FT: “Humanoid robots may generate media coverage and fire the public’s imagination but they are never going to transform our economies — or even make a decent cup of tea. By contrast, last year saw an extraordinary surge in the number of industrial and service robots installed in factories, warehouses and workplaces around the world: this is certain to have a far bigger impact. In 2021, over 517,000 new industrial robots came on stream — 31 per cent more than in the year before — bringing the total global stock to a record 3.5mn. “The use of robotics and automation is growing at breathtaking speed,” the International Federation of Robotics noted… he most enthusiastic adopters of industrial robots are found in Asia, which accounted for 74 per cent of all deployments last year. China led the field with a 51 per cent increase followed by Japan, the US and South Korea.”
Machiavelli: “Kingdoms which depend only upon the exceptional ability of a single man are not long enduring, because such talent disappears with the life of the man, and rarely does it happen to be restored in his successor.” [via strategy+business]
Morgan Housel on one of the lessons learnt from history: “People suffering from sudden, unexpected hardship are likely to adopt views they previously thought unthinkable.” Context: “The most important lessons from history are the takeaways that are so broad they can apply to other fields, other eras, and other people. That’s where lessons have leverage and are most likely to apply to your own life. But those things take some digging to find, often sitting layers below the main story.”
Shane Parish: “Thinking in decades avoids a lot of bad behavior. If you think about relationships lasting decades, you’ll often handle the current moment differently. This works for co-workers, partners, suppliers, customers, friends, etc. Think twice before you interrupt time.”
