The growth of industrial robot revenues eased back in 2019 however it is predicted to get again towards late 2020 and quicken in 2021, as indicated by new market research from Interact Analysis. Interact Analysis delivered another market report zeroing in on the industrial robot market which outlines reasons to be positive in the division, notwithstanding a quick, short term decline in incomes. The report really expounds around explicit headwinds that have challenged development in that sector, including the slowing down of the worldwide economy, trade wars and vulnerability in the worldwide automotive industry. Compared with 2017, where incomes related to industrial robots increased by 20%, predicted decrease of 4.3% in 2019 have caused some worry. While the novel Covid pandemic started a couple of months back, March 2020 was the point at which it influenced the worldwide economy.

What effect will job displacement due to AI have on the worldwide economy? As outlined in my new book AI Superpowers, 40-50% of our jobs will be technically and economically doable by AI and automation over the next 15 years. So AI certainly cannot do most things that we humans can do. Disruption will hit the industry in areas with the largest number of routine jobs – manufacturing, call centers, banks, retail, etc. It will also cause existing players to compete on their speed of automation.

What effect will job displacement due to AI have on the worldwide economy? As outlined in my new book AI Superpowers, 40-50% of our jobs will be technically and economically doable by AI and automation over the next 15 years. So AI certainly cannot do most things that we humans can do. Disruption will hit the industry in areas with the largest number of routine jobs – manufacturing, call centers, banks, retail, etc. It will also cause existing players to compete on their speed of automation.