Role of Robotics Engineering in Entrepreneurship

By: A. Dahiya, K. Psannis

Drastic changes are being noticed in the technological field due to artificial intelligence and robotics. AI has become an increasingly prominent force in robotic solutions in recent years, incorporating flexibility and learning features in previously static applications. While performing jobs more easily, efficiently, with less labour disturbances, and with less money than traditionally achievable, robots are rapidly gaining momentum. This collaboration of AI, entrepreneurship and robotics has a broad range of applications ranging from manufacturing, healthcare, automotive, education, retail to every utility sector.

The development of Artificial Intelligence (AI) robots has given rise to recent rapid advances in robotics: a whole new kind of fully autonomous robot armed with the latest advancements in artificial intelligence. Global competition for research into AI robotics and the production of AI robots is growing exponentially from a business perspective, making it hard for us to pause and think how to handle AI robots in the future. The purpose of bringing forward this book series is to enlighten the research trends of AI in robotics in terms of collecting, managing, extracting useful knowledge and securing and to spread detailed practical knowledge among the readers working in the field.

The strong combination of robotics and entrepreneurship or is standing up to whole new possibilities for automation and wide range of applications. “Robotics” and “industrial automation” were interchangeable thirty years ago. Today, however, robotics is completely different from industrial automation, since anything from self-driving vehicles and drones to ground robots can be protected by the field of robotics. Today, in general, the term “robotics” implies a high degree of autonomy operating in often unstructured settings. This is the main differentiator between robotics and industrial automation, occurring almost entirely in highly organized environments such as cages, work cells for robots and exclusion areas for human beings.

Advanced technologies such as artificial intelligence, blockchain, robotics and IoT (Internet of Things) are powering the existing markets so quickly that it can be difficult for industry researchers and experts to keep pace. In terms of entrepreneurship and economic development, knowledge, ideas, creativity, and technical advances are essential factors. Most businesses aim to use AI and robotics technology to create a vast amount of creative new entrepreneurship opportunities and to stimulate social and economic progress in the creation of a higher standard of living. AI Robotics is currently being a facilitator, an instigator that creates a high degree of entrepreneurial recognition. The development of Artificial Intelligence (AI) robots has given rise to recent rapid advances in robotics: a whole new kind of fully autonomous robot armed with the latest advancements in artificial intelligence. AI and robotics have major influence in demand-based production, damage control and quick maintenance, automation and product design. Different types of robots are transforming the technological landscape, for example, collaborative robots, telepresence robots, warehousing and logistics automation, healthcare robots and self-driving vehicles. In reality, there is a need to develop solutions that lead to the rigorous production of AI robots by offering a tool for robotics entrepreneurs to create a permissible range of action under which AI robotics can be built.

Major breakthroughs in technology like artificial intelligence, robotics and big data analytics have major influence on every other domain. Though all these technologies are in their infancy, still there is a need to explore them as dramatic and transformative benefits can be unleashed through these technologies. This is a novel idea and emerging area of research; hence we can see a lot of potential and scope in these technologies. Analysis of AI, robotics and its applications for entrepreneurship is a very important domain and can contribute a lot in providing future research directions and dimensions to researchers.


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Cite this article:

A. Dahiya, K. Psannis (2021), Role of Robotics Engineering in Entrepreneurship, Insights2Techinfo, pp. 1

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