Artificial Intelligence: Robotics. Examples. Stats. Business Ideas.
This is your 60-second crash course on robots in the workplace: Let’s quickly talk about what it is, important stats, examples, and business ideas that you can use to make money from it.
What is it?
It’s a machine that’s capable of carrying out a complex series of actions automatically. Robots can be guided by an external controller or it could be controlled by embedded software. Some robots look similar to humans but most robots are just machines designed to perform a task without any regard to their aesthetics.
The global market for robots is expected to grow at a compound annual growth rate (CAGR) of around 26 percent to reach just under 210 billion U.S. dollars by 2025. Some experts predict that this market will hit the 100 billion U.S. dollar mark in 2020.
Robots are already being used to surgery on humans because the software allows the robot arms to work with greater precision.
First responders often send robots into hazardous situations in order to protect themselves.
Some hotels are using robots to deliver your room service.
If you want some more detail, more examples, and a list of ways you can make money from AI with business ideas that can be started with budgets as low as $100 you need to watch the rest of this video. The link’s in the description.
Robots Replacing Humans
Robot surrogates are being used to do dangerous work and in extreme environments. That makes sense because humans don’t want to do that work. But they’re also making hamburgers and constructing houses.
According to a report from Oxford Economics, up to 20 million manufacturing jobs around the world could be replaced by robots by 2030.
The good news is that the report also said that increased automation will also increase jobs and economic growth.
The bad is that it could also cause a damaging increase in income inequality. The report suggests that each new industrial robot wipes out 1.6 manufacturing jobs. The more repetitive the job, the greater the risk of its being replaced by a robot. Jobs that require more creativity, compassion, or social intelligence are more likely to continue to be performed by humans for decades.
Regions, where more people have lower skills, weaker economies, and higher unemployment rates, are more vulnerable. That will magnify economic inequality and political polarisation.
1.7 million manufacturing jobs have already been lost to robots since 2000. 400,000 in Europe, 260,000 in the US, and 550,000 in China.
The report also predicted that China will have the largest amount of manufacturing automation. It could have as many as 14 million industrial robots by 2030.
Finally, this report also suggests that, if there was. So, at a global level, jobs will be created at the rate they are destroyed. So, the net number of jobs may not change but there will be a lot of new winners and losers.
Bomb-disposal robots have been designed to assess threats. They use multiple sensors and remote monitoring tools. This idea is not new but now they have improved sensors, user interfaces, and autonomy. Humans can do a lot more than the simple monitoring that you saw in old movies. Some ordnance-disposal robots include manipulator arms and tools that can precisely sever wires.
In agriculture, robots are being used to handle weed control, plant nursing, and feeding, pollution monitoring, and even planting or seeding new crops. Labor shortages have created a high demand for robots that pick and move fruit.
Robots applications in the construction industry have been significantly improved as a result of technologies like AI, big data, and 3D printing. An Australian company called Fastbrick Robotics can build brick houses four times faster than human workers by using a combination of a 3D printer and a robot.
Okay, Let’s talk about business ideas. As I mentioned earlier I’ll talk about business ideas for people with a budget under $100, people with a budget under $1,000, and other ideas for people that have bigger budgets or want to raise capital from investors.
If I mention something that you don’t understand, check out my SE course. It only costs $19 and it has a 7-day free trial so you can get it for free. It will help you start in the least amount of time, with the least amount of effort, with the lowest startup costs.
You all have one valuable thing that costs nothing to create. That’s your opinion. Your unique background gives you unique perspective robotics. That perspective may not be important to everybody but it will be important to a specific subset of people. That subset is your audience.
The best way to get started with a budget of close to zero is to get your perspective out into the world. If your budget is literally zero, then just start by creating a social media group about the topic. It could be about robotics for coders, robotics, and retraining workers or robotics for entertainment. The only thing that matters is that you have a unique insight that justifies a conversation within a specific audience. You can and monetize it with affiliate links. If you don’t know what that means or how to do it, check out my course.
If you want to spend a little bit more time and effort, you can create a blog, podcast, or YouTube channel and use your unique perspective to create content.
