Modern Business Magazine March 2016 | Page 34

MODERN LIFESTYLE How Robotics are Changing the Way We Live and Work Tracking the Megatrend According to the Boston Consulting Group (BCG), ”the size of this coming wave of robotics is staggering: spending on robots worldwide is expected to jump from just over $15 billion in 2010 to about $67 billion by 2025”. Gone are the days when robots 34 ModernBusiness March 2016 were used for dirty low skilled manual or human assisted tasks such as welding, cleaning or painting car doors. With the emergence of low cost high quality robotics, the new “breed” of robots can do everything from cook your dinner to giving children with neurological disorders