Economic Impact of the Implementation of Robotic and Digital Technologies on Value Added in the Manufacturing Sector

This article examines the economic impact of the implementation of robotic and digital technologies in creating value in the manufacturing sector. It explains the function of innovations such as automation, artificial intelligence, the Internet of Things, and big data in augmenting productivity, product quality, and reducing costs. The research focuses on how the technologies contribute towards optimizing production activities, reducing operating costs, and increasing production flexibility. Successful use of robotics at large companies is analyzed. Technology implementation socio-economical outcomes, such as job creation, and workforce training, are studied as well.