World NewsRobotics, AI to become 3bn market by ’20 – BofA

The size of the robotics market is expected to nearly triple over the next five years — good news for companies but perhaps less so for their employees. The rise of the machines, a trend that has been forecast for decades, has come to fruition to some extent, especially in the manufacturing sector as robots eat away at the role of the worker. But the effects haven’t been as striking as some expected. That is about to change and fast, according to analysts at Bank of America Merrill Lynch, writes Adam Samson in New York. “The pace of disruptive technological innovation has gone from linear to parabolic in recent years,” the report said. BofA Merrill reckons the market will blossom to $153bn over the next five years — $83bn for…


Link to Full Article: World NewsRobotics, AI to become 3bn market by ’20 – BofA