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markettrendus · 1 year ago

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Driving Towards Growth: Exploring the Rapid Expansion of the Automatic Car Wash Machine Market to Reach USD 7.4 Billion by 2032

Automatic Car Wash Machine Market size is anticipated to reach approximately USD 7.4 Billion by 2032, up from USD 3.8 Billion in 2022, expanding at a CAGR of 6.9% from 2022 to 2032.

The automatic car wash machine market consists of machines that use water and detergents to clean automobiles in an automated manner. This technology has revolutionized car washing and made it simpler for car owners to maintain clean vehicles. There are various sizes and configurations of automatic car wash machines, ranging from small portable machines to enormous wash tunnels that can accommodate commercial vehicles.The primary objective of automatic car wash machines is to thoroughly and swiftly clean cars without causing any exterior damage. These machines are designed to perform an extensive array of cleaning duties, including washing, rinsing, drying, and polishing. They use high-pressure water jets, rotating brushes, and other mechanical elements to clean the car's exterior.

Transparency, explainability, and accountability have become essential for companies that use automatic car wash machines due to the increased awareness of environmental issues. Customers want to know how their vehicles are cleaned and what steps are taken to reduce environmental impact. Companies that prioritize openness and responsibility will have greater success acquiring and retaining customers.Automatic car wash equipment has multiple business applications, including the provision of car washing services and the sale or leasing of machines. Car dealerships and rental agencies can provide consumers with additional services by offering in-house car washing. In contrast, independent car wash businesses can purchase or lease automatic car wash machines to satisfy the rising demand for quick and effective car washing services.

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Driving factors

PDQ Manufacturing's Highly Efficient and Economical Tandem Surfline Vehicle Wash System

PDQ Manufacturing has introduced the Tandem Surfline Vehicle Wash System, which provides businesses that wash vehicles with a solution that is both affordable and efficient. This system gives you a competitive advantage in the market because to its sophisticated features and efficient performance. It produces high-quality products while cutting operational costs to a minimum.

An advantage over the competition provided by Automated Technology and Multi-Vehicle Cabins

A competitive edge can be gained in the automobile washing sector through the combination of automated technology and multi-vehicle cabins. This unique solution streamlines operations and enhances productivity by allowing for the simultaneous washing of many vehicles, hence lowering wait times and improving customer satisfaction.

An Increase in Demand for Automated Jet Sprays, Regulators, and Other Forms of Automation

The ever-increasing popularity of automated jet sprays, regulators, and other forms of automation is directly responsible for the spike in demand that has been observed in the Automatic Car Wash Machine Market. The landscape of vehicle washing is changing as a result of automobile owners' desire for the convenience, accuracy, and environmentally friendly benefits afforded by these new technology.

Restraining Factors

Factors Limiting the Growth of Automatic Car Wash Machines

There are several factors that can impede the performance of an automatic car wash machine. High initial costs, limited water access, environmental regulations, consumer preference challenges, maintenance and outages, and limited space are among the most significant factors affecting the automatic car wash industry.

Regular Upkeep and Downtime

Automatic car wash machines, like any other machine, need routine upkeep to function properly. As consumers expect prompt service, downtime can have a significant impact on the company. Owners of businesses must adhere to maintenance and repair schedules and ensure that their machines are operating properly. Regular maintenance and systematic inspections reduce the likelihood of unavailability.

Space Restriction

When it comes to automatic car wash machines, the scale of the business location can also be a limiting factor. The size of the automatic car wash machine, water and electricity requirements, and customer parking space all necessitate sufficient space and resources. It is essential to consider space requirements during the initial planning and design phase to avoid future complications.

Key Players Analysis

Because of the convenience they offer, automatic car wash machines have become more and more popular. The automatic car wash sector boasts several innovators and efficient car wash systems.WashTec is a major player. WashTec, a global car wash system leader, offers a variety of automatic car wash machines for varied demands and budgets. Their easy-to-use systems guarantee a complete wash every time.

Istobal is another industry leader. Spanish company Istobal sells automatic car wash machines and other car wash solutions. Energy-efficient machines reduce car wash operating costs. They offer touchless and brush-based automatic car wash machines.Sonny's Enterprises dominates the automatic car wash machine market. The US-based company offers car wash solutions, including automatic car wash machines. Their machines are durable, making them a popular choice for car wash operations.

Top Key Players

WashTec AG

Istobal S.A.

Autec, Inc.

Coleman Hanna Car Wash Systems

CAROLINA PRIDE CAR WASH SYSTEMS AND SOLUTIONS

Washworld Inc.

PECO Car Wash Systems

Washworld Inc.

National Carwash Solutions

Car Wash Systems, Inc.

PDQ Vehicle Wash Systems

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Key Market Segments

The Automatic Car Wash Machine Market Key Market Segments

By Type Analysis

Automatic car wash machines have made it simpler for individuals to keep their vehicles clean, hassle-free, and in pristine condition without expending a great deal of time or effort. Out of all varieties of automatic car wash machines, the in-bay car wash segment dominates the industry.

By Component Analysis

The pumps segment dominates the automatic car wash machine market. The pumps used in these machines are designed to deliver a high volume and pressure, making them the most important component of the system for ensuring the vehicle is properly cleaned.

By Application Analysis

The passenger cars segment dominates the automatic car wash machine market. For passenger vehicles, which need routine cleaning and maintenance to stay in good condition, automatic car wash machines are frequently used.

by Type:

Self service

Exterior rollover

In-bay automatic car wash

Tunnel car wash

by Component:

Drives

Motors

Foamer Systems

Dryers

Pumps

Others

by Application:

Passenger car

Commercial vehicle

Regional Analysis

North America has one of the highest rates of vehicle ownership in the globe. The majority of households own at least one car, and this number continues to rise annually. This trend has resulted in an increase in the demand for automatic car wash services, as car owners seek more convenient means of keeping their vehicles clean.

Key Regions Covered

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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Recent Development

In 2021, PDQ Manufacturing introduced touchless car wash systems, which were a welcome innovation. These systems use sophisticated sensor technology and high-pressure water to wash cars without physical contact, resulting in a safer and more effective washing experience. The touchless system is especially essential for customers with electric or hybrid cars.

Istobal pushed for the development of hybrid car wash systems in 2022, closely following PDQ Manufacturing's lead. With the ability to integrate touchless and friction washing technologies, operators can tailor their car wash to accommodate various vehicle types. This adaptability enhances cleansing efficiency and, consequently, customer satisfaction.

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Frequently Asked Questions (FAQ)

What is the market size of automatic car wash machine Market

Global automatic car wash machine market was estimated to be valued at around USD 3.8 Billion in 2022, expanding at a CAGR of 6.9% from 2022 to 2032.

What exactly is an automatic car wash machine? The automatic car wash machine is a mechanical system that utilizes brushes, sprayers, and other cleaning mechanisms to wash and sanitize vehicles without the need for manual labor. These devices are typically located in car washes, gas stations, and other automotive service facilities.

