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In Singapore, HR & People Engagement

Paradox Named to Third Consecutive Inc. 5000 List — Growing by More than 720% Since 2020

Paradox, the conversational recruiting software helping companies like Unilever, Nestlé, Pfizer, and General Motors automate recruiting work to make the hiring process more efficient, was named to the Inc. 5000 for the third consecutive year — achieving the honor with a 720% three-year growth rate, highest among recruiting technology companies. The list, published annually by Inc. Magazine, recognizes the fastest-growing private companies in the United States and celebrates their outstanding achievements in business development and innovation.

Paradox debuted on the Inc. 5000 list in 2021 and was also recognized on the Deloitte Fast 500 list in 2022 and 2023. While those achievements celebrate the company’s growth, Paradox founder and CEO Aaron Matos said they’re simply the result of focusing on something far more important.

“Recognition like this is nice, but we’ve always benchmarked our success by a simpler metric: Our client’s success, specifically, our ability to solve real, meaningful problems for them in transformative ways,” said Matos. “This company has come so far from the early days of a dream and an idea — that Conversational AI and automation could change enterprise software — and we still have a long way to go to reach that vision. But, I’m so proud of the team we’ve built and the clients we have the opportunity to partner with every single day.”

First launched in 2016, Paradox’s conversational software is underpinned by a smart AI assistant that acts as a concierge throughout the hiring process — automating time-stealers and points of friction to create world-class experiences that drive higher candidate conversion and dramatically improve recruiter and hiring manager efficiency.

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In Singapore, HR & People Engagement

Breaking the trust barrier: Accredify’s journey to secure digital interactions

In our increasingly digitized world, the manner in which we exchange information has evolved from traditional pen and paper to the utilization of digital data, facilitated by the internet.

While these advancements offer efficiency, speed, and accessibility, digital interactions are typically hindered by a lack of trust. To preserve data integrity, verification is required, usually through methods involving multiple parties, and this can result in inefficiencies.

When Zheng Wei Quah, co-founder and CEO of Accredify, recognized this challenge, he decided to embark on a journey to transform the landscape of digital interactions.

Implementing blockchain technology for real-world cases

Quah’s first blockchain venture, Ceito, aimed at aiding businesses in leveraging blockchain technology for optimizing supply chain management and commodities trading. In 2017, he ventured into a new chapter together with his co-founders, taking the strategic step of establishing Accredify, in response to the evolving landscape that witnessed a transition from service-centric to product-centric enterprises.

According to Quah, one of the significant challenges they encountered was the scarcity of available information and resources about blockchain technology at that time.

“We’re accustomed to leveraging resources like Stack Overflow and other tools to search for solutions to our challenges. However, back then, the situation was quite different. Tasks such as customizing specific Ethereum components to align with our use case posed significant challenges. The answers to these questions weren’t readily available, leading us to recognize the need to invent our own solutions,” Quah said.

Furthermore, the concept of blockchain was relatively new, and Quah found himself needing to explain granular technical details. Controversies such as the crash of the Terra Luna cryptocurrency and the FTX centralized exchange did not deter their efforts.

Support from government entities, universities, and its clients helped people learn to distinguish between firms offering real-world applications like Accredify, and cryptocurrencies. This provided strong evidence that the company is here for the long haul.

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In HR & People Engagement, Singapore

Conversational AI in Recruitment

hrtech, the Singapore-headquartered HR Technology Analyst firm, recently announced the launch of an HR Guide titled “Conversational AI in Recruitment” to address the need for automation that simplifies and streamlines the candidate experience, while saving hours of repetitive work for recruiters every day. The guide was produced in partnership with Paradox, the conversational hiring platform helping global employers like Unilever, Nestle, McDonald’s, and General Motors transform hiring with mobile-first automation.

The idea behind the HR guide stems from the fact that there has been a drastic change in the way organizations and employees approach business processes. Digital transformation has been the topmost priority for organizations wanting to enhance business proficiency and candidate experience. Today, candidates want a consumer-grade experience at their workplace and expect the hire-to-retire journey to be digitally seamless and efficient. Candidates also expect multi-channel accessibility to connect with recruiters — and instant access to information throughout the hiring process. This is where Conversational AI proves to be a great aid for recruiters.

