AI

The global robo advisory market is expected to grow from $18.71 billion in 2021 to $28.10 billion in 2022 at a compound annual growth rate (CAGR) of 50.20%. The market is expected to reach $135.11 billion in 2026 at a CAGR of 48.08%, according to the report “Robo Advisory Global Market Report 2022” from ResearchAndMarkets.com.

This year’s “Award for Innovation and Entrepreneurship in Robotics & Automation” (IERA) goes to Drishti, a video analytics company based in Mountain View, California. Drishti technology supports workers on assembly lines to avoid errors and be more productive. To achieve this, the company has developed the pioneering technology “action recognition”.

At the European Robotics Forum (ERF), which kicked off yesterday in Rotterdam, a broad range of topics related to robotics was discussed by representatives of science, business and public sector. In this interview with Rocking robots Bernd Liepert, president of euRobotics, discusses trends in robotics, the world class robotics start-up ecosystem in Europe and the crucial role of SMB.

At Automatica this week ABB launched two products under the new OmniVance brand: OmniVance FlexArc Compact Cell and the OmniVance Machining Cell and Software. OmniVance consists of standardized, ready-to-deploy application cells that deliver modular production, simple programming and set-up. OmniVance FlexArc Compact Cell is used for welding, while OmniVance Machining Cell increases productivity in up to eight different applications.

This week Amsterdam hosted the largest automation event in Europe: UiPath Together 2022. A broad range of topics related to automation was presented to the people attending, showing automation at this stage is far more then just RPA. A growing number of organizations is not just scaling their software robots, but actually innovating with technologies like AI, machine learning, document understanding and process mining.

A UK healthcare AI company says winning the ‘Nobel Prize’ in biopharmaceutical research for its X-ray analysis algorithm is important proof of the scientific validity of using Machine Learning in diagnosis.

AMP Robotics, provider of AI, robotics, and infrastructure for the waste and recycling industry, continues to expand its presence in Europe to meet the demand for its AI and automation solutions and provide dedicated local support and service for the market. The company is exhibiting at IFAT 2022, May 30-June 3 in Munich, for the first time.

Robotics, 5G and art: during the month of May visitors to the Turin’s art museums, Turin Civic Gallery of Modern and Contemporary Art (GAM) and Turin City Museum of Ancient Art (Palazzo Madama), had the opportunity to be part of various experiments based on 5G-network technology. Interactive technologies and robots were the focus of an innovative enjoyment of the art collections, with a great appreciation from the public.

Part of the content attendees of Together Amsterdam 2022 get to see is some revolutionary innovation in automation, especially as it comes to robots as a service, cloud, artificial intelligence and machine learning. One of the presenters on this topic will be Bogdan Ripa, VP Product Management at UiPath. Rocking Robots sat down with him to discuss the new ways business users can interact with robots.

The University of Liverpool’s Digital Innovation Facility (DIF), a £12.7 million Centre of Excellence in emerging digital technologies, has officially opened. The 1500 M2 facility includes state of the art laboratories featuring cutting edge equipment and highly skilled support to facilitate enhanced access for businesses and organisations that wish to collaborate with University experts across multiple technology areas including virtual reality, robotics, artificial intelligence, data science, simulation and data modelling.