Companies that are adopting currently demonstrated technologies can automate about half of the works. This implies a substantial transformation of workplaces as well as the workforce. However, the impact of automation varies by job roles and sector. Physical activities in predictable environments, such as operating machinery and making fast food, are particularly vulnerable to automation. Data collection and analysis are two more types of jobs that robots are growing capable of doing better and quicker. This has the potential to displace a significant amount of labor, such as in mortgage origination, paralegal work, accounting, and back-office transaction processing. It is crucial to note, however, that even if some jobs are automated, employment in those occupations may not shrink; rather, people may be assigned to different tasks.
The fear of robots replacing humans in job roles is unnecessary. Automation has very less effect on job roles that involve managing people, applying expertise, and social interactions, where machines are unable to match human performance at least for now. There are also some jobs (Mostly jobs in unpredictable environments) that are technically difficult to automate.
People see how automation is replacing humans from different job roles but one important thing that they don’t notice is the new jobs created by automation and new technologies. According to experts, we might see a spur of job creation by 2030.
Globally, we estimate that 250 million to 280 million new jobs could be created from the impact of rising incomes on consumer goods alone, with up to an additional 50 million to 85 million jobs generated from higher health and education spending.
Article: Jobs lost, jobs gained: What the future of work will mean for jobs, skills, and wages from www.mckinsey.com
The investments made in technologies like artificial intelligence are expected to gain by 50 % by 2030, this will create 20 to 30 million jobs globally.
Automation will transform the world and workplace but it is not going to cause any harm to the workforce until and unless employees are ready to adapt to the new scenario and update themselves with new skills required to go hand in hand with automation and technology.
Will there be enough work in the future?
Sufficient economic growth, technological innovations, and investments are enough to create new jobs in the future.
Benefits of automation in workplaces
- Improved safety and security: With automation robots are taking over hazardous jobs such as jobs involving blades, welding, chemical exposure, and more. It’s obvious why human error can have huge consequences in this setting, especially after workers have been on the line for long hours. Automation also reduces human errors in office settings by accurately monitoring unusual cyber activities.
- Product/Service quality: One of the most significant advantages of automation is the elimination of weariness. Furthermore, robots do not require restroom breaks or sick days. They can produce the same thing in the same way for as long as you want, with almost little fluctuation in quality. In an office setting, automation also provides higher product quality. Automation personal assistance can plan for your office meetings and also remind you about your hospital appointment.
- Higher profits: Automation has the potential to create higher profits by accelerating business growth. For example, while the development of ATMs may have reduced bank teller jobs, the number of branches expanded since ATMs made it cheaper to operate each branch. As a result of the capacity to service more clients over long hours at a lower cost, bank teller employment grew overall.
- More value to employees: By automating aspects of your business, you may provide your employees more value and make them more productive. Furthermore, it will most likely lead to more interesting work.
- Freedom from boredom: Automation allows human employees to focus on more critical jobs band free them from busy and repetitive works.
Conclusive thoughts
Automation in the workplace has huge benefits for everyone. It expedites time-consuming activities, enhancing the candidate and employee experience. This boosts revenue, productivity, and the employer brand. While some people are concerned that AI, automation, and robots will take their jobs away, the facts.
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