HOW ROBOTS ARE LEADING A REVOLUTION


ARE ROBOTS GOING TO STEAL OUR JOBS?

Most entrepreneurs and CEOs will agree that saving money is usually good for business. If you can help the environment at the same time, then so much the better.

"What is more surprising, however, is the type of jobs and employees that will find themselves at risk."

That’s why a new report from the World Economic Forum is not that surprising. Experts predicted that ‘over the next five years, automation and robots will eliminate 5.1 million jobs globally’. What is more surprising, however, is the type of jobs and employees that will find themselves at risk.

The industrial revolution and the rise of machines undercut many less skilled workers in the 19th century. But these days, the 'Fourth Industrial Revolution' threatens jobs in other industries: office and administrative, manufacturing and production, construction and extraction, installation and maintenance and the arts and entertainment.

"In a report last November, the Andy Haldane, the chief economist of the Bank of England, suggested that robots threaten 15 million jobs in the UK."

In a report last November, the Andy Haldane, the chief economist of the Bank of England, suggested that robots threaten 15 million jobs in the UK. As reported in The Guardian, he added that as technology improved, there was a greater likelihood that “the space remaining for uniquely human skills could shrink further”.

And what are those human skills that might protect jobs from automation? The BBC tried to calculate how likely a robot was able to take your job (try it yourself here). It was based on the work of Oxford University academics Michael Osborne and Carl Frey. They calculated how susceptible to automation each job is based on nine key skills required to perform it; social perceptiveness, negotiation, persuasion, assisting and caring for others, originality, fine arts, finger dexterity, manual dexterity and the need to work in a cramped work space.

"It’s time for businesses to start thinking about how automation is going to change and affect their employees, resources and the bottom line."

And this is not the near future. It’s happening now. Last year, Wired magazine reported that Google won a patent to start building worker robots with personalities. Quill, the natural-language generation platform, is already producing real news content for a number of publications. Mariah Carey held five concerts in different European cities on the same night with holograms.

As the Fourth Industrial Revolution starts turning its wheels, businesses are going to have to keep up. It’s time for businesses to start thinking about how automation is going to change and affect their employees, resources and the bottom line. But also how automation can satisfy their clients and customers and provide them with a better service.