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Automation Technology Spells Retirement Risk for Older Office Workers: BOK

Automation Technology Spells Retirement Risk for Older Office Workers: BOK

SEOUL, Sept. 21 (Korea Bizwire) — The introduction of automation technology increases the retirement risk for older office workers, a central bank report said Tuesday. The Bank of Korea (BOK) traced the employment situation of 962,404 workers between 25 and 69 years of age at 3,033 companies for three years from 2015 to 2017. The [...]

Financial Institutions Speed Up Adoption of Automation Systems

Financial Institutions Speed Up Adoption of Automation Systems

SEOUL, Aug. 29 (Korea Bizwire) — An increasing number of financial institutions are replacing redundant work with automation robots to improve work efficiency. The Korea Technology Finance Corp. (KOTEC) is applying Robotic Process Automation (RPA) technology for its entire in-house operations. The KOTEC introduced RPA in 2019 and started automation from simple clerical work such [...]

2022 Global State of IT Automation Report Reveals 88 pct of Enterprises Plan to Grow Their Investment in IT Automation and Orchestration this Year

2022 Global State of IT Automation Report Reveals 88 pct of Enterprises Plan to Grow Their Investment in IT Automation and Orchestration this Year

ALPHARETTA, Ga., March 17 (Korea Bizwire) — Stonebranch, a leading provider of service orchestration and automation solutions, today published the inaugural Stonebranch 2022 Global State of IT Automation report. Developed in partnership with IEEE Computer Society, the premier technical education organization, this study collects the perspectives of automation-focused IT professionals worldwide. Respondents, all from companies with over [...]

Samsung Engineering Succeeds in Producing Pipes Through Smart Robot Automation

Samsung Engineering Succeeds in Producing Pipes Through Smart Robot Automation

SEOUL, June 24 (Korea Bizwire) — Samsung Engineering Co., an industrial plant affiliate of Samsung Group, said Wednesday that it had succeeded in producing pipes through smart robot automation. The company revealed that it succeeded in automating the ‘cutting-improvement-welding’ process for frequently used carbon steel pipe spools with a diameter of 4 to 12 inches. [...]

Lumina Networks Announces Intent Based Automation Solution

Lumina Networks Announces Intent Based Automation Solution

ANTWERP, Belgium, Sept. 22 (Korea Bizwire) — Today at Open Networking Summit (ONS) Europe, Lumina Networks, an open source networking company, announces the release of their Intent Based Service Automation 2.0 solution. The solution enables dynamic service automation and end-to-end normalized telemetry for multi-vendor networks. As a key component of network transformation, Lumina’s Intent Based [...]

S. Korean Retailers Accelerate Push for Automation

S. Korean Retailers Accelerate Push for Automation

SEOUL, Aug. 29 (Korea Bizwire) — South Korean retailers’ race to automate their outlets is accelerating with leading industry players unveiling robots that can replace shop workers, market watchers said Wednesday. On Tuesday, Korea Seven Co., the operator of convenience store chain 7-Eleven in South Korea, introduced a robot that allows customers to pay with [...]