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Rest assured! AI is talking your boring and tedious work

Many people don’t realize is that the robot has existed for a long time, but different from what they think. There are many types of robots, including the amazon mobile robot, or the shop assistant like Target and Lowe.

However, the deployment of the industrial robot is not the only robot that can promote the business development. There are also many other kinds of robot and many companies have introduced intelligent service robotics to increase the working efficiency of the white-collar.

From financial service to accounting, to IT, most of the staff has a series of work that needs to be performed manually and repetitively. The manual work inherent risks, these risks including overtime work causes unnecessary burden for employees, and the departure and job-hopping.

Companies are looking for new ways to gain the competitive advantages, increase customer and employee loyalty, and, more importantly, to let employees release from boring and tedious work. And also, many companies and staff have found the easiness, freedom and high efficiency with the help of the advanced AI robots.

In financial sector, it is very obvious that, in the next 20 years, the positions will have a 93% high chance of being automated. But many accountants fear that this will lead to their unemployment. However, the rising automation such as the robots is good news to financial sector. With the aid of RPA (Robotic Process Automation), service robots will take the place of manual repetitive tasks, reducing the burden of revenue recognition and other processes. This will finally make the finance team closer to the 80-to-20 rule, with 80% of the time used for analysis rather than manual work.

In order to make the company ahead in the competition, and make the employees to keep their roles engaged and excited, implementing the strategy of the correct RPA is critical to the success of the future business.

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Use human-like Robot to Replace Robot-like Human

A good-looking receptionist and the greeting lines are necessary in a reception scenario. And also, the same greeting lines are welcome by all the visitors or interviewers anytime. These motions make the human staff working like a simple machine, and most of them may feel bored.

This uniform way to express their feelings is probably the first step that people want to make humanoid service robots, so that robots can master the emotional state similar with human beings. They want to make a robot to express the feelings, to replace the human being like a robot. And it is possible to disturb the order of all kinds of motions and emotions, do some special actions, and more.

This may be the highest level of development of artificial intelligent robots in our lifetime, but the present artificial intelligence and robotics have much potential to develop. Maybe in next ten or twenty years, when we go to this swimming pool, it is entirely a robot lifeguard. While now, he may have more time to improve his business basically or accompany his family members.

More likely, a robot companion can do listen to a human being’ order, just obey in every way. And such a goal will cultivate a large number of machine slaves. They cannot violate the master’s order, so even if the master makes some movements that disobey the humanity, they are not complaining.

If humans hope advanced AI robots do not do bad things, or do good to the human at least, then the standard of good or bad should be clear. But human beings cannot make it right now. Therefore, letting the robot to complete all the mechanical work that the human beings are engaged in right now is perhaps the best developing end of the intelligent robots.

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Finance industry to be upgraded and evoluted by AI

It is an inevitable trend that innovation technology, such as robotic process automation (RPA) and, cognitive computing will have great impact on our businesses in a few years, and will undoubtedly transform the workforce of the future across the financial industry.  Today, RPA is at the forefront of human-computer technology and promises to provide these intelligent services in the financial industry.

From Wikipedia, Robotic process automation (or RPA) is an emerging form of clerical process automation technology based on the notion of software robots or artificial intelligence (AI) workers. Overtime, artificial intelligent robots are able to perform a great number of repetitive operational functions 24 hours a day, seven days a week.  Recent reports have highlighted that RPA will result in more productive relationship between people and machines through deeper analytics and recommendation engines, strengthening client services and product needs.

Last month, CIO Advisor issued the great-performance companies in Asia – Top 10 APAC Robotic Process Automation Companies 2017, which are at the front of the robot industry in terms of innovation and service expertise. Automation Anywhere, Blue Prism, Kofax, Sanbot robot and other enterprises won the glorious prizes.

Looking back: when the internet was created there was no way to predict some of the impact to Financial Services and other industries that we take for granted today.  Everyone witnesses the impact of Internet to Financial Services. “speech is expected to replace touch-typing for input…” recently said Ruhi Sarikaya, director of Amazon Alexa.   For Financial institutions the key is to embrace the next wave of robotics technology to drive business outcomes and, to use these tools to automate a wide range of activity.

With robotics, automation of recurring functions is possible at the front office and back office, freeing people to focus and work on high value tasks that are more complex.  These functions are achieved through software bots that interface in the same ways humans do with the same sets of applications.  Applying AI and advanced AI robots to front-office client interactions.

