Three phase induction motors have a very simple construction made up of a stator covered with electromagnets, and a rotor made up of conductors shorted at each end, 
arranged as a "squirrel cage". They focus on the basic principle of induction where a rotating electro-magnetic field it created by applying a three-stage current at the stators electromagnets. Therefore induces a current inside the rotor's conductors, which in turns produces rotor’s magnetic field that tries to check out stator’s magnetic field, pulling the rotor into rotation.
Great things about AC Induction Motors are:
Induction motors are simple and rugged in structure. They are more robust and can operate in any environmental condition
Induction motors are cheaper in expense 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 can be operated in polluted and explosive environments as they don't have brushes which can cause sparks
AC Induction motors are Asynchronous Machines meaning that the rotor will not switch at the precise same speed since the stator's rotating magnetic field. Some difference in the rotor and stator velocity is necessary in order to make the induction into the rotor. The difference between the two is named the slip. Slip must be kept in a optimal range to ensure that the motor to use efficiently. Roboteq AC Induction controllers could be Induction Motor configured to operate in one of three modes:
Scallar (or Volts per Hertz): an Open loop mode in which a command causes a simultaneous, fixed-ratio Frequency and Voltage change.
Controlled Slip: a Shut Loop speed where voltage and frequency are controlled to keep slip within a narrow range while operating at a preferred speed.
Field Oriented Control (Vector Drive): a Closed Loop Rate and Torque control that functions by optimizing the rotating field of the stator vs. this of the induced field in the rotor.
Observe this video from Learning Engineering for a visual illustration about how AC Induction Motors are constructed and function.