Economy
Molex Envisions the Future of Robotics in New Industry Report that Considers the Rising Potential of Human-Machine Collaborations
- Advances in artificial intelligence, machine learning and sensor fusion drive robotics functionality across factory, home, classroom, healthcare and military applications
- Ongoing innovations in high-speed connectivity, edge computing, network redundancy and fail-safe procedures crucial to optimizing robotics opportunities
- Emergence of natural language processing and emotional AI functionality poised to propel more intuitive, responsive and adaptive human-machine interaction
LISLE, IL – Media OutReach Newswire – 3 December 2024 – Molex, a global electronics leader and connectivity innovator, has issued a thought leadership report that looks at the future potential of robotics, resulting in more intuitive, intelligent and interconnected human-machine communications and collaborations. “The Molex 2024 Robotics Report: How Robotics will Empower Human Potential” contemplates a future where highly advanced robotics systems and multipurpose robots transform fundamental aspects of everyday life — from improving how factories function and students learn to making smart homes more efficient, elevating patient care and increasing support for military operations.
“As we explore the role of robotics across various industries, it is becoming increasingly apparent that the future will be shaped by the evolving relationship between humans and machines,” said Brian Hauge, SVP and president, Consumer and Commercial Solutions, Molex. “This latest industry report sheds light on a promising future of unprecedented human-machine interactions while underscoring the critical need for enabling technologies and seamless connections between robotics systems and their human counterparts to empower faster, more effective and extremely precise decision making.”
Foundational Technologies Driving Robotics Advancements
The future of robotics depends in larger part on the continued evolution of core communications and computing technologies that enable autonomous operation in dynamic environments. Topping the list is high-speed connectivity, as robotics systems require low-latency communications and near-instantaneous data transfers to respond with speed and precision. While 5G/6G networks will deliver high bandwidth, low latency communications, it is important to design robotics solutions with multiple connectivity options, including the ability to switch between 5G and Wi-Fi or satellite networks that provide multi-channel redundancy.
Equally important, processing data locally on nearby edge devices ensures uninterrupted, independent operation of robotics systems and robots. With edge computing, for example, these automated solutions can process data instantaneously, which is essential for applications requiring split-second decisions. In most industrial automation or manufacturing environments, robots are always programmed with fail-safe protocols that throttle back power and functionality to a safe operational state if connectivity is disrupted or compromised.
Benefitting from AI/ML and Sensor Fusion Innovations
As the biggest engines behind robotic adaptability, advancements in AI and ML are crucial. AI algorithms let robots make informed decisions based on real-time data while adapting quickly to new circumstances, and even predicting future conditions based on past interactions. Through ML, robots can analyze patterns to optimize behavior while increasing efficiency and accuracy by continually learning, adapting and improving performance. Sensor fusion combines data from different sources, such as LiDAR, cameras, along with depth and force sensors, to help multipurpose robots better perceive depth, movement and obstacles in different settings.
Important Factors in Greater Human-Robot Interactions
According to Molex’s robotics report, robots that can understand, respond to, and even anticipate human emotional and contextual needs are on the horizon. With Natural Language Processing (NLP), for instance, robots can follow spoken commands, engage in dialogue and adjust actions based on contextual understanding. Additionally, emotional AI enables robots to recognize and respond to emotional cues by analyzing a human’s tone of voice or facial expressions. Molex expects this rise in human-centered interactions to foster a deeper sense of engagement, enabling future robotics systems and autonomous robots to adapt more readily to complex home environments, and take on new roles as personalized educational tutors, indispensable surgery assistants and continuous patient monitors.
With the arrival of Industry 4.0, collaborative robots, or cobots, are gaining traction in handling increasingly complicated duties in industrial settings. Not only can robotics systems and an entire fleet of robots keep production lines running smoothly, but they can also anticipate and fix potential manufacturing bottlenecks while helping engineers design better products. In the future, cobots will redefine precision and personalization in every environment, including operating rooms, classrooms and battlefields.
Critical Enabler of Robotic Transformations
Major advances in robotic technologies and greater interaction opportunities will require innovations in connectivity, power management and data processing. Molex’s robust portfolio of resilient and reliable connectors will enable ever-increasing collaboration between humans and machines to support the most demanding applications across diverse industry sectors.
Hashtag: #Molex
The issuer is solely responsible for the content of this announcement.
About Molex
Molex is a global electronics leader committed to making the world a better, more connected place. With presence in more than 40 countries, Molex enables transformative technology innovation in the automotive, data center, industrial automation, healthcare, 5G, cloud and consumer device industries. Through trusted customer and industry relationships, unrivaled engineering expertise, and product quality and reliability, Molex realizes the infinite potential of Creating Connections for Life. For more information, visit 
www.molex.com.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.80 per cent gain on Friday, December 27, helped by two price gainers, FrieslandCampina Wamco Nigeria Plc and Geo-Fluids Plc.
FrieslandCampina Wamco Nigeria Plc improved its value by N3.84 to trade at N43.84 per unit compared with the preceding trading session’s N40.00 per unit and Geo-Fluids Plc gained 24 Kobo to close at N4.85 per share, in contrast to Tuesday’s closing price of N4.61 per share.
However, the share price of Industrial and General Insurance (IGI) Plc shrank during the last trading day of the week by 2 Kobo to 15 Kobo per unit from 17 Kobo per unit.
At the close of transactions, the market capitalisation increased by N8.24 billion to wrap the session at N1.040 trillion versus the preceding trading day’s N1.032 trillion and the NASD Unlisted Security Index (NSI) expanded by 24.02 points to 3,035.61 points from the 3,011.59 points recorded in the previous session.
