth.

Related News

ENGINEERING TECH,CONSTRUCTION

Groundbreaking AI Platform Buildots Named "Construction Software of the Year"

Buildots | October 04, 2022

Buildots, which uses artificial intelligence and computer vision to dramatically improve efficiency in the multi-trillion dollar construction industry, has been named "Construction Software of the Year" at the prestigious London Construction Awards. By collecting data with hardhat-mounted 360° cameras and processing the data with AI, Buildots enables construction teams to make informed decisions based on accurate information, significantly improving resource efficiency, reducing costly errors and saving time. The technology is currently in use across the UK, Europe, the United States, the Middle East and Asia. In declaring Buildots "Construction Software of the Year", the judges' panel, comprised of industry experts from leading construction firms and contractor associations, noted the "high standards Buildots have in regard to industry practices and technologies". The award was announced as part of London Build, the UK's leading construction and design show. Buildots has been named one of LinkedIn's Top 15 Israeli Startups for 2021 and 2022, and was previously deemed the "One to Watch Company" at the Construction Computing Awards. The company recently completed a $60 million Series C funding round, reaching $106 million in total funding. "In continually striving to enable better building, we're honored to receive this recognition as we lead the way in using technology to finally bring greater efficiency and transparency to the global construction industry," says -Roy Danon, CEO and co-founder Buildots. About Buildots: Buildots is a Tel Aviv and London-based technology provider leveraging the power of AI and computer vision to modernize the construction industry. Buildots uses hardhat-mounted cameras to capture imaging of every detail of an ongoing project. The data is then analyzed using AI models to transform random visual data into highly accurate, actionable insights that are correlated with the project's designs and schedule. The platform is helping transform construction management, enhance resource efficiency, save management time, and avoid costly errors on construction projects worldwide.

Read More

ENGINEERING TECH,CONSTRUCTION

Cadmatic Acquires Italian Engineering Software Company CLA

Cadmatic | October 03, 2022

The acquisition is a further step in fulfilling Cadmatic’s strong growth strategy, which sees the company more than tripling its size in coming years. EPC contractors and plant owner-operators use CLA’s software to manage piping materials and piping supports, construction sites, multidisciplinary engineering data, online tenders, project planning and plant welding. CLA was established in 2001 and employs 22 staff at its office in Piacenza, 70 km south of Milan. “CLA is a perfect strategic fit for us. They have impressive references, especially in the key area of multinational EPC companies and our offerings have no overlapping functionalities. By integrating CLA’s materials and construction management products with Cadmatic’s design, engineering, and information management solutions, we can offer integrated and advanced functionality and a one-stop-shop to benefit our customers from design to construction and beyond. In addition to the products and customer base, we also gain access to the extensive material and construction management knowledge they have developed over the years, When we see a clear customer need, we either develop the functionalities, products and services ourselves or look at acquiring it outside the company” -Jukka Rantala CEO Cadmatic. CLA COO and deputy CEO Tagliaretti also sees the acquisition as a win-win situation. “When you combine Cadmatic and CLA, you get something greater than the sum of its parts. Cadmatic has traditionally been strong in plant, marine and building design, CLA have general engineering data management applications. Together we form a comprehensive package. CLA have developed a very strong market position in Italy-based multinational industrial companies, but Cadmatic’s large global network means that the integrated solution can be more successful internationally, we make the perfect team.” -Gian MarioTagliaretti,COO and deputy CEOCLA. Cadmatic’s growth strategy envisages a strong position in the European and Indian process and power industries, in the global marine business, and in the locally growing building industry. CLA is the fourth significant technology-based acquisition for Cadmatic in recent years. According to Rantala, organic growth and a high level of in-house R&D and competence, as well as mergers and acquisitions will assist the company in creating top value for its existing and new customers. Last year, our Process and Industry segment grew by over 30%. We are growing organically, but strategic mergers and acquisitions, such as with CLA, are also a cornerstone of our strategy. We are continuously looking for companies that are good strategic fits for our offering and customers. Rantala says that the acquisition is strategy-driven and the result of Cadmatic listening to its customers, being good partners, and providing customers with the software functionality they request. About Cadmatic: Cadmatic is a leading developer of digital and intelligent 3D design and information management software solutions for the power, process, marine, and construction industries. It empowers engineers to build a brighter future and a better world by making the design, engineering, construction and operation of ships, industrial plants and buildings better, faster and easier. Cadmatic has over 6000 customer organizations in 60 countries.

