These robotic arms aren't replacing humans --  they're working alongside them

A company called Universal Robots creates robotic arms. They’re called “cobots.” That’s because instead of replacing human workers, “cobots” help and work alongside them.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at