What does the market report for automatic car wash machines cover? Typically, the automatic car wash machine market report provides an in-depth analysis of the automatic car wash machine market. It may include data on market size, market trends, growth drivers, obstacles, the competitive landscape, key actors, technological advances, and regional analysis.

What factors are fueling the expansion of the market for automatic car wash machines? Increasing demand for efficient and time-saving car washing solutions, growing awareness about vehicle hygiene, rising disposable incomes, urbanization, and the expansion of the automotive industry are among the key factors propelling the growth of the automatic car wash machine market.

Who are the major competitors in the market for automatic car wash machines? The market for automatic car wash machines is highly competitive and comprises a number of main players. WashTec AG, Istobal, Coleman Hanna, Ryko Solutions, Otto Christ AG, PDQ Manufacturing, and NS Corporation, among others, are among the major players in this market.

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#Automatic Car Wash Machine Market #Automatic Car Wash Machine Market Report #Automatic Car Wash Machine Market Outlook #Automatic Car Wash Machine Market Trends

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detectivenyx · 9 months ago

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https://www.motortrend.com/news/nhtsa-tesla-autopilot-investigation-shutoff-crash/

the article does call people who say 'yeah this is absolutely fucked and nefarious so that tesla and musk can't be sued because the driver was TECHNICALLY in control', "tin-foil hat types" (conspiracy theorists) but they all but affirm it.

A NHTSA report on its investigation into crashes in which Tesla vehicles equipped with the automaker's Autopilot driver assistance feature hit stationary emergency vehicles has unearthed a troubling detail: In 16 of those crashes, "on average," Autopilot was running but "aborted vehicle control less than one second prior to the first impact."

there is additional information - but information that i think stacks up just as badly. from the linked report:

Where incident video was available, the approach to the first responder scene would have been visible to the driver an average of 8 seconds leading up to impact. Additional forensic data available for eleven of the collisions indicated that no drivers took evasive action between 2-5 seconds prior to impact, and the vehicle reported all had their hands on the steering wheel leading up to the impact. However, most drivers appeared to comply with the subject vehicle driver engagement system as evidenced by the hands-on wheel detection and nine of eleven vehicles exhibiting no driver engagement visual or chime alerts until the last minute preceding the collision (four of these exhibited no visual or chime alerts at all during the final Autopilot use cycle).

i don't know how they'd quantify whether or not a driver could see a collusion beyond 'technically it is visible' when the data could be anything from 'it's the only thing you can see' to 'you can technically see Waldo', but i don't drive.

another thing that's been telling is musk is trying to have his cake and eat it too with Autopilot - he is simultaneously trying to market it as a fully functioning automatic driver in its own right:

Tesla has repeatedly marketed Autopilot in such a way that suggests its capabilities are greater than they are, often by not correcting popular thinking that the system truly is like a self-driving, well, autopilot feature. The company practically needed to be dragged into making driver prompts and safety blurbs noting how the driver needs to pay attention more visible inside their cars.

but the reality is a bit less glamorous:

Autopilot, despite its name, is a driver assistance feature. It is intended to be used with driver supervision, meaning the driver, who may not need to intervene with the system's operation of the accelerator, brakes, and steering nonetheless needs to be keeping an eye on the proceedings. In other words, even if Autopilot were programmed to sandbag drivers so Tesla could wash its hands of responsibility in the event of a system failure, the driver is supposed to be paying attention to what's in front of the vehicle.

the article says 'well it's not tesla's fault because the drivers should've been paying attention!', and while if you're behind the wheel of a car i do think you should be paying attention, if the entire marketing around the car is one that suggests that the 'driver assistance' is actually a super cool autopilot and you sincerely resisted telling your drivers to pay attention within your 4000 pound death machines because your autopilot would take care of them, i would think that would sincerely harm your fucking case.

it also, i feel, ignores the fact we've demonstrated with the handling of twitter: that elon musk is a fucking imbecile with more money than sense who legitimately would think this legal excuse of 'we disabled the autopilot a second before collusion' would fucking hold up in court, especially since the comparisons given aren't particularly strong.

Plenty of new cars feature last-ditch shutoffs and other preemptive actions that occur just before or during impact; think about seatbelts that cinch up so occupants are seated more safely, or fuel-line disconnects, or some of the fancy new suspension actions Audi's A8 is capable of such as lifting one side of the car just before it's T-boned to place more of the crash structure in the path of the impact.

comparing pre-emptive actions that are legitimately designed for user safety, to turning off the autopilot which... doesn't. there's no situation in which turning off the autopilot before collusion is a safety feature. the article claims 'speculation', and while that is technically true that there's no explicit evidence of why this happens, i feel comfortable claiming it to absolutely be a case of elon being a despicable moron who thinks that this means his precious autopilot is not responsible for as many crashes as it actually is, in lieu of tesla having a public relations department.

The fact that Tesla autopilots abort self driving 1 second before a crash so the company can state “self driving wasn’t active during the collision” should be grounds to dismantle the entire company.

Like, seriously, if you’re making 4000 pound death machines, and you program this shit to work on a technicality? Your company should be dismantled. Gone. No recourse. Just terrible shit dude

#long post

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herculescarwash · 5 months ago

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Why Starting a Car Wash Business is a Smart Move for Young Entrepreneurs

Anyone who owns a car will most likely need a car wash to keep their vehicle looking its best. Given the sheer number of car washes around the country, it's easy to say that car washing is a lucrative business for many young entrepreneurs hoping to start a business of their own.

However, like with any business venture, starting a car wash company requires thorough research. While opening a car wash offers several advantages, it's important to inspect these benefits closely to see if they fit your needs and can help you achieve your long-term business goals.

To help you and other young entrepreneurs like yourself, today, we will discuss the top advantages of opening a car wash business to help you make an informed decision.

Top Benefits Of Opening A Car Wash Service

The car wash business is booming and will only go up from here. The global car wash market collected around $27 billion in 2020 and is expected to grow at a compound annual rate of 3.8%. But that's not all. Below are a few more reasons why opening a car wash can be a lucrative business for you.

They Are Indispensable

Everyone who has a car will always need a car wash; this is a fact. Most people with a day job don't have enough time (or even inclination) to wash their cars and would gladly pay a professional to do the job for them.

Despite reports that young Americans are buying fewer cars and driving much less than their predecessors, there's still no shortage of cars on American roadways, so there's no decrease in car wash demands. Whether you choose to do it by hand or by a car wash machine, you can rest easy that your business is in no imminent threat.

Worthy Rewards For Your Hard Work

If you plan on running your car wash without investing too much in an automatic wash, you will have to put in the muscle power and hours of work. Even if you get decent-quality car wash equipment for sale, you must stay around to ensure everything works like it's supposed to.

