Kenneth J Papucci is the owner and CFO of Bethlehem Industries. Since 1946, Bethlehem Industries, Inc. has been a leader in the metal forming industry. Education: Northern Illinois University (1995)
Process automation is one of the cutting-edge solutions that have been developed and availed in businesses and workplaces today. Workflow sequences involving repetitive tasks can be replaced with automation as a way of boosting workplace productivity while achieving flawless production. This automation proves beneficial in various ways.
To break-even and achieve the highest returns on investment, businesses must focus on two key areas, including generating revenue through sales and cutting on operational costs. Of the two, cutting on cost is a readily utilizable strategy that every business can practice. When seeking to reduce their operational costs, businesses have at their disposal multiple opportunities to pursue. Here are three of the major cost-saving approaches that can be utilized to great effectiveness.
By now, most people have heard of machine learning, artificial intelligence, automation. In order to properly utilize each one, however, it is important to have a deeper understanding of what they are and how they are different from each other. Without that, it is unlikely that businesses will be able to utilize each to their full potential.
Numerous manual jobs are slowly being replaced by automation, but in the world of art, the place of artificial intelligence has merely been that of an assistant to the creativity of humans. Improved and new AI-based instruments are invigorating artists by giving them a platform to visualize each idea that serves to inspire them by permitting them to draw images, erase them, and then redraw.
Back in 1962, a cartoon depicting the future made its debut. The Jetsons lived in a futuristic world that included flying vehicles and a robot maid named Rosie. Fast forward to 2018 and we may have finally caught up with that future. Artificial intelligence has finally come to a point where consumers are starting to see it showing up in certain areas of life.
Every entrepreneur aims for the opportunity to expand their business and scale up. Even though a business’ success is what leads to an opportunity for growth, if this period of expansion isn’t properly handled, it can spell trouble for a small business.
The same methods used for starting a business won’t always work when trying to expand one’s business.
Robots have the capability to make improvements in specific processes. Unfortunately, robotics is falling short of its potential. Robotic Process Automation (RPA) is being held back by the complexity of implementation and the need for maintenance. However, humans can help by playing a bigger role. RPA Requires The Correct Mix Of Experience And Expertise RPA has the ability to become very powerful for a business when it is implemented.
Any renowned sports team will tell you that they have a unique game plan for every opponent they play against. They prepare a game that is tailored to their opponent’s strengths and weaknesses. If the team fails to be thorough, they will get crushed. The same principle should apply to businesses. If you want to establish a flourishing company, you need to prepare sufficiently for the battle.
Being the leader of a small business can often face many challenges, as there are so many different moving parts that need full attention. One of those moving parts includes your business accounts and activity. Accounting is one of the most crucial parts to get right in order for your business to succeed, and meet its full potential. Here are some things you want to pay attention to in your business accounts if you are the leader of a small business.
While it may be entertaining to imagine the robots of the near future to be similar to the robots of science fiction and popular entertainment, the reality is likely to be far different. Robots, unlike living organisms, exist in an artificial environment and can be specialized for tasks that would be both impractical and often impossible for any other mechanism, biological or otherwise.
How does it work?
For many years lasers have been the main component when designing large items such as cars, planes, trains and even steel beams for houses, but over the last couple years inventors have been working to make their measurements as precise as possible. The NIST (National Institute of Standards and Technology) have been designing a laser power sensor that works in real-time measurements. This is a small chip sized “smart mirror” used for the manufacturing process of larger items...
As technology grows and automation begins to work its way into positions that humans once held, many people are concerned about the future and what it holds for jobs that can eventually be done by either a robot or an algorithm. Although there is a growing concern about the loss of jobs, there is also huge optimism about what it would mean for machines to do the work that humans once did. This creates other opportunities for those to be reskilled and put in other positions that are more benef...
It’s no secret that owning a small business can be a difficult challenge, especially in a world where it seems that corporations are kings. However, there are many positive aspects of owning and operating a small business, as they are a main part of the American dream. Here are a few mistakes your small business should avoid in order to succeed and stay ahead of the game.
Automation is the way of the future, especially when it comes to business growth and success. Businesses who contest this will soon begin experiencing a disadvantage compared to businesses who already working to adapt and adopt. While it may be true that the hesitation to welcome automation is due to a lack of knowledge, it has expanded so quickly over the past several years that there is now something for everyone, which makes arguing against it all the more difficult.
Robotics play a huge role in manufacturing and automation, but researchers working in the development of robotics plan to take it to the next level: self driving cars. This term has been floating around now for a few years, so it comes to no immediate surprise that they will likely be the vehicle of the future. However, there are many ways in which the robotics technology is being used that we did not see coming.