Over the past few years, there has been an increase in the use of Unmanned Aerial Vehicles (UAVs). The various advantages of UAVs are safety in airspace and their ability to enable the beyond visual line of sight operation. According to the market intelligence report by BIS Research titled, ‘Global UAV Sense and Avoid System Market-analysis and Forecast (2017-2022),’ the market for UAV sense and avoid system accounted the value $508.7 million in the year 2016 million, with commercial application holding the highest share. The prominent share of the commercial sector is attributed to the rise in demands of drones equipped with sense and avoid system across commercial applications such as inspection, delivery, first responder, and aerial imaging, among others.
The healthcare expenditure has been rising every year for a long time. It was valued to be approximately $7 trillion in 2015 and is anticipated to reach a value of $8.5 trillion by 2020. This increase in the expenditure is the result of the high prevalence of various types of illness, such as infectious diseases, chronic diseases, communicable diseases, autoimmune diseases, etc. The pressure on the healthcare industry has increased considerably due to the increasing rate of geriatric population and the rollout of several significant regulatory changes for cost containment, which is subsequently putting pressure on the healthcare companies to reduce the cost of pharmaceuticals as well as diagnostic tests.
Automation technology has spread rapidly across different industry verticals and the emergence of this technology has resulted in the introduction of Robotic Process Automation (RPA) software. Robotic process automation software eases the work of data collection and management in organizations, which previously required manual labor. Technologies including artificial intelligence, natural language processing, machine learning and voice recognition, among others, are being significantly used in cooperation with robotic process automation in order to make it advanced with intelligent automation. The integration of cognitive capabilities within robotic process automation has led to the development of cognitive robotic process automation.
The world recently witnessed the devastation hurricane Irma and hurricane Maria brought with them. Such unpredictable and changing patterns in the natural environment have shifted the focus of the countries and their governments from development to sustainable development. The focus of most of the nations has also turned to their infrastructures, which are one way or the other taking a toll on the environment, especially in developing countries.
Imagine the awe Ironman's suit held when the ‘Ironman' comic edition was first released in 1963. It was a visionary concept, a glimpse of the future, which seemed ethereal. But, within six decades, the robotics has achieved the unachievable. We don't have an ‘Ironman' in the world yet, no, we don't have the Tesseract, but we do have exoskeleton in existence, not to be compared with Ironman's suit, but it sure has taken the world by storm. Robotics industry has witnessed a fast paced development in the last decade and has expanded its end-user base considerably. Currently, there are 69 robots per 10,000 employees on an average in the industrial section on a global scale.
Modern technology has changed the lifestyle of people and is still evolving. Internet of Things (IoT) emerged as a boon for the technological and virtual world, by connecting the electronic devices across the globe to send and receive data. The latest development in this industry is sensors in Internet of Things (IoT), which are co-efficient and eco-friendly in nature. Internet of Things (IoT) is a swiftly growing industry and has a potential to become huge in the future.