But all this hard work will pay off in this business since you can quickly build a customer base that can quickly translate to profits. Not to mention, you will be your own boss. You will have the power to make decisions without any interference and get to choose what you do with the profits.

It's A Nationwide Market.

Whenever people think about opening a business, the first thing they do is do some market research to determine if their area has a decent demand for their business to grow. When someone searches for a car wash, they ideally look for local companies. This means all cities and provinces will need car washes.

You will not have to worry about shifting to a central metropolitan area to have a successful business. However, you can still do some research to find out if your city has less demand or more competition than usual so you can better understand what you need to do to succeed.

#car wash equipment for sale #car wash machine

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tecnotergroup2 · 1 year ago

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Prevent theft of your construction machinery with TcConnect GPS

TcConnect's GPS geolocates your car in real time and alerts you in case of suspicious movements, preventing the risk of theft.

Construction machinery thefts: chip crisis and black market for spare parts

It is a phenomenon that is growing, especially for machinery that is worth between 80 and 300 thousand euros. The construction machinery is stolen by the hirers, who report serious economic losses together with their customers on site, who also suffer from the difficulty in continuing the work operationally, causing delays and interruptions to the companies. Wheel washers

Until last year the cars were stolen and taken abroad to be resold. The most recent trend instead sees stolen vehicles dismantled and illegally resold in pieces. Above all, the larger vehicles are dismembered to favor the market for electronic components and chips, parts that are currently difficult to find and therefore attractive to criminals.

In this context, it is easy to understand that often it is not the complete vehicles that are stolen, but the individual accessories directly: the excavators are stripped of their buckets or shovels and the hooks of the telehandlers disappear, even when the machines are stopped at the who rents them.

Protect yourself from theft of construction machinery: GPS localization

The critical trend in theft has led workers in the sector to opt for effective solutions to protect their assets.

GPS tracking technology has proven effective in combating and solving the problem of theft, helping companies not only locate machines, but also recover them and equipment.

The features that allow GPS to be decisive are many and are all based on the possibility of providing operators and renters with a series of information in real time to intervene quickly in the event of unforeseen events:

– Real-time monitoring: thanks to satellite signals, GPS technology makes it possible to precisely determine the position of vehicles and equipment in real time. This information can be viewed at any time from any device, smartphone, tablet or computer. Automatic wheel washers

– Real-time alerts: the possibility of setting real-time alerts, which are activated on the basis of various circumstances or events, such as the suspicious movement of a vehicle, allow information on the position of the moving vehicle to be sent almost instantly to the police, to facilitate the recovery of the stolen property

– Geofencing: it is also possible to configure an imaginary boundary (which can be an entire construction site, for example) beyond which vehicles and equipment cannot move. If the GPS detects one of the machines leaving this designated area, you will be notified immediately.

TcConnect GPS technology: geolocation and security

Tecnoter Group has developed its own geolocation system via an online platform: TcConnect.

TcConnect, as written in this article, allows you to communicate, control and manage all the characteristics of the construction machinery, equipment and vehicles that are connected to it.

In addition to receiving alerts on the position or on unexpected movements, TcConnect improves safety for the site and for the operators. The system is in fact able to distinguish between regular or incorrect driving of the vehicle by the driver and to report safety problems that involve not only the operator but also other road users. Portable wheel washing system

The choice to rely on online geolocation technology is becoming increasingly popular and we at Tecnoter follow this path for two main reasons: we support the security that technology brings with it and the advantages that make it an increasingly reliable tool for protecting your assets .

To find out more, contact us without obligation via this page.

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poojaj · 2 years ago

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Car Wash Machine Market Set To See Strong Growth by 2030

The car wash machine market refers to the global market for equipment used for cleaning and washing vehicles. This includes various types of car wash machines such as automatic, semi-automatic, and manual car wash machines.

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Car wash machines are automated systems designed to clean vehicles, primarily cars, trucks, and vans. These machines typically use a combination of water, soap, brushes, and high-pressure air or water jets to clean and rinse the exterior of a vehicle.

The car wash machine market is driven by several factors, including the increasing demand for automated car wash systems, the growing popularity of vehicle detailing services, and the rising number of vehicles on the road.

The car wash machine market is driven by factors such as increasing demand for car washing services, growing awareness about water conservation, and the need for efficient and cost-effective car washing solutions. Additionally, the rise in the number of vehicles on the road, particularly in developing countries, has contributed to the growth of the car wash machine market.

The market is segmented based on type, application, and region. Based on type, the market can be classified into fully automatic, semi-automatic, and manual car wash machines. In terms of application, the market can be divided into commercial and personal car washing.

Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the car wash machine market due to the high demand for car washing services in countries such as China and India

#Car Wash Machine Market #Car Wash Machine

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severepeanutperfection · 2 years ago

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Pressure Washer Market Study: An Emerging Hint of Opportunity by 2026

Pressure water manufacturers are focused on building advanced products catering to the need of end users. For instance, products with in-built water filter preventing dust and derbis from entering the pump, a pressure switch enabling automatic motor, and compact and light weight among others.

For instance factors such as power output, water flow rate, weight, water pressure and accessories availability with the pressure washer are key essentials for buying a residential pressure washer.

Pressure washers are mechanical spraying devices used for cleaning the dirt particles accumulated on the hard surfaces. Pressure water systems are widely used in the residential, commercial and industrial cleaning applications. Pressure washing has a significant role in heavy industries, as it helps to increase the efficiency and production capacity of the industrial equipments. A pressure washer is capable of generating pressure ranging from 1500 to 5000 pounds per square inch (psi). The components of pressure washer system include, pump, filter and high pressure resistance hose each having different functions. Water is pumped from the reservoir with the help of pump and it is ejected at high pressure from the pressure washer outlet. Pressure water manufacturers are focused on building advanced products catering to the need of end users.

Key Companies

Global Pressure Washer Market: Key Players

Key players identified in the global pressure washer market are as follows:

Generac Power Systems, Inc.

R. North America

Snow Joe, LLC.

SIMPSON

Campbell Hausfeld

Alfred Kärcher UK

Landa Karcher Group

DEWALT

Sears Brands, LLC.

Sunrise Global Marketing LLC. (Greenworks)

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

Global Pressure Washer Market: Drivers and Restraints

The growth in global car washing industry is expected to propel the demand for pressure washer in automobile along with the demand for residential pressure washer systems among consumers. Moreover, unlike the traditional washer systems the pressure washer system is capable of reducing the wastage of water thus addressing the global water crisis issues, which in turn is increasing its adoption for residential and industrial cleaning applications.

In addition factors such as new product development, launch of products in untapped markets, diversifying product range are key focus areas by companies, which have led towards development of highly advanced products catering to the need of consumers for industries such as automotive, swimming pools, garden machine and tools, among others.

