Business Wire

ABB and the Economist Launch Automation Readiness Index, Global Ranking for Robotics and Artificial Intelligence

Del

South Korea, Germany and Singapore are the world’s top-ranked nations in their preparations for smoothly integrating intelligent automation into their economies, according to an index and report released today by ABB and The Economist Intelligence Unit.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180423005873/en/

The report "The Automation Readiness Index (ARI): Who Is Ready for the Coming Wave of Innovation?" finds that even the best-prepared countries must develop even more effective education policies and training programs, as well as place a new emphasis on continual learning over the course of a career.

Those policies and programs, the report recommends, must ensure that the rapid adoption of automation technologies and artificial intelligence (AI) will not leave people unprepared for the new, more human-oriented jobs that will be needed as robots and algorithms take on more of the routine tasks that can be and will be automated.

"The report showcases the success pattern of the future. We must take advantage of these recommendations," says Ulrich Spiesshofer, CEO of ABB. "The pace of innovation and job change today is so fast that everyone must have access to lifelong learning. Augmenting human potential with technology, in a responsible way, while providing ongoing education and training, is an opportunity to drive prosperity and growth."

The report, which surveyed and ranked 25 countries on their automation readiness, found that many nations across the globe are just beginning to come to grips with the opportunities and challenges posed by AI and robotics-based automation. It found that "more engagement between government, industry, educational specialists and other stakeholders is needed if policymaking is to keep pace with innovation in automation."

The report emphasizes that, whether policymakers are ready or not, businesses are rapidly integrating AI and advanced robotics into their operations. As that adoption accelerates in coming years, the impact on economies and workforces – and the need for a more concerted approach to education and training – will become clearer, and more urgent.

In addition to South Korea, Germany and Singapore, the countries best positioned to embrace this wave of change are the other members of the ARI that round out the top 10 in ranked order: Japan, Canada, Estonia, France, the United Kingdom, the United States and Australia.

The analysis in the report is based on a new and original index, built by The Economist Intelligence Unit, as well as a series of in-depth interviews with subject matter experts from around the world. Rankings were determined based on a total of 52 qualitative and quantitative indicators selected in consultation with experts in automation, education and economics.

Through its YuMi collaborative robot and ABB AbilityTM cross-industry portfolio of digital solutions for monitoring and controlling automation systems, ABB is helping manufacturers shaping factories of the future, where people remain a vital part of operations, working side by side with robots.

This new paradigm of human-robot collaboration has the potential to free people to focus their time and energy to higher-value work requiring human skills and talent, while leaving to robots the highly repetitive or physically demanding or even dangerous tasks. Such human work is likely to include designing the processes and operations for the robots to carry out, and also monitoring and overseeing the automated work performed by the machines.

Ideally, a successful transition to a manufacturing economy built around intelligent automation will provide human talent with the opportunity to achieve higher levels of productivity, and, ultimately, more rewarding jobs.

But to achieve that better future, the report notes that most countries will have to elevate their vocational training programs. Science, technology, engineering and mathematics (STEM) curricula remain important, the report finds. But automation and AI place even greater need for basic education programs and new types of teacher training.

ABB and The Economist Intelligence Unit plan to conduct the ARI research annually and revise the rankings each year as warranted. That will enable the index to fulfill its purpose as a tool to help governments continually identify and pursue policies that support successful participation in the highly automated, intensively digitalized global economy.

For its part, ABB is preparing for the future by creating “digital workplace” environments, training employees to use digital and automation tools. ABB also supports innovation at its corporate research centers and via collaborative partnerships with startups through the ABB Technology Ventures (ATV) venture capital unit.

In the global policy and educational arenas, ABB remains committed to continuing its work with trade bodies, multilateral organizations and academic institutions. The company also stands ready to brief public policymakers as requested, to enable intelligent automation to become a positive benefit to society by delivering higher levels of productivity and creating meaningful employment opportunities.

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner of Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 135,000 employees. www.abb.com

Contact information

ABB Ltd
Media Relations
Phone: +41 43 317 71 11
Email: media.relations@ch.abb.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Takeda Receives Clearance from the Japan Fair Trade Commission for the Proposed Acquisition of Shire plc18.10.2018 07:19Pressemelding

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION Takeda Pharmaceutical Company Limited (“Takeda”) announces that it has received unconditional clearance from the Japan Fair Trade Commission for the proposed acquisition of Shire plc announced on May 8, 2018 (the “Acquisition”). The receipt of antitrust clearance in Japan is another significant step towards closing the transaction. In addition to Japan, the Acquisition has now received unconditional clearances from regulatory authorities in multiple key jurisdictions, including the United States, China and Brazil, among others. “We are very pleased to have received unconditional clearance from the Japan Fair Trade Commission for our proposed acquisition of Shire,” said Christophe Weber, President and Chief Executive Officer of Takeda. “Takeda is proud of its Japanese heritage, and we are look

