Robotic Automation and the Future of Convention and Trade Show Organizers
Overview:
The changing landscape of convention and trade show organization is embracing robotic automation more than ever. This guide explores future trends, possible challenges, and potential benefits with several noteworthy statistics. Mentioned stats include the expected market growth of the global Robotic Process Automation (RPA); the prevalence of Artificial Intelligence (AI) adoption in the logistics industry; and the anticipated rise in Robotics Spending. It also discusses the revolutionary software developed by 3Laws Robotics that is set to enhance safety and reliability in robotics systems.
The Emergence of Robotic Process Automation in Conventions and Trade Shows
Robotic Process Automation (RPA), an application of technology leveraging AI, is making inroads into the convention and trade show scene. By 2021, the global RPA market is expected to reach $3 billion, growing at a compound annual growth rate (CAGR) of 33.6% from 2020 to 2027. Conventions and trade show organizers are turning to RPA for tasks such as customer service, registration processes, and booth set-up and breakdown, thereby improving efficiency and reducing costs.
Artificial Intelligence Adoption in Logistics
Beyond the scope of RPA, Artificial Intelligence (AI) is being increasingly adopted in the logistics industry, which often underpins convention and trade show events. About 65% of procurement professionals predict that AI will have a high or very high impact on procurement logistics in the next five years. Machine learning models combined with predictive analytics will allow organizers to automate logistics planning, anticipate demand, and streamline inventory management, which can lead to considerable cost savings and enhanced customer experiences at these events.
Increased Robotics Spending and Market Growth
The market for robotics is experiencing a notable surge, with worldwide robotics spending predicted to reach $230.7 billion by 2021. Traditionally, robots were used for repetitive tasks; however, advancements in technologies have opened up new applications and markets. As such, we can foresee an increased use of robots for interactive activities and promotions at trade shows and conventions, providing unique experiences for attendees.
The Role of 3Laws Robotics in Robotic Automation
3Laws Robotics is pushing the boundaries of robotic automation by developing innovative software to enhance safety and reliability for robotics systems. They are particularly focused on making the certification process much simpler and less painful for robotics companies, which has historically been a significant challenge. Their software, 3Laws Supervisor, offers robust safety features and provides evidence of system robustness, which could streamline certification navigation. Building their software on Control Barrier Functions (CBFs), a technology developed at Caltech, they offer a product that features mathematically provable safety.
Key Takeaways: - Robotic Process Automation is predicted to reach $3 billion by 2021, expanding its footprint in convention and trade show organization. - Adoption of AI in logistics is bourgeoning, with 65% of procurement professionals predicting its high impact in the near future. - Worldwide robotics spending is set to hit $230.7 billion by 2021, opening up new market possibilities and applications for robotics in various settings. - 3Laws Robotics is at the forefront of these developments, focusing on developing an innovative software to ensure the safety and reliability of robotics systems, upon which convention and trade show organizers rely.
About 3Laws Robotics
3Laws Robotics is actively engaged in developing software to ensure safety and reliability in the world of robotics. The stress point for many robotics companies is the certification process, and one of the primary aims of 3Laws Robotics is to simplify this process by offering robust safety features and providing evidence of system robustness. Built on Control Barrier Functions (CBFs) technology developed at Caltech, the software 3Laws Robotics offers, 3Laws Supervisor, assures mathematically provable safety. With use cases in various industries, the software proves its versatility and applicability from warehouse automation, where it delivered a 40% efficiency improvement, resulting in a 6-month payback period, to human-robot interaction and dealing with dynamic environments. 3Laws' technology not only assures safety, but also enhances operational efficiency by minimising downtime caused by unnecessary e-stops or collisions. Compatible with various robotics middleware, 3Laws Robotics positions itself as a game-changer in robotic automation, offering a proactive approach to safety beyond traditional e-stop methods.