If you have subject matter expertise then you can go ahead and create case studies, research reports, and other specialized content and sell it from your website. Keep in mind that you don’t have to be a current industry expert to do this. Publishing the content makes you the expert. You just have to make sure that the quality of your content is high and justifies whatever you’re charging for it.
The easiest way to start generating enough revenue from a new business that can replace your full-time job is to offer your services. Hypergrowth trends, like the use of robotics in business, will create demand for expert advice about how to use robotics in an infinite number of applications. You just need to demonstrate your expertise in one or more subsets of the robotics world then you can generate consulting revenue.
If you don’t already have the ability to demonstrate your expertise you can do it by creating content about a specific AI topic that will appeal to the audience that you want to target. You can provide the services yourself or outsource them. The only thing you need is a professional website and a solid marketing plan. Keep in mind that 99% of consultants don’t have professional websites or solid marketing plans. If you want to get this right, check out my course. It only costs $19 and it could help you make hundreds of thousands per year so the cost-benefit ratio is obviously in your favor.
The other way you can generate revenue is by creating a course about robotics and selling it on your website or third-party marketplaces. I’m not talking about academic courses that compete with Universities. I’m talking about short-form courses that take advantage of your unique knowledge or perspective. You can create courses that target small businesses, big businesses, or governments. You can create courses that target a specific industry, technology, or problem that can be solved with robotics. You can create it in the form of text, audio, or video. You can sell it for a one-time payment or sell an ongoing membership. You can create the course yourself or you can outsource it. Some people make tens of thousands of dollars per month in their spare time by doing this. Again, if you don’t know how to do all of this, check out my course.
Bigger budget/raise capital
The obvious opportunity here is to use robotics to increase efficiency or increase accuracy. The robotics examples that we talked about earlier use technology that can easily be adapted for many other applications. There’s a lot of discussion about robotics for use in manufacturing and the military. So, let’s talk about two retail ideas.
Shop assistant. I don’t see any reason why a robot couldn’t answer your questions about any product, go and get variations of the product from the warehouse and bring then to you then process your payment when you buy it. There’s obviously a lot of variations of this that can be applied in many other service industries. This is not just one idea, it’s a category of ideas.
Robots in bars. Like all of you, I like some bartenders and I hate others. The best way to deal with the slow, arrogant, idiot bartenders is to replace them with robots that are much more efficient and always happy to see you. The reason I bring up this example is that there are two sets of opportunities here. There’s an opportunity for engineers to create robots that do the mechanical work involved with serving a customer but there are also opportunities for non-technical people to make these robots more appealing to humans by adapting their design and the way they communicate to better serve an infinite number of industries and scenarios.
So, how can the ‘I Imagine’ platform help you?
If you want to generate new business ideas or develop existing ideas, you can use the Idea management platform to crowdsource ideas. It uses a simple problem/solution framework and we believe it’s the most advanced Idea development platform in the world. Just create a listing that states the problem you want to solve then your friends, colleagues, employees or followers can suggest solutions or comment and vote on solutions from other people. You can use it for product development, community management, or customer feedback. You can create listings for free. In fact, I’ve created some Listings about business ideas for robotics. Go ahead and check them out. Links are in the description.
The referral platform helps grow your business by creating a referral program and compensate people for referring customers to you. It has the most advanced features in the world for creating and managing your referral program. You can create listings for free.
The collaboration platform helps grow your business by cross-promoting your products and services to the customers and followers of other businesses that have a similar target market. You can create listings for free.
The Lifewall is an improvement on the Maslow Hierarchy of Needs. It breaks life down into 21 interactive elements that allow you to see a big picture graphic representation of all aspects of your life on one screen then use this information to create and manage goals.
The canvas is like a vision board that includes the goals you created in the Lifewall as well as images of people that are important to you, things you’re passionate about, meaningful quotes, what you’re grateful for. It was designed based on scientific evidence indicating that all of these elements can have a powerful positive impact on your mood, your ability to focus, and your overall mental health. It makes your day more enjoyable and it increases your likelihood of success. The Lifewall and the Canvas are both free.
Finally, I Imagine is also a fully-featured social network that you can use to connect with other entrepreneurs.
Social entrepreneurship is a movement and every movement needs a community. ‘I Imagine’ is that community but, as you can see, it’s a lot more advanced than just being a place for people to chat. So create a free account and join the movement.