ROBOTS ARE DRIVING THE INDUSTRIAL 4.0 REVOLUTION
Amazon , Twitch and Discord . 2023 saw the highest yearly total of tech job cuts since the Great Recession , with companies cutting more than 720,000 jobs from their budgets .
Given that robots can increase workplace productivity and reduce costs for businesses , the importance of widespread AI ethics and regulation has never been more paramount .
Ed Challis says : ““ Effective AI governance is critical for driving strong AI results . If implemented correctly , it can go further than positively affecting productivity and efficiency – it can also enhance an organisation ’ s risk and governance posture .
The Industrial 4.0 revolution has continued to increase into 2024 , with robotics and smart manufacturing driving global industrial robotics market trends .
In particular , Facts & Factors research estimates that the worldwide industrial robots market will grow from US $ 27.11bn in 2022 to US $ 60.57bn by 2030 , with the highest CAGR of 10.7 % from2023 to 2030 .
With an increased demand for robots , particularly those used in healthcare , logistics and manufacturing , businesses will need to ensure that they are deployed ethically – in line with the ever-increasing global AI market .
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