As per a PwC survey, around 60 % of the workforce are worried that automation may put their jobs at risk, The survey of 32,500 employees across 19 countries also revealed that 48 % are fearful that ‘traditional employment won’t be around in the future’. Adding to the sentiments, another 39% think that their job will be obsolete in the next 5 years. On the positive side, 40 % of those surveyed have improved their digital skills during the lockdown.
Automation Anywhere and Google Cloud have joined hands to develop AI and RPA powered solutions, bring RPA capabilities to Google Cloud products, and align people to help businesses scale RPA capabilities. Automation Anywhere’s RPA capabilities will be integrated with services like Apigee, Appsheet, and AI Platform. Its ‘Automation 360’ platform will be available on Google Cloud. Automation Anywhere has so far deployed over 2.8 mn bots to enterprises.
Robotic process automation (RPA) has been considered important for driving digital transformation by 96% of decision-makers, according to a report by Blue Prism, a UK-based RPA company. About 84% of business decision-makers see RPA as a solution to global productivity problems. RPA is used to streamline enterprise ops and reduce costs by automating processes, which enables business users to devote more time to serving customers.
According to an IDC study, nearly 50% of businesses in India will introduce RPA by 2024. Triggered by COVID-19, RPA adoption will increase by 57% within a year. Indian firms first priority is to adopt automation for increased security and overall governance of processes. IDC surveyed more than 1,600 customers and revealed that the pandemic pushed the companies in the direction of digital transformation – and RPA adoption.
Ola has tasked ABB with robotics and automation solutions for its e-scooter factory in Tamil Nadu, which is expected to be up and running soon. ABB’s automation solutions will be deployed in factory’s key manufacturing process, painting and welding lines. While Robots will be deployed in the battery and motor assembly lines. Ola’s proprietary AI Engine and tech stack will power the factory.
COVID-19 pandemic has caused a rise of financial anxiety and stress among business leaders by 186 % and sadness grew by 116 %; consumer financial anxiety and stress doubled and sadness increased by 70%, said a study by Oracle and personal finance expert Farnoosh Torabi. The survey, in which over 9,000 consumers and business leaders across 14 countries including India participated, said that 83 % India’s trust a robot over human to manage finances.
UiPath, an RPA firm, has appointed Anil Bhasin, former VP of India & SAARC at Palo Alto, as MD and VP, India, and South Asia replacing Manish Bharti. Bhasin would help in adoption of automation to accelerate digital transformation across various industry verticals and sectors. He would be closely working with Rick Harshman- Senior VP and MD- Asia Pacific, Japan. UiPath recent secured $750 mn in Series F funding valuing the firms at $35 bn.
Walmart is planning to use robots to keep up with a rise in online orders. It is planning to build warehouses at its stores where self-driving robots will collect groceries and build the order in an hour to less to make them ready for shoppers to pick up. A year ago Walmart has started testing the robots at a store in Salem, New Hampshire. The retailer aims to speed up orders that are brought outside to shoppers’ cars as virus-weary shoppers avoid going inside stores.
Hong Kong-based Hanson Robotics said it would start rolling out four models, including Sophia, out of factories in the H1 of 2021. The firm aims to tap the pandemic driven new opportunities for the robotics industry as it believes that robotic solutions are not limited to healthcare, but could assist in industries like retail and airlines too. Hanson aims to sell “thousands” of large and small robots in 2021.