Robots Future Development Direction edition 2

John Lok

ISBN 13: 9798886410105

Published by Notion Press, IN, 2022

About this Item

Seller Inventory # LU-9798886410105

Bibliographic Details

• Title: Robots Future Development Direction edition 2
• Publisher: Notion Press, IN
• Publication Date: 2022
• Language: English
• ISBN 13: 9798886410105
• Binding: Paperback
• Condition: New
• Dimensions: 20.3W x 25.4H x 4.7D centimeters 20.3 centimeters width by 25.4 centimeters height by 4.7 centimeters depth
• Weight: 308 grams

About this title

Synopsis

A primary theme in my work is the practical application of robotics in business cost reduction. He argues that businesses can leverage AI and robotics to achieve long-term efficiency that transcends traditional resource allocation.

This aligns with broader economic theories regarding the "Fourth Industrial Revolution," a term popularized by Klaus Schwab, which describes the blurring of lines between the physical, digital, and biological spheres.

My view suggests that while the initial capital expenditure for robotic systems is high, the reduction in marginal costs over time creates a competitive advantage. This is often analyzed through the lens of the "IKEA effect"—a concept also studied by behavioral economists like Michael I. Norton—where the effort and involvement in implementing a system increase its perceived value within an organization.