By Spencer Smith, Director of Research
Originally posted on TheHill.com 12/21/16
Industrial automation technologies are not new. Articulated robots, for example, have been used for decades, primarily in the automobile industry.
However, the pace at which automation technologies are being adopted is increasing rapidly and a growing variety of industries are coming to rely on them. This acceleration is largely driven by two factors — improvements in information processing and changing labor force demographics in the world’s largest economies.
For the United States, these forces will likely lead to an increased investment in domestic manufacturing and industrial capacity.
We are, indeed, witnessing a revolution in industrial automation. However, it is important to separate the hyperbole from the underlying economic realities.
Read the full article here.