Introduction Industry automation of processes enhances the efficiency of labour and to reduce net cost, at the same time improving the quality of the product. The use of automated processes enhance productivity over a short period of time and it low the cost. The use...
Introduction Human substitution in the service sector has caused unemployment to rise and affected the livelihoods of many, as machines prove to be far more efficient and cheaper than human labor. However, service occupations that require human interaction such as management or relationship-based jobs are...
Just imagine the situation where the manager or the supervisor doesn’t have to negotiate with the union over wages. Instead, he can just order the robot to perform the tasks. No questions asked. As per the supervisor’s wish. This is exactly what is going to...
Unlike the discrete manufacturing in 1980’s, the operations now in the manufacturing industries are continuously run round the clock and throughout the year. So, the objective for the operations is to extend the unattended time that machines run. The primary objective is to reduce the...
We are living in a contemporary society where technology has taken hold of just everything around us. Technology has led to the emergence of sophisticated home gadgets that no one could have anticipated can become a reality. Nowadays technology has given us varied options for...
In February 2017, Bank of America began testing its three employee-less branches to serve digital-first customers and stay connected with younger customers. This employee-less branches will give access to human, if needed, via video conference. Travelling back in time, in October 2016, Budweiser transported a...
The global mining automation market is expected to grow at a steady rate during the forecast period. Growing requirement for improving productivity, surging need for worker safety, and the reduction in operating costs are the key factors driving the growth of mining automation market. Moreover,...
Six Sigma is a method used for reducing variation in manufacturing, service or other business processes. The projects measure the cost benefit of improving processes that are producing substandard products or services. It is a statistical method which involves varied business-driven approach and the ability...
Speech recognition gives the text output to given voice, in short, this is a speech to text (STT) conversion. It is helpful for the deaf, dumb and disables people. This project is to improve the efficiency of the speech recognition accuracy. Developed the speech recognition...
In 21st century, maintaining good relationship with the customer is the major management challenges in every business. In the past customer were not having alternative suppliers and they were not so demanding. But in today’s world it is complete transformation. All these problems and changes...
Introduction Robo-advisors are automated investment solutions which actively engage individuals with the digital resources and tools to guide them through their investment decision by making and managing their portfolios through techniques which uses algorithm. The role of advisors had an established view over the last...
