Key Factors of Production Robotization and its Impact on Labor Productivity

The article examines robotic production processes from the standpoint of their features, consequences, and economic effects. The main advantages of production robotization processes in the context of increasing the competitiveness of enterprises are determined. The processes of robotization were studied in a cross-section of countries of the world. The main trends in the development of the robot sector over the last decade are given. Sectoral features of robotics in modern conditions are revealed. An analysis of the influence of critical factors of robotics, particularly investments in ICT, the innovative activity of countries, and others, was carried out. The influence of robotization on labor productivity was studied, and a conclusion was drawn about the significant economic advantages of business in conditions of active automation.