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Few technologies have been as essential or disruptive to manufacturing as automation, as thanks to this technology, we can now produce much fewer things than people. Modern manufacturing lines are more efficient. And cheaper to operate than previous versions. And automation is often associated with job losses and the destruction of communities. But what does the future of automation look like?
It has been steadily reducing the number of people required to manufacture production lines for decades, as factories can produce much more than factories in previous periods. Moreover, they can do so with a smaller workforce, where automation technology has played a major role in reducing manual labour costs for manufacturing. Yet, many jobs have disappeared in the process.
Today, nearly half of manufacturing’s working hours are over, but by 2030, analysts expect this percentage to drop to only 35%.
Harmony with Humans
The most apparent downside to automation is job losses for people. However, another essential issue to consider when considering introducing more automation in the workplace is that overinvestment in this technology can leave machines superior to humans.
As this article from Kettering university explains: “heavy job automation may increase profits, but it can contribute to an inhuman working environment. And less frequent human interaction may lead to workers feeling increasingly isolated and may reduce internal motivation.”
Maintaining the right balance while increasing the amount of it in the workplace will be one of the most important challenges for many companies over the next decade. A particularly prominent challenge in the manufacturing sector.
Accelerate Effects – Automation
We can already see the effects of increased it on the development of the manufacturing sector, and most analysts predict that mid-2020 is a turning point for automation in the workplace.
By mid-decad. Uup to 15% of all jobs in manufacturing, transportation, storage, wholesale. And retail could be automated to some extent. Not necessarily meaning that people would lose their jobs. But suggested that the nature of roles could change dramatically.
Less Expensive and More Efficient Systems
As with any technology, the more comprehensive automation technology is in place, the cheaper and more accessible it becomes. And the costs of establishing an automated manufacturing line are already much lower than they were just a few decades ago. As continued cost reductions are an essential factor in driving the sector’s growth as a whole.
From 2015 to 2025, analysts predict that the cost of industrial robots will drop by up to 65%, reducing automation prices. Still, the costs of hiring human labour continue to rise. A contradiction is responsible for accelerating the transition to a fully automated manufacturing line in many companies.
Job Creation Automation
We are all used to hearing that automation destroys jobs, but it is necessary to realize that this technology also creates jobs. Moreover, Just because some of the tasks that someone performs as part of their job are done automatically does not necessarily mean they will lose their job.
Like robots, we need automation — and the techniques that support it — to become more advanced. They are increasingly able to find and pull jobs. A decade from now. We may have automation robots that do the kind of tasks that we never thought could be automated.
Rebalancing The Economy Automation
Globally, one of the challenges posed by industrialisation is unequal distribution. Some countries rely more on manual labour than others. And countries with economies currently have most of the simple cognitive. And manual work tasks for which automation is responsible will feel that any rapid transformations are the most difficult.
In some countries, including America and Slovakia. The number of manufacturing jobs likely to be automated in the future is more than 50%. By contrast, only 31% and 32% of South Korea. And Japan manufacturing jobs are vulnerable to automation.
Like any sector in the technology industry that is vital to the future of the global economy, automation is evolving rapidly. Unfortunately, this rapid development may make it difficult to keep up with. And evaluate the latest trends that will likely have the most important impact.
The trends we have identified above are the most nominated trends to shape the long-term future of automation worldwide.