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Currently a Marketing summer intern at ValueFirst Digital Media Pvt. Ltd

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By lavinaagarwal |Email | May 4, 2018 | 26142 Views

Advances in robotics, artificial intelligence, and machine learning are ushering in a new age of automation, as machines match or outperform human performance in a range of work activities, including ones requiring cognitive capabilities. In this report, part of our ongoing research into the future of work, we analyze the automation potential of the global economy, the factors that will determine the pace and extent of workplace adoption, and the economic impact associated with its potential. 

 Mechanization of activeness can enable line to improve performance, by reducing errors and improving caliber and velocity, and in some cases achieving outcomes that go beyond human capabilities. Automation also contributes to productiveness, as it has done historically. At a time of lackluster productivity ontogeny, this would spring a needed boost to economic growth and prosperity and help starting time the encroachment of a declining share of the piece of work in  age population in many countries. 

Based on our scenario modeling, we estimate mechanization could climb productivity growth globally by 0.8 to 1.four per centum annually.  Almost half the activities people are salary almost $16 million in wages to do in the global saving have the potential to be automated by adapting currently demonstrated technology, according to our analysis of more than 2,000 work activities across 800 line of work . While less than 5 percent of all occupations can be automated entirely using demonstrated technologies, about sixty percent of all occupations have at least 30 percent of part activities that could be automated. 

More occupations will change than will be automated away. Activities most susceptible to automation involve physical activities in highly structured and predictable environments, as well as the collection and processing of data. In the United States, these activities make up 51 percent of activities in the economy accounting for almost $2.7 trillion in wages. They are most prevalent in manufacturing, accommodation and food for thought service, and retail trade, and include some middle skill line of work.

Source: HOB