The HR guide intelligently brings rest to all the myths surrounding Conversational AI and maps out the differences between traditional recruitment techniques and Conversational AI-led recruitment. To harness the full potential of Conversational AI, the HR guide validates that organizations can integrate this technology into their recruitment tech stack, including Applicant Tracking System (ATS), job boards, CRM, assessments, recruitment marketing tools, and more.

The HR guide brings to light the success stories of global organizations that have deployed Conversational AI to enhance their recruitment function. The detailed case studies about the United Overseas Bank Limited (UOB), McDonald’s, and a non-profit healthcare organization will help you understand how Paradox helped them improve their recruitment function and enhance the candidate experience using Conversational AI.

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In Sustainability, Announcements, IoT Startup program, Singapore, Featured

SAP.iO Foundry Singapore Kicks Off Intelligent Sustainable Enterprise Program

23 May, 2023 — SAP SE (NYSE: SAP) and Singapore’s Infocomm Media Development Authority (IMDA) have launched the Intelligent Sustainable Enterprise program, a 6-month program focused on supporting tech startups to build innovative solutions for businesses in the following areas: 5G, internet of things (IoT), robotics, data analytics and augmented, virtual, or mixed reality (AR/VR/MR).

As we continue to navigate the challenges of a highly disruptive and rapidly evolving world, it is becoming increasingly important for businesses to not only be profitable, but also sustainable and intelligent. By using innovative technology, enterprises can make informed decisions and respond to market changes quickly. Companies that are more agile and intelligent in their decision-making processes are best positioned for long-term success in today’s competitive business landscape. 

“As one of the fastest-growing regions in the world, South East Asia is a hotbed of innovation and a hub for startups. With its diverse and dynamic economy, rich culture, and young, digitally savvy population, the region presents immense opportunities for businesses to grow and thrive. At SAP, we are committed to supporting co-innovation, and are excited to collaborate with IMDA to create a vibrant ecosystem for startups to achieve their goals,” said Verena Siow, President and Managing Director, South East Asia at SAP.

Highlighting the importance of sustainability of tech solutions within the business and to the environment, 9 startups have been selected by a jury of experts from SAP and IMDA, as well as selected SAP customers to join the program. The selected startups will gain opportunities to work with leading corporates and end users to demonstrate real-world applications of innovative technology to address challenges across various industries.

Through the Intelligent Sustainable Enterprise Program, the selected startups will be given resources and support to commercialise their innovative tech solutions with access to:

  • Dedicated mentorship by the teams at SAP and IMDA;
  • SAP’s enterprise customers and IMDA’s network of corporates, startups and industry partners;
  • SAP’s technology and application programming interfaces (APIs);
  • Resources in 5G, AR, VR and a panel of consultants on subjects such as design thinking, digital storytelling and UI/UX at IMDA’s innovation hub – PIXEL*

Where relevant, selected startups may enrich their own catalogue of services and offerings by participating in IMDA’s programmes – ranging from 5G, artificial intelligence (AI), trust tech to open innovation platform challenges.

“Innovation plays a critical role in today’s competitive landscape, and we believe in building the ecosystem alongside our partners. With the Intelligent Sustainable Enterprise program, in collaboration with SAP, we will bring in IMDA’s innovation, tech resources, business networks, and leverage SAP’s expertise, to accelerate the growth of our tech startups globally,” said Justin Ang, Assistant Chief Executive of Singapore’s Infocomm Media Development Authority (IMDA).

*PIXEL supports corporates and startups in digital innovation through customised consultation to identify opportunities and develop tech products based on their unique business needs. Powered by the Open Innovation Platform (OIP), corporates can crowdsource for innovative solutions from IMDA’s global network of over 12,000 solution providers. One of the top launchpads in South East Asia, PIXEL also houses specialised labs including AR/VR, 5G, usability testing, as well as co-working spaces. 

The following startups are participating in the program:

  1. Ackcio builds wireless monitoring systems to make industrial operations smarter and faster.
  2. Delta Capture effortlessly manages the sustainability of agriculture supply chain
  3. Intangles transforms fleet monitoring standards by leveraging on their proprietary digital twin technology.
  4. QZense helps companies optimize food supply chain operations with their IoT-based automation and analytics solutions.
  5. Scoutbee provides actionable supplier insights for better business outcomes powered by the Scoutbee Intelligence Platform.
  6. SkyMap provides location-based data analytics to deliver sustainability related geospatial AI applications at scale.
  7. Unbox Robotics elevates fulfillment for digital commerce with intelligent vertical robotic sortation.
  8. UNL Global enables businesses to build highly scalable, hyperlocal services and applications with their mapping, location, and data tools.
  9. xSquare leverages intelligent warehouse automation technology to optimize warehouse operations without changing existing configurations.