However, challenges such as adoption of alternative cleaning methods namely foam based cleaning, sandblasting in industrial cleaning applications and the noise emission by industrial pressure washer might hinder the global pressure washer market growth in the near future.

Global Pressure Washer Market: Segmentation

On the basis of type

Electric Powered

Diesel Powered

Gasoline Powered

On the basis of output

1500 – 1750 psi

1800 – 2000 psi

2000 – 3000 psi

3000 – 4200 psi

On the basis of application

Residential

Commercial

Industrial

Agricultural

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Key Questions Answered in This Report.

What will the Market growth rate in Future?

What are the key factors driving the global Market?

Who are the key manufacturers in Market space?

What are the opportunities and threats faced by the vendors in the global industry?

What are sales, revenue, and price analysis by regions of industry?

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kiranadhavmarketstudy · 2 years ago

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Automatic Car Wash Machine Market Projected to Garner Significant Revenues by 2028

The main aim of the Automatic Car Wash Machine report is to give the map of the growth for the Automatic Car Wash Machine market that will help in providing the clients with the required information for the formulation strategies to meet their respective business goals. The report also provides deep knowledge of the Automatic Car Wash Machine for the previous year as well as for the forecast years and what the CAGR level of the market is going to be. This report is a synopsis of what the market conditions are going to be while also giving information regarding the market’s definition, classifications, applications, and engagements are. This report also aims to analyze the Automatic Car Wash Machine market’s developments including the market improvement, market position, and others which are usually done by the prominent players and brands of the automotive industry. This report also consists of all the market drivers and restraints which are obtained through SWOT analysis. The report also has the CAGR values of the Automatic Car Wash Machine market for the base years 2021, the historic year 2020, and forecast years 2021-2028.

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The Automatic Car Wash Machine market report provides information and statistics on market shares, size, restraining factors, and driving factors for the forecast period 2021 to 2028. It also mentions the role of main market players in the automotive industry. The report on Automatic Car Wash Machine market evaluates the value of the market report, keeping in mind the application and regional segments, market share, and size while forecasting the market for each product type and application of the Automatic Car Wash Machine market in different segments of the report. The research report also mentions some sections of the Automatic Car Wash Machine market including opportunities, growth, trend, size, demand, and technology used by prominent players of the market. Then, it gives detailed profiles of the key players as a part of the competitive landscape of the Automatic Car Wash Machine market.

The study of the report divides it into several sub-segments and represents the whole automotive industry. An estimation of the revenue generated by the entire automotive industry and its sub-segments are also provided in the report. It decides the factors that affect the demand of the automotive industry rapidly, including methods of development, growth networks, and the product model. The report also points out the greatest prospects for the growth of the automotive market such as forecasting the growth of the market, the launch of new goods, and analysis of the product demand, purchase decisions, several economic factors that are important to determine the trend of Automatic Car Wash Machine market, and the attractiveness of the market. The report on the Automatic Car Wash Machine market will help in assisting the stakeholders in identifying high-potential customers, such as distributors and manufacturers.

#Automatic Car Wash Machine Market’

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linhgd9 · 3 years ago

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Automatic Car Wash Machines Market Size, Trends, Demand, Supply and Forecast to 2027

Global Automatic Car Wash Machines Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2026 is a recent comprehensive market analysis that collectively covers demand factors, market size, forecasts, and trends in the global Automatic Car Wash Machines market. The report presents the current market conditions and growth prospects. The report is all around made by considering its essential information in the overall global Automatic Car Wash Machines market. During their study of the market, the authors of the report had concluded that there could be numerous critical segments by both type and application.

The Automatic Car Wash Machines market report is composed of major as well as secondary players describing their geographic footprint, products and services, business strategies, sales and market share, and recent developments among others. Furthermore, the report highlights the numerous strategic initiatives such as product launches, new business agreements and collaborations, mergers and acquisitions, joint ventures, and technological advancements that have been implemented by the major market players to firmly establish itself in the Automatic Car Wash Machines industry.

NOTE: Our report highlights the major issues and hazards that companies might come across due to the unprecedented outbreak of COVID-19.

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The report covers extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies. The key players studied in the report include:

Washtec, Otto Christ, Daifuku, Istobal, Ryko, MK Seiko, Tommy, Belanger, PDQ, Tammermatic, Autec, D&S, PECO, Coleman Hanna, Haitian, Carnurse, KXM, Zonyi, Autobase, Takeuchi

The scope of the Automatic Car Wash Machines market report includes a detailed study of the Automatic Car Wash Machines and regional markets for the Automatic Car Wash Machines industry. The Automatic Car Wash Machines market report is segmented by product, application, and region. It shows the market situation and future forecasts. The study also includes important data presented using graphs and tables. The Automatic Car Wash Machines market report contains information on the competitive outlook, including company profiles of major players in the Automatic Car Wash Machines market.

Market segment by type, the product can be split into

Gantry Car Wash, Conveyor Tunnel System

Market segment by application, split into:

Passenger Vehicle, Commercial Vehicle

The report checks the market status and the prospect of global and major regions, from angles of players, product regions, and end applications/industries. The objective of this market is to analyze the Automatic Car Wash Machines market with respect to the type of application, future trends, and growth of the market. Here the report also aims to study the market trends in various regions and countries. The research also concentrates on quantitative data important in ensuring the quality of strategic decisions in visually rich graphics.

Global Automatic Car Wash Machines market details based on regions:

North America (the United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)

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Reasons to Purchase This Report:

1.Market elements situation, alongside development chances of the market in the upcoming years.

2.Assessments 2021-2028 Automatic Car Wash Machines Market advancement outlooks with the new inventions and SWOT analysis.

3.Market division investigation including subjective and quantitative exploration fusing the effect of financial and strategic viewpoints.

4.Territorial and nation-level examination incorporating the demand and supply powers that are affecting the development of the market.

5.Competitive landscape including the market share of major players, along with the new assessments and strategies adopted by players in the past five years.

6.Comprehensive organization profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the key players.

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your-dietician · 3 years ago

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What Happened When the PetNet Smart Pet Feeder Went Out of Business

New Post has been published on https://tattlepress.com/business/what-happened-when-the-petnet-smart-pet-feeder-went-out-of-business/

What Happened When the PetNet Smart Pet Feeder Went Out of Business

The Amazon and PetCo-backed startup PetNet sold a WiFi-connected pet feeder controlled using an app.

When a failed acquisition forced the company out of business in 2020, customers were left with useless hardware.

An analysis by Insider founder that of 33 wearable or connected home startups leading the industry in 2015, only 12 sold products that are actively supported today.

See more stories on Insider’s business page.

Allen Sampsell knew something was up when his cats started to act out. Freya, a “chonker” born without a tail, and May, a younger tortoiseshell with all of her appendages, were hungry. Sampsell had no idea how many days or hours the duo had gone without eating.

