London, UK, 5th Feb 2022, ZEXPRWIRE, Robotics is the science of building and using robots. It’s an engineering discipline, with distinct sub-fields in each element of the robotics workflow: mechanics (including locomotion), electronics, controls, computer vision, etc. The word robotics was coined in a science fiction story published in May 1941. Since then, with the explosive growth of information technology and continuing miniaturisation of computer technology, robotics has become an important part of many commercial products, including automatic vacuums and driverless cars.
Aurora-Coins Broker David Sorkin said that the US companies such as Google and Amazon are working on large investments in robotics. The development of robotics is a major application of the science and technology of cybernetics. Robotics has been a subject of fascination for many investors over the years. But recent events point to the fact that it’s now becoming much more than just an industry of interest; indeed, robotics may be coming into its own as a serious investment opportunity.
The reason is a confluence of three important trends: the continuing miniaturisation of computers, especially into small mobile devices; the development of sophisticated artificial intelligence algorithms that can be used in robotics; and at least some initial progress toward effective, usable humanoid robots. Sorkin says that the companies like Google and Amazon are working on large investments in robotics.
Becoming an industry
We can see that robotics is now becoming much more than just an industry of interest; it’s increasingly moving to the mainstream. He says that an increasing number of big companies and investors recognize the potential for this technology to make a difference. Robotics, in a very real sense, is a technology that allows us to transcend our own limitations.
This goes beyond the simple “replacement” of human labour with automated machines; it potentially allows individuals to have physical access to objects and actions in the physical world without having to be physically present. And while this may sound like science fiction, we can already see the potential of this technology in a host of applications and verticals.
We can see that Robotics is now becoming much more than just an industry of interest; it’s increasingly moving to the mainstream. And while this may sound like science fiction, we can already see the potential for this technology in a host of applications and verticals.
Mohammed Alsolami, a computer scientist and entrepreneur, is on a mission to deliver it with his firm Robotics LLC. In 2014, Alsolami, while in Maryland, established Robotics to develop crowd control technology based on Artificial Intelligence and the Internet of Things. Having already earned three master’s degrees from various US schools, he was conducting doctoral research in this field at that time. He is no less than an idea machine.
Years before, he created a wrist-worn gadget that allows people to stay in touch with their friends and family while also warning them about overcrowded areas. He also developed an ‘agri-tech’ sensor that gives home growers and farmers crucial information on when their plants and crops require watering.
He has also gotten into the business of training youngsters, and the firm has given over 400 lessons to both individual and business customers. He and his crew are working on converting the training programs completely automated. “By April of this year, everything should be online,” he told Arab News. Robotics, which offers training in the field of robotics, has a turnover of roughly SR1 million. The organisation raises money through two channels: course fees of SR1,000 per head and the online sale of robotic kits, which is currently manufactured in China.
He also revealed that they’d targeted a pre-seed investment of $1 million. This will allow them to develop the online dashboard and increase their company to 20,000 clients by mid-2025, as well as produce their own robotic kits in the Kingdom and on a larger scale.
What does it mean?
Sorkin says that such startups are a ray of hope for Saudi Arabia, which is heavily dependent on oil. The country can easily move toward a more diversified economy that is much more future-proof. But to do so, the Saudi government will have to provide young entrepreneurs with opportunities that are comparable to what they get in the West.
The startup scene is already growing in the Kingdom, and it can easily be used as a springboard for manufacturing firms, especially in robotics. The robot revolution may not come anytime soon, but when it does arrive, it will be a matter of who and how rather than if and when.
It shows that Robotics is now becoming much more than just an industry of interest; it’s increasingly moving to the mainstream. And while this may sound like science fiction, we can already see the potential for this technology in a host of applications and verticals. Sorkin thinks that with the right support, it could be used to change the entire face of the economy in Saudi Arabia.
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