How will Robots change the World?

Global forecasting and quantitative analysis firm have released a new report that predicts robotic machines will displace about 20 million manufacturing jobs across the world over the next decade. Robots are becoming more and more effective at performing tasks that were formerly relied upon individual hands. This robotic revolution has been propelled by technological advances in automation engineering, technology, energy storage, AI and machine learning. Already, the amount of robots in use globally multiplied three-fold over the previous two years, to 2.25 million. Trends imply the international inventory of robots will grow faster in the next 20 decades, reaching as many as 20 million by 2030, with 14 million in China alone.