DECEMBER 20178HERE'S WHAT IT MEANSBy Vikrant Yadav, Country Manager - India Sales, GreyOrange Pte LtdBeing a part of an indus-try that is expected to grow four fold in the next four years is like being on a swing only goes up. This is India's eCommerce industry. According to a May 2016 ASSOCHAM-Forrester study, In-dia's eCommerce revenue will jump from US $30 billion in 2016 to US $120 billion in 2020, growing at 51percent per an-num, the highest in the world. Smartphone savvy millennials looking for a superior experience, compet-itive pricing and shopping on the move seem the surface reasons for this massive growth. However, there is some-thing beneath the surface: warehousing costs for an eCom-merce player can be as much as 25 percent of their total supply chain costs. Therefore, it is essential for eCommerce and logistics companies to automate their warehouses by deploying robotic systems to make their supply chains more effective and efficient. With selling propositions like same-day delivery, four-hour delivery, the level of automation at warehouses becomes the key differentiator for eCommerce players. Think of a warehouse the size of a football stadi-um with over 10,000 different types of products. Manual sorting of shipments based on delivery destinations can be cumbersome, inaccurate, and inefficient. Instead, a robotic sorting solution can read the barcodes on the packets, and sort them according to customized parameters such as first-in-first-out, delivery address, same-day delivery etc., there-by, speeding up the process almost 10 times, with higher accuracy. Not just eCommerce and logistics, robotics will disrupt several other industries in the next few years. For GreyOrange is a multinational technology company that designs manufactures and deploys advanced robotics systems for automation at distribution and fulfilment centres.IN MY OPINIONinstance, only about 1,000 robot-assisted surgeries were performed around the world in 2001. The number had dramatically gone up to about 5,70,000 in 2014 and is well expected to have crossed the 2 million mark by 2015. High precision procedures during the surgery can be handled by robots (under human supervision) to increase the chances of success of a surgery. Similarly, when you are in Japan the next time, try checking into the Henn-na hotel in a Netherlands-themed amusement park in Nagasaki. The hotel is completely staffed by multilingual robots that can process language to understand the orders and requirements of its guests and take care of them.
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