Emerging technologies like intelligent automation are armed with the advanced features of artificial intelligence, which pushes the boundaries for connecting more effectively with people, processes, and technologies to create and boost industry efficiency. Increased workload and changing work environments during the lockdown made it difficult for traditional business processes to deliver the best results for their customers and made communication inefficient for digital workers. But, implementing intelligent automation solutions will enable businesses to standardize manufacturing operations, reduce production costs, optimize efficiency, and so much more. Here you can explore the best intelligent automation stock between Siemens and Yokogawa Electric, in which you can invest in 2022.
Siemens is one of the biggest global manufacturing organizations that specialize in electrification, digitalization, and automation, and has a strong presence in other industrial domains like infrastructure, healthcare, and energy, to name a few. Siemens' Digital Enterprise solution is helping the automotive industry to turn their ideas into successful vehicles, faster and more efficiently. Its current Intelligent automation stock is US$133.52, 0.67% down from the previous close.
Yokogawa Electric Corporation is a Japanese software and electrical engineering company operating in information technologies, industrial automation, test, control, and measurement. The company also offers smart control systems, such as PLC (programmable logic controller), DCS (distributed control system), and SCADA (supervisory control and data acquisition) for hassle-free automation. Its current intelligent automation stock is US$18.24, 0.71% up from the previous close.
With the rising deployment of enterprise software and services across various industries, prominent companies in this space, both Siemens and Yokogawa Electric are witnessing increasing demand for their solutions. The increasing scale of operations and rapid cloud migration should drive the software infrastructure market's growth.
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