The trajectory of robotics, human resource and financial management of the Organization.

    Figure 1

Robots in 2023

Feb. 16, 2023 - The stock of operational robots around the globe hit a new record of about 3.5 million units–the value of installations reached an estimated 15.7 billion USD. The International Federation of Robotics analyzes the top 5 trends shaping robotics and automation in 2023.

1. Energy efficiency

Energy efficiency is key to improving companies' competitiveness. The use of robotics can help in many ways to reduce energy consumption in production. Robots work at high speeds, which increase production rates, making production more time- and energy-efficient. This reduces operating costs. Robot control is able to convert kinetic energy into electricity. Another feature is the smart energy saving mode that controls the robot's energy supply on demand throughout the working day.

2. Reorganization

This is very important for car manufacturing companies. These manufacturers are using robotic automation to cost-effectively and in large quantities produce powerful batteries to support their electric vehicle projects. Another recovery trend is the relocation of microchip manufacturing back to the US and Europe. Specially designed robots automate the production of silicon wafers, undertake cleaning and sanitizing tasks or inspect integrated circuits.

3. Easy to use robots

Robot programming has become easier and more accessible to non-experts. Software-based automation platform providers support companies, allowing users to manage industrial robots without prior programming experience. Software startups are entering this market with solutions specific to the needs of small and medium-sized companies. Many new consumers responded to the pandemic in 2020 by experimenting with robotics solutions.

4. Artificial Intelligence (AI) and Digital Automation

Advances in digital technology enable robotics suppliers and system integrators to offer new applications and improve existing ones in terms of speed and quality. Connected robots are transforming manufacturing. Robots will increasingly work as part of a connected digital ecosystem: Cloud Computing, Big Data Analytics or 5G mobile phone networks provide the technical basis for optimal performance. Artificial intelligence (AI) holds great potential for robotics.

5. Second life for industrial robots

Since an industrial robot has a service life of up to thirty years, new technological equipment is a good opportunity to give old robots a "second life". This repair-ready strategy also saves costs and resources for robot manufacturers and their customers. (IFR, 2023)


Clip 1

Robotics and Organizational Structure

Despite already having a well-established Business Process Management (BPM) practice, some organizations establish entire reporting units dedicated to Robotic Process automation (RPA). In discussions with technology leaders, some find it difficult to articulate how RPA fits into the overall process. RPA as a feature that works when BPM or server-side technology cannot automate the use case.

Role of Robotic Process Automation’s in the organization

Automate the reading or writing of data from a required system or form Robotics can support further automation of a business process. Most organizations that remain viable in the long term will need some form of RPA solution as an alternative to, or in conjunction with, Extract Transforms Load or Service Oriented Architecture to operational performance. RPA and BPM should be viewed as complementary rather than competing technologies.

Once RPA is implemented, it is important for the organization to establish strong operational oversight. Or, if any internal or external aspect of a business process changes, RPA will fail to function correctly. Governance and monitoring are key to the long-term success of implementation. Robotic process automation efforts within an organization, process change, and resource turnover are essentially strategies to achieve an outcome, namely, accuracy, efficiency, and cost reduction, respectively. A company's help desk and call center operations can easily assist in providing higher productivity and lower handling time. (Teti, 2021)

Impact of robotics on workers and organization

It is a misconception among a large number of employees that robots and automation will destroy jobs. Automation isn't just eliminating jobs; It transforms and creates new types of jobs. Automation and robotics generally eliminate repetitive tasks and free people to do more complex work that only humans can do. A company's HR department plays a major role in this process. Strategies should be found for that. Employees need to be made aware of the true impact of automation, or they will panic and can have bad effects.

·         Ways can be found to demonstrate that automation or robotics is ineffective.

·         They do not support process change.

·         can perform worse and contribute negatively to the organization's culture.

·         Can be make confusing.

As a trick, employees can name each bot and become the bot's guardians. They can create feelings that robots are actually here to assist them - and not the other way around. Building rapport with it helps remove walls of resistance (Chandrasekaran, 2022)

Clip 2


References:

(1).Chandrasekaran. S. (2022). Automation And Robotics: Tending To The Culture Side Of Digital Transformation. Forbs Business Council. Forbes. [Online]. Available at: https://www.forbes.com/sites/forbesbusinesscouncil/2022/12/16/automation-and-robotics-tending-to-the-culture-side-of-digital-transformation/?sh=6b5b70e45677 Accessed on 17 August 2022.

(2).Clip 1: https://youtu.be/s4ZK5UX5icY Accessed on 17th August 2023.

(3).Clip 2: https://youtu.be/-e1_QhJ1EhQ Accessed on 17th August 2023.

(4).Fig 1: https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2023/05/Tesla-Bot-Optimus-hero.jpg?w=1500&quality=82&strip=all&ssl=1 Accessed on 17th August 2023.

(5).International Federation of Robotics. (2023). Top Five Robot Trends of 2023. AUTOMATION.COM. [Online]. Available at: https://www.automation.com/en-us/articles/february-2023/top-five-robot-trends-2023 Accessed on 17 August 2023.

(6).Teti. F. (2021). Robotic process Automation within your Organization. DBizInstitute.org. Forbes. [Online]. Available at: https://www.dbizinstitute.org/resources/articles/robotic-process-automation-within-your-organization Accessed on 17th August 2023.

Comments

  1. Rinosh Dilshan17 August 2023 at 05:15

    Humanoid Robots and AI are upcoming threats to the labor force. HRM must attend to this matter before it's too late. Blended mechanism which contains actual human resource and robotic version to be implemented in order to mitigate any future labor wars.

    ReplyDelete
  2. Ayodhya Galappaththi17 August 2023 at 06:26

    Emerging topic with debatable advantages and disadvantages. Despite the negative facts these machines have made many dreams in to reality. And will be a topic for many decades

    ReplyDelete
  3. Duminda Saman Kumara17 August 2023 at 10:27

    Today's businesses are undergoing a big transition from old to new technologies. Businesses do need to automate their repetitive tasks so that they can free up their employees to devote their time on more important business activities thereby enhancing the Productivity.

    ReplyDelete
  4. S . M Gayan Thusitha Kumara17 August 2023 at 10:37

    Well explained for Robotics technology use in 2023 and their impacts on organizational structure and human resources.

    ReplyDelete
  5. Shiran Mudannayake18 August 2023 at 11:27

    The impact on human resources due to the use of robotics in the future cannot be measured in monetary terms.

    ReplyDelete
  6. Lilan18 August 2023 at 17:09

    This evolution in both robotics and HR dynamics has a profound impact on financial management as companies navigate the complexities of investing in technology, workforce development, and innovation to maintain competitive advantage and sustainable growth.

    ReplyDelete
  7. RANGIKA RANASINGHE18 August 2023 at 23:00

    HR and finance departments are two distinct entities for many organizations. HR leaders primarily focus on hiring, training and motivating the workforce while finance teams look into the allocation of resources by overseeing the expense vs. revenue generated by all departments in the organization

    ReplyDelete

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