![]() ![]() ![]() ![]() ![]() That is going to change because the workforce is getting older overall, and there is less need for people on the plant floor. Historically, employment growth and productivity were about even in terms of GDP. Automation is driving economic growth, Industry 4.0Īutomation, Mittal said, will be a key force driving global gross domestic product (GDP) growth. Lee Partners, said automation touches nearly all end markets and industries today, and it will continue to grow, according to his presentation “The Growth Opportunities for Robotics from the Venture Capital Perspective” at the A3 Industry Forum in Orlando. Gaurav Mittal, managing director, technology and business solutions, Thomas H. Acceptance is growing, but some companies need to overcome financial and cultural barriers to fully adopt and embrace automation as a solution.Īutomation is a $100 billion market compromised of robotics, software and artificial intelligence/machine learning (AI/ML) and hybrid markets that take advantage of the Industrial Internet of Things (IIoT).Automation can improve real-time decision making, quality control and the ability to predict what will happen next and give manufacturers the insights needed to improve their business.Automation is a rapidly growing part of manufacturing that touches nearly all end markets and industries today. ![]()
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