Skip to main content

Smart Machines will Transform Labor-Intensive Industries

The progress in technologies such as artificial intelligence, internet of things, cloud computing, robotics and intelligent mobility have set the stage for cognitive or sentient tools to emerge onto the global market.

These tools are aware of and can learn from their surroundings and users, and mark the next step in the evolution of computational systems, according to the latest worldwide market study by Frost & Sullivan.

As smart machines that can communicate and interact with their environment, instead of simply being performers of rote tasks, sentient tools can bring about a sea change in labor-intensive industries.

Smart Machines Market Development

The sectors that will be most affected by this disruptive technology include travel, transport, defense, manufacturing, medical, construction, agriculture, customer service, finance, communication, and smart cities.

"Stakeholders looking to integrate automated technology into their value chain are most likely to invest in sentient tools, as they enhance efficiency and productivity while maintaining lean operations," said Yash Mukherjee, research analyst at Frost & Sullivan.

While sentient tools have benefited from advances in computational, sensing and communications technologies over the last 50 years, the progress made thus far is not significant enough to raise the awareness of robotic machines to match human consciousness.

Therefore, according to the Frost & Sullivan assessment, they cannot mimic or replace human interaction and will be designed to complement human labor by tackling heavy computing and physical tasks.

Sentient tools are a nascent field, so most organizations haven't explored the ecosystems and possible partnerships. That said, those that are not prepared may risk staff unemployment, and ultimately a wider economic gap.

Outlook for Smart Machine Applications

In particular, unskilled laborers and semi-skilled corporate employees performing support roles that involve routine and repetitive tasks are most at risk from advances in automation. These people may be displaced by smart machine technology.

"New technology waves have traditionally created technology jobs, but the age of sentient tools is also likely to encourage the development of skills that are not technology related," noted Mukherjee. "These tools will greatly automate mid-level-skill jobs and generate numerous high-level-skill jobs, thus fostering a knowledge-based economy for the future."

Popular posts from this blog

Industrial and Manufacturing Technology Growth

In an evolving era of rapid advancement, market demand for innovative technology in the industrial and manufacturing sectors is skyrocketing. Leaders are recognizing the immense potential of digital transformation and are driving initiatives to integrate technologies into their business operations.  These initiatives aim to enhance efficiency, reduce costs, and ultimately drive growth and competitiveness in an increasingly digital business upward trajectory. The industrial and manufacturing sectors have been the backbone of the Global Networked Economy, contributing $16 trillion in value in 2021. Industrial and Manufacturing Tech Market Development   This growth represents a 20 percent increase from 2020, highlighting the resilience and adaptability of these sectors in the face of unprecedented challenges, according to the latest worldwide market study by ABI Research . The five largest manufacturing verticals -- automotive, computer and electronic, primary metal, food, and machinery -

Rise of AI-Enabled Smart Traffic Management

The demand for smart traffic management systems has grown due to rising urban populations and increasing vehicle ownership. With more people and cars concentrated in cities, problems like traffic congestion, air pollution, and greenhouse gas emissions are pressing issues. Since the early 2000s, government leaders have been exploring ways to leverage advances in IoT connectivity, sensors, artificial intelligence (AI), and data analytics to address these transportation challenges. The concept of a Smart City emerged in the 2010s, with smart mobility and intelligent traffic management as key components.  Smart Traffic Management Market Development Concerns about continued climate change, as well as cost savings from improved traffic flow, have further motivated local government investment in these advanced systems. According to the latest worldwide market study by Juniper Research, they found that by 2028, smart traffic management investment will be up by 75 percent from a 2023 figure of

AI Software Market will Reach $251 Billion

The growth in Artificial Intelligence (AI) software could lead to many benefits. As more organizations adopt AI, they may become more efficient, productive, and able to offer improved products and services. The global job market could also expand, with demand growing for roles like AI engineers and technicians. Plus, AI apps could enable breakthroughs in fields like healthcare, transportation, and energy. The worldwide AI software market will grow from $64 billion in 2022 to nearly $251 billion in 2027 at a compound annual growth rate (CAGR) of 31.4 percent, according to the latest market study by International Data Corporation (IDC). AI Software Market Development The forecast for AI-centric software includes Artificial Intelligence Platforms, AI Applications, AI System Infrastructure Software (SIS), and AI Application Development and Deployment (AD&D) software (excluding AI platforms). However, it does not include Generative AI (GenAI) platforms and applications, which IDC recent