FedEx Expanding Freight Forwarding Capabilities with Acquisition of Manton18.10.2018 06:00Pressemelding

FedEx Corp. (NYSE:FDX) announced today that it has agreed to acquire Manton Air-Sea Pty Ltd, a leading provider of logistics services, including freight forwarding and customs brokerage solutions. Manton’s capabilities complement and expand the FedEx portfolio of offerings essential to the rapidly growing global commerce landscape. The acquisition is expected to close later this year and is subject to customary closing conditions. With operations across Australia, Manton connects customers to global markets through regional gateways and relationships with multiple air carriers. With specific expertise in the healthcare and automotive markets, Manton is a proven leader in air and ocean freight forwarding solutions, as well as customs brokerage. Headquartered in Sydney, Australia, Manton will operate as a subsidiary of the FedEx Trade Networks operating company. “Adding Manton’s capabilities to FedEx Trade Networks and the broader FedEx portfolio will open up opportunities for us to cont

SailPoint Celebrates Identity Champions at Navigate ’18 Europe18.10.2018 05:01Pressemelding

Identity practitioners from around the world joined SailPoint Technologies Holdings, Inc. (NYSE: SAIL), the leader in enterprise identity governance, in Barcelona, Spain today for Navigate ’18, the identity governance conference. This event wraps up the global Navigate ‘18 conference series, following sold-out events in Austin and Sydney earlier this year. SailPoint customers BNP Paribas CIB, Nedbank Limited, NXP Semiconductors, Schneider Electric, Specsavers, Uniper and University of Reading will share with attendees how they are driving the new frontiers in identity for their organizations. Navigate ’18 attendees will also hear from SailPoint’s executive leadership team on what’s next in identity as we near the end of the year. “As we adapt to the changes brought on by digital transformation, implementing a single, comprehensive identity governance solution across BNP Paribas CIB is key in enabling us to adopt new technologies while remaining secure and compliant,” said Aurelie Houee

London Solidifies Lead, New York Rises Fast and Tokyo Retains 3rd in Global Rankings18.10.2018 03:40Pressemelding

London, New York, Tokyo and Paris were again named the world’s most comprehensively attractive cities, in that order, in the Global Power City Index (GPCI) 2018 report published today by The Mori Memorial Foundation’s Institute for Urban Strategies, a research body established by Mori Building, a leading urban developer in Tokyo. The annual GPCI report has ranked 44 major cities in terms of “magnetism,” or overall power to attract creative individuals and enterprises from around the world, since 2008. Cities are rated in terms of 70 indicators in six categories: Economy, R&D, Cultural Interaction, Livability, Environment and Accessibility. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181017005307/en/ London stands alone, New York rises fast, Tokyo creates separation and Paris recovers The top four cities remain unchanged from last year, with London, New York, Tokyo and Paris maintaining their respective one-through-four po

Board Members Serve as the Critical Link to Security and Corporate Governance, Diligent Survey Finds17.10.2018 19:48Pressemelding

Board members and executives are not taking enough precautions when executing board communications, according to a new report from Diligent Corporation entitled “Directors’ Digital Divide: Boardroom Practices Aren’t Keeping Pace With Technology.” The survey found that while 87% of firms are concerned with the security of their board communications and data sharing, more than half (55%) of their board members still use personal email for board communication, exposing themselves and the boards to potential cyber-attacks. In this survey, Forrester Consulting conducted research targeting board members, general counsels and administrators from 11 countries to better understand the current global state of governance amidst rapid technological disruption. Having access to more boardrooms than any other company, Diligent is uniquely positioned to provide insight into businesses’ cyber risk, regulation and culture practice – as well as how these critical governance areas can be improved. “Techn

JPMorgan Chase Bank Announces Initial Exchange Price for the Cash-Settled Exchangeable Bonds into Dufry Due 202117.10.2018 18:13Pressemelding

Following the placement on 10 October 2018, JPMorgan Chase Bank, N.A. today announces the initial exchange price of the cash-settled exchangeable bonds due 2021 (the “Bonds”) in aggregate principal amount of USD 205 million, referable to ordinary shares of Dufry AG (the “Shares”) The initial exchange price of the Bonds has been set at CHF 134.8547, representing a 25% premium over the reference share price of CHF 107.8837, which was determined in the manner described in the press announcements released on 10 October 2018 and based on a Reference FX Rate of CHF:USD 1.0096. Settlement and delivery of the Bonds took place today. About JPMorgan Chase & Co. JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Indu