The manufacturing sector has been greatly impacted by the Industrial Revolution and the world has moved towards automation and, finally, digital transformation is here to change the world with areas full of unexplored opportunities, IoT (Internet of things), and AI (Artificial Intelligence). The impact has been a customized production model instead of mass production. Digitization is happening on a rapid scale as customers’ demands and expectations are on a rise, leading to the integration of AI in electronic devices that see day-to-day use, making the entire operation automatic. The advent of artificial intelligence has meant a machine’s ability to learn and adapt to human behavior, which in turn led to robotics. Robotics is not a new concept; traditionally, robots were confined to performing repetitive tasks on the assembly line. Presently, robots are much more capable of identifying human behavior and are highly collaborative with different devices.
As industrial robots become smarter, faster, and cheaper, they are being used more than ever in the manufacturing industry. Does this mean robots will take over most manufacturing jobs? Some are of the opinion that robots will replace most jobs in the next 20 years. Whereas according to a survey done by PwC of US manufacturers, over one-third of manufacturers were of the opinion that the biggest impact robots will have on their workforce in the coming years will be that they will help create new job opportunities for making advanced robots and robotic systems.