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Why Brands Should Leverage Robots, How Robots Are Being Utilized By Companies To Replace Human Workers, And The Implications Of Having A Robotic Workforce On Gross Domestic Product And Jobs

2020-02-26
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Release : 2020-02-26
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Book Synopsis Why Brands Should Leverage Robots, How Robots Are Being Utilized By Companies To Replace Human Workers, And The Implications Of Having A Robotic Workforce On Gross Domestic Product And Jobs by : Dr Harrison Sachs

Download or read book Why Brands Should Leverage Robots, How Robots Are Being Utilized By Companies To Replace Human Workers, And The Implications Of Having A Robotic Workforce On Gross Domestic Product And Jobs written by Dr Harrison Sachs. This book was released on 2020-02-26. Available in PDF, EPUB and Kindle. Book excerpt: This essay sheds light on why brands should leverage robots and elucidates how robots are being utilize by companies to replace human workers. Moreover, the implications of having a robotic workforce on gross domestic product and jobs is delineated in this essay. A new development that is related to relationship marketing that is likely to emerge as companies strive to become the premium brand in their respective niches is the utilization of robots on a global scale as a mean to provide exceptional value to customers. Robots are perhaps the quintessential employees for brands to leverage since they are far less costly to employ and are not a liability to the company. Robots are also far more productive and efficient at accomplishing specific tasks than humans and do not require a salary nor wage. Moreover, robots do not demand fringe benefits, "cannot make errors as a result of having already been programmed to execute specific tasks flawlessly, never call in sick for work, and will never show up late for work" ("What is a,"). Industrial manufacturing robots, kitchen robots, retail robots, warehouse robots, hospital robots, hotel robots, packaging robots, agricultural robots, semi-automated machines, and automated software processes are becoming more prevalent on a global scale. For instance, the usage of industrial manufacturing robot have been an enormous benefit to the manufacturing industry. The utilization of industrial manufacturing robot has not only rendered the production of products more viable on a global scale along with minimal manufacturing deficiencies and higher quality control standards being upheld, but has also rendered product prices far more affordable. The displacements of a human factory workforce for a robotic workforce has revolutionized the manufacturing industry. Since nearly every job can be broken down into a set specific tasks, robots are continually being programmed to have the capabilities necessary to flawlessly complete the requisite set of tasks for more and more jobs. The usage of robots by brands will become far more profound as robots become more sophisticated and can do far more beyond just completing a set of specific tasks, such as preparing food, transporting luggage, moving around warehouse items, manufacturing products, and providing hospitality services. Artificial Intelligence will likely be able to more effectively communicate with humans and assimilate knowledge more expeditiously as machine learning and other technologies become more advanced. Robots and semi-automated machines are able to provide customers with services instantaneously without making any critical errors. Furthermore, companies can pass on the cost savings associated with having semi-automated machines and robots as part of their workforce to provide customers with lower prices which ultimately renders more value to the prices of the company's brand products. The utilization of robots not only allows "consumers would not only be able to reap a bigger bang for their buck" ("bang for the," ) when procuring products and services, but also become more satisfied with the brand as a result of the brand being able to exceed their expectations in regards to the pricing, quality of service, speed of service, and level of the reliability of the service. Robots should be utilized on a global scale by brands in order to eminently enhance the quality of services that relationship marketing activities can provide to consumers. If the robotics industry were to substantially grow and become mainstream then more markets would be brought to fruition and a copious amount of new jobs would also be created as demand for business robots amplifies. Moreover, gross world product could reach an unprecedented height if nearly all positions for rudimentary jobs were displaced by robot workers which would ultimately allow companies to substantially decrease their labor costs and provide services in a more expeditious manner.

The Difference Between Traditional Machine and Robot To

2021-07-05
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Release : 2021-07-05
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Book Synopsis The Difference Between Traditional Machine and Robot To by : Johnny Ch LOK

