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M&D Mini Series: Robotics are Poised for Growth Amid Workforce Issues

Sikich

Jul 26 2018

1 min read

Global spending on robotics is expected to reach $87 billion by 2025, up from a previous projection of $67 billion. In many cases, robots are not replacing workers, but actually working alongside them. These collaborative robots, or “cobots,” can perform manual and precision tasks much faster and more consistently than human workers. Freeing workers from physically demanding, repetitive tasks can improve their productivity and job satisfaction.

In fact, much of the growth in the robotics sector is being driven by the seasonal consumer market. A lot of myths still exist around robotics, and many organizations don’t understand how robots work or they believe they’re too costly. “Businesses think buying a robot is a complex technology they can’t handle and a six-figure investment,” says Gregg Hague, partner, Sikich’s Supply Chain group. “You can acquire a simple-to-install robot for under $20,000.”

For more information about the use of robotics in the manufacturing industry, download our 2018 Sikich M&D Report.

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About the Author

Sikich

Sikich is a global company specializing in technology-enabled professional services. With more than 1,900 employees, Sikich draws on a diverse portfolio of technology solutions to deliver transformative digital strategies and is comprised of one of the largest CPA firms in the United States. From corporations and not-for-profits to state and local governments and federal agencies, Sikich clients utilize a broad spectrum of services* and products to help them improve performance and achieve long-term, strategic goals. *Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC. Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor. 