Robotics in business: Everything humans need to know

One kind of robot has endured for the last half-century: the hulking one-armed Goliaths that dominate industrial assembly lines. These industrial robots have been task-specific -- built to spot weld, say, or add threads to the end of a pipe. They aren't sexy, but in the latter half of the 20th century they transformed industrial manufacturing and, with it, the low- and medium-skilled labor landscape in much of the US, Asia, and Europe. You've probably been hearing a lot more about robots and robotics over the last couple years. That's because, for the first time since the 1961 debut of GM's Unimate, regarded as the first industrial robot, the field is once again transforming world economies. Only this time the impact is going to be broader. That's particularly true in light of the COVID-19 pandemic, which has helped advance automation adoption across a variety of industries as manufacturers, fulfillment centers, retail, and restaurants seek to create durable, hygienic operations that can withstand evolving disruptions and regulations.