“My cats very obviously kept acting like they weren’t getting fed,” said Sampsell, who works on an Air Force base near Omaha and travels frequently for his job.

Normally, such daily business as feeding the cats went off without a hitch. For the last few years, Sampsell had used the PetNet SmartFeeder, an $150 Internet of Things device which dropped a set amount of kibble into a feeding bowl based on a schedule set using a smartphone app.

But in spring 2020, the feeder started to go offline. Then PetNet asked for more money. In a letter to customers last May, the company said that anyone who didn’t pay a $30 annual subscription fee would no longer have a working cat feeder.

“I am not even sure if people actually fell for that,” said Sampsell, who opted against the subscription. “And then they folded up shop completely.”

From doorbell cameras and smart locks to fitness trackers and smart glasses, Americans are increasingly dependent on internet-connected devices that rely on software and servers to perform basic functions. But as early venture capital funding runs out, and business plans fall through, many of these startups are forced to sell their assets or shut down entirely, leaving consumers with closets and junk drawers filled with beautifully designed but useless hardware. Worse, because many of these connected devices are designed to handle essential aspects of household life, their sudden demise can create all sorts of problems and headaches.

Even the most well funded of IoT startups have failed, including the $3 billion fitness tracker company Jawbone, which shut down in 2017 after struggling to pay its vendors. Others shut down after getting acquired, like the startup North, which stopped supporting Focals, its $600 augmented reality glasses, when Google bought the company in June 2020. Of 33 wearable or connected home startups leading the industry in 2015, just 12 sold products that are actively supported today, an Insider analysis found.

In some cases, unsupported IoT devices, including the PetNet feeder, Jawbone fitness bands and the smart food scale Orange Chef, are still being sold through online retailers like Amazon and Walmart, which give no indication that the hardware won’t be able to connect to the app required to use the product. Amazon and Walmart did not respond to requests for comment about why they are continue to sell internet connected devices that will no longer work as they’re supposed to.

Though PetNet was just one small company among many, I had personal reasons for uncovering why it failed. Like Sampsell, my PetNet cat feeder had stopped working. My cat Dewey was waking me up at the crack of dawn for a meal that she would normally get automatically. She was hungry. I was tired. That’s when I called PetNet CEO Carlos Herrera.

“The hardware was the Trojan horse”

By the time PetNet sent the email asking for subscription revenue, the company was already in a tailspin.

The startup released the second generation of its cat feeder in January 2018 but the feeder had trouble connecting to the internet. The issue, Herrera said, was with one of its vendors which stopped supporting a key piece of software right when the pet feeder shipped out to customers.

Reports about PetNet’s connectivity issues circulated, which hurt its sales. On top of it all, PetNet had taken on substantial debt from that same vendor to cover its supply chain costs.

“One hand is washing the other with poisoned water,” Herrera told me over the phone one day this June, a year after the company ceased operations.

Herrera had dealt with hardware problems before, but hardware was never supposed to be the heart of PetNet’s business model.

He started the company in Los Angeles in 2012 with two friends, one who he met while playing soccer as a kid growing up in Columbia, and the second who he knew from their job building sensors in the defense sector post 9/11.

Their idea was to sell pet food to cat and dog owners using information entered into the PetNet app. The automatic pet feeder was a way to get people to share that data.

“The hardware was the Trojan horse to get the online food business going,” said Bob Kron, a sales and marketing consultant for startups, who ran sales for PetNet in its early days.

PetNet raised a couple million dollars in seed funding through an accelerator and early investors like Grishin Robotics, but Herrera struggled to get the support of large venture capital funds.

He had better luck with strategic investors and in 2015, PetNet raised $4 million, including money from Amazon’s Alexa Fund, followed by a $16 million Series A in 2016 led by PetCo.

Crystal Cox/Insider

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Crystal Cox/Insider

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Crystal Cox/Insider

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The strategic investments brought creditiblity to PetNet but the deals had strings attached. Most of the money from Amazon went toward integrating the device with Amazon Alexa, Herrera said, which meant hiring someone to do that work. (A spokesperson for Amazon said that integration with Alexa is not a requirement for Alexa Fund investments.)

The investment from PetCo came with a partnership deal that required PetNet to use PetCo to deliver the food that it sold through its app.

By 2015, PetNet had grown to around 50 employees with big plans to expand the application, but hardware problems derailed those plans.

Despite its sleek exterior, the first version of the feeder had major design flaws. Customers used a wide array of kibbles, and some brands of food contained oils that eroded the rubber router that moves food through the machine. Sometimes the kibble pieces were so big that they got stuck altogether.

The money Herrera had earmarked for new projects was reallocated toward remanufacturing the hardware. PetNet addressed the kibble problem by offering its customers a free ramp, which went under the feeder and tilted it at an angle so the food would fall out more easily.

While a software company can fix a bug and redeploy its product overnight, even small issues with hardware products can take half a year to fix, Herrera said. “It means you have to repay for everything.”

For every unit sold, PetNet lost around $10, Herrera said. For every ramp it gave away, it lost another $15. Herrera said he only took a salary one of eight years the company was in business.

“The problem with early stage startups is that you’re always going to be tight with cash,” Herrera said.

By 2018, PetNet was ready to raise more money, and Herrera had his hopes set on a $100 million Series B. But his investors were wary and wanted PetNet to find an acquirer instead.

The startup got close to sellings its business in August 2019 after 18 months of negotiations, but the deal fell through, Herrera said. Soon after, the startup ran out of cash.

“Ultimately, the product/market fit was not there,” PetNet investor Alexey Alexanov, a partner at Cabra VC, said in an email. “Not enough pet owners purchased the SmartFeeder for the company to gain from the potential economies of scale in the supply chain.”

The PetNet feeder is still for sale on Amazon, even though the company is winding down and the product doesn’t work.

Becky Peterson/Amazon

Most consumer IoT companies disappear

Julie Ask is a vice president and principal analyst for Forrester where she researches mobile technologies. But it’s her husband who bought the wifi connected teapot and door handles, and notably, a wifi-connected air filter.

“These are expensive one-off products that entertain my husband,” Ask said. “I don’t know what we’re going to do if it goes out of business. I don’t know where we’re going to get the filters.”

Ask said she’s seen a shift in business models over the last decade as hardware companies adapt to the realities of the market. Like PetNet, most device startups offer their services for free in an attempt to win over customers, with plans to charge for premium services once the customer is hooked, and then eventually to monetize data garnered from the device.

A Ring doorbell in 2019. Chip Somodevilla/Getty Images

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Internet of Things. Alex Wong/Getty Images

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Two models of Google smart speakers, including the smaller Nest, on display. Matthew Horwood/Getty Images

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“Few companies go into this thinking they’re going to make money on hardware,” Ask said. “All of this data is generated to develop some kind of context that feeds insights that lets these companies know more about their ultimate customer or, in this case, a pet.”

