We are pleased that Pi Labs will be one of our Headline Sponsors for the 4th year running. As Europe's first PropTech dedicated fund and with a portfolio of over 25 startups, Pi Labs have deep expertise in this sector.
Dominic Wilson, Co-founder & Managing Partner, will be sharing his insights alongside Fifth Wall & Concrete VC at 4:00pm on the Commercial Stage
Robotics – A Beginners Guide
Robotics was pretty fun to research – here are some of our findings!
Next week, we will focus on the current applications for the real estate sector.
Atlas, the most advanced robot of our time (so far!)
There three main components of a robot:
The Controller ‐ also known as the “brain” which is run by a computer program. Often, the program is very detailed as it give commands for the moving parts of the robot to follow.
Mechanical parts ‐ motors, pistons, grippers, wheels, and gears that make the robot move, grab, turn, and lift. These parts are usually powered by air, water, or electricity.
Sensors ‐ to tell the robot about its surroundings. Sensors allow the robot to determine sizes, shapes, space between objects, direction, and other relations and properties of substances. Many robots can even identify the amount of pressure necessary to apply to grab an item without crushing it.
Today, robots are cropping up in offices, hospitals, and schools — decidedly non-industrial environments — as well as in warehouses, fulfillment centers, and small manufacturing centers. More and more, they are on our roads and flying overhead. The robotics industry is a $135 billion market and is transforming world economies.
By 2025 there will be 100 billion IoT connected devices generating revenue of $10 trillion. For the first time, sensors that capture and send data related to pressure, torque, and position are dirt cheap, leading to a boom in robotics development. Similarly, prices for lidar and infrared sensors, previously the most expensive sensing equipment for self-guiding robots, have plummeted 90% thanks in large part to the aggressive development of self-driving cars.
The industrial robotics market, which has traditionally represented the robotics industry and has been led by Japanese and European robotics manufacturers, is giving way to non-industrial robots, such as personal assistant robots, customer service robots, autonomous vehicles, and unmanned aerial vehicles (UAVs).
All you need to do is look at this graph to see the impact that robotics will have even in the next 4 years!
(Size of the global market for industrial & non-industrial robots from 2016-2022)
WHY HAS THE FIELD ADVANCED SO MUCH IN THE LAST FEW YEARS?
falling sensor prices
miniaturization of sensor technology
open source development
convergence of disparate technologies
Demand for mobile computing
Ubiquity of IoT devices
WHAT KINDS OF ROBOTS ARE CURRENTLY TRANSFORMING THE WORLD?
There are lots of categories to choose from, but you should know about these:
A cobot or “collaborative robot” is a robot designed to assist human beings as a guide or assistor in a specific task. A regular robot is designed to be programmed to work more or less autonomously.
A telepresence robot is a remote-controlled, wheeled device that has wireless internet connectivity. Typically, the robot uses a tablet to provide video and audio capabilities. Telepresence robots are commonly used to stand in for tour guides, night watchmen, factory inspectors and healthcare consultants.
Warehousing and logistics automation
Warehouse and logistics automation is having the most substantial impact on global commerce right now. Why? One answer is Amazon. In 2012, Amazon bought Kiva Systems, which makes automation systems for warehouses, for $775 million. Amazon can offer same-day fulfillment of the automation systems at its fulfillment centers. That's left the rest of global retail scrambling to catch up.
A medical robot is a robot used in the medical sciences. They include, but are not limited to, surgical robots.
Self-driving / autonomous vehicles
An autonomous car is a vehicle that can guide itself without human conduction. This kind of vehicle has become a concrete reality and may pave the way for future systems where computers take over the art of driving. An autonomous car is also known as a driver-less car, robot car, self-driving car or autonomous vehicle.The global market for these vehicles will reach $2.8 billion by 2022.
Hundreds of software robots work alongside human employees at companies such as Ernst & Young and Walmart Inc. where they're saving employees millions of hours of time. A bot named 'Goldie' has answered nearly 1 million questions for EY employees in human resources alone.
Advice to the Prime Minister on opportunities in robotics, automation and artificial intelligence for the UK. From the council of Science and Technology DEFINITELY worth 5 minutes!