The Robotics Business Review collated the views of various robotics and intelligent systems industry thought leaders to get insights on what they expect for 2020 and beyond that. The common denominator is that robotics should continue to experience growth, which bodes well for the Global X Robotics & Artificial Intelligence Thematic ETF (NasdaqGM: BOTZ).
BOTZ seeks to invest in companies that potentially stand to benefit from increased adoption and utilization of robotics and artificial intelligence (AI), including those involved with industrial robotics and automation, non-industrial robots, and autonomous vehicles.
Additionally, BOTZ seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global Robotics & Artificial Intelligence Thematic Index. The index itself captures large and mid cap representation across 23 Developed Markets (DM) and 24 Emerging Markets (EM) countries.
- High Growth Potential: BOTZ enables investors to access high growth potential through companies involved in the ideation, design, creation and application of programmable automated devices.
- Unconstrained Approach: BOTZ’s composition transcends classic sector, industry, and geographic classifications by tracking an emerging theme.
- ETF Efficiency: In a single trade, BOTZ delivers access to dozens of companies with high exposure to the robotics and AI theme.
Here’s some experts are saying for robotics in 2020 and beyond:
“Because robotics systems have become proven technology, we will see larger initial deployments that will have an immediate impact,” Rick Faulk, CEO, Locus Robotics. “Gone are the days of pilot programs, instead companies are confident in the technology and the anticipated results.”
“We should see more robotics and automation in retail, but it will be less invasive and less visible,” said Richard Schwartz, CEO and President, Pensa Systems. “Robots will work quietly behind the scenes, helping store employees to be more efficient and spend more time with customers. Last year’s efforts were pretty brutish – more like a sumo wrestler in size and with bright lights, kind of Rosie the Robot incarnate. Next year’s robots will be working around people, in many cases by being nowhere near people, helping in the background.”
“Robots will become more public facing. Implementation of robots in behind-the-scenes locations like warehouses and dark stores have exploded over the past several years, but they are just beginning to gain traction in public settings,” said Fergal Glynn, VP of Marketing, 6 River Systems. “We predict large retailers and other businesses will continue to introduce more public-facing robots that can assist customers with finding products, connect them to staff, help store associates with buy-online, pick-up-in-store orders, and alert staff of necessary cleanups. These robots will not replace the store staff, but rather will supplement the staff’s work and allow employees to be more efficient.”
Click here to read other views from industry leaders.
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