Industrial Automation

Automation
Automation refers to the process of operating devices or systems using automatic techniques, which may involve mechanical, electronic, or robotic methods.
Robot
A robot is a computerized machine that can be programmed to perform certain tasks. Robots are particularly useful in performing work that is monotonous, repetitious, or dangerous.
Steel-Collar Worker
A steel-collar worker refers to the use of robots as employees on a production line, symbolizing the replacement of the traditional blue-collar worker by automated systems and machinery.

Accounting Terms Lexicon

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