October 25, 2020

Automation: How Has it Become an Industry-Changing Development?

From the California Business Journal Newswires.

Throughout the 21st century, numerous technological advancements have enabled various industries to alter their operations. Fundamentally, many have sought to do so through the use of automation. The process – which requires minimal human involvement – is at the core of numerous control systems throughout an array of sectors. According to the International Society of Automation, the process is defined as an application that controls and monitors the delivery and production of goods and services.

Because of its business-orientated uses, it’s clear to see why automation has taken numerous industries by storm in recent years. From agriculture to Forex trading, computer-controlled developments have revolutionized several markets. So, let’s take a look at how automation has established itself as a business must-have.

Thriving Across Numerous Sectors 

As mentioned above, the power of automation has seen it become a staple across diverse markets. For example, despite their distinct differences, both the agriculture and trading industries have turned to this concept to maximize their productivity. Autogrow is a prime example of how there are few limitations to the flexibility of automation. By their own admission, the company strives to ensure a sustainable future of crop production through intertwining data science, plant biology, and technology.

Regarding how the process works in this market, implementing the technology-based control system aids in producing healthier goods while also minimizing the prospect of crop loss. In terms of products, Autogrow offer an automated greenhouse. This allows humans to schedule watering times, in addition to providing greater flexibility over the growing environment. In line with the concept’s fundamental objectives, the computer-powered greenhouse enhances both efficiency and reliability.

On the other hand, automation is also at the heart of digital operations. Trading on the foreign exchange market has become increasingly common throughout the past decade, and control systems have become integral to navigating the industry. Regarding auto-trading, automated tools scan the market in search of profitable trades through developed algorithms. With pre-set parameters, robots such as Forex Gump and Strategy Quant use technical indicators to ensure heightened efficiency when trading, thus eradicating any human bias at decision-making processes.

Why Have Numerous Markets Embraced its Potential? 

Aside from Forex trading, which is a multi-trillion-dollar industry, automation’s reliability has seen it become a go-to concept for businesses of various sizes. For those seeking to grow their company, the control-based system is one of the most recommended ways to scale your organization. Aside from guaranteeing enhanced efficiency and speed across various tasks, embracing automation will reduce the need to hire human employees. Fundamentally, this will cut the overall running costs of the business while maximizing potential profits.

According to Productivity, there are many positives to automation. One of the technology’s most significant benefits relates to its working ability. Unlike a person, a computer-powered advancement can work all day every day. In turn, this will enhance product output while maintaining the sought-after quality.

As expected, however, implementing such technology is a costly expense, particularly for small businesses. That said, if automation cuts employee numbers at the same time as sustaining a high level of production, then it will inevitably pay for itself over a period of time.

The Future of Business Operations is Automated 

Irrespective of business size, there is no getting away from the fact that computer-powered systems will one day provide the foundations for various industries. Because of its cost-cutting and time-saving capabilities, company productivity has the potential to reach new heights as automation continues to develop. Although some may oppose adopting a technology-driven approach to operations, it will likely be pivotal in competing with market rivals throughout the coming decades.

 

Written by

Rick Weinberg is Editor-in-Chief at California Business Journal. He is a well-known journalist, writer, reporter and on-air talent who has worked for the New York Times, FOX and ESPN. He launched California Business Journal to focus on California businesses and business professionals as well as California business news and information. Contact: Rick@CalBizJournal.com / 949-648-3815