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Market Opportunity: Incorporation of AI and Edge Computing
One of the key opportunities for the market is the incorporation of artificial intelligence with collaborative robots. Artificial intelligence assists in enhancing data collection in unstructured environments. It also helps with flexibility improvements and aids in performing new operations. Moreover, technological advancements in edge computing have also made the operation of cobots easier and more flexible. With edge computing, programming is not required for installation, which decreases integration costs.
Collaborative robots, also known as cobots, are designed specifically to work with humans in a defined workspace. The combination of humans and robots in a workspace significantly improves performance, when it is shared optimally. The collaboration of robots and humans also allows several automation levels and human intervention. Collaborative robots are utilized for various purposes, including machine tending, assembling, and quality control activities. Moreover, unlike traditional robots that can hurt humans in their proximity, collaborative robots are equipped with sophisticated visual technology and sensors that help them detect and identify human presence.
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