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Robotic technology the future of business: Competitors or co-bots?

What is robotic technology and how will it impact your businesses success?

Robots have been appearing in sci-fi movies and on TV for decades. When we think of robots we think of the Terminator, Transformers, Blade Runner and the list goes on.

Thanks to these movies we’ve been dreading the rise of robots for decades. Robotic technology the future of business: Competitors or co-bots?

Yet we still believe that robots are a fantasy concept.

If I had told you twenty years ago that your favourite robot movie might become the real thing, you would’ve laughed, right?

But guess what?

The future is here, and it’s bringing robots.

94% of businesses in the UK and US said they either embrace robots or felt a robotic future is inevitable”.

The truth is robotic technology is amongst us and finally making their way into the real world. We’ve all been fascinated by the idea of futuristic robots but this type of artificial intelligence also leaves space for some scary speculations!

Yet “38% of companies believe AI and robotics will be fully implemented in their company within five years”.

Robotic technology has been around for some time. Today, they are cropping up in offices, hospitals and schools. You may have not noticed robotic technology but it has made an appearance from production lines to computers to automated checkers at the supermarket.

Robotic technology is no longer a fantasy concept. Yet how will these robots appear in our lives and how will we interact, and live, with them?

The rise of the robotic technology

So you’re probably wondering how robotic technology applies to you?

Well, it’s impossible for CEOs to consider the future of their business without considering the role that robotic technology will play. As change goes, nothing compares to the shift in the future of businesses. An open mindset is imperative, we’re already seeing how robotic technology is impacting businesses and their success.

An innovative business requires a change in mindset and not just technology, and change must start from the top. As you continue to read you will see how a radical shift in mindset is key for success; a new set of management practices is a must to help you lead, organise and manage the 21st-century workforce.

Robotic technology is coming and here to stay, forcing the best of the best to either adapt or be left behind. So, how do you redesign your organisation to deal with the rise of robotic technology? That’s why our digital innovation programme has been designed for those who need to initiate and deliver new ways of working in this digital era.

Transforming technology: RPA

If you’re up-to-date with all things digital, you’ve probably already heard the buzz surrounding the word robotic process automation (RPA) and how it’s changing the way we work.

The faster you understand it’s potential, the faster you can make a better position for your organisation.

Undoubtedly the adoption of RPA is essential, and sure entry bots will take jobs away from real people. Don’t panic, this doesn’t necessarily mean you will lose your job. It means that you finally have time for the meaningful work that bots can’t do, making your job a lot more fulfilling. The tedious jobs that you hate no longer needs to be your problem with the help of RPA.

‘Sigh of relief’

Will robotic technology productivity free businesses to innovate and explore? The impact of new technologies shouldn’t be feared, it’s a chance for businesses to rethink their structure of our working lives.

In the long term, RPA is not about replacing employment opportunity but essentially having the right tools to make a huge difference to your employee’s productivity.

Co-bots or Competitors

Will robots be your competitor or your co-bot? There’s plenty of debate over whether robotic technology will create massive unemployment.

A staggering “77% believe automation results in better jobs, and only 20% see job reductions. 50% are investing in retraining workers to work side-by-side with machines, and 33% expect people to do more human tasks augmented by robotics”.

Perhaps, it’s not the loss of employment people need to worry about but how CEO’s can redesign their organisations, culture and careers to adapt.

No need to panic robotic technology will create more employment opportunities than it displaces.

This all sounds great. Robots and people working in harmony, playing to their strengths. Yet, transforming digitally is a number one business challenge organisations face today and requires a new breed of senior executives to drive digital change. Don’t worry you’re not alone, our digital innovation programme helps businesses identify and prepare for change.

The Robotics Revolution

By now, it is obvious that a lack of knowledge surrounding technology can now disrupt every part of our day-to-day lives. Regardless of whether you are the CEO; embracing the future of business is never going to be easy.

A culture shift is necessary, no amount of robotic technology will turn a business into success without going through a significant digital mindset shift. I understand leading and structuring change can be tough. But we’re here to help, take advantage of our digital innovation programme and become fully equipped to take on new technological and management challenges.


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