AI, robotics, and other forms of automation have the potential to bring great economic benefits. But the introduction of automation also has a negative consequence: it could potentially take several jobs away from humans. This is driving the best automation stocks to strong outperformance this year, with many companies that either use or develop automation technologies boasting double-digit gains against a down market. The adoption of industrial automation is significantly growing due to the advent of IIoT (Industrial Internet of Things), 5G technology, smart devices, and growing demand for high-volume production facilities across several industries. Amazon spokesperson, reported by the New York Times says they are leading in automation. Similarly, Alibaba Group Holding Limited, the largest retailer in the world, is using robots in their storage warehouses to bring inventory to their human workers who then package them and mail orders. PepsiCo is using robotic truck loaders and automated picking which helps them create fully automated mixed cases for smaller stores. Another industry where innovation and automation is rapidly evolving is the healthcare industry. At the core of the global automation revolution is some of the most creative companies that are delivering the best hardware and software solutions to various industries and are ushering in the new age of Artificial Intelligence.
Insider Monkey gives the 10 best automation stocks for 2021 that investors should look into: Brooks Automation is a Massachusetts-based company that is involved in manufacturing automation solutions for the semiconductor industry and the life sciences market worldwide. The Brooks Semiconductor Solutions Group segment offers wafer automation and contamination controls solutions and services while its Life Sciences Services segment provides gene sequencing and gene synthesis services. Cognex Corporation is an emerging automation company that is based in Massachusetts. The company has developed software called VisionPro which consists of patented vision tools for advanced programming and allows users to build vision applications. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. Its industrial automation segment provides collaborative robotic arms, advanced robotic control software for manufacturing and logistics, and autonomous mobile robots. Rockwell Automation, Inc. provides industrial automation and digital transformation solutions. Its products include simulation software, programmable automation controllers, human-machine interface products, industrial computers, and independent cart technology products amongst others. Emerson Electric Co. designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. Emerson is currently shelling out a dividend of $0.5 per share with a dividend yield of 2.21%. More details are in this article 10 Best Automation Stocks for 2021.
