Magomed Musaev

Founder of Global Venture Alliance and Sapiens Impact.

My metaverse of thoughts.

[Magomed Musaev @musaev_impact]

Businesses can also take part here, investing not only in the technological re-equipment of their enterprises, but also in the education of their employees.
The funds saved due to the introduction of robotics should be partially directed to the retraining of employees.

[Magomed Musaev @musaev_impact]

Of course, not all business processes can be robotized. Human labor is indispensable in many areas. However, in order for people to engage in more highly intellectual work, they must undergo retraining. This task should be given to the business structures that implement RPA.

[Magomed Musaev @musaev_impact]

Many business tasks are already robotic. For example: initial order processing in an online store. When placing an order, the software directs the customer to the payment window. Then monitors the availability of goods in stock and passes it to the manager.

[Magomed Musaev @musaev_impact]

Solomoto is an online platform for small and medium businesses, that provides a single and easy-to-use tool to help businesses manage all their digital marketing activities and customer relations on the web, social media, and mobile environment using just one dashboard.

[Magomed Musaev @musaev_impact]

Kiana Analytics is a fast-growing VC-backed company with offices in Silicon Valley, Seattle and Germany. Kiana’s Platform helps retailers increase store performance and sales conversion by matching web-based vendor capabilities to analyze customer traffic before the Point of Sale

[Magomed Musaev @musaev_impact]

For instance, RoboCV creates robotic systems for a wide range of routine logistics tasks within warehouses, factories and distribution centers and develop cloud solutions for processing a variety of input data.
https://t.co/34qWq3L0uy

[Magomed Musaev @musaev_impact]

Global Venture Alliance has successfully invested in startups that specialize in #RPA. GVA portfolio includes such companies as RoboCV, Kiana Analytics and Solomot, which offer a wide range of robotic machining cells to complex automation systems to system components.

[Magomed Musaev @musaev_impact]

Corporations around the world are rapidly implementing RPA in business functions to improve their productivity. As an effect, the RPA market is growing and there are more and more different vendors targeting different needs.

[Magomed Musaev @musaev_impact]

By adopting Robotic Process Automation #RPA, it is possible to relieve the person from performing routine actions, thereby reducing the risk of errors, speeding up the process of performing these actions and freeing a person to perform other, more interesting and creative tasks.

[Magomed Musaev @musaev_impact]

Yes, robots will replace humans for many jobs, just as innovative farming equipment replaced humans and horses during the industrial revolution. New jobs and roles will be created to support a technology-driven workplace and the changing relationship between humans and machines.

[Magomed Musaev @musaev_impact]

In another example, Amazon is using AI to better understand customer search queries. According to a report, Amazon’s recommendation engine is driving 35% of its total sales.
Also, Amazon has employed more than 200,000 robots in its warehouses to efficiently move things around.

[Magomed Musaev @musaev_impact]

For instance, Airbnb has two unique AI use-cases:
AI-Enabled Guest Background Checks (to vet guests before they stay at host properties) and Smart Pricing Algorithms (a machine-learning algorithm to help its hosts set competitive rates that maximize occupancy rates).

[Magomed Musaev @musaev_impact]

There were 3 key findings based on that survey:
📍Robots will not replace humans – but they will make us smarter and more efficient
📍Work will be more flexible
📍Productivity will get a major boost

[Magomed Musaev @musaev_impact]

Citrix Systems jointly with Oxford Analytica and Coleman Parkes conducted a poll among over 500 C-suite leaders and 1,000 employees within large corporations and mid-market businesses globally on current and future workforce strategies and work models.

[Magomed Musaev @musaev_impact]

Someone sees doom residing within these trends. But what does the future of work really hold? To answer this question, Citrix Systems has undertaken Work 2035, a year-long examination of global work patterns, to understand how work and the role of technology in it will change.

[Magomed Musaev @musaev_impact]

Similarly, Tractica, a market research firm released a report that “forecasts that the annual global revenue for AI products and services will grow from 643.7 million in 2016 to $36.8 billion by 2025. As such, it represents the fastest growing segment of any size in the IT sector

[Magomed Musaev @musaev_impact]

Will machines replace humans in the future of work? Companies are clearly developing their AI and robotics expertise. The Boston Consulting Group estimates that more than $67 billion will be spent worldwide in the robotics sector by 2025, compared to only $11 billion in 2005.

[Magomed Musaev @musaev_impact]

It was considered impossible to build a 1550 nm wavelength LiDAR (eye-safe and high performance) at a reasonable cost due to technological limitations. Today, more than 50 commercial partners use this technology, including 8 of the top 10 car manufacturers in the world.

[Magomed Musaev @musaev_impact]

One of the successful startups GVA has invested in is Luminar. It’s four years of R&D resulted in creation of a new LiDAR (Light Detection and Ranging) - the only type of sensors that allow precision object recognition at long range thus enabling fully-autonomous vehicles.

[Magomed Musaev @musaev_impact]

In this way, Global Venture Alliance (GVA) focus on startups and technologies that can not only bring profits, but also be quickly transferred, with our help, to empower people all over the world in places where it is most needed.