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 duo of MRS Oil and FrieslandCampina Wamco Nigeria Plc weakened the NASD Over-the-Counter (OTC) Securities Exchange by 0.68 per cent on Friday, June 5.
MRS Plc lost N19.00 during the session to sell at N171.00 per share compared with Thursday’s value of N190.00 per share, and FrieslandCampina Wamco Nigeria Plc depreciated by N8.70 to finish at N181.68 per unit compared with the preceding session’s N190.38 per unit.
As a result, the market capitalisation further lost N22.59 billion to close at N2.607 trillion versus the N2.630 trillion it ended a day earlier, and the NASD Unlisted Security Index (NSI) dropped 37.76 points to settle at 4,358.32 points, in contrast to the previous day’s 4,396.08 points.
The alternative stock market closed the last trading day of this week with a price gainer, Central Securities Clearing System (CSCS) Plc, which gained 6 Kobo to quote at N78.40 per share compared with the preceding session’s N78.34 per share. However, it could not prevent the market from going down at the close of business.
Yesterday, the volume of securities bought and sold by investors went down by 50.0 per cent to 140,345 units from the preceding day’s 280,714 units, the value of stocks decreased by 16.5 per cent to N17.9 million from the previous session’s N21.5 million, and the number of deals carried out by market participants fell by 35.7 per cent to 27 deals from the 42 deals recorded on Thursday.
When trading activities closed for the day, Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units exchanged for N8.4 billion, trailed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units sold for N6.5 billion, and CSCS Plc with 64.7 million units traded for N4.4 billion.
GNI Plc also ended the session as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units valued at N415.7 million.
By Dipo Olowookere
Renewed interest in financial stocks and others lifted the Nigerian Exchange (NGX) Limited by 0.15 per cent on Friday.
Customs Street closed higher yesterday despite the 1.37 per cent loss recorded by the consumer goods sector as a result of profit-taking.
This was offset by gains in the other key sectors of the local bourse, as the insurance counter chalked up 1,14 per cent. The banking space appreciated by 0.90 per cent, the industrial goods segment grew by 0.46 per cent, and the energy sector expanded by 0.01 per cent.
Consequently, the All-Share Index (ASI) went up by 366.00 points to 242,593.31 points from 242,227.31 points, and the market capitalisation gained N235 billion to close at N155.594 trillion compared with the previous day’s N155.359 trillion.
The trio of International Energy Insurance, Abbey Mortgage Bank, and DAAR Communications improved by 10.00 per cent each yesterday to N7.26, N9.35, and N1.98, respectively, while Zichis advanced by 9.39 per cent to N32.38, with Sovereign Trust Insurance up by 8.70 per cent to N2.50.
On the flip side, Academy Press lost 9.84 per cent to quote at N8.25, University Press depreciated by 9.73 per cent to N5.10, Africa Prudential dipped by 2.63 per cent to N12.95, Chams crumbled by 2.44 per cent to N4.00, and International Breweries slipped by 1.59 per cent to N12.35.
Business Post reports that the market breadth index was positive during the session after recording 37 appreciating equities and 14 depreciating equities, implying strong investor sentiment.
Abbey Mortgage Bank led the activity chart with a turnover of 164.1 million units worth N1.5 billion, Ellah Lakes sold 76.7 million units for N767.2 million, Access Holdings transacted 44.8 million units valued at N1.1 billion, Linkage Assurance exchanged 23.0 million units worth N41.2 million, and The Initiates traded 20.2 million units for N562.1 million.
At the close of trades, market participants transacted 608.5 million units worth N32.0 billion in 53,826 deals versus the 588.5 million units valued at N27.9 billion executed in 57,352 deals in the previous session. This showed that the number of deals eased by 6.15 per cent, the volume of transactions rose by 3.40 per cent, and the value of transactions soared by 14.70 per cent.
By Adedapo Adesanya
The Naira further depreciated against the United States Dollar by N3.46 or 0.25 per cent to N1,362.21/$1 from N1,358.75/$1 in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Friday, June 5.
However, it appreciated against the Pound Sterling in the same market window during the session by N4.47 to trade at N1,823.59/£1 compared with the previous day’s N1,828.06/£1, and gained N7.00 against the Euro to sell at N1,574.58/€1, in contrast to Thursday’s closing price of N1,581.58/€1.
For another trading session, the Nigerian Naira maintained stability against the Dollar in the parallel market and the GTBank forex counter on Friday at N1,375/$1 and N1,372/$1, respectively.
The Naira is expected to remain strong in the near term, backed by a rise in external reserves, which are nearing $50 billion, enhancing analysts’ confidence about its outlook in the second half of 2026.
Heightened global uncertainty has reduced the incentive for importers and corporates to demand FX, as cautious trade weighs on import needs. Analysts estimate a $40 billion net FX position for the year, a projection anchored in oil windfall gains.
As for the cryptocurrency market, prices remained depressed following a strong US jobs report that spurred markets to price in higher-for-longer interest rates, sending Treasury yields and the dollar up while hammering stocks, especially AI-related names. Crypto markets saw heavy leverage washouts with about $1.6 billion in positions liquidated over 24 hours.
Ethereum (ETH) gave up 4.9 per cent to trade at $1,584.68, Solana (SOL) fell by 3.3 per cent to $63.22, Bitcoin (BTC) crashed by 1.9 per cent to $61,333.23, Dogecoin (DOGE) slipped by 1.8 per cent to $0.0821, and Ripple (XRP) moderated by 1.8 per cent to $1.09.
Further, TRON (TRX) dropped 1.6 per cent to sell at $0.3197, Binance Coin (BNB) slumped by 1.0 per cent to $581.18, and Cardano (ADA) declined by 0.4 per cent to $0.1589, while the US Dollar Tether (USDT) gained 0.07 to sell at $0.9997, and US Dollar Coin (USDC) closed flat at $0.9998.
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