Have you heard of "Flippy"?
This is a robotic arm that was designed by Miso Robotics. It is designed to handle the cooking in fast food restaurants.
Originally brought to market in 2016, Flippy went through some iterations along with additional features. Most importantly, the price of it dropped significantly from just 4 years ago.
A few years ago, it took a cool $100,000 to get a hold of Flippy. Today, it comes in at roughly $10,000 with cheaper models on the way. This is an enormous drop in price which is showing how the robotic industry is changing. More companies are going to be able to access the technology with the continued drop in pricing.
Flippy can be had for about $2,000 a month on a subscription basis. This amounts to roughly $3 per hour. The key is that humans cost between $4,000-$10,000 per month depending upon the hours a restaurant keeps.
This is a big deal. When the companies producing these robots can show a significant cost savings, we are going to see an acceleration in their implementation.
In this instance, automation in the worst case situation is break even based upon Miso's pricing strategy. New models will most likely offer savings the first month.
Of course, a lot of it depends upon how well the robotics actually work. There are obvious limitations to these technologies but, in addition to price drops, they are improving.
The pace of implementation is going to affect how well we are able to handle the job loss. If it is quick, that could be something that society has difficulty adjusting to. The longer it takes, the greater the chance that we can adapt.
Four years is not a long time and shows the power of advancement. This is the reason why many feel that technological unemployment is going to be a problem at some point in the next decade. With price drops like this, another 5 years will enable most companies to be able to afford technologies of this nature.
It is going to be interesting to watch.
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Posted via Steemleo
Flippy is never late for work, drinks late through the night and too sick to sell burgers, complains about the boss, just works and works.........An occasional lube and cleaning, and back to work........Sign of things to come.
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Yes I would agree it is a sign of things to come. We are going to see a lot more of this in the future.
This is just the start in my opinion.
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All of our jobs will at risk of the robotic revolution, in my opinion, governments will begin to tax the robots as people will be forced out of our jobs, not contributing taxes and money to social security.
Within the next 10 years, we will all be out of a job..I better find a job that involves some type of creativity.
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Unfortunately @rollandthomas, creativity is within the realm of AI. We are seeing that capability expand.
It is why I am so committed to crypto, I think that is a solution for many of the issues we are going to be facing.
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@taskmaster4450le been cost effective is important for any business and it is so exciting to know that robotics is now a kind of technology that can make that become a reality without stress
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for people like me who are fans of eating at fast food restaurants,such robots would make our food orders carried out in a super-fast way which will make we the customers happy and also help the restaurant owner to be able to save some money too and be excited too.....
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Beautiful to see. I'm currently consulting a research on Robotic application for human hand operations in production line.
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I agree that technology is improving things all over the place. The world is better off because of technology.
There are still major issues but the spread of technology is going to really help things over the next decade.
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