Information, primarily from peer reviewed journals and industry publications will be used to
analyse the feasibility of potential expansion strategies.
1.4 Report Outline
This report will define robotics, and how that relates to artificial intelligence. It will detail some of the current applications of robotics within the industries and countries of interest to Oz Al. Opportunities for market expansion will be then be discussed, including the
advantages and disadvantages of further development of robotics solutions by the company, the risks involved and measures that could be used to mitigate those risks. Finally, this report will provide recommendations for management to consider in its strategic plan for 2017-2022.
2.0 Key Terminology
The Oxford Dictionary (2017) provides the following definitions:
“The theory and development of computer systems able to perform tasks normally requiring human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages.”
“The branch of technology that deals with the design, construction, operation, and application of robots.”
Rajan and Saffiotti (2017) have identified that, while the early pioneers of artificial intelligence saw it as going together with robotics, the two areas of research have, for the most part, developed separately. It is only in the last decade that the two areas have started to come together with the advent of micro-electronics, inexpensive sensors, and the
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