Benefits of Automation
What sector benefits the most from automation?
Packeting / Production/ Manufacturing Industry
How does automation affect workers?
Every 1000 robots put to work, the employment to population rate goes down by 0.2% and causes wages to decrease by 0.42%.
Name 3 companies that are most automated out of all the worldwide companies? (Many possible answers)
Siemens, ABB, Emerson Process Management, Rockwell Automation, Schneider Electric, Honeywell process solutions, Mitsubishi Electric, Yokogawa Electric, Omron Automation
How can tech increase monopoly power?
Through rapid and early acquisitions, companies like Google and Apple are gaining more control of tech and automated devices.
How has automation revolutionized the car-making industry?
Automation allows cars to be made much more efficiently.
How does automation help a business?
It eliminates the risk of costly errors and helps employees complete tasks more efficiently. It might also allow you to save money on labor since repetitive, yet time-consuming tasks will be done automatically.
What percent of human work hours are spent on dull and repetitive computer tasks?
10%-20%
Automated technology empowers business owners to...?
Have more control and consistency in repeated processes so they can employ flexibility and innovation elsewhere in their business model.
True or False: Robots can perform tasks a lot more efficiently but at a more costly rate?
False
Automation has reduced the standard workweek to how many hours?
40 hours
What is automation?
The use of technology to make processes or systems operate more efficiently and automatically.
Does automated technology have a quick ROI (return on investment)? Why?
Yes, because the initial investment in equipment and development costs tends to be quickly offset by lower operating costs, reduced lead times, and increased output.
Allowing automation to take over high-risk physical labor will allow for humans to do what?
To focus on innovation and increase production quality and efficiency.
How can automation impact the environment?
Automated machines can help to reduce carbon emissions by half which allows air to clear up.
Are there any *companies* that are fully automated? If so, name one.
There are no fully automated companies.
How has automation been a solution to labor shortages?
The cost of robotics has fallen by half in relation to rising labor costs.
How can automation benefit one's quality of life?
With automation you get shorter workweeks for labor, reduced factory lead times, and improved safety.
How many jobs have been lost due to automation?
1.7 million jobs worldwide since 2000.
Name 3 of the different types of automation?
Industrial, Business, Home (automation)
Name a company that has a fully robotic and automated assembly line.
Tesla,