How to Be a Winner in the Consumer Robotics Revolution

Source: Entrepreneur
06/16/17, 05:30 AM | Mobile Robots, Other Topics | Investing, service robots, Technology Discussions

Entrepreneur:  Smart robots playing the role of personal assistants, in-home caregivers, even pet sitters used to be fantasies that played out only in the realm of science fiction -- but not anymore. The robotics market is taking off and will continue to grow, with worldwide spending on robotics predicted, according to an IDC study, to reach $139 billion by 2019.

Already we're beginning to see multi-purpose robotic devices on the market. An example is the Jisiwei Smart Vacuum Cleaning Robot, which doesn't just clean your house but is also a home-security device with surveillance monitoring capabilities. Then there's Xiao You, a service robot designed to teach children, take care of household chores and monitor various aspects of daily life.

Finally, there's Domgy by ROOBO, the first "intelligent" pet robot, which aims to be a family companion that plays with your kids, reads your expressions and gestures and even breaks into dance. Imagine that at your next party.

With robots becoming more ubiquitous in many areas of our lives, and with so much opportunity and promise, it's no surprise that more entrepreneurs are jumping into the market.  Full Article:

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