The term ”robot” refers to appliances and machines that are monitored and controlled by a computer. They are used extensively to ease human workload. Robots are designed to perform repetitive chores quickly and efficiently as compared to human beings. Robots are used in various types of industries, as they help save on labor costs.
Assembly Inspection. Proper part assembly is essential to any manufacturing process. Poorly assembled parts lead to malfunctioning, unsafe products. Machine vision systems equipped with fast, fixed focus cameras and LED illumination continuously inspect parts during assembly to verify the presence of characteristic features, and instruct robots to remove defect items from the production line.
According to Research Analyst, principal author of the market research study, “Industrial robot vendors have discovered that with intelligent use of new technology, they can dominate an aspect of some manufacturing automated process for a particular sector. As the early adopters in the auto industry have proven, robots do the work cheaper and better than humans once a repetitive process has been evolved. Industrial robots make the difference between winning competitive advantage or losing it. Solutions offered by vendors are creating market growth opportunities .”
Industrial robots promise to replace 70 to 90% of existing manufacturing jobs. People will learn new ways to achieve an economy, to achieve economic development. An economy needs to adjust, to be flexible if you gave pink slips to more than half the labor force.
Forex trading market is undeniably making the way to automation. Because of the surfacing of the automated foreign exchange robots, the patterns in foreign exchange suddenly changed. With these automated robots, many wonder if it will replace the work of the currency training advisors. It seems they can because of their abilities and capabilities to trade even without the human intervention and involvement of emotions in trading.