Last Updated on October 6, 2020 by Vick
What is Automation?
Automation is the creation and application of technologies to produce and deliver products and services with lesser human labour requirements. Moreover implementation of automation technologies, techniques and processes improve the efficiency, reliability, speed of many tasks that were previously performed by humans.
It is a process or system that operated automatically. For example, 3D printers are given the design of a product by a human and rest is the work of the printing machine.
Forms of Automation in production.
- Fixed Automation
- Programmable Automation
- Flexible Automation
To understand fixed automation as well as known as “Hard automation”.
First, we need to know what is Equipment Configuration. The equipment configuration is the process of sending information to a device. That is used to provide qualified solutions to a specific production operation (configuration). Secondly, we need to understand the meaning of sequence which is the steps followed to make the product reach the final stage. Programmable automation allows for machine configurations and operation sequences that can change based on signals sent from electronic controls. In the programmable process, you are at the ease at which the system can be reprogrammed once the batch is updated.
Also, there is a disadvantage that when the design of the product is updated or changed the whole configuration setup has to be updated hardcore.
Contrary to fixed Automation, Programmable Automation is a form in which the production is carried not only in the form of batches but also for each new batch the programmable equipment configuration for production can be reprogrammed.
Moreover, there are many advantages of programmable automation. Including a better rate of production.
Besides, Programmable automation is best for medium to high production level requirements and low production rate. Whereby production level means the rate of production that remains constant irrespective of the change or fluctuations in the demand.
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Flexible Automation (FA).
The flexible form is the extension of programmable automation. It provides more flexibility than programmable automation. This flexibility is the rate of production which we have discussed is a disadvantage of programmable form. Besides this form is also revolutionizing the work speed and profits.
The future of automation in the workplace.
Throughout the centuries the history of mankind has gone through 4 industrial revolutions and has entered the 4th one which is of the machines and the internet. This is all possible through AI and automated productions. By replacement, I also mean that humans are moving towards more complex and skilled work along with the AI. This collaboration is the future of workplace where human and machines would be seen working together and making the world a better place. The AI is replacing the human labour density by machines and computer programs.
The automated production has the ability to reveal the strengths and weaknesses of an automotive, mobile or other production firms. It is a game of creativity. And in the future, the one most creative are going to dominate the only hardworking ones.
A challenge for low skilled job workers.
Remember the movie terminator? is the perception of ROBOTS taking over the world is just a myth or is it already happening? Well not so early. Presently AI and technologies are helping mankind to prosper at a rate that was impossible to attain without the help of machine learning.
Now one machine is doing the work of hundreds of labours. And they are now becoming more trustworthy in the terms of production rate and consistency. It may seem like a challenge for low skilled job workers to compete for a position in a firm where machines are doing most of the work.
Forecasts for AI’s impact on jobs vary. In January 2018, The World Economic Forum, in collaboration with Accenture, released studies that show that 16 per cent of jobs are at risk of displacement in five production industries after accounting for potential job gains. that would arise from the same trends.
Future of Automation in Finance
AI has found its roots deep into banking and ATM financing. Furthermore, the employees are no more handing the money in the old-fashioned slow procedure of transferring and computing numbers associated with the money. Rather they are putting their efforts and skills to make the banking online interface as user friendly as possible. They are now working for making the customers the owner of their own interface provided by the firm.
The advancement in finance has revolutionized the finance completely. By making the process handy, quicker to access and faster.
Future of Investments
Furthermore, investors are not only investing in skilled employees but also in human-friendly-Automations. According to Accenture Study, this type of shared investment between human and machines could boost up a business of about 38%.
Future growth opportunities through machine-human collaboration.
In the future, their advancement in automatic processes will add new value to the existing business. This will generate many job opportunities which include automation administrator, AI trainer, BPA programmer, chatbot copywriter etc.
Finally, automation in the industry has brought a new revolution and is changing the workplace for better. Besides, the organizations who are most advanced in the machine and human collaboration will have a great influence in the future markets.