Financial services institutions aims to utilize RPA need to think differently. One of the great advantages of RPA is the speed and relatively low cost of implementation. Financial Institutions that are able to adjust their organization and culture to take in intelligent automation as collaborators, rather than “people replacements”, could achieve significant success.

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Robot is one key factor of the world’s intellectualization

A report in Nikkei Asian Review said about 90 percent of the personal robots on display at the IFA consumer electronics trade show, which was held in Berlin earlier this month, were developed and manufactured by Chinese companies.

Sensing the surging demand for such products and systems in industries like healthcare, education and entertainment, China is targeting intelligent service robots worth more than 30 billion yuan by 2020.

Qu Daokui, president of Shenyang-based Siasun Robot & Automation Co, said, “Chinese robot makers must go global. The industry is so globalized and changing so fast that no one knows what a robot will look like in five to seven years. If we only stick our eyes to the home turf, we will die out,” Qu said.

According to the Ministry of Industry and Information Technology, China is now on a par with foreign countries in voice- and image-recognition technologies, which are key to making advanced AI robots.

Also, about 50 percent of domestic robots are equipped with homegrown servomotors, a key element of sophisticated automated machines. This ability overcomes certain technological bottlenecks that have been impeding the industry’s development for a while.

Wang Tianmiao, president of the Smart Manufacturing Research Institute at Beihang University, said technological progress is helping accelerate the global expansion of Chinese robot makers. “But greater international cooperation on R&D is needed to crack the high-end overseas market,” Wang said.

Mounting enthusiasm for broader international cooperation was in evidence at the 2017 World Robot Conference in Beijing in August.

Vice-Premier Liu Yandong said at the event’s opening ceremony, “We will step up efforts to foster closer cooperation with other countries, focusing on robotics R&D, training, and how to better integrate artificial intelligence technologies into innovative AI robotics.”

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Expert: China is to lead the world in robotics

To be at the forefront of the next technological revolution, China is committed to cooperate with more countries and will be able to lead the world in several fields of robotics in the next five to ten years, said Toshio Fukuda, a member of the Science Council of Japan.

“China is a gold mine for innovation and technologies and has large markets for innovative AI robotics,” he said. “With the supportive policies, abundant resources provided by both the government and the companies and more forms of cooperation, China will catch up within a few years and then overtake other developed countries to take the top spot in many fields of robotics.”

He said during the World Robot Conference in Beijing last month that China is now at a new phase with the ability to produce its original robots, and will be able to lead the world in manufacturing robots and making intelligent service robots in the future.

“Particularly in China, there will be a huge market for services robots that assist people in improving the living conditions, such as the cleaning robots, care robots for the elderly and kids and the data logging robots for healthcare.

“After decades of economic boom and development, Chinese people now are sufficiently affluent to be able to afford a better quality of life. And I believe that in the near future, those service robots would be able to cater to people’s specific needs and bring much more value than we thought today.”

In 2015, China introduced the Made in China 2025 strategy, a 10-year national plan to transform the country into a world-class high-tech manufacturing power. The plan aims to move manufacturing up on the value chain, developing several key sectors, including robotics.

With the rapid development in robotics in recent years, China is becoming an increasingly important market for advanced AI robots.

The International Federation of Robotics estimates that China’s shipments of robots rose 27 percent to around 90,000 units in 2016, almost a third of the global total. And the number is expected to almost double to 160,000 in 2019.

Fukuda said Japan and China should cooperate together in developing and producing the necessary robots for consumers. Chinese robot companies should grasp the opportunity, he said.

“The competition in artificial intelligent robotics will be very fierce. Instead of being locked in a competitive environment in first-tier cities like Beijing and Shanghai, companies should find new niche markets and even target small towns,” he said.

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Elites to discuss the big cake of intelligent service robot at WRC2017

The World Robot Conference (WRC) 2017 is on the way. The WRC event will attract the largest quantity of new generation innovative robotic products and the most passionate professionals and scholars in robot industry. What’s more, Chinese senior state leaders will attend the significant event.

There’s no question that massive highlights will debut at the conference. Among the highlights, there is one to be mentioned. On the afternoon of August 23rd, WRC2017 – Robotics Commercial Application Summit & the Opening Ceremony of the First Innovation Competition will be hold in Room A and B on the second floor.

