Robots are the automatically controlled and programmed machines, designed to manipulate objects and navigate on three or more axes. Robots were first introduced in Europe, Japan, and the U.S., and are now used worldwide in a variety of industries.

The advent of robots has boosted the level competition in many industries. The work which was previously being accomplished by human beings is now being performed faster and better by robots – with twice the accuracy and efficiency.

This has made industries with no robotic facility lag behind in terms of productivity, cost effectiveness and technology, resulting in overall lesser profit margin.

Let us run an in-depth analysis of the link between robots and competition.

Cost and Performance

Most organizations haven’t yet replaced manual labor with automated robots because of the cost factor. Another factor is the perceived complexity of the robotic operations and programming. Most of the trend forecasters think that more industries will invest in robots when the cost of human labor rises well above that of robots, or when robots are mass produced economically.

What those businesses fail to realize is that most robots are faster than human beings, also better equipped to deal with dangerous undertakings. These qualities have made robots number one choice for industrial giants.

Technological Advances

Japan has recently manufactured a robot that can respond to and mimic emotions. This is the first step down the long road of creating robots which can actually think on its own. Current technological capabilities of robots include lifting objects, and advanced programming to deal with delicate situations. This gives leverage to industries using a robot to accomplish a task by completing the job at a quicker pace.

Accessibility for Small Manufacturers

The gradual advances in the field of performance, cost, and functionality in robots can give way to a robotics revolution.

As technical and economical barriers continue to diminish, robots are becoming more accessible for small manufacturers who require them for moving and programming their applications. In near future, more industries will shift to robotics to increase their efficiency and remain in the competition.

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