Venture funding into connected devices has increased over the last few years, though there are fewer companies in the space raising money.

In 2017, IoT companies, which include consumer goods as well as products in healthcare, infrastructure and connected cars, raised $6 billion in equity funding across 788 deals, according to CB Insights. In 2020, IoT companies raised $10.2 billion across just 465 deals.

“Devices are a really, really hard business. And so a lot of them go under, even if the product is amazing,” Ask said.

PetNet’s product and brand went to creditors

Sampsell has become somewhat of a celebrity among PetNet customers thanks to his YouTube channel AllensCloud, where he posts instructional videos with simple tech projects, including two videos on “hacking” the PetNet feeders.

In the videos, Sampsell gives instructions on replacing the PetNet electronics with a wifi connected board that lets people control the feeder directly with another app. Collectively, the videos have 5,400 views.

The jury-rigged feeder works well, and it still sits in Sampsell’s kitchen in Nebraska. “I’ve been using it ever since I first put it in there,” he said. “I have no plans of buying a different one.”

Winding down the company has been rough for Herrera. He knows customers are angry, and many have told him as much directly. PetNet can’t file for bankruptcy because that would cost money, and there is none, but he plans to personally pay back each person who paid for a $30 subscription once he has the means, he said.

Dewey reposes in the time between her nap and her meal.

Crystal Cox/Insider

The defunct PetNet feeder is still for sale on Amazon and Walmart.com, though Herrera said he gave up control over the product and brand to creditors. The app is down and the PetNet website now redirects to a pet blog called Pet Keen, which posts tips for pet owners. It’s not clear who runs it.

For Herrera, there’s no question that consumer hardware startups are a dead end. He doesn’t think venture capitalists want to invest in the space and he no longer thinks they should.

But the experience hasn’t turned him off to startups. He’s working on some new projects, none of which involve manufacturing.

“Most startups fail, so that’s just the world we choose to be in,” Herrera said.

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severepeanutperfection · 2 years ago

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Automatic Vehicle Washing System Market Future Trends, Industry Size and Forecast to 2032

An Automatic Vehicle Washing System is a set of equipment using water and cleaning solutions to clean and wash the vehicle externally. Apart from the traditional manual wash, there are several options available in the market for automatic vehicle cleaning as well. In an automatic vehicle washing system, the vehicle is placed in park and the machine starts cleaning the vehicle without any aid of a labor. Automatic Vehicle Washing System can be of three types, Tunnel, rollovers and touchless. Among these tunnel type automatic vehicle washing system is the most expensive one and is installed when the service provider operates with relatively larger number of vehicles wash per day. Roll over type is the preferred system when it comes to water consumption as it is a low pressure system. Owing to several benefits such as being efficient, economic, lesser time and water consumption and others, the demand for Automatic Vehicle Washing System is estimated to increase at a significant pace. This, in turn, may contribute to the growing market of Automatic Vehicle Washing System across the globe.

The size of the global market for automatic vehicle washing systems is anticipated to reach US$ 341.9 Million in 2022 and to develop astonishingly at a CAGR of 13.8 percent from 2022 to 2032. Future demand for automatic vehicle washing systems is expected to be driven by rising consumer propensity for car maintenance as a result of increasing disposable income. According to FMI, the market for automatic vehicle washing systems is anticipated to reach US$682.5 Million in 2032.

Automatic Vehicle Washing System Market: Regional Outlook

With respect to growth prospective, South East Asia and Pacific, followed by China, expects to register substantial growth owing to factors, such as growing urbanization and industrialization, increasing purchasing power of working class population and strengthening economy. However, matured markets, such as North America and Europe, are estimated to hold dominance in the automatic vehicle washing system market during the forecast period. Growing construction and mining industry in the Latin America region is estimated to fuel the demand for Automatic Vehicle Washing System during the forecast period.

Automatic Vehicle Washing System Market: Key Participants

Examples of some of the market participants identified across the value chain of the global Automatic Vehicle Washing System market include:

Coleman Hanna

Wash Tec Group

Sonny’s Enterprises LLC

Ryco Solutions, Inc.

Otto Christ AG

Aquarama S.r.l.

PDQ Manufacturing, Inc.

Autec, Inc.

Regional analysis includes:

North America (U.S., Canada)

Latin America (Mexico, Brazil)

Western Europe (Germany, Italy, France, U.K, Spain)

Eastern Europe (Poland, Russia)

Asia Pacific (China, India, ASEAN, Australia & New Zealand)

Japan

Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Automatic Vehicle Washing System Market: Segment

The global Automatic Vehicle Washing System market has been segmented by System type, by End User type, and by Application

On the basis of System type, the global Automatic Vehicle Washing System market has been segmented as:

Tunnel Type Automatic Vehicle Washing System

Rollovers Type Automatic Vehicle Washing System

Touchless In-Bay Automatic Vehicle Washing System

On the basis of End User, the global Automatic Vehicle Washing System market has been segmented as:

Independent

Franchised Service Station

Authorized Car Dealers

On the basis of Application, the global Automatic Vehicle Washing System market has been segmented as:

Automotive

Passenger Cars

Commercial Vehicle (Bus, Trucks etc.)

Railway

Aerospace

Off Highway (Construction, Mining Equipment)

Report Highlights:

Detailed overview of the parent market

Changing market dynamics in the industry

In-depth market segmentation

Historical, current, and projected market size in terms of volume and value

Recent industry trends and developments

Competitive landscape

Strategies of key players and products offered

Potential and niche segments, geographical regions exhibiting promising growth

A neutral perspective on market performance

Must-have information for market players to sustain and enhance their market footprint

For More Info@ https://www.futuremarketinsights.com/reports/automatic-vehicle-washing-system-market

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outsourcebigdata · 4 years ago

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How connected devices and IOT can drive increased customer experience

Personalization and contextualization, the one-to-one in-person experience is the outcome of the digitalization. Today, personalization leads to increased customer experience and increased revenue. As the customer continues to get smarter, digitalization and IOT enables them to provide increased customer experience at every touch points.

According to IDC report, at the end of 2020, there will be about 30 billion connected devices across the world which will bring increased customer experience. Now researchers are carried out, to connect every possible device to the internet and covert them smarter and smarter.

Global IoT market can expand greatly to 3 trillion dollars connecting 50 billion devices by 2020. As of now, you can see many devices which are connected to the internet such as a tablet, mobile, Car, TV, Gate, House, etc. Forbes reports that 4,800 devices are being connected to the network, but ten years from now it will be 152,000 per minute. We can notice within the last decade, Smartphones have emerged as a must-have device for consumers globally. Today people are eager in getting services by connected devices. Imagine the scenario at the end 2020.

For instance, how about this experience? That your fridge automatically orders the groceries from FreshDirect or Amazon Fresh. Shortly you may go to a kart and fetch for a washing machine which displays a discreet notification on your iTV. Maybe a full milk smart tank can signal a smart truck to come pick up farm-fresh milk. That is the magic of connected devices and IOT.