For program developments and opportunities to participate in innovation workshops with the selected startups, refer to the updates on https://sap.io/sgp-23/ .

About SAP.iO
SAP.iO curates a relevant and diverse startup ecosystem that extends the value of SAP solutions and meets the continuously evolving needs of our customers. Our programs provide dedicated support to the most promising startups as they launch and scale relationships with SAP and our global network of customers, partners, and employees. Since 2017, we have connected thousands of SAP customers with innovative enterprise software startups, helping them find solutions to their unique needs. For more information, visit http://sap.io/.

About Infocomm Media Development Authority
The Infocomm Media Development Authority (IMDA) leads Singapore’s digital transformation by developing a vibrant digital economy and an inclusive digital society. As Architects of Singapore’s Digital Future, we foster growth in Infocomm Technology and Media sectors in concert with progressive regulations, harnessing frontier technologies, and developing local talent and digital infrastructure ecosystems to establish Singapore as a digital metropolis.

For more news and information, visit www.imda.gov.sg or follow IMDA on LinkedIn (IMDA – Singapore), Facebook (IMDAsg), Instagram (@IMDAsg) and Twitter (@IMDAsg).

For more information, please contact:

SAP.iO
Steven Tong
Director, SAP.iO Foundry Singapore
steven.tong@sap.com 

Infocomm Media Development Authority (IMDA)
Elsa Kimy Yue
Communications Division
+65 8338 8942 | elsa_kimy_yue@imda.gov.sg

In Singapore, HR & People Engagement

Paradox Launches Industry-First Conversational ATS to Revolutionize High-Volume Hiring with Chat- and Text-Driven Automation

Paradox, the conversational hiring software helping global employers like Unilever, Nestle, L’Oreal, CVS Health, and General Motors transform hiring with automation that gets recruiting work done faster, today announced the launch of its Conversational ATS. Designed from the ground-up to completely reimagine the high-volume hiring process, the product obsessively focuses on delivering the best frontline candidate and hiring manager experience in the world.

Underpinned by a conversational UI that makes engagement feel simple and seamless, Paradox’s ATS automates things like screening for requirements, interview scheduling, reminders, offers, new hire onboarding, and more. The product is already helping global clients dramatically reduce time-to-hire to hours or days, instead of weeks — and deliver frictionless experiences that candidates love.

“We didn’t want to build just another ATS — so, we didn’t,” said Paradox founder and CEO Aaron Matos. “Our mission has always been to help our clients get work done faster, so they can spend more time with people, not software. We believe at our core that conversational experiences will become the new enterprise user interface, and this is a step in the right direction in the journey to change that paradigm. “

For companies that partner with large enterprise ERP and HCM platforms like Workday or SAP, Paradox is also launching high-volume solutions built to work alongside those systems — allowing clients to see all the benefits of conversational automation and high-volume hiring, without needing to switch their ATS to see those benefits.

“We’ve had the pleasure of working alongside some of Paradox’s clients in our research to understand how conversational software is transforming talent acquisition — and the impact we’ve seen it have on those organizations is truly remarkable,” said Janet Mertens, Senior Vice President of Research at The Josh Bersin Company. “Finding and retaining talent today is a huge challenge for most companies, and using the old tricks isn’t the answer anymore. Paradox is thinking differently about how to solve for the future and helping organizations leverage creative new solutions to address the talent shortage.”

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In Tokyo, Singapore, HR & People Engagement

Four Companies Collaborate to Support DX in Manufacturing

Fujitsu, Kawasaki Heavy Industries Ltd., SAP Japan Co., Ltd. and Skillnote Corporation plan to collaborate on the development of platform services supporting digital transformation (DX) in the manufacturing industry, with a focus on the manufacturing of aircraft, railways, ships and large machinery.

Finding ways to respond flexibly to rapid changes in the global economy, including a dramatic reduction in the working age population in many developed countries, represents an ongoing challenge for the manufacturing industry.

To this end, the demand for measures to ensure business continuity throughout the supply chain and to standardize and systemize technologies and skills is gaining increasing importance.

Many on-site production management tasks still rely on manual labor, however, and especially small and medium-sized manufacturers often face barriers to DX adoption, including trouble securing skilled workers and difficulty in calculating the return on investment.

