An independent, applied research institute, the Fraunhofer Institute for Manufacturing Technology and Advanced Materials (IFAM) in Stade, Germany, is changing the physics of machining – or to be ...

Labor market policies shape firms' innovation dynamics. A new study shows for the first time that higher minimum wages for low-skill jobs drive firms to develop automation technologies. Rising wages ...

Does increasing wage pressure encourage automation? Economic theory suggests that it does. Rising wages drive innovation in automation technology as firms seek cost-saving innovations to replace ...

Automation is everywhere. The word “automation” may make you think of a factory floor with cost-efficient robotic assembly or e-commerce companies with sophisticated operations for massive fulfillment ...

Summary: Business leaders are under immense pressure to deliver results in the face of market challenges. Automation is an immediate way to improve efficiency and productivity across every department.