The connected devices are always more efficient in processing. It is when the power of individual technologies and devices are made to work together. Which intern saves time and reduces costs. This is because of access to real-time data from sensors.

Eliminating the waste and maximizing the resources are some of the main goals of every business. To achieve this, one should have access to right data.

The connected products achieve the heights of autonomy ever before and become smart by the combined capabilities of monitoring, control, and optimization.

Internet of things is redefining connectivity in two ways which benefits the customers.

Users connecting to smart devices

Smart devices connecting with ordinary objects.

IOT helps in multichannel involvement and interaction in a contextualized contact with consumers. This helps in better customer insights and experiences. Ability to track and organize deliveries along with fleet management is the key to customer satisfaction.

Virtual connection enables ones to monitor their things, by having a smartphone in their hands. Efficient usage of electricity and energy makes the customer adopt for IOT.

Convenience is the new customer service, customer experience, and contextualization strategy. IOT makes everything contextualized, smart, and maybe smart homes, smart cities and much smarter world around.

#digitalization

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simmyseo · 4 years ago

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SANITIZER MACHINE SUPPLIER DUBAI

Sanitizers are a type of antiseptic, which is a significant component of an infection control program when used as an alternative to washing hands with water and soap.

Research, development, and production of high-quality cleaning products that are environmentally-friendly to substitute for many hazardous and toxic chemicals to safe users and the environment. Also, there is a healthy relationship to deliver customer satisfaction anywhere, every time and on a promise.

To provide our entirely happy customers and employees with a tidy, safe, and healthy atmosphere by providing a reliable, ethical, and environmental cleaning products. Our guiding philosophy is to produce and market products that fascinate and satisfy people's souls alone.

All-day, workers, write a report, shake their hands with a new client, open doors, and more with their hands. All these activities expose hands to damaging bacteria and germs. Illness is associated with loss of productivity and the annual cost to employers in the UAE. Given that 80% of all infections are hand-borne, an active program of hygiene in hands must be implemented.

Benefits Of A Hand Sanitiser Machine As Provided By Sanitizer Machine Fixing Dubai

The hand sanitizers based on spirits help prevent the spread of germs and disease-causing bacteria, particularly in busy environments such as schools and offices:

Stop germ spread: 1 in 5 people do not wash their hands daily, according to studies. Seventy percent of those who use soap doesn't. It is more likely that people use it to kill harmful bacteria by supplying hand sanitizers in critical areas (including bathrooms and kitchens).

Encouraging good hygiene and health: A productive, healthy building. An AJIC study showed that the promotion of manual sanitizers in schools reduced absenteeism by almost 20%!

How Can You Use A Hand Sanitiser?

If your hands are dirty, don't use hand sanitizers: hand sanitizers don't disinfect your face. It is intended to disinfect particles such as oil or dirt that hand sanitizers will not penetrate the skin.

Use the right quantity: less doesn't mean more for the hand sanitizer. You have to apply appropriately to cover all your hands thoroughly. Don't forget your fingers or their back!

Rub it in until your hands are dry: you can be confident that all the most essential surfaces are in contact with it.

In Dubai, Dubai, Abu Dhabi, Sharjah, Khamah, Al Khobar, Ajman, Al Ain, Fujairah in UAE, Djeddah, and Riyadh in Dammam in Saudi Arabia our company is one of the leading providers of quality, professional and commercial cleaning equipment and equipment. With a large logistics and warehouse, our headquarters are strategically located in Jebel Ali Dubai to provide your necessary cleaning equipment and facilities quickly.

Are you looking for affordable Sanitizer Tunnel Supplier Dubai or Abu Dhabi handyman service providers? In many cities across the world, our home maintenance services in Sharjah are available. The Maintenance-UAE are the best Sanitizer Machine Supplier and have talented personnel handy. Our trained employees include experienced workers in different forms of repair work and home maintenance activities with Sanitizer Machine Fixing Dubai. Keep your house in excellent shape by hiring our home maintenance services immediately. Our broad range of services includes plumbing, electrical fittings, CSA repair, carpentry, painting, etc.

Call us to get a successful repair for Man Passing Sanitizer work if you have issues like broken sinks, electrical problems, damaged port, and windows. For any type of home maintenance service, we offer the best prices on the market. The trained staff of The Maintenance-UAE visit your home immediately and fix the damaged parts. Check the services we offer and please call us if you need any:

In the top UAE cities, like Dubai, Sheik, and Abu Dhabi, we are a market leader. But also in other towns such as Green City, Parks, Polo Homes, and Sheik Zayed Lane. The qualified staff of managers, mechanics, and qualified personnel contribute to the rapid home maintenance in all major UAE regions.

You select the most reliable, speedy, and competent service for your house by hiring our services. What we give is a comprehensive technical service for routine maintenance and repair activities. To keep your home beautiful, you enjoy the best convenient services.

Our Vision Is To Provide Full Value For Money To The Clients

You wouldn't look elsewhere for home improvement needs with such efficient and affordable services. We are proud to serve homes in the UAE very carefully and to make life easy and comfortable in your home. Make sure your wear and tear and other minor harm do not rob your home's charm. Our nominal prices help you maintain your homes up to date all year round. Our practitioners are caring professionals and can rely on you for the best repair work at home without any stress. For details on home maintenance services, please do not hesitate to contact us.

Sanitizer Machine Supplier With 24*7 Customer Support

Our 24x7 emergency response and repair systems are a top priority. Our team is immediately responsible for addressing any issue with your critical services in your homes and business areas. You don't have to wait for your health and comfort. Call anytime and instantly receive fast repair and maintenance services. We, the best Sanitizer Machine Supplier understand how important your safety and comfort are, and therefore give them a quick look.

Services are available for repairs and customers, such as plumbing, CT repair, home painting, electrical repair, and others. Call us every five days a week and receive immediate repair for every problem with your home's essential services. Any repair of doors and other services will be attended immediately after your call is received.

Our automatic garage door repair services are focused on the safety of your homes and business units. For automated portals, doors, and barriers, we offer annual maintenance packages or one-time repair work. Our door repair service will assist you in repairing your garage doors and sectional doors. Rolling shutters, gate motors, and car parking barriers also cover door repair and maintenance services. Our trained technicians also carry out an effective repair of sliding and rotating glass doors.

#Sanitizer Machine Supplier #Sanitizer Tunnel Supplier #Sanitizer Machine Fixing Dubai #Man Passing Sanitizer #Sanitizer Machine Supplier Dubai

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biosero · 5 years ago

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Benefits of Business Process Automation

Digitalization has brought rapid changes in the lifestyle of people and the way they do business. The integration of technology and automation has increased the efficiency of business processes. Business process automation entails the use of mostly automatic equipment in processes of manufacturing, production, or service delivery. It includes the use of sensors, robots, PLC (Programmable Logic Controller), and motors. Examples of typical business automation are automated car wash and gates. There are numerous benefits of business process automation, which can be found below.