There also remain concerns that the local digitization and systematization of individual companies may create organizational silos that hinder overall optimization of the entire supply chain and operations linked to the engineering chain.

To address these challenges and to provide a basis for efficient, continuous high-quality manufacturing by using common data and information, Fujitsu, Kawasaki Heavy Industries, SAP Japan and Skillnote plan to develop manufacturing platform services “co-created” with users.

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In Foundries, Singapore, Featured, Announcements

SAP.iO Foundry Singapore and HCLTech Launch Intelligent Enterprise Program

November 25, 2022 — SAP SE (NYSE: SAP) and HCLTech launched a virtual startup program focused on the Intelligent Enterprise at SAP.iO Foundry Singapore. Five international startups have been selected by a jury of experts from SAP and HCLTech to join the program. These startups are building innovative solutions for companies in the following areas: Industry 4.0, sustainability, and the metaverse.

The long-term future of companies depends on their ability to proactively respond to today’s challenging, unprecedented market conditions. To compete in a highly disruptive and rapidly evolving world, companies must be able to rewire their organizations to create efficient, automated business processes – applying advanced technologies to transform static, siloed processes into agile, intelligent workflows.

“Asia is home to some of the most innovative countries in the world. Along with a huge and rapidly growing young talent pool, we are also seeing significant investments flowing into the region, making it a hotbed for startup innovation, said Paul Marriott, President, SAP Asia Pacific and Japan. “Through this collaboration with HCLTech, we are bringing together the right technology, support, and insight to further accelerate startup innovation and introduce game-changing solutions – especially in the areas most essential in building future-readiness – to more of our customers, more quickly.”

The 13-week program, in collaboration with HCLTech’s SAP Ecosystem Unit and eSTiPTM, its flagship open innovation platform and program, offers startups access to curated mentorship from SAP and HCLTech executives, exposure to SAP® technology and application programming interfaces (APIs), and opportunities to collaborate with SAP and HCLTech customers around the world.

“HCLTech is a catalyst for change, and our commitment to innovation only strengthens with this program that we are driving in collaboration with SAP.iO. We jointly aspire for accelerated growth for our customers, leveraging niche and meaningful innovations. We are keen to establish our thought leadership in the areas of sustainability and Industry 4.0, and this collaboration is a step towards that”, said Kalyan Kumar, Chief Technology Officer and Head, Ecosystems at HCLTech. 

The following startups are participating in the program:

  1. H3 Dynamics combines machine learning, remote telerobotics and off-grid capabilities for drone services that can deploy and manage commercial condition monitoring, security and safety solutions.
  2. DeepBrain specializes in humanizing digital customer service and bridging the gap between enterprises and their customers.
  3. Invigilo enhances workplace safety culture by enabling real-time and continuous monitoring using AI-video analytics.
  4. WeavAir enables companies to measure carbon emissions based on energy consumed by real estate and transportation assets.
  5. Versafleet automates modern supply chains with route optimization, electronic proof-of-delivery, instant notifications and real-time job-status tracking.

For program developments and opportunities to participate in innovation workshops with the selected startups, look out for updates on https://sap.io/sgp-f22/.

About HCLTech

HCLTech is a global technology company, home to 219,000+ people across 54 countries, delivering industry-leading capabilities centered around digital, engineering and cloud, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services. Consolidated revenues as of 12 months ending September 2022 totaled $12.1 billion. To learn how we can supercharge progress for you, visit hcltech.com.

About SAP.iO

SAP.iO delivers new partnerships and products for SAP by accelerating and scaling startup innovation as well as incubating employee ventures. SAP.iO brings together innovators from every region, industry, and line of business to transform how businesses run. Since 2017, SAP.iO has helped 450+ external startups and internal ventures accelerate their growth while enabling thousands of SAP customers to access innovation. For more information, visit http://sap.io/.

In Singapore, HR & People Engagement

Skillnote Goes Global with Manufacturing Skills Management on SAP Store

When you fire up your laptop or switch on your car, you probably don’t think much about the manufacturing involved in these great inventions of modern life or the human skills required to produce them. Sure, automation and robotics and all manner of technology are employed; but it’s people with specialized capabilities that are the brains behind it. This is the domain of Skillnote, a popular app on SAP Store that helps manufacturers manage employee skills, qualifications, and certifications. Why is this such a big deal? In short, because precise skills and training management are necessary to meet customer requirements and international standards for quality assurance. That’s how manufacturers ensure that your indispensable devices work reliably as finely tuned machines.

