It’s an internet tradition.
The robotics company Boston Dynamics releases a video of its latest robot doing some advanced human-looking stuff and Twitter loses its mind.
Last month, the firm caught the viral wave with its robots getting their dance on. While the video was no doubt impressive, the practical applications — unless we’ve completely lost the plot here — weren’t readily apparent.
If you’re looking for practical examples of robots at work, a recent report from The Economist says the pandemic has ushered in a new wave of automation that’s here to stay.
… forecast to reach 3.2m units by the end of this year, double the count from 2015 — per research firm Robo Global. Within 5 years, the total spend on industrial robots could hit $73B, up 60% from today.
And COVID-19 is only accelerating the trend.
Despite the long-term cost savings from automation, corporate managers have to manage investor expectations when it comes to huge upfront cash outlays.
The pandemic — which is forcing all industries to re-imagine work — provides cover for big robotics investments.
According to The Economist, there are a few categories:
We’ve also seen increased demand for “collaborative robots” (AKA “cobots”) — from firms such as GreyOrange and Amazon-owned Kiva — which are designed to work with people.
Cobots are in particularly high demand for ecommerce warehouses, which are obviously booming.
We have no idea when the next viral Boston Dynamics vid will drop, but we hope that its next robot is 1% as useful as these army of cobots: