Robotic process automation refers to the use of software programs to perform tasks that have been previously performed exclusively by humans or at least, thought to be only possible to have been done by humans. These programs, referred to by the moniker ‘bots’, can be programmed to perform a variety of tasks. The so called ‘dumb’ bots can perform simple tasks like controlling and maintaining systems, monitoring levels and other mundane tasks that do not require any decision making and fall within well-defined rules.
The latest report added to the extensive research report database of Market Research Reports Search Engine (MRRSE) on the industrial logistics robots market states that the market will expand at a healthy CAGR during the forecast period and will be worth US$30 billion by 2020. This report is titled “ Industrial Logistics Robots: Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2020”.
Before I get into specifics, I’ll mention what this technology does and how it works. Day Trading Robot is a stock trading system which makes use of mathematical algorithms based on real trading techniques used by real traders to analyze market data and look for profitable trading opps. Once it’s found what it deems as being a high probability trading opportunity, it notifies you so that you can trade accordingly.
The idea of bringing back manufacturing jobs to have people, not robots, perform specific tasks to complete production would have a significant impact on the current state of the worldwide economy. The day and age of having only people perform automated jobs is over and Donald J. Trump will fail to bring back what he promised. This transition won’t appear to be cost-effective, the required high-tech relevant training will be scarce, and the worldwide economy would have less incentive to globalize.
Easier to work with. Robotic automation is much easier to work with than humans. Robots don’t require coaching or ongoing training. Once one Robot is trained to do the work, all other robots immediately learn the same things. Robots don’t require the same supervision as humans and can work 24 hours a day, 7 days a week, without a break.