Analysis of Financing Strategies of ECOVACS Robotics Based on PEST

Abstract

The artificial intelligence business has a wide potential as a young industry that continues to influence human social and economic growth. The development of efficient finance techniques has emerged as a crucial challenge for artificial intelligence businesses as they look to expand their markets and implement their plans. In order to sort out and analyze the strategic influencing factors on the development of artificial intelligence in China, particularly the status quo and issues of enterprise financing, this paper uses ECOVACS Robotics as a research sample. Financing is the primary source of funds necessary for the survival and development of enterprises. The demand for financing capital from businesses will rise as the worldwide market for service robotics continues to grow rapidly. According to the report, ECOVACS should adopt a targeted approach by bolstering technological advancement, boosting visibility, boosting legal support, boosting funding sources, and directing the targeted strategy in various ways.