THE AI DILEMMA: A PERFECT WORLD OR A PERFECT STORM?
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I have spent the last three years researching with Malay Upadhyay the positive and negative risks of artificial intelligence. One area in particular to be alert to is the evolution of robots to cobots. Cobots are smaller robots performing more service oriented and monotonous tasks freeing up more operator time to be able to handle more complex or creative tasks. Cobots are robots designed to function beside a human in a shared workspace, and given close working proximity to humans, cobots have particular strict security measures for co-habitation with humans.
Recent MIT Research has also found that when humans work in tandem with robots, humans are 85 percent more productive than when either worked alone.
With Cobot’s growth rate currently running at 41.8%, the global collaborative robot market is expected to grow from a little less than $1 billion in 2020 to nearly $8 billion by 2026, growing at 15% compound annual growth rate (CAGR).
Just recently, two of the top robotic leaders, Universal Robots and Danish cobot manufacturer Mobile Industrial Robotics opened up a new collaborative automation centre in Barcelona for cobot production. The types of cobots manufactured are diverse and range from: disinfectant robots to autonomous mobile robots (AMRs) to move supplies. With over $52 billion and $60 billion a year for injuries in the US from moving supplies, there is…
