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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