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Artificial intelligence

How collaborative robots can support productivity for 2024

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The past year has been no easy feat for businesses, with an unpredictable global economy hitting manufacturers particularly hard. As we soon move into 2024, there are no signs of this relenting, with the sector recording it’s worst performance in the UK since the 1980s. Simultaneously, the manufacturing industry is battling 74,000 unfilled vacancies, creating a £6.5 billion economic shortfall which is hindering the ability of companies to fight back.

Increasing productivity will be a key focus in the pursuit of profitability for 2024. Accelerating adoption of automation within the manufacturing process offers a solution, with one study suggesting that automation has the potential to contribute $15 trillion USD to the global economy by 2030. However, many businesses at this time do not have the funds or resources to adopt large, expensive industrial robots.



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