Robotic technology is an increasingly pervasive force, to say the least and the oil and gas industry isn't immune. Despite their size and potential investment capital, the oil and gas industry hasn’t previously been a huge adopter of robots. At least, that is, until now.
There are less obvious costs when investing in automation that many companies may overlook. On the other hand, there are also cost benefits they don’t account for either. Achieving ROI depends on knowing how to accurately determine ROI in the first place.
This past January, a new organization was formed, aimed at improving innovation, education and creating more jobs in the robotics industry. The Advanced Robotics for Manufacturing (ARM) Institute, currently with $253 million in public and private funding, is the first nationwide collaboration of its kind.
Adoption of robots in the industrial sector is on the rise, and is expected to continue rising for the foreseeable future. There’s little doubt that automation is the way of the future for manufacturing, which leaves the robotics industry poised to be a highly influential factor in the global economy.
The Association for Advancing Automation (A3) recently embarked on an in-depth study of automation and its impact on the workforce. What we found reinforces our mission. As automation changes jobs, new, stable, well-paying jobs are opening faster than employers can fill them.
There’s a lot of fear surrounding robots’ potential to steal jobs from American workers. However, historically, automation has created jobs we weren’t aware could even exist. So what does the future of automation and American jobs look like? And why are many optimistic?