Last week at the record-breaking Robotics Industry Forum, Alan Beaulieu, President of the Institute for Trend Research (ITR) presented on the future of automation growth. Beaulieu gave a keynote address to the attending 350 industry professionals about the potential success and pitfalls in the next few decades.
By Mark T. Hoske, Control Engineering
Outlook for automation growth in the U.S. is strong for 2012, and if you’re in a technology business that did well in 2011, you’re likely to do well in 2012 also, suggested Alan Beaulieu, president, Institute for Trend Research (ITR), in a Jan. 19 keynote presentation at the Robotics Industry Forum, AIA Business Conference, and MCA Business Conference, in Orlando, Fla. Beaulieu (and others at the meeting) emphasized that automation helps companies become more efficient. “It will be a good decade for automation,” which helps companies be more productive and efficient even during tough economic times, Beaulieu explained.
Among U.S. concerns, Beaulieu said, debt payments continue to grow within federal budgets, as overspending continues. Now debt is 120% of GDP, the highest since WWII, with no remedy (and none of the large post-war growth potential) in sight, he said. Businesses need to invest now, adding talent and efficiencies to prepare for a possible mild recession in 2014, a larger one in 2019, and a possible depression by 2030.
Read the original article in its entirety at Control Engineering. What are your thoughts about the future of automation? From the business level, are you seeing the same patterns for growth that Alan Beaulieu sees? What are your suggestions for continuing stability in uncertain economic times?
You can explore more research from the Institute for Trend Research at the ITR webpage. The Robotics Industry Forum is an annual members-only conference co-located with the AIA Business Conference and MCA Business Conference. If you don’t want to miss another exciting year, you can learn more about membership on the RIA website. We hope you’ll join us next year for another record-breaking event!