How Will Robotics Impact the Transportation Industry?

The cost of robots in transportation is one factor that impact the countries involved. The transportation industry is worth around 1.3 trillion dollars. The cost of labor outweighs the costs of technology. With the cost that comes with robots in transportation, there are also benefits. Savings that come from the switch from labor to robots include financial savings and savings from error.

Transportation Act

The use of robots may allow for the prevention of human error. An example of this would be efficient running times for subways and computer-led decisions. Robots can also allow for longer hours of transportation. These effects will ultimately lead to an increase in profit.

While there are many benefits to robots, they can also hurt labor. While robots can increase efficiency in transportation, they also displace many workers in the industry.  Robots displace jobs like drivers and maintenance workers. For example, vehicles are beginning to be self-driving, decreasing the need for human drivers.  According to CNN, an estimated 5 million jobs in transportation are expected to be lost in the early 2020’s. When so many people are displaced, bigger companies end up owning services.

Transportation Act

As of now, schools have made no initiatives to prepare students for the future of Artificial Intelligence (A.I.) run industries. This is because it is believed that new technology will not actually lead to loss of jobs and can in fact increase the need for human labor. Humans are adapting to the use of robots in the transportation industry.

Ultimately, the end game for robots in the transportation industry is to make public transportation more available, increase efficiency of transportation, and increase its safety.

Transportation Analyst

References:

https://www.robots.com/faq/what-are-the-main-types-of-robots
https://fitsmallbusiness.com/transportation-industry-statistics/
https://money.cnn.com/2017/09/15/technology/jobs-robots/index.html
https://www.pwc.com/hu/hu/kiadvanyok/assets/pdf/impact_of_automation_on_jobs.pdf
https://www.usnews.com/news/best-countries/articles/2018-12-05/too-few-robots-in-the-west-compared-to-asia-research-says