The robot revolution happening in manufacturing plants all over the world has the potential to eliminate hundreds of millions of jobs for humans. However, more recently developed Cobots or collaborating robots work alongside humans. Cobots are programed to be responsive to human interaction having more flexible uses and are designed to not harm a person. According to research, smart factories with robots and Cobots could add $500 billion to $1.5 trillion in value to the global economy in five years. Manufacturers predict overall efficiency to grow annually over the next five years at 7 times the rate of growth since 1990.
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Hundreds of millions of jobs affected. Trillions of dollars of wealth created. These are the potential impacts of a coming wave of automation. In this episode of Moving Upstream, we travelled to Asia to see the next generation of industrial robots, what they're capable of, and whether they’re friend or foe to low-skilled workers.
A combination of industrial robot arms, parallel grippers, force-detecting sensors (mounted on the robotic “wrists”) and 3-D cameras successfully assembled an IKEA chair in around 20 minutes.
Hand in hand with humankind. Robot colleagues safely and efficiently support the staff in modern factories.
Robots have become an increasingly efficient workforce when it comes to repetitive and dangerous tasks. In a bid to reduce operational costs and comply with government scrutiny, adoption of robots has witnessed a surge in heavy industries.