Improved Quality

The risk of errors is high when human beings perform business processes,thus affecting the quality of products or services to customers. On the other hand, machines and programs eliminate the risk of making errors; therefore, a business will offer quality products and services to customers.Besides, it causes workers or the owner(s) of business to have more control over the process, which allows them to identify more easily the weaknesses that make the processes inefficient.

Enhanced Analytics

Since the entire business is Automation Software, there is a chance to identify weaknesses and strongholds of your business activities. This is achieved by using the stored data in your systems, which you use to make certain decisions and changes of businesses as a way of improvement. You can compare your previous data with the current one after you have executed changes, which allows to track the progress and address the weaknesses.In addition, business process automation allows managers to automatically generate reports outlining the results of operations they oversee. Such information would also play a critical role in the decision-making of the business.

Efficiency

Automation Scheduling Software business processes can be executed simultaneously by a single system. It means that employees will handle other business operations that are more valuable to the business. For instance, you do not need employees passing over files from one office to another or one branch to another. It would waste a lot of time and also it could be very tiresome to the employees too. Banks embrace Automated workflow systems that store their data in their server equipment, and data is easily transferred from one computer to the other by only a few employees. On the other hand, employees focus more on customer services and marketing, which are more valuable to the bank and the system cannot execute them as human beings can.

Cost Reduction

Every business’s primary goal is to increase profits and lower the cost of production. The easiest way to achieve this is by automating your business processes. You may opt to expand services and better products to customers while systematically, you reduce the cost of delivering them. A good example of cost reduction is when you invest in robotic process automation to perform some tasks which would require about ten employees while only one Robotic automation can do it. In this case, you cut down the cost of paying ten employees; thus, you will have saved. In conclusion, increasing productivity, eliminating or errors, improved processes, and efficiency will ultimately lead to lower costs.

Business owners and management personnel should highly consider business process automation and perceive it as a way to successin their operations. Itimpacts positively on their performance, productivity, cost reduction, and better reliability.

#Slas 2020

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lindarifenews · 5 years ago

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Why machine learning means proactive loyalty fraud prevention

Loyalty fraud is on the rise again and, while account takeovers seem to be the most common type of fraud reported, this type of theft is only the tip of the iceberg; program rules violation, unauthorized redemptions, privilege escalations, flawed integrations and data breaches are also on the rise.

To complicate matters, the increasing complexity of loyalty programs makes it even harder for companies to defend themselves against fraudsters.

A typical project for a loyalty platform implementation involves dozens of integrations with other systems, partners, point transfers, reversals, conversions and so on. The more complex the implementation, the higher the probability that there will be loopholes that can be exploited.

Under attack

Believe it or not, the chances are good that there is a teenager out there who, at this very moment, is doing something to try to take advantage of open vulnerabilities that they found in your loyalty program. Statistically speaking, no matter what your reporting solution is, what kind of fraud rules you have in place, what type of security policy you have implemented — your program will become a target for fraudsters.

How to fight back? The only thing that can potentially give you the upper hand is an automated security system that doesn’t require explicit configuration; a system that automatically adapts to the data processed by your loyalty program — that can dig through enormous amounts of data to detect a few subtle patterns and correlations between billions of data points and parameters that are changing constantly. This system should also get better at detecting anomalies over time.

Machine learning strikes again!

Despite the enthusiastic buzz surrounding this subject, machine learning is by no means a magic wand that can make all threats disappear. It will never fully replace traditional fraud prevention and detection methods. Well-designed reporting and fraud rules, strong end-point security, policies, and procedures are and will always remain a must. But machine learning will take your company from being reactive to having a proactive fraud prevention process in place that detects anomalies before they can cause damage on both the program-wide and individual member levels.

Here’s a quick example. A gas station chain defined a fraud rule which would block a member’s account if more than five sale transactions were recorded in a day. The rule was meant to prevent cashiers from swiping their own loyalty cards whenever a paying customer was not enrolled in the program, and from accumulating points in violation of loyalty program rules. However, cashiers realized that car wash services were being processed by separate Point-of-Sale software and were treated as a different type of transaction. Soon enough, cashiers focused on the car wash clients, as those transactions were not covered by the configured limits and allowed for quick and easy points gains.

Human error

Another example. A security team configured an alert that activates whenever new member enrollments reach a specified level. The marketing team created a new sign-up promo that successfully brought in a significant influx of new members. Those two teams rarely interact with each other and did not think to discuss the promotion and its potential consequences on the system. Therefore, when the security team started receiving the unusual number of alerts, they assumed a mass enrollment fraud attempt and decided to shut down the entire platform. It took them an hour or two to verify that all the new member accounts were legitimate.

These are two are real-life examples of loyalty programs that have millions of active members. What makes them similar is that although the traditional fraud prevention measures in place were based on the right assumptions, there are always some scenarios in which those assumptions won’t be enough to meet all of the program’s needs.

Benefits for loyalty programs

The benefit of machine learning modeling is that it requires just one simple assumption — that the vast majority of staff and members mean no harm to the program; members obey the rules and enjoy the program as it was initially designed. Using their data, machine learning models can “learn” the typical behaviors and extract patterns and relationships between millions of data points, whether they are transactions, points, values, or activity patterns. These may, of course, change over time, and machine learning will adjust to changes in configuration.

What is also impressive about this approach (which some AI-nerds call “unsupervised machine learning”) is that it doesn’t need any explicit definitions of what is a normal type of behavior and what is not. It will adapt itself to the volumes of data it receives as the input and return any anomalies as soon as it “decides” that they are worth triggering a warning. This way, it is possible to proactively prevent fraudulent activities that have not been seen in the past and, finally, to be one step ahead of the fraudsters.

The missing piece

Although machine learning is not a universal solution to all loyalty program issues and challenges, it can be THAT missing piece of the puzzle when it comes to the security of loyalty program configuration. Together with traditional fraud countermeasures, it enables a genuinely proactive loyalty fraud prevention method that is ready to meet the challenges of the ever-changing landscape of modern information systems.

Other success stories from Comarch about the management of loyalty programs can be found here.

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andreacaskey · 5 years ago

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Why machine learning means proactive loyalty fraud prevention

To complicate matters, the increasing complexity of loyalty programs makes it even harder for companies to defend themselves against fraudsters.

Under attack

Machine learning strikes again!

Human error

Benefits for loyalty programs

The missing piece

Other success stories from Comarch about the management of loyalty programs can be found here.

The post Why machine learning means proactive loyalty fraud prevention appeared first on Search Engine Land.

Why machine learning means proactive loyalty fraud prevention published first on https://likesandfollowersclub.weebly.com/

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