Category: Economics

Futura Automation Industry 4.0

By Vincent Rutgers Brand Contributor Deloitte Reprinted from Forbes Magazine, June 24, 2019 When it comes to the fourth industrial revolution, it seems no capability has been touted more than the connected enterprise. For years now, the connected enterprise—where everything from factory floors to retail shelves are digitally linked—has been one of the main objectives […]

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Industry 4.0 is a name for the current trend of automation and data exchange in manufacturing technologies.  It is also know as the Smart Factory or “Lights-out Manufacturing”. It includes cyber-physical systems, the Internet of things, cloud computing[1[2][3][4] and cognitive computing.  Artificial Intelligence (AI) plays a large role in executing the smart factory as do industrial robots and autonomous mobile robots, which are […]

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Here it comes.  It is the biggest economic disruption since the World Wide Web was launched on the back of the developing internet in 1992.  Maybe bigger.  Autonomous transportation in all its forms: cars, trucks, industrial equipment, even trains and planes, will change the world in ways we can’t even comprehend.  McKinsey agrees: Self-driving cars […]

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The hottest trend in dining today is the automated restaurant.  Every aspect of restaurant services are under review for updating and streamlining, mostly through automation.  The reason for this is the confluence of several current trends.  The trends are:  1. The reduction in cost of robots to do specific tasks.  2. The knowledge of robot […]

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Policy makers should begin to consider “life after robotics”.  Robots will undoubtedly improve quality of life.  But at what cost and with what concessions? Mass Human Labor is No Longer Needed. Where Do We Go From Here?

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