April 30, 2020

Build up a pension with a robot? That's how it works

A standard response to the question of whether someone is dependent on technology is denial; 'Of course I can do without'. In reality, this is often a different story. We have become accustomed to the comforts of technology. On a personal level, there are already dozens of applications in everyday life where people are dependent on technology, but in many industries technology plays a more dominant role. Robots are at the cradle of automation and many jobs are at risk of being redundant in the future. The question is, how dependent on technology are we and how can humans use technology, robots, to their advantage?

BOTS by RevenYOU | Build up a pension with a robot. That's how you do it.
BOTS by RevenYOU | Build up a pension with a robot. That's how you do it.

Robots in logistics

Today, eighty percent of the work within a department store is carried out by people. The remaining twenty percent is filled by conveyor belts, scanners, computers and other machines. The process where a person has to take a product from one place to another seems simple, but turns out to be complicated. A robot can perform a task that always gives the same result. The moment something deviates from the norm, such as a garment with a large stain, the robot no longer understands what it has to do. This is the main reason why the majority of the work is still carried out by humans. Nevertheless, there is fanatic experimentation with techniques such as machine learning. The artificial intelligence of the robots is trained so that the robot can handle every situation successfully. It is expected that in the future a robot will empty the trucks and deliver all products to the right place in the department store. A few days later, the robot brings the product back to the customer. The big companies do not dare to make hard statements about the future yet, but one thing is certain; robots will be a big part of the future.

Robots in care

An industry where technology is welcomed with open arms is the concern. Where one doctor is more conservative, more cautious, innovation is not fast enough for another. Healthcare start-ups come out of the ground like mushrooms with the most challenging ideas. The idea prevails that robots in care can only be used for body scans and precise operations with robotic arms. In reality, it is mainly artificial intelligence that is making the advance in disrupting this industry. An example of this is the use of the self-learning mechanism of artificial intelligence when making a diagnosis. With just one scan of the part of the body in question, the artificial intelligence can recognize patterns and immediately devise a treatment plan. This can be the next step in independently diagnosing patients. This is just one example of the many solutions that robotics can offer in healthcare. Think for example of artificial prostheses, assistance during operations, mental health solutions and the many administrative tasks that are taken out of the hands of the doctor. It is an industry where literally lives are at stake, therefore innovation will not happen overnight, but the ideas are irreversible.

Self-propelled robots

The robots that most probably enjoy the most attention are the self-propelled cars. In recent years, billions have been invested in a completely self-propelled car. At the moment there are several cars, such as the Tesla, where it is possible to be assisted while driving. On highways it is no longer even necessary to touch the steering wheel, the car can drive all by itself. A camera, radar, lidar and the artificial intelligence make it possible to drive the car autonomously. The assistance of robots can be divided into five levels. Level one has no support from robotics, level five has no support from a human. Level three is what is currently used in commercial car sales. Behind the scenes, experiments have been going on for years to find out who reaches the last level first. Companies such as Tesla, Google, General Motors and Uber compete with each other to be the first to deliver a completely self-propelled car to the general public. They agree on one thing; the self-propelled car will be there and probably within a few years.

The controversy surrounding robots

What has been described for decades in fictional novels and scientific papers are the dangers of robots. On the one hand more than 100 billion has been invested in research and production of robots in recent years, but on the other hand nobody wants to know anything about it. A recent study shows that only 17% of the female and 34% of the male interviewees would feel comfortable in a fully self-steering car. This is an example, but the unrest begins when one wonders what will happen when robots determine our fate as judges, lawyers or teachers. Suppose in the future the entire parliament is made up of robots fuelled by artificial intelligence, is there still room for humans on this earth? These are disquieting questions that a human being can ask himself, to which there is simply no answer yet. For now, it seems wiser to focus on the benefits that robotics brings.

Robots for your old age

The previously mentioned applications of robots may sound far away and like a future scenario. However, robots are used more than one might realize. Within the stock markets, forex markets and nowadays also the cryptocurrency markets robots are actively used. The robots execute the orders on the basis of technical analysis, without any human being involved. The human emotion is switched off and purely predetermined choices are executed. In this way, the robot, in this case a programmed system, can generate a return that contributes to the investor's pension. This technology has been used by major investors on Wall Street for years, but now everyone can enjoy this application. Thousands of programmers work every day to develop trading robots based on technical indicators. Using artificial intelligence, these robots are getting smarter and smarter and can invest even better. Parties such as RevenYOU make it possible, via a mobile application, to set up a robot in a matter of minutes, which then takes the work out of their hands. This robot then invests for you in cryptocurrency. This is an insightful and transparent way of building up a pension.

Investing is for everyone

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