A robot, which till a few years was available for $1,00,000, is now available for merely $25000. And this downward spiral will continue.
Let us wing our way to Japan & understand how it is attempting to tackle 2 issues it is confronting by leveraging advances in robotic revolution.
1. Ageing population
2. Declining workforce
In Japan robots have entered, in a significant way, into factories. Now the Japanese government desires the robots to move into every corner of its economy, including household. Panasonic has developed a Robot Bed – a bed that can transform into a wheel chair (Referenced below)
Bottom Line: In years to come Robot will become an integral part of our lives & take over many of the jobs being currently done by humans.
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In this series, Rajesh Srivastava, Business Strategist and Visiting Faculty at IIM Indore gives you a regular dose of strategy case studies to help you think and keep you one step ahead as a professional as compared to your peers. Rajesh is an alumnus of IIM Bangalore and IIT Kanpur and has over 2 decades of experience in the FMCG industry. All previous Strategy with RS posts can be found here
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