Automation and the future of work

31 March 2017

The discourse on automation is gaining momentum as A.I. and robotics become increasingly sophisticated, emulating tasks initially performed by humans. This is transforming workplaces as more jobs get automated with strong implications for both governments and entrepreneurs.
Business organisations are investing in automation to become more competitive by increasing speed and productivity and the improving technological sophistication of A.I. and robotics is matched with falling costs. It is reported that a typical industrial robot can cost up to £4.0 an hour to operate, compared to an average hourly wage rate of £13.8 in the UK and £19.0 in the USA (News Item Euromonitor, 20 February 2017).
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