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In Singapore, Funding Announcement

Delivery Hero Ventures backs Staple’s seed round

Staple, a SaaS data management firm based in Singapore, has raised an undisclosed amount in seed funding from Delivery Hero Ventures.

The company, founded in 2018 by its CEO Ben Stein and Josh Kettlewell, helps businesses automate document processing using AI.

According to Stein, Staple’s software interprets and reorganizes data, helping companies deal with large volumes of unstructured information such as transactional documents and tax filings when communicating with other organizations.

The firm currently serves a diverse set of enterprises – financial institutions, online grocery retailers, and professional services firms.

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In Singapore, Sustainability

iO in Style: The SAP Fashion Customer Council Recap

The latest SAP Fashion Customer Council took place online on April 7th, 2022, where 25 of SAP’s strategic customers in fashion came together to discuss the industry’s latest innovations and pain points, with sustainability front and center on the runway. SAP.iO startups CarbonClick and Shippeo were chosen to present their comprehensive solutions that are solving SAP fashion customers’ biggest challenges, and most importantly, shared how their solutions are leading the way to a more sustainable future.

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In Singapore, Funding Announcement, HR & People Engagement

wagely nets additional $8.3m in oversubscribed pre-series A funding

wagely, Asia’s fastest-growing financial wellness platform has raised $8.3 million in an oversubscribed pre-series A funding as the company scales its platform to help workers access their earned salaries on demand in Indonesia and Bangladesh. The funding comes in just seven months after securing its seed funding.

The oversubscribed round was led by East Ventures (Growth Fund) with participation from existing backers, including Integra Partners, the Asian Development Bank, Global Founders Capital, Trihill Capital, Blauwpark Partners, and 1982 Ventures which brings the total funding raised to $14 million in less than two years.

wagely also disclosed that it secured the backing of Central Capital Ventura, the VC arm of Indonesia’s largest private bank, Bank Central Asia (“BCA”). The investment into wagely underpins the commitment to expand the digital financial ecosystem and drive financial wellness solutions across Indonesia.

With stagnant incomes, rising costs of living, and lack of savings, workers are under daily pressure staying afloat financially. The options for this segment are very limited when faced with an urgent need for cash. The result is a vicious cycle of repeated reliance on payday loans and other costly financial products leading to omnipresent financial stress among the workforce. Launched in 2020, wagely is building a holistic financial wellness platform with earned wage access (“EWA”) at its core that lets workers of partner employers access their earned wages in real-time. The concept, which has been proven in several markets across the globe, has been adopted by some of the most renowned organizations, including Walmart, Pizza Hut, and Visa, to reduce turnover, enhance productivity, and increase business savings.

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In Singapore, Supply Chain Management

Sustainable AI Turns Small Data Into Huge Results For Manufacturers And Researchers

Sparse modeling AI is edging out traditional deep learning to become the technology of choice for product manufacturers and medical researchers because it ticks off all the boxes for modern quality control: explainability, energy efficiency, and speed. Just ask some of the customers from Hacarus, a Japan-based startup that’s developed a standout AI-fueled visual inspection solution.

“Sparse modeling AI is a surprising revelation for our clients that need to innovate faster while meeting high-quality standards, whether it’s electric vehicles, luxury watches, or drug discovery,” said Kenshin Fujiwara, CEO and founder of Hacarus. “They’re amazed at how we’re tackling traditional AI’s dirty secret, reducing the high energy costs of data collection and training, which saves time and our planet’s resources.”

A green, explainable AI alternative

According to some studies, training a single AI model using traditional machine learning (ML) can equal the carbon emissions of five cars across their entire lifecycles. That’s because ML algorithms attempt to “understand” every detail gleaned from huge amounts of data from scratch. In contrast, sparse modeling doesn’t require training from tens of thousands of images to yield a strong model for prediction. Because it starts with built-in assumptions, restrictions, and hypotheses, sparse modeling saves time by ignoring what’s already known. This reduces computational time and energy consumption.

On the factory floor, manufacturers need far fewer samples of both good and bad product parts to train the AI model, speeding up visual product inspections to detect defects and anomalies without sacrificing sustainability. Inside research labs, sparse modeling yields more explainable AI. For example, scientists exploring new drug treatments can more easily distinguish chemical compound reactions. In one pilot project with a pharmaceutical company in Japan, Hacarus’ solution performed 56 times faster than a deep learning algorithm.

