The Growth of Manufacturing Automation

Since the early 70s, advancements in technology have widely influenced the manufacturing sector with the aid of robotics, big data, machine learning, artificial intelligence, and the internet of things. Autonomous platforms have become the need of the hour with greater efficiency and higher productivity being some of the quintessential requirements of the current day and age. It is also not surprising to see large-scale manufacturing plants majorly--if not completely--run by robots and autonomous machines. Cobots, also known as collaborative robots are also playing a vital role in mass production industries. Owing to such trends, Robotics-as-a-service (RaaS) has become one of the widely sought out platforms with service providers offering rental and temporary acquisition of robotic hardware for industrial purposes.