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Robotics Advance with AI Technologies

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These solutions are predicted to increase operation costs savings by 8.5%. 8.5% 1 Challenges — and Opportunities — in the Industrial Robotics Sector Despite surging interest in industrial robotics, fundamental challenges still exist when trying to perform business operations and automate work- flows across hybrid network environments and disparate systems. But recent advances in artificial intelligence (AI) combined with new communication technologies, including 5G, help integrate robotics into software-defined infrastructures as part of the full-scale digital trans- formation of organizations. This confluence of technologies creates abundant opportunities for factory automation, transportation break- throughs, and unprecedented efficiency. Expanding the range of use cases for robotics in Industrial IoT (IIoT) en- vironments requires resolving long-standing technical roadblocks. This includes the challenge of integrating diverse components across het- erogeneous networks; employing machine learning to build and operate intelligent systems that adapt to workflows; and implementing respon- sive, low-latency communication services to interact with robotics sys- tems in real time. The fourth industrial revolution, popularly known as Industry 4.0, is driven by digital transformation, high-speed connectivity, lightning-fast communications, IIoT best practices, and AI technologies. These solutions are predicted to increase operation costs savings by 8.5%, 2 according to ABI Research and Ericsson. Those organizations that embrace the empowering technologies are well positioned to gain the benefits conferred: organization-wide cost savings, greater agility in software development and deployment, more complete integration with existing business units and systems, and enhanced efficiencies across all areas of business operations. 2 connectedworld.com/industry-4-0-and-ai-best-practices/ Integration of AI and robots will spur market growth by a projected CAGR of 15.1% over the forecast period, reaching USD 66.48 billion by 2027. — Fortune Business Insights, June 25, 2020 1 1 .globenewswire.com/news-release/2020/06/25/2053482/0/en/Industrial-Robots-Market-to- Reach-USD-66-48-billion-by-2027-Integration-of-AI-in-Robots-to-Promote-Growth-states-Fortune- Business-Insights.html

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