Robotic process automation has the potential to spark the next industrial revolution. Bots have been designed that can write literature and compose original music. They are so good at these seemingly ‘creative’ endeavours that humans cannot distinguish between music created by a software program and that by a human composer. Extrapolating from this, smart bots have also found application in developing computer programs and writing code.
There was an interesting talk given by Regina Dugan of DARPA on December 14, 2011 for the engineering students and social studies students at MIT titled; ”Just Make It” which of course is a ”take-off” literally on the Nike Brand theme; Just Do It! – in this talk she mentions an aircraft manufacturing company which works without assembly lines and has been able to increase time to build from start to finish by a factor of 2. Each aircraft stays put, the folks working on it move. Okay so, that makes sense, and Rolls Royce and other high-end auto manufacturers use similar techniques, as to many of the hand-crafted high-end specialty cars.
Contour Inspection. Machine vision systems for contour inspection examine the profile of an object using high-resolution cameras and 3D sensors to ensure it is free from deviations (e.g. chips), which affect the shape and thus the function of the product. They also check measurements such as length, width, and radius to ensure they are within set parameters.
The idea that Mr. Trump wants to bring back thousands of jobs for blue-collar working American’s provides less incentive to globalize the world’s economy. Bringing back manufacturing jobs would bring our economy back to a pre-globalized world. Essentially this would create such an economic inequality among citizens to the point where some workers are working in a modern era, while others would exist in an economy similar to that of the 1940s and 50s. This case would prove that it would be harder to globalize in a world with very different economies. Bringing back manufacturing jobs would penalize the current free world trade that many can argue its numerous benefits. Donald J. Trump is and always has been in favor of free trade, so bringing back jobs to the United States would ultimately put a forever halt on globalization and innovating inside today’s world economy.
A detailed segmentation evaluation of the Industrial Robot market has been provided in the report. Detailed information about the key segments of the market and their growth prospects are available in the report. The detailed analysis of their sub-segments is also available in the report. The revenue forecasts and volume shares along with market estimates are available in the report.