Read More

ENGINEERING TECH,CONSTRUCTION

The Atlanta NECA chapter partners with StructShare to help electrical contractors effectively manage procurement and materials

StructShare | September 30, 2022

Atlanta Electrical Contractors Association (AECA) today announced a partnership with StructShare, the leading provider of purchasing and material management software. StructShare will grant special offers to members of the innovative chapter of the National Electrical Contractor Association (NECA) in the Atlanta region, to enhance effectiveness and accelerate supply chain management and cost tracking. "We seek partnerships with those contractor-focused vendors who we can rely on to offer the best to our members, Our members will benefit greatly from this relationship, We provide our members access to resources that will help them thrive in their business." -Joey Shorter, Executive Director of the AECA. Over the past few years, AECA members have used StructShare to streamline the entire purchasing cycle, connecting the office, the field, the warehouse, and their suppliers on a centralized, mobile, and cloud-based platform. StructShare makes an antiquated and cumbersome process much easier for the field and office by digitizing field requisitions, approval flows, POs, RFQs, deliveries, and invoice reconciliation while integrating all data into the common ERP and project management systems. According to NECA research, processing a single PO costs electrical contractors $42. Taking into consideration the amount of POs generated, this adds up to an undebatable pain that must be solved. AECA member and StructShare customer, Cariboo Industrial Electric has immediately maximized efficiency by eliminating double entry and overhead as well as received inventory visibility, seamless cost tracking, and preventing errors across the entire workflow. StructShare, a powerful purposely-built solution, offers end-to-end procurement, materials, inventory, and costs management. The flexible system is used by subcontractors of all sizes from $1-million in revenue to some of the largest in the country. "After working with the AECA team and members for a long time, I am excited to officially establish the partnership and provide the members with a tailored solution to their needs." -Or Lakritz Co-Founder and CPO, StructShare. AECA has a reputation of providing members with outstanding benefits and services including safety classes, professional and leadership development, education and training, as well as networking events. StructShare contributes to these efforts with technology and procurement education. We are honored to be a part of AECA, states StructShare CEO and co-founder, Arik Davidi. We've enjoyed the work with our Atlanta-area customers and look forward to bringing the same success to others in the region. About Atlanta Electrical Contractors Association: AECA is the leading, professional trade association representing, promoting, and advancing the electrical contracting industry in Georgia since 1929. AECA leads the industry in the practical application of new and emerging technologies in the construction industry and the public it serves. About StructShare: StructShare is a construction software company based in Austin, Texas and Tel Aviv, Israel, building digital solutions for specialty contractors to maximize efficiency and reduce costs.

Read More

ENGINEERING TECH,CONSTRUCTION

Groundbreaking AI Platform Buildots Named "Construction Software of the Year"

Buildots | October 04, 2022

Buildots, which uses artificial intelligence and computer vision to dramatically improve efficiency in the multi-trillion dollar construction industry, has been named "Construction Software of the Year" at the prestigious London Construction Awards. By collecting data with hardhat-mounted 360° cameras and processing the data with AI, Buildots enables construction teams to make informed decisions based on accurate information, significantly improving resource efficiency, reducing costly errors and saving time. The technology is currently in use across the UK, Europe, the United States, the Middle East and Asia. In declaring Buildots "Construction Software of the Year", the judges' panel, comprised of industry experts from leading construction firms and contractor associations, noted the "high standards Buildots have in regard to industry practices and technologies". The award was announced as part of London Build, the UK's leading construction and design show. Buildots has been named one of LinkedIn's Top 15 Israeli Startups for 2021 and 2022, and was previously deemed the "One to Watch Company" at the Construction Computing Awards. The company recently completed a $60 million Series C funding round, reaching $106 million in total funding. "In continually striving to enable better building, we're honored to receive this recognition as we lead the way in using technology to finally bring greater efficiency and transparency to the global construction industry," says -Roy Danon, CEO and co-founder Buildots. About Buildots: Buildots is a Tel Aviv and London-based technology provider leveraging the power of AI and computer vision to modernize the construction industry. Buildots uses hardhat-mounted cameras to capture imaging of every detail of an ongoing project. The data is then analyzed using AI models to transform random visual data into highly accurate, actionable insights that are correlated with the project's designs and schedule. The platform is helping transform construction management, enhance resource efficiency, save management time, and avoid costly errors on construction projects worldwide.

