Study: Understanding the Benefits of AI | Page 13

13 SPOTLIGHT ON: AUTONOMOUS MACHINES SPOTLIGHT ON: DIALOG ALGORITHMS Based on these characteristics, autonomous machines enable a degree of automation that has been impossible with conventional robotics. 3.05 1.37 MILLION industrial robots are expected to be in use worldwide by 2020 – up from just 1.83 million units in 2016. 13 Robot density in 2016 was highest in South Korea (631 robots per 10,000 employees in the manufacturing industry), followed by Singapore (488), Germany (309) and Japan (303). 14 A relatively new development is the collaborative robot: instead of operating in a fenced-off-workspace, these robots work side by side with humans and can be fully integrated into existing production workflows. Using this technology, Chinese mobile phone manufacturer Changying Precision Technology has been able to increase productivity by 250% and reduce production errors by 80%. 15 Speech recognition has made rapid progress in recent years: BILLION users will be using digital voice assistants by 2019 – almost twice as many as two years earlier, with growth rates unlikely to taper off any time soon. 16 Dialog algorithms based on speech recognition technologies are used to improve customer service. Telefónica, for instance, has introduced a chatbot, Aura, which is to serve as the first point of contact for customer enquiries and concerns. Conversational commerce takes this a step further. Here, digital assistants advise customers in a natural interaction. The interaction takes place fast and provides callers with extensive information. This could elevate online customer service to new levels and increase brand loyalty.