For instance, ‘Cobots’ (collaborative robots) are already in widespread deployment throughout the world. They have been for quite sometime. This first-stage adoption — where human operators work alongside autonomous machines — is a cheap, easy, less-invasive way for most companies.
As Jay Jacobs, Director of Research at Global X, points outs here, these machine-assisted robots fall under the first category of the four he mentions.
Without going full-on Robot, manufacturers can help employees focus on the more sophisticated tasks while the machines do the repetitive tasks in tandem.
The ‘Cobot’ sector alone is expected to grow at an annualized rate of over 50%.
“Even adequate labor resources are not necessarily enough to sustain growth. Labor costs are expensive and rising, which is a particularly challenging prospect for competitive industries like manufacturing.
While in recent decades many businesses turned to offshoring these jobs, many companies are finding robots to be even more cost efficient. One analysis found that offshoring jobs could save a firm approximately 65% on labor costs while replacing workers with robots can achieve an estimated 90 % in savings.
“Last, robots and AI are drivers of improved productivity. Engaging these technologies can yield faster, higher quality outputs without cognitive and physical problems associated with fatigue or malpractice. The adoption of robotics in places like Germany, South Korea, China, Japan, and the U.S. is expected to boost productivity by up to 30% by just 2025.”
So, how do you play this trend?
Well, I’ve listed two easy ways HERE…
Simply login and get your robot profits on ;;)
Managing Editor, M4 Insider
Barry is also the Co-Founder & Publisher of M4 Research.
As a paid-up M4i member, you can read that issue (and the two aforementioned investment angles we endorse) anytime you wish.
The robot revolution is just starting. You can join the fun and profits by being part of our community here. Once you’re a member, simply check out the link above Barry’s author bio above.
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