Executive Briefings

Is Widespread Adoption of Robotics Imminent?

Robotics has played a significant role in shaping the manufacturing environment for decades. Yet the impact of robotics in manufacturing has traditionally been directed at industrial manufacturing (think automotive manufacturing). This is all about to change as the new wave of robotics are equipped with intelligence systems, designed for flexibility and mobility, armed with sensors to enable human and robot collaboration, and are priced more attractively for a broader base of buyers.

In addition, the maturity and evolution of today's IT landscape, has built out a platform to enable this next generation of robotics. Things such as the cloud, Internet of Things, cognitive computing, and advanced analytics have given robotics developers the tool set by which to more effectively develop and deliver innovative new robots to the market.

The excitement around this market is underscored by the 170 percent increase in venture capital spending that went into robotics between 2014 and 2015. Capital raised by start-ups, growth phase, and expansion phase companies in the field of robotics topped $1bn in 2015, indicating that the market is ripe for growth and that the widespread adoption of robotics is imminent.

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In addition, the maturity and evolution of today's IT landscape, has built out a platform to enable this next generation of robotics. Things such as the cloud, Internet of Things, cognitive computing, and advanced analytics have given robotics developers the tool set by which to more effectively develop and deliver innovative new robots to the market.

The excitement around this market is underscored by the 170 percent increase in venture capital spending that went into robotics between 2014 and 2015. Capital raised by start-ups, growth phase, and expansion phase companies in the field of robotics topped $1bn in 2015, indicating that the market is ripe for growth and that the widespread adoption of robotics is imminent.

Read Full Article