Robots already dominate in factories, where the work is repetitive and comes to the robot, and safety issues can be easily contained. In offices, shops and even warehouses, where the work is not quite routine enough for blind robots, they can’t compete with humans.
It’s part of the human condition to assume that the future will be like the past. Such thinking has its evolutionary advantages, but is increasingly out of step with the modern world.
We recently held a heated debate – would AI increase the number of jobs? Peter Karney and Darren Murphy went head to head. Peter: AI can certainly reduce or eliminate menial activities. One example is a call centre. Currently if you need advice you’ll speak to a human being; it’s expensive and can be a complete waste […]
Just as fintech is transforming the banking world, “insurtech” has set its sights on the insurance industry.
There are firms like Trov, which provides insurance on-demand and enables consumers to catalogue insured belongings. Buzzmove uses home removals data to create a new distribution model for insurance – people are more likely to renew or buy insurance when moving house – and helps customers track the value of their assets.
Technology gets more and more advanced every day. Smartphones are faster, apps are more developed, and artificial intelligence is learning more efficiently than ever before. The gadgets, gizmos, and robots in our lives are beginning to evolve faster than we can regulate them.
Now a European Parliament motion looks to keep robots in check in a strange way: they want to classify robots as “electronic persons.”
Developments in robotics and technology mean more and more white collar jobs are being automated and performed by machines, according to experts, who also predict that this automation could solve the productivity gap.
Estimates of the impact of robotic automation vary, but market research by Forrester forecasts that automation will replace 12 million jobs in the U.S. by 2025, according to its report published last month
The migration of factory work to much poorer countries has been a boon to those countries’ economic development, helping spur an unprecedented decline in global poverty.
The bad news is “premature deindustrialization,” in which countries start to lose their manufacturing jobs without getting rich first.