Download or read book The Difference Between Traditional Machine and Robot To written by Johnny Ch LOK. This book was released on 2021-07-05. Available in PDF, EPUB and Kindle. Book excerpt: Some researchers constructed a measure of the use of robots--commonly referred to as "robot intensity"--to estimate trends in robot exposure across more than 250 metropolitan areas and over time, finding that: During the Great Recession, robot intensity plummeted. But since 2009, robot intensity has sharply increased nationwide. They felt that robots may influence recession in possible. How are robots going to affect our jobs? Most analysis tends to be prospective in nature, and estimates of future impacts on employment vary widely, with some studies predicting that as many as 50 percent of all workers are at risk of losing their jobs to automation. Even less is understood about the actual impacts of robots on jobs, wages, and workers today. If there are many low skillful jobs e.g. cleaner, warehouse deliver, cooker, restaurant waiter etc., even high skillful jobs, e.g. accountant, lawyer, doctors etc. occupations are replaced by robotics. Then, our societies will increase unemployed people number. Consequently, great recession will be caused by robotic workers because when our societies have many people lose jobs, then many people loss income, then our consumption desires may be influenced to reduce. Consequently, many businesses may lose many customers. Low consumption desires may bring serious recession to any countries, due to robotic workers number increases to replace human workers in global societies. The reason is that new technologies of the period have enabled people to be very productive while working part-time. Businesses do not need large numbers of employees, so individuals can devote most of their waking hours to hobbies, volunteering, and community service. In conjunction with periodic work stints, they have time to pursue new skills and personal identities that are independent of their jobs. Developed countries may be on the verge of a similar transition. Robotics and machine learning have improved productivity and enhanced the economies of many nations. Artificial intelligence (AI) has advanced into finance, transportation, defense, and energy management. The internet of things (IoT) is facilitated by high-speed networks and remote sensors to connect people and businesses. In all of this, there is a possibility of a new robotic society that could improve the lives of many people, but it also encourage future businesses apply robotics to replace human workers to do many jobs in finance, transportation, defense and energy management, medical health, hotel, tourism, cinema, theatre etc. entertainment service fields. So, robotics may bring reducing cost benefits to businessmen, but they can also increase workers losing jobs number in our societies if future many businesses make decision to apply robotics to replace human workers to do any simple ot complex jobs in global job market. A McKinsey Global Institute analysis of 750 jobs concluded that "45% of paid activities could be automated using 'currently demonstrated technologies' and . . . 60% of occupations could have 30% or more of their processes automated."[6] A more recent McKinsey report, "Jobs Lost, Jobs Gained," found that 30 percent of "work activities" could be automated by 2030 and up to 375 million workers worldwide could be affected by emerging technologies. Researchers at the Organization for Economic Cooperation and Development (OECD) focused on "tasks" as opposed to "jobs" and found fewer job losses. Using task-related data from 32 OECD countries, they estimated that 14 percent of jobs are highly automatable and another 32 have a significant risk of automation. Although their job loss estimates are below those of other experts, they concluded that "low qualified workers are likely to bear the brunt of the adjustment costs as the automatibility of their jobs is higher compared to highly qualified workers."

How Robotic Brings Future Labor And Business Market Change

2020-09-04
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Release : 2020-09-04
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Book Synopsis How Robotic Brings Future Labor And Business Market Change by : Johnny Ch Lok

Download or read book How Robotic Brings Future Labor And Business Market Change written by Johnny Ch Lok. This book was released on 2020-09-04. Available in PDF, EPUB and Kindle. Book excerpt: AI industry development first stageAlthough, (AI) technology will be popular to applied to different jobs, but it still needs social acceptance to replace some human jobs. Today, it is increasingly common for people to use robots in various situations at home and in retail stores, hotels and hospitals. Robots are classified into several types based on their functionality ( service and utility robots or those designed to communicate with humans ) and appearance ( humanoid robots or mechanical robots). The types of robot to which every country attaches particular important in the advance of robotics, reflects the sense of values and preferences of its population . Thus, (AI) will be applied to replace human to do these above different kinds of job nature. For example, U.S. has the highest level of robot utilization at home and an retail stores with its people being the most enthusiastic about the future use of robots. Otherwise, Germany shows a strong tendency to consider robots for industrial purposes, and its people feel strong to the presence of robots in their households. Japanese accepts to apply" human aid robot" that can communicate with humans and they have a high level of familiarity with robots.Hence, it implied those three countries have accept (AI) to replace human to do any these kinds of job duty and it will influence these three countries' workers lose their old occupations and who will unemployed absolutely, due to many (AI) robots replace them to do their job duties in the future. Also, US will have many retail service workers or retail warehouse workers are unemployed. Germany will have many manufacturing industry's workers are unemployed. Japanese will have many communication industry workers are unemployed, such as telephone service, shopping center services etc. different kind of service industry's service staffs . It will cause these kind of workers' competitive abilities are lost in themselves countries' jobs that require such skills include software developers, court judges, nurses, high school teachers, dentists and university lecturers, these occupations are still difficult to be replaced by (AI) robots.Are robots taking our jobs or making them? In fact, our societies will have unemployment challenges, even (AI) technology has not created before. However, after (AI) robots invention, some of human jobs will be replaced and it can raise many low skillful and low knowledge level worker unemployment number. However, I think that high productivity driven by increasingly powerful IT -enabled machines is the causes of global labor market problems and accelerating technological change will only make those problems worse. IT technology brings this question: Are robots killing human's jobs or benefiting human's jobs? I suppose that there is a limited amount of labor to be done. The implication is that technology can create unemployment by displacing workers, such as (AI) invention, because the more efficiently worker work ( using machines or (AI) robots), the loss work there is for workers to do. Even, any new jobs will be better done by machines or (AI) robots, and unemployment will still skyrocket. How do we know that humans will always be better at some work, or more importantly, enough work, than machines or (AI) robots, e.g. human drivers drive more safe or careful to compare (AI) robot drivers. But, the challenge is that it is not ensure that (AI) robots drivers must not drive careless to cause the chance of accident occurrences more than human drivers. However, technological change can be beneficial to innovation, automation and increasing productivity for businesses.

