Industrial automation is gathering pace as operational needs of enterprises are replacing their apprehensions. A fast-evolving digital landscape will dictate further innovations and, in the process, the way we envision lives and businesses. Here are five ways industrial automation is expected to change the world we live in:
Smarter Plants, Reduced OPEX, Greater Efficiency As Industry 4.0 disrupts enterprises, the essential goal for businesses is to get more for less. Industrial automation, powered by AI/ML and analytics, is forming operational frameworks, mainly through RPA and NLP. This is going to make factory floors smarter, faster, and more efficient, at a considerably lower OPEX. Another major value addition will be the standardization of processes and output.
Online Marketplaces While industrial automation is proliferating the entire industrial ecosystem (and thereby, our lives), a few industries have been more steadfast than the rest in embracing the changed status quo. Amazon has showed the way in the retail space by automating mass-scale operations and creating a brand of consumerism not seen before. Much of this can be credited to Amazon’s timely deployment of NLP-based customer services tools.
Autonomous Vehicles, Smarter Logistics The automobile industry is investing heavily on automation in order to put cars on the road that are self-driven. Reports strongly suggest that autonomous vehicles will be made reality as early as 2020, with experts believing that by 2040, more than half of global travel happening on autonomous vehicles. The logistics industry, which is already reliant on physical robots, will be directly benefitted by smarter vehicles and automated delivery models.
Holistic Healthcare Providing better healthcare has always been attached to human expertise, but as the age of automation dawns, experts expect healthcare to undergo a sea change that will place the patient-caregiver relationship front and center, empowered by precision medicines, thanks to AI/ML. This will make healthcare more affordable and far-reaching.
Surveillance and Security In an age of heightened security threats around the world, AI/ML and analytics-backed automation is deemed to play a critical role in security profiling and surveillance. While it is commonplace for cameras monitoring crowded public spaces, analytics will help the systems to identify possible risks and recognize probable carriers of such threats. Though, algorithms should be carefully developed before entrusting such automated systems with a greater responsibility of risk-elimination over and above risk-detection.