Read More

ENGINEERING TECH,CONSTRUCTION

Cadmatic Acquires Italian Engineering Software Company CLA

Cadmatic | October 03, 2022

The acquisition is a further step in fulfilling Cadmatic’s strong growth strategy, which sees the company more than tripling its size in coming years. EPC contractors and plant owner-operators use CLA’s software to manage piping materials and piping supports, construction sites, multidisciplinary engineering data, online tenders, project planning and plant welding. CLA was established in 2001 and employs 22 staff at its office in Piacenza, 70 km south of Milan. “CLA is a perfect strategic fit for us. They have impressive references, especially in the key area of multinational EPC companies and our offerings have no overlapping functionalities. By integrating CLA’s materials and construction management products with Cadmatic’s design, engineering, and information management solutions, we can offer integrated and advanced functionality and a one-stop-shop to benefit our customers from design to construction and beyond. In addition to the products and customer base, we also gain access to the extensive material and construction management knowledge they have developed over the years, When we see a clear customer need, we either develop the functionalities, products and services ourselves or look at acquiring it outside the company” -Jukka Rantala CEO Cadmatic. CLA COO and deputy CEO Tagliaretti also sees the acquisition as a win-win situation. “When you combine Cadmatic and CLA, you get something greater than the sum of its parts. Cadmatic has traditionally been strong in plant, marine and building design, CLA have general engineering data management applications. Together we form a comprehensive package. CLA have developed a very strong market position in Italy-based multinational industrial companies, but Cadmatic’s large global network means that the integrated solution can be more successful internationally, we make the perfect team.” -Gian MarioTagliaretti,COO and deputy CEOCLA. Cadmatic’s growth strategy envisages a strong position in the European and Indian process and power industries, in the global marine business, and in the locally growing building industry. CLA is the fourth significant technology-based acquisition for Cadmatic in recent years. According to Rantala, organic growth and a high level of in-house R&D and competence, as well as mergers and acquisitions will assist the company in creating top value for its existing and new customers. Last year, our Process and Industry segment grew by over 30%. We are growing organically, but strategic mergers and acquisitions, such as with CLA, are also a cornerstone of our strategy. We are continuously looking for companies that are good strategic fits for our offering and customers. Rantala says that the acquisition is strategy-driven and the result of Cadmatic listening to its customers, being good partners, and providing customers with the software functionality they request. About Cadmatic: Cadmatic is a leading developer of digital and intelligent 3D design and information management software solutions for the power, process, marine, and construction industries. It empowers engineers to build a brighter future and a better world by making the design, engineering, construction and operation of ships, industrial plants and buildings better, faster and easier. Cadmatic has over 6000 customer organizations in 60 countries.

Read More

ENGINEERING TECH,CONSTRUCTION

The Atlanta NECA chapter partners with StructShare to help electrical contractors effectively manage procurement and materials

StructShare | September 30, 2022

Atlanta Electrical Contractors Association (AECA) today announced a partnership with StructShare, the leading provider of purchasing and material management software. StructShare will grant special offers to members of the innovative chapter of the National Electrical Contractor Association (NECA) in the Atlanta region, to enhance effectiveness and accelerate supply chain management and cost tracking. "We seek partnerships with those contractor-focused vendors who we can rely on to offer the best to our members, Our members will benefit greatly from this relationship, We provide our members access to resources that will help them thrive in their business." -Joey Shorter, Executive Director of the AECA. Over the past few years, AECA members have used StructShare to streamline the entire purchasing cycle, connecting the office, the field, the warehouse, and their suppliers on a centralized, mobile, and cloud-based platform. StructShare makes an antiquated and cumbersome process much easier for the field and office by digitizing field requisitions, approval flows, POs, RFQs, deliveries, and invoice reconciliation while integrating all data into the common ERP and project management systems. According to NECA research, processing a single PO costs electrical contractors $42. Taking into consideration the amount of POs generated, this adds up to an undebatable pain that must be solved. AECA member and StructShare customer, Cariboo Industrial Electric has immediately maximized efficiency by eliminating double entry and overhead as well as received inventory visibility, seamless cost tracking, and preventing errors across the entire workflow. StructShare, a powerful purposely-built solution, offers end-to-end procurement, materials, inventory, and costs management. The flexible system is used by subcontractors of all sizes from $1-million in revenue to some of the largest in the country. "After working with the AECA team and members for a long time, I am excited to officially establish the partnership and provide the members with a tailored solution to their needs." -Or Lakritz Co-Founder and CPO, StructShare. AECA has a reputation of providing members with outstanding benefits and services including safety classes, professional and leadership development, education and training, as well as networking events. StructShare contributes to these efforts with technology and procurement education. We are honored to be a part of AECA, states StructShare CEO and co-founder, Arik Davidi. We've enjoyed the work with our Atlanta-area customers and look forward to bringing the same success to others in the region. About Atlanta Electrical Contractors Association: AECA is the leading, professional trade association representing, promoting, and advancing the electrical contracting industry in Georgia since 1929. AECA leads the industry in the practical application of new and emerging technologies in the construction industry and the public it serves. About StructShare: StructShare is a construction software company based in Austin, Texas and Tel Aviv, Israel, building digital solutions for specialty contractors to maximize efficiency and reduce costs.

Read More

Events