The IRMA Community
Newsletters
Research IRM
Click a keyword to search titles using our InfoSci-OnDemand powered search:
|
Robotics and Manufacturing: Implications for Economic Growth in the Future
Abstract
Manufacturing is the world's oldest and largest industry. Manufacturing has lapsed in investment when it comes to research and development, and robotics is an upcoming thrust area. The author of this book chapter discusses how strategic investments in education, innovation, and inclusive policies will determine whether society can harness robotics effectively for sustainable economic growth and prosperity. Robotics has resulted in significant increases in manufacturing productivity and efficiency, which have reduced operational costs and production errors. As automation changes employment dynamics, it contributes to economic growth, but it also requires substantial workforce adaptations and retraining. Robotics has dramatically improved the speed at which a product is manufactured and delivered to the consumer, which has resulted in lower costs and higher quality products. Technology is creating specialized technical roles; however, it also disrupts traditional employment, requiring workers who have been retrained to acquire a number of new skills.
Related Content
|
Duggirala Aravind, N. V. Suresh, R. N. Ravikumar, E. Eswara Reddy, Vanathi GopiKrishna, Kasukurthi Aravind.
© 2027.
36 pages.
|
|
R. Deepa, R. Chiranth, L. K. Shoba, V. K. Kishore, A. Bennet Prabhu.
© 2027.
34 pages.
|
|
Deepak Gupta, Ergashev Nuriddin, Rano Muradova, Sattarova Mahfuza, Rasulov Avazbek, Muslima Nazarova, Khayrulla Urozboev.
© 2027.
28 pages.
|
|
Karuturi Sri Mani Krishna, R. Rajesh, B. Surendra.
© 2027.
36 pages.
|
|
Jeremiah Renagi, Tingneyuc Sekac, Sujoy Kumar Jana.
© 2027.
26 pages.
|
|
Nelly Rose Gham, Sujoy Kumar Jana, Tingneyuc Sekac, Bikash Ranjan Moharana.
© 2027.
22 pages.
|
|
Arun Kumar Singh, Boaz Andrews.
© 2027.
28 pages.
|
|
|