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According to one research, 73 percent of U.K. business leaders believe that COVID-19 will drive a new wave of automation. It is expected that the global industrial robotics market will grow from $45 billion in 2020 to $73 billion in 2025.
FREMONT, CA: It is becoming somewhat easier to be positive about the future with vaccines starting to roll out and the promise of being able to resume meetings with friends and family soon.
There’s reason to feel the coming decade will be a game-changer when taking a long-term view. Pent-up demand ensures that individuals can actively seek out social connections and invest money along the way. Pragmatically, in maintaining companies and the workforce, hard work still lies ahead, but leaders now have an eye on restructuring and the opportunities before them. One thing is evident as leaders prepare their next steps: change management will be the center of success.
Our expectations have changed, and the objective of the brand is more important to us. It will be apparent to influential leaders why their business operates and how it leads to social, economic, and environmental change. Depending on what is vital to these various stakeholders, they will develop new “contracts” with consumers, staff, and societies.
Businesses are evolving, and the pandemic has driven new ways of functioning. This encompasses remote working and the increased use of digital platforms to satisfy socially distant clients, but in factory settings and warehouses, it often covers increased automation and virtualization.
Technology innovation is being introduced, and human creativity has been elevated. Companies that shifted the focus and innovated effectively during the pandemic did so because their people responded with ingenuity and zeal and accomplished great things, armed with technology enablers. In the current “Roaring ’20s,” the same will be true, and leaders will be looking for how best they can blend their people’s creativity with new, inspiring technology.