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Finance and economics generally focused on real estate

Archive for June 10th, 2019

Robots — free from their cages?

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I’ve long posited that the principle threat to manufacturing jobs in the future will be the robot.  Indeed, in there are presently 84 robots for every 10,000 workers in America, and almost 200 for every 10,000 factory workers.  In Korea, there are over 500 robots for every 10,000 factory workers.  One of the big constraints holding back the proliferation of robotics is the danger of human-robot contact.  Robots are smart in some ways, but very dumb in a lot of others.  Add to that the fact that they are huge and powerful, and you can see why most — in fact nearly all — robots on a factory floor are kept in cages.  The fencing is there not to keep the robots in place (they’re usually bolted to the floor) but to keep people from wandering into one.


Many of you may have seen Youtube videos of walking robots, and indeed the military is making use of mobile robots on the battlefield for a variety of purposes.  However, on the factory floor, mobile robots are usually limited in both size and scope.  This could all change, however, with new software and sensor technology which was just rolled out today by Veo Robotics.  These tools give the robots spatial awareness, and a monitoring system slows or even stops a robot if an unexpected human-size object is within a geofenced area.  When the obstruction leaves or passes, the robot can then continue as programmed, allowing work to proceed.

Four of the largest robot manufacturers have partnered with Veo on this project, which uses Microsoft’s Xbox Kinect depth cameras as a sensing device.  (Veo says they are working on their own technology to replace the Xbox tools.)

According to Patrick Sobalvarro, VEO’s CEO, “What we hear from every factory, every line manager … is that they can’t hire enough production workers. The production labor workforce is aging out, and one of the things we see as an advantage of our system is that physical strength will no longer be required for production workers.”  A recent study by McKinsey & Company suggest that almost half of human activities in the workplace have the potential to be automated.

Magdalena Petrova of CNBC has a great article on this, along with a video.  Click here to take a peek.  I can’t help but think that this is one of the more important issues facing the American workforce and productivity right now.

Written by johnkilpatrick

June 10, 2019 at 12:46 pm

Posted in Uncategorized

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