Five Myths and Facts About Robotics Technology Today
Ever faster processors, cheaper sensors, abundant open-source code, ubiquitous connectivity, and the advent of 3D printing are some of the forces behind the recent proliferation of robots. As I see things, these forces will only get stronger, and as more robots become part of our lives—in homes, offices, factories, hospitals, and many other places—we'll inevitably face challenges involving our adoption and use of robots.
Some observers are voicing their fears about a decline in human-human interaction, while others warn of an irreversible and senseless loss of jobs, with robots taking over tasks that, they argue, should not be performed by machines (such as caring for the elderly). Trade-offs will certainly be part of our growing reliance on robotics and automation. And it will be up to us to manage these trade-offs, just as we have with other technologies such as electricity, the automobile, aviation, nuclear power, computers, and the Internet.
As a VC looking for investment opportunities in robotics, I talk to lots of different people about their views on the future of this industry. Many times what I hear from these people are totally contradictory, so I often have to come up with my own conclusions. Below I present a list of what I consider are five pressing issues concerning robotics—and I identify each as a myth or a fact. My hope is that they can provoke some thought and debate among engineers, policy makers, consumers, and investors. Let me know what you think.