The volume of securities traded in the first session after the Christmas break surged by 41.8 per cent to 7.5 million units from the 5.3 million units recorded in the preceding session, the value of shares traded yesterday increased by 117.4 per cent to N51.7 million from N23.8 million, and the number of deals went up by 200 per cent to 32 deals from the eight deals carried out on Tuesday.
When the alternative stock market ended for the session, Geo-Fluids Plc maintained its position as the most active equity by volume on a year-to-date basis with 1.7 billion units sold for N4.0 billion, followed by Okitipupa Plc with 752.4 million units valued at N7.8 billion, and Afriland Properties Plc with 297.7 million units worth N5.3 million.
Also, Aradel Holdings Plc remained the most active stock by value (year-to-date) with 108.7 million units worth N89.2 billion, trailed by Okitipupa Plc with 752.4 million units valued at N7.8 billion, and Afriland Properties Plc with 297.7 million units sold for N5.3 billion.
By Dipo Olowookere
The first trading session after the 2024 Christmas break on the floor of the Nigerian Exchange (NGX) Limited ended on a negative note on Friday.
The local stock exchange closed lower by 0.05 per cent during the trading session as the market participants embarked on profit-taking.
The sell-offs were prominent in the banking and energy sectors, crumbling by 1.16 per cent and 0.21 per cent, respectively.
However, the insurance index maintained its upward movement with a 2.31 per cent growth, as the consumer goods and industrial goods counters gained 0.15 per cent and 0.01 per cent apiece.
At the close of business, the All-Share Index (ASI) went down by 52.73 points to 102,133.30 points from 102,186.03 points and the market capitalisation declined by N32 billion to N61.912 trillion from N61.944 trillion.
Despite the loss suffered by the bourse, investor sentiment was bullish after 45 equities ended on the gainers’ chart and 18 equities finished on the losers’ table, indicating a positive market breadth index.
Honeywell Flour shed 9.09 per cent to trade at N6.30, RT Briscoe waned by 5.66 per cent to N2.50, Neimeth slowed by 5.47 per cent to N1.90, Eterna gave up 5.00 per cent to settle at N28.50, and Tantalizers soured by 4.44 per cent to N1.72.
Conversely, University Press expanded by 10.00 per cent to N3.85, Coronation Insurance grew by 10.00 per cent to N1.87, Universal Insurance rose by 10.00 per cent to 55 Kobo, Ikeja Hotel jumped by 9.95 per cent to N12.15, and May and Baker inflated by 9.94 per cent to N9.40.
The busiest stock yesterday was UBA with 41.7 million units valued at N1.5 billion, Access Holdings traded 35.4 million units worth N871.3 million, Zenith Bank exchanged 33.3 million units valued at N1.5 billion, GTCO transacted 22.9 million units worth N1.3 billion and Jaiz Bank sold 19.2 million units for N57.2 million.
When trading activities ended for the session, the value of shares went down by 4.37 per cent to N17.5 billion from N18.3 billion, the volume of transactions increased by 4.61 per cent to 451.7 million shares from 431.8 million shares, and the number of deals surged by 49.97 per cent to 12,551 deals from 8,369 deals.
By Adedapo Adesanya
The value of the Naira appreciated against the US Dollar by 0.16 per cent or N2.15 in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, December 27 as festive activities wound down in the country.
During the last trading session of the Christmas week, the domestic currency was exchanged at N1,538.50/$1 in the official window, in contrast to the preceding session’s N1,540.65/$1.
The official market closed on Wednesday (December 25) and Thursday (December 26) for the holidays but resumed yesterday, with two more trading sessions left in the year.
December activities are winding down and the influx of FX from foreigners in the country will start reducing, with more demand for the Dollar set to occur in the coming days.
At the spot market on Friday, the local currency depreciated against the British Pound Sterling by N1.31 to wrap the session at N1,934.22/£1 compared with Tuesday’s closing price of N1,932.91/£1 and against the Euro, it lost N5.51 to sell for N1,605.47/€1, in contrast to the previous session’s N1,599.96/€1.
A look at the parallel market showed that the Nigerian Naira maintained stability against the greenback yesterday at N1,640/$1.
The Naira for most of December trended upward since the Central Bank of Nigeria (CBN)-backed Electronic Foreign Exchange Matching System (EFEMS) launched on December 2.
The platform which set new guidelines for authorised Foreign Exchange (FX) dealers made it harder to sell at inflated rates to avoid CBN’s punishment.
Last week, to further alleviate pressure on the official market, the apex bank granted Bureaux de Change (BDC) operators temporary access to NAFEM, which is the official market, as part of efforts to further strengthen the Naira in the currency market.
In the cryptocurrency market, there was a mixed outcome as the landscape cooled ahead of next year’s promises, including a more relaxed crypto environment in the US.
Litecoin (LTC) declined by 3.4 per cent to $99.59, Solana (SOL) shed 1.4 per cent to sell at $185.53, Bitcoin (BTC) slid by 1.00 per cent to $94,327.94, Ethereum (ETH) slumped by 0.4 per cent to $3,337.53, the US Dollar Tether (USDT) fell by 0.06 per cent to $0.9983, and the US Dollar Coin (USDC) lost 0.01 per cent to settle at $0.9998.
On the flip side, Dogecoin (DOGE) rose by 0.9 per cent to $0.3159, Ripple (XRP) gained 0.2 per cent to quote at $2.16, Cardano (ADA) also improved by 0.2 per cent to $0.8076 and Binance Coin (BNB) went up by 0.06 per cent to $696.24.
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