“Sparse modeling is ideal for any precision engineering equipment or research company developing advanced products with less data,” Fujiwara. “Electric vehicle parts are a great example because it’s a brand new sector. Automakers and suppliers can create a reliable, AI-based model with as little as 20 images. It delivers the equivalent results of deep learning in a fraction of the time and energy.”

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In Foundries, Singapore, HR & People Engagement

SAP Startup Spotlight: Accredify

Quah Zheng Wei is the Chief Executive Officer and co-founder of Accredify. Zheng Wei leads the team in establishing the company’s strategic vision and direction, focusing on business development, partnerships, and sales. He started his career in BNP Paribas Investment Banking where he worked on corporate finance deals in the Energy and Natural Resources team. He later joined FOMO Pay, a payments fintech startup as the Chief Partnership Officer, and helped them grow from 120 to 2000 clients within 12 months. In this interview, he talks about what Accredify has to offer, how its solution works, and what’s next for the startup.

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In Funding Announcement, Supply Chain Management, Singapore

Smart IoT tracking startup Tag-n-Trac launches with $10M in new funding

“Internet of things” tracking startup Tag-n-Trac Inc. today launched out of stealth with $10 million in new funding.

Dell Technologies led the Series A round, with Merck Global Innovation Fund and Aerosafe Global also participating. Including the new funding, Tag-n-Trac has raised $11.8 million to date, according to data from Crunchbase.

Founded in 2020, Tag-n-Trac was founded with the goal of modernizing the entire logistics lifecycle. The company offers a full-stack IoT solution that integrates multiple modes of hardware, software and data technology to build smarter solutions that solve complex problems. The founding team consists of senior executives with engineering leadership experience in WiFi, Bluetooth, sensors and positioning technologies.

Tag-n-Trac says its platform offers complete, real-time visibility into the entire global supply chain ecosystem. The company’s technology combines low-cost “printable” hardware sensors and a sensor-agnostic software-asa-serivce platform to help shippers, logistics providers and manufacturers track goods’ location, status and condition from manufacturing to shipping to delivery.

The Tag-n-Trac platform, powered by wireless Bluetooth and cellular smart label technologies, grants a complete end-to-end view to help efficiently address production obstacles such as temperature excursions, tamper detection and potential diversions. Usable in various verticals, Tag-n-Trac works with supply chain partners, including multi-modal third-party logistics, enterprise resource planning, business intelligence software providers, and packaging and labeling manufacturers.

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In Singapore, Supply Chain Management

For the Botsync team, collaborative automation will be key to accelerating digitalization in logistics

Digital transformation is playing a big part in the strategy and operations of businesses today. The market size for digital transformation will grow from $1.5 trillion annually this year to $2.8 trillion by 2025. And yet some businesses might find challenges in complexity, manpower, and resources.

In this TechNode Global Q&A with the founding team at Botsync, we learn how collaborative automation is geared toward addressing these challenges. The company is a robotics startup founded in Singapore that specializes in AMR-based (Autonomous Mobile Robot) automation solutions. Botsync has journeyed from seed funding and accelerator programs to securing a co-created innovation project with Bollore Logistics Singapore to transform its conventional warehouse handling with an AMR-based automation solution.

What are the key trends driving innovation in the logistics industry?

  1. Digitalization: Companies more than ever before are looking at digitalizing their entire supply chain starting at the factory floor. Having this level of transparency is key to making quick decisions to respond effectively to severe market conditions and staying competitive
  2. The increasing complexity of logistics: The complexity of logistics has grown significantly with the growth in e-commerce. Faster delivery expectations and every increasing type and size of parts being handled warrant significant growth in the entire logistics process.
  3. Minimizing contact points: In recent times, it is becoming critical to evaluate operations and find ways to ensure minimum human contact. With growing economic opportunities present in today’s digital age, the availability of general workers for manual logistics operations is decreasing all over the world. And with the bulk of logistics operations still dependent on manual labor, automation and digitalization will soon become crucial factors to ensure business continuity.
  4. Collaborative automation: With companies increasingly looking at automation implementations, automation systems need to be able to co-exist with other manual processes on the warehouse and factory. This is critical as most companies cannot afford a complete transition to an automated facility, hence collaborative robotics will be key to ensure a successful transition to automation.

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