A few months ago great minds in Meryl Lynch they gathered their heads to think about the future of robotics. Eventually, they produced a report of more than 300 pages. The report gathered all the latest thoughts on the subject of the coming robotic revolution. And their goal was to provide some guidance to banks and investors who want to enter the sector.
What they came to the conclusion was no less remarkable. They described the impending robotic revolution as “fourth industrial revolution. “In other words, it was on a scale comparable to the previous three: steam power, mass production and electronics. But perhaps the robotics revolution has the potential to overshadow all these previous achievements. The reason is that they all relied on ultimate human intelligence and numbers. “People are just so smart. And we can’t just raise thousands of human beings in the lab to work in Foxconn’s factories.”
This is what makes the next revolution so exciting. Standalone machines will be both significantly smarter in some applications and more numerous. We will begin to see strong contours for positive feedback. Artificially intelligent robots will be able to evaluate their own systems. Then they will be able to offer engineers methods to improve them. As they improve, they will improve in the design of better systems, etc. Therefore, the potential of the technology is truly astounding.
But is it just a load of hot air. Or are we really on the verge of a robot revolution? Here are some signal signs that we are.
Fewer jobs in finance
One of the first places robots will appear is in finance. These will not be humanoid robots Asimo. They won’t even be physical, like the robots in Amazon’s warehouse. Instead, they will be in the software and make decisions. Perhaps the first area in which there will be a decline in jobs is finance. Currently, many jobs in the financial sector are tied to analysis. But even today, machines are much better at analytics than humans.
According to guard, robots can replace up to 35 percent of jobs in the UK and 47 percent in the US. And most of them will be accountants, analysts and statistical technicians. Why? Because computer programs will be able to reproduce almost all of their functions. And they won’t need six-figure salaries to get started.
The production of additives is on the rise
Currently, the additive industry is very excited about robotics. And it should be. This is a monumental opportunity for the sector.
MIT announced in April that they had made the first 3D printed robot of its kind, made of both solids and liquids. The MIT robot literally came out of its printer. But cool science has hidden the true value of history. What he revealed was how the production of additives makes robots adaptive.
Now that 3D printing has become commonplace, it is a technology available to all businesses. And there are many opportunities there. For example, it’s easy discover Zortrax’s 3D printing ecosystem and use it in your company.
The global robotics market is expanding in all sectors
Meryl Lynch’s report then focused on the various sectors, all with experience in the use of robots. There are markets in commercial, personal, industrial and military conditions. And because these markets are so diverse, this suggests that there will be a constant demand for robots. As early as 2000, the global robotics market was worth only $ 7.4 billion. By 2015, that had reached $ 26.9 billion. It will reach $ 66.9 billion by 2025, according to the report.
This growth is expected to move forward from all sectors. Companies will require more robots to improve customer service. Humans will require robots such as personal assistants and vacuum cleaners. The military will require more unmanned aerial vehicles and other autonomous, weapons vehicles. And the industry will continue to automate learning tasks.
The threat to low-skilled jobs is palpable. According to the data, moving jobs to poorer countries saves 65% of labor costs. But replacing direct labor with robots costs more than 90 percent less.
Doctors under siege
About half a million robotic operations were performed in the United States in 2015. That’s almost none a decade ago. Robots are just more accurate than humans. That is why it is unethical not to bring them into the medical room. But will we need doctors at all in the future?
Right now IBM is testing his most modern medical robot, Watson. Watson became famous in 2011 after defeating world champions Jeopardy in his own game. He has now graduated as a diagnostician. And it is used in hospitals across the United States to make more accurate diagnoses.
When Watson was first introduced, the idea was that he would replace the traditional role of physicians in diagnosis. But the industry retaliated and threatened not to use Watson if it undermined their jobs. IBM gave way, and Watson is now being used as a complementary tool, not a substitute. However, it still improves the doctor’s performance. With its help, they make far fewer mistakes than when only people have made diagnoses.
Robots that can learn from raw introduction
Until recently, robots were very fragile systems. Of course, you can put them on a car production line. But the cars had to arrive in the right position for the robot to do its job. If a car wasn’t where the robot expected it to be, the results would be disastrous. This means that things cannot change on the fly. And that meant that robots couldn’t be deployed more widely.
Today things are completely different. We now have working prototypes of robots that can work with humans. In addition, they can also adapt to their environment. For example, robots like it Baxter learn how to capture objects just by using the raw input from their cameras.