Gartner today revealed its top strategic predictions for 2024 and beyond. Gartner’s top predictions explore how generative AI (GenAI) has changed executive leaders’ way of thinking on every subject and how to create a more flexible and adaptable organisation that is better prepared for the future.
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The rapid growth of artificial intelligence (AI) in the financial technology (fintech) sector is expected to reshape the industry and drive significant market expansion, according to a recent report from StockApps.com. The report predicts that the Global AI in Fintech Market will reach an astounding $39 billion, representing a staggering 350% increase anticipated between 2023 and 2032.
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The German robotics and automation sector is on track for another record year: the industry is forecasting a 13 percent increase in sales to 16.2 billion euros in 2023. In 2022, companies already recorded a 5 percent sales increase to 14.3 billion euros, says VDMA Robotics.
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China’s massive investment in industrial robotics has put the country in the top ranking of robot density, surpassing the United States for the first time. The number of operational industrial robots relative to the number of workers hit 322 units per 10,000 employees in the manufacturing industry. Today, China ranks in fifth place. The world’s top 5 most automated countries in manufacturing 2021 are: South Korea, Singapore, Japan, Germany and China. This is according to the World Robotics 2022 report, presented by the International Federation of Robotics (IFR).
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UK industrial workplaces have automated far fewer processes than most other countries and are significantly below the global average for robot adoption. Every day, UK workers spend a lot of time and effort on internal logistics. Now, a number of robotics experts in the UK have come together to show how UK manufacturing can become more competitive through the automation of manual tasks. Learn more in the upcoming online event for interested parties across the UK.
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The North America medical robots market is expected to grow from US$ 3,982.30 million in 2022 to US$ 11,112.23 million by 2028; it is estimated to grow at a CAGR of 18.7% from 2022 to 2028, according to The “North America Medical Robots Market Forecast to 2028 – COVID-19 Impact and Regional Analysis By Product, Application, and End User” by ResearchAndMarkets.com.
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Gartner Top Predictions, AI and virtual workplace top of list
Gartner has revealed its top strategic predictions for 2023 and beyond. Gartner’s top predictions explore how business and technology leaders can reimagine assumptions and seize the moment to turn uncertainty to certainty.
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The new World Robotics report shows robot installations in the United States were up by…
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Global RPA software and services market will be worth $20.1 billion in 2030, up from $4.8 billion in 2021, according to research firm ResearchAndMarkets.com in their report “Robotic Process Automation – Thematic Research”.
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Bots & BusinessInternational
Robot Sales Hit Record High in North America for Third-Straight Quarter
For the third-straight quarter, robot sales in North America hit a record high, driven by a resurgence in sales to automotive companies and an ongoing need to manage increasing demand to automate logistics for e-commerce. According to the Association for Advancing Automation, of the 12,305 robots sold in Q2 2022, 59% of the orders came from the automotive industry with the remaining orders from non-automotive companies largely in the food & consumer goods industry, which saw a 13% increase in unit orders over the same period, April through June, in 2021.