The Future Of The Robotics Industry, How Robots Will Revolutionize Ample Industries, The Benefits Of Leveraging Robots In Global Industries, And How To Earn Substantial Money Online So That You Can Afford To Integrate Robots Into Your Own Business

2020-04-20
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Release : 2020-04-20
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Book Synopsis The Future Of The Robotics Industry, How Robots Will Revolutionize Ample Industries, The Benefits Of Leveraging Robots In Global Industries, And How To Earn Substantial Money Online So That You Can Afford To Integrate Robots Into Your Own Business by : Harrison Sachs, Dr

Download or read book The Future Of The Robotics Industry, How Robots Will Revolutionize Ample Industries, The Benefits Of Leveraging Robots In Global Industries, And How To Earn Substantial Money Online So That You Can Afford To Integrate Robots Into Your Own Business written by Harrison Sachs, Dr. This book was released on 2020-04-20. Available in PDF, EPUB and Kindle. Book excerpt: This essay sheds light on the future of the robotics industry and explicates how robots will revolutionize ample industries. Moreover, the benefits of leveraging robots in global industries are demystified in this essay. Furthermore, how to earn substantial money online in the digital era so that you can afford to integrate robots into your own business is expounded upon in this essay. The future of the robotics industry will not only be characterized by dynamism as it continues to metaphorically evolve, but will also be eminently auspicious for robot manufacturing companies even though it will present fewer job opportunities for human laborers. In the coming years, the robotics industry will continue to make advancements to robotic technologies that extend beyond the ambit of robots being able to efficaciously leverage the power of deep learning to flawlessly execute learned tasks. Technological breakthroughs are being made in the growing field of robotics for the prospect of rendering robots intelligent and autonomous. "The current focus of the industry tends to be on giving robots vision. Specifically, the rise of machine vision technology. This, combined with the advancement of the Internet of Things, gives robots the ability to process images and understand what they are 'seeing'. As this technology continues to proliferate, the next step is giving robots the ability to apply these things to learn on their own. For example, a robot can currently be programmed to pick up and place items, but in the future, it will combine machine vision with machine learning to figure out its own programming through trial and error" (Davids, 2018). By leveraging machine learning and machine vision robots will be capable of seamlessly learning anything complex. In the coming decades, advancements will be made in the areas of machine learning, machine vision, deep learning, artificial intelligence, and robotic mobility. In the coming years, the robotics industry will also give rise to more collaborative robots which will work alongside human laborers. "This reflects the focus of the industry towards creating robots that are simpler, easier to program, and able to integrate into current processes. To make these robots safe, there is a large market for safety sensors that ensure humans can work alongside the robots without any significant risks. Machine vision will contribute to this as well, offering robots the ability to 'see' when someone is in their workspace" (Davids, 2018). Human will work alongside collaborative robots in order to be able to complete tasks more efficiently and productivity through sequential collaboration efforts. The future of the robots industry is not limited to advancements in collaborative robots, such as hand guiding collaborative robots or "speed and separation" ("What are the," 2019) collaborative robots. "The future will continue to enhance technologies, such as 3D embedded vision, multispectral, and hyperspectral imaging. This, combined with artificial intelligence and deep learning, will empower industrial robots to improve themselves and keep pace with the human workers around them" (Davids, 2018). In the coming decades, robots will have the capability to outperform human laborers in every facet a job as they become more technologically advanced. Robots will not only be able to teach themselves how to perform cumbersome tasks, but will also be able to incessantly work without taking breaks nor making errors. Robots can also work around the clock without succumbing to fatigue and can also work in a lights out environment with air conditioning. Beyond collaborative robots becoming more prevalently leveraged by companies in the pending years, industrial robots will also be utilized more by companies in the coming years. "The industrial robot industry for instance is expected to grow 175% over the next nine years and will result in more competition and innovation" (Davids, 2018).

World Development Report 2019

2018-10-31 Business & Economics
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Release : 2018-10-31
Genre : Business & Economics
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Book Rating : 566/5 ( reviews)

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Book Synopsis World Development Report 2019 by : World Bank

Download or read book World Development Report 2019 written by World Bank. This book was released on 2018-10-31. Available in PDF, EPUB and Kindle. Book excerpt: Work is constantly reshaped by technological progress. New ways of production are adopted, markets expand, and societies evolve. But some changes provoke more attention than others, in part due to the vast uncertainty involved in making predictions about the future. The 2019 World Development Report will study how the nature of work is changing as a result of advances in technology today. Technological progress disrupts existing systems. A new social contract is needed to smooth the transition and guard against rising inequality. Significant investments in human capital throughout a person’s lifecycle are vital to this effort. If workers are to stay competitive against machines they need to train or retool existing skills. A social protection system that includes a minimum basic level of protection for workers and citizens can complement new forms of employment. Improved private sector policies to encourage startup activity and competition can help countries compete in the digital age. Governments also need to ensure that firms pay their fair share of taxes, in part to fund this new social contract. The 2019 World Development Report presents an analysis of these issues based upon the available evidence.

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