According to American analysts, robots used in logistics and warehouses will be worth a whopping $30 billion dollar industry by 2022 end. The analysts estimated that the present global revenue from the technology is $8.3 billion dollar and prophesized that it will get tripled in the next three years.
Many organisations have already started working in that direction and made considerable investment in automation. In this era of high competition, some e-commerce giants have replaced almost all of their warehouse staffs with robots that can act independently to carry out orders.
Advanced Software Provides Increased Flexibility to Automation Technology
According to Tractica, a market research firm based out of Colorado, around one million of logistics and warehouse robots will be on the floor by 2022. Companies are already improving their fixed infrastructure to adopt scalable robotic and more flexible solutions.
Thomas O’Connor, an analyst at Gartner Inc., opined that such boom in the automation industry is made possible by the feasibility of emerging technologies to work outside purview of traditional controlled environments. He further said that introduction of deep neural networks, machine learning, and artificial intelligence has enabled a lot of automation. He believes that the robotic aspect of automation technology has been already in existence since quite some time, but the application of the software has led to increased flexibility.
Retailers who are currently accommodating large amounts of stock have earlier struggled with automation due to its rigidity. However, this is not necessarily an issue in an industry like manufacturing where production lines are quite common. Retailers are in need of more flexibility, which is something that AI is offering now.
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O’Connor believes that the boom in warehouse will ensure the creation of an improved work environment for human workers in warehouses instead of their displacement. As most of retail workers are placed in storefronts, it is likely that their jobs will remain relatively secured too.