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How Robots Will Redefine Competitiveness

by Ekaterina Voronova, from Ekaterina Voronova, on Jun 13
Industrial robots were first introduced in Europe, Japan, and the U.S. in the 1960s. About 1.4 million industrial robots are in use around the world today.
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This article was first published on BCGPerspectives.com and is reposted on InnMind with editor's permission.  Article written by  Harold L. Sirkin, Michael Zinser, and Justin Rose from BCG Perspectives Industrial robots—machines that can be automatically controlled and reprogrammed and that can manipulate objects and move along three or more axes—were first introduced in Europe, Japan, and the U.S. in the 1960s. About 1.4 million industrial robots are in use around the world today. Yet even in many high-cost economies, the use of robots has remained limited in most industries. In Italy, for example, only one-half of 1 percent of tasks have been automated in the chemical and primary-metals industries, though around 14 to 16 percent could be automated today. Adoption rates have also remained...

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