Monday, June 11, 2018

The Potential of Robotic and Automation in the Future


Robotics and Automation Companies in united states are booming in recent years. Also known as robotic process automation, the proliferation of artificial intelligence over the past decade has been a significant cause for the widespread adoption of automation in almost all sectors and fields.

There have been growing fears that more automation will lead to jobs being taken over by robots. This is true to a certain extent. However, throughout the history of mankind, it has been observed that development of new technology has contributed greater opportunities and collaborations. Artificial intelligence and automation will prove to be a game-changer in an extraordinarily productive and positive manner.

Just like our forefathers couldn’t have predicted the numerous jobs available today, we too are unable to see how the jobs of tomorrow will look like.

An excellent example would be the industrialization of agriculture. At the end of the Industrial Revolution, about 50% of Americans were employed in the agricultural jobs. Currently, only 2% are engaged in the farming sector. Clearly, the decrease in these jobs did not have much impact. The economy has seen tremendous growth, and jobs in other industries multiplied in the same time. Other than working in factories, computer-related jobs, flying airplanes and moving cargo to various parts of the country were some of the things that weren’t possible in the early 1900s.

Here are some of the advantages of automating various sectors.

1.    Cost
With automation, comes abundance. This means that prices will drastically reduce. A recent study took into account the automation potential of various industry sectors. The list was topped by accommodation and food services, agriculture and manufacturing. Volumes will go up immensely, leading to significant drops in prices. The increased demand will also lead to the employment of more workers to keep up.

2.    More jobs
Since prices are kept low, people buy more items. As a result, more people must be employed to man the warehouses even though the number of hours spent by a person per package is lower.

3.    Automation may be a necessity
With reducing population growth and birth-rates, the working age population will diminish. To maintain the GDP, productivity will have to be much higher. Sustaining the GDP, however, will require improvement in productivity at the same rate as it has over the past 50 years. This is highly unlikely. Automation and robotics have been shown to increase productivity by as much as 0.8 to 1.4%, provided that humans keep working as well.

What is promising is that almost every job looked at, could be automated. The critical point to note is that remarkably few can be fully automated without any human intervention. For example, the CEO could spend more time discussing new ideas, rather than analysing reports that artificial intelligence could do the job instead. New robotics and automation companies in united states are using the power of AI to ensure that people aren’t bogged down by routine tasks in their everyday life. After all, wouldn’t it be wonderful if cooking and laundry could be automated so that we would have to worry about it at all?

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