An induction electric motor or asynchronous motor is an AC electric motor in which the electric current in the rotor needed to produce torque is obtained by electromagnetic induction from the magnetic field of the stator winding. … An induction motor’s rotor could be either wound type or squirrel-cage type.
Benefits of AC Induction ac motor Motors are:

Induction motors are simple and rugged in construction. They are better quality and can operate in virtually any environmental condition
Induction motors are cheaper in cost due to simple rotor construction, lack of brushes, commutators, and slide rings
They are free of maintenance motors unlike dc motors because of the absence of brushes, commutators and slip rings
Induction motors could be operated in polluted and explosive conditions as they don’t have brushes that may cause sparks
AC Induction motors are Asynchronous Machines meaning that the rotor will not convert at the precise same speed since the stator’s rotating magnetic field. Some difference in the rotor and stator quickness is necessary in order to develop the induction in to the rotor. The difference between your two is named the slip. Slip should be kept in a optimal range in order for the motor to operate efficiently. Roboteq AC Induction controllers can be configured to operate in one of three modes:

Scallar (or Volts per Hertz): an Open loop mode in which a order causes a simultaneous, fixed-ratio Frequency and Voltage alter.
Controlled Slip: a Shut Loop speed where voltage and frequency are controlled in order to keep slip within a narrow range while working at a preferred speed.
Field Oriented Control (Vector Drive): a Closed Loop Acceleration and Torque control that works by optimizing the rotating field of the stator vs. this of the induced field in the rotor.
Discover this video from Learning Engineering for a visual illustration about how AC Induction Motors are constructed and function.