Firstly, there are two heavyweight elites that will attend and share their points of views of the present robot markets and the future development of intelligent service robotics at the summit – Tan Jianrong and Pan Zhengxiang. Tan is the Chinese Academy of Engineering and was invited to be the Chief Scientist of QIHAN Technology Co., Ltd. in July. While Pan Zhengxiang is the member of IET (The Institution of Engineering and Technology) and doctor in HIT (Harbin Institute of Technology).

There are three features about the summit in the following processes:

One, at the summit, the subject is not how long we need to realize the all-sided intelligence, but it is the very problem each Chinese intelligent robot manufacturers care for: After such a long time development, how can the commercial robots for sale be combined and applied to the actual application scenarios?

Two, it is the first time that this actual problem will be talked about at this kind of large-scale world-class conference. At the WRC2017 – Robotics Commercial Application Summit, organizer will invite the robotics application operators to the stage and have a face-to-face communication, spreading their hearts to the robot manufacturers, robotic solution developers and integrators.

Three, most of the prediction and assessment of the future robot markets from the robot manufacturers are similar – Their marketing & sales planning transfers from B2C to B2B and the applications of artificial intelligence robotics in service industry require vertical operators’ further development by combing the industrial pain points and application scenarios.

So as to practice the essential to the summit, the guests are representative: including the investors to new robot startups, robot manufacturing enterprises and suppliers, robot operators who are digging out the marketing value and senior analysis companies that devote to the potential of advanced AI robots.

In addition to the points of views of robot applications and markets, the guests will perform live dialogs at the scene. When the robotic application operators throw out the question such as “The service robot is not as excellent as we expected”, how will the manufacturers, analysts and investors answer? And what are the other’s solutions of the robot when manufacturers inquiry the advantages and disadvantages of B2B and B2C in robot industry?

If you’d like to learn robot application market, listen to the robot leaders’ intelligence and have a live interaction with elites in service robot industry, come to attend the WRC2017 – Robotics Commercial Application Summit & the Opening Ceremony of the First Innovation Competition that is organized by (CAIA) China artificial intelligence robot industry alliance on the morning of August 23rd.

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IDC: Robot is going into Intelligent Era 3.0

On July 6th, as one of the important activities organized at the same time with China International Robot Show, the Intel Artificial Intelligence & Robotics Innovative Ecosystem Summit was held in Shanghai. Intel, as well as the representatives of its partners in robot industry and robot academics, talked about the opportunity and challenges of Chinese robot industry, and points out the prospect of development of robot industry in the era of artificial intelligence. The International Data Corporate (IDC) and China Academy of Information and Communications Technology (CAICT) issued the white paper of Robotics 3.0 New Ecosystem in the Era of Artificial Intelligence.

According to presentations, the white paper analyzes the dynamics status and development trend of Chinese intelligent robots. What’s more, the new concept of Robot 3.0 is proposed in the paper, indicating that robot is going into Intelligent Era 3.0 and the combination of artificial intelligence technology and intelligent robot will be much closer. In addition, the white paper studies the exploration of the Robotics Innovation Ecosystem, which was created by Intel and its business partners. The ecosystem is considered as one beneficial attempt to promote organic cooperation and coordinative innovation, and builds one three-dimensional, omnibearing and organic ecological innovation road.

At the summit, Intel showed its serious progresses and achievements during the processes of creating the open Robotics Innovation Ecosystem. Since its debut in July, 2016, the Robotics Innovation Ecosystem has been flourishing under the support of its robot industry partners. The ecosystem has aggregated over 1000 robot teams, 300 robot chain suppliers and more than 10,000 active users, promoting the continuous and healthy development of intelligent service robots in China and speeding up the application of artificial intelligence in advanced AI robots, The Robotics Innovation Ecosystem has been the key driving force to promote the transformation and upgrading of artificial intelligent robots in China.

“Artificial intelligence is one of Intel’s strategic focuses under the background of data flood trend. As one of the leaders of artificial intelligence innovation, till now, Intel is the only company which can offer configuration and technology of terminal to terminal. Intel will take its technological advantages in artificial intelligence area to immit new energy for robotics innovation.” Song Jiqiang, the president of Intel Labs China, ILC introduced at the summit.