The rapid growth of robotics is reshaping the global economy post pandemic.
Robotics is a branch of engineering that involves the conception, design, manufacture and operation of robots.
The robotics industry has witnessed tremendous growth during these past couple of years.
In the past, the interaction between machines and humans used to be boring and limited. But, recent development helped robots become much more efficient and entertaining. Today’s robots can verbally interact, provide help and save lives. They are becoming much smarter with every passing day.
Realizing the potential of robotics, many organizations have taken significant steps to bring robotics into application in diverse and unique fields. For instance, MIT has introduced to the world a soft robotic fish called SoFi to help save the ocean, whereas NASA is all set to send a swarm of robots to Mars, similar to a swarm of bees. With sophisticated electronic components and detailed programming, there is a lot more to look out for in the future with robotics.
Growth of the Robots Industry: Towards a Better Future
Robotics has come a long way since its advent in the 1920s. From huge and bulky robots to lightweight RoboBees and from wired to wireless robots, the evolution is commendable. Trends in robotics have changed to the extent where robots can now have a citizenship as well. Furthermore, the contribution of robots in various business and social spheres is continuously expanding. For instance, in the field of industrial automation, Co-bots are seen lending a helping hand today. In the healthcare industry, robots are assisting doctors to carry out delicate surgeries. Besides, witnessing robots taking charge of your entertainment in shopping malls, amusement parks, and trade fairs is also not a rare sight today. Here are five factors supporting such rapid growth of the robotics industry:
Co-bots are collaborative robots that are programmed to interact with humans and work in a shared workspace. For instance, an American manufacturing company has accepted collaborative robots as their employees. When companies start to embrace such work culture, there is an assurance that robotics is moving beyond machinery into the realm of everyday life.
‘Robotics as a Service’ is a business model where robots can be rented or leased on an hourly or monthly basis to offer services such as patient monitoring in the healthcare sector to look after the elderly people in the house. If a news piece was to be believed, RaaS has a significant potential for growth in 2018-2022.
3. Artificial Intelligence Integration
Artificial intelligence (AI) and machine learning (ML) have shown robotics new areas to explore. Machines are given rigorous training and are fed with improved data to make intelligent decisions without any human intervention. For instance, using the combination of AI and ML in robotics, M.I.T has created a robot named Kismet that recognizes the body language and voice of a human and responds appropriately. Artificial intelligence and robotics are together expected to create many job opportunities in the coming times.
4. Mobile Autonomy
The concept of autonomous vehicles has been around for a long time now. Organizations dealing with manufacturing, production, and supply chain businesses are thinking about using mobile autonomy in their businesses. As a result, mobile robots are being used in many such organizations to shift things from one place to another. For instance, a logistic mobile robot named ‘Chuck’ made by a company based in Massachusetts is earning a lot of bucks in the e-commerce and the logistic industry. In the coming times, we will be seeing mobile robots in motion in warehouses, airports, and hospitals as well.
5. Cloud Robotics
Robots can access the information stored on the cloud with the cloud robotics. As a result, robots will not have to carry an extra baggage of memory inside, making them lighter, cheaper and smarter. Therefore, there will be a significant increase in the production of robots, eventually leading to an exponential growth in the robotics market. It seems robotics has a lot to offer in the future. The deeper we dive into the concept, the possibilities become endless. So, get set to explore the possibilities for applying robotics in your area of business, today!
Looking to replace your POTS lines? Digital alternatives are here
The time to act is now; this is the year to replace your older POTS lines.
The History of POTS
Plain old telephone services (POTS), have taken many forms since 1876, with older generations first knowing them as the landlines found in homes. However, by the mid-2010s, many organisations began moves to reduce their reliance on POTS, which was fuelled by the shift to VoIP, as well as the expectation that carriers would eventually retire their expansive networks of maturing copper lines.
Businesses first began by moving their copper line services to other forms of technology, such as DID on the PRI, eFax, SIP, or IP-based technology. At the same time, they found not all services worked well with VoIP. Those requiring an analog dial tone remained on POTS lines (including those mandated by law), such as faxes, alarms, point-of-sale devices, elevators, and e-911.
What this meant was by 2021, as POTS lines were no longer being support, many organisations found themselves still stuck with POTS lines for business-critical voice and fax services, but without an attractive alternative solution in sight.
Why It’s Time to Cut the POTS Cord
Cutting POTS can significantly cut your costs.
While the POTS in action may seem easy, as it’s essentially transmitting signals over a wire, the infrastructure required to support the communication is intricate. Calls made on POTS lines move across multiple places on a grid, traveling through mechanical buildings and parts like copper lines, switchboards, and towers. This aging physical infrastructure, which can be affected by weather-related outages and needs regular maintenance, creates costs for carriers, which is passed on to customers. Alternatively, digital lines don’t require the same investment as physical lines, making them less costly. On average, MetTel often is able to provide an immediate 30% reduction in fees when clients shift their POTS lines to digital solutions.
POTS’ Longevity is Coming to an End
Due to the complexity of upkeeping POTS infrastructure, many carriers have announced their plans to discontinue support for copper lines. Recently, major carriers like Verizon, AT&T, and CenturyLink have set dates to retire their POTS support. However, with many organisations still relying upon POTS to run their fax lines, alarms, point of sale, and elevator call buttons, they may soon find themselves in a difficult position. Without a POTS transformation strategy in place, healthcare facilities will no longer have access to fax machines, office high rises with no access elevator emergency lines, and brick-and-mortar stores without security or fire alarms to protect their goods.
A Reliable Alternative for POTS Comes to the Rescue
MetTel has developed a new solution, POTS Transformation, to provide a long-term path forward for organisations who still rely on POTS for their business-critical applications. MetTel provides a fully-managed service and support with deployment to replacement, as MetTel manages the entire migration process to ensure a seamless transition.
MetTel POTS Transformation offers:
- Turn-key deployment, including managed equipment and professional installation
- Business continuity, even during network outages
- Ongoing management from 24/7/365 US-based NOC monitoring & support
- LTE/5G connectivity for new locations and wireless backup services for existing location with broadband access.
Why POTS Transformation
MetTel’s on-demand webinar provides more information about the MetTel POTS Transformation network, deployment and installation process, as well as technical specs. Plus, we discuss real-world results, including a case study from a healthcare client who is receiving a 40% savings from migrating their POTS lines to MetTel’s solution.
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