Tuesday, January 17, 2017

Here Come the Robots

Are you likely to be replaced by a robot? Probably not: Less than 5 percent of all occupations can be fully replaced by the technology we have today,  a McKinsey Global Institute study released last week found.

On the other hand, most industries do have some tasks that can be replaced by automation. The study found that 60 percent of all occupations have about 30 percent of tasks that could be turned over to automation. Half of today’s work tasks could be automated by 2055, give or take 20 years, according to the report.

But it's expected to be good for the world's economy. The report estimated that automation could lead to productivity growth of 0.8 to 1.4 percent annually for the major global economies.

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