The rapid evolution of machines and algorithms in the workplace could create 133 million new roles in place of 75 million that will be displaced between now and 2022- World Economic Forum

The Truth

The impact of robotics and automation on job displacement is a complex topic. While there are concerns and perceptions that robotics will take away jobs, here is the reality. 

Robotic Automation in various industries has led to job displacement and transformation. While specific repetitive and mundane tasks may be automated, new job roles and opportunities have emerged due to technological advancements. It is crucial to recognize that automation and robotics can enhance productivity and efficiency in many industries, leading to economic growth and new job opportunities. 

The Outlook

Robotic Automation’s purpose isn’t to replace human jobs but to redefine the approach toward certain job functions to prioritize business growth and provide a more fulfilling challenge. It is essential for individuals and businesses to adapt to these changes, acquire new skills, and embrace the opportunities that arise from the integration of robotics and automation into the workforce. 

Think of it like this. More robots mean more workers. Robotic Automation increases quality, efficiency, and productivity. The business will need more people to meet the increased demand, and automation leads to hiring overall.

Automation Can Lead to Hiring

The World Economic Forum article states that robotic automation will have a NET INCREASE of 58 million jobs.

  • Latest research from the World Economic Forum forecasts that by 2025, machines will perform more current work tasks than humans, compared to 71% being performed by humans today
  • The rapid evolution of machines and algorithms in the workplace could create 133 million new roles in place of 75 million that will be displaced between now and 2022- World Economic Forum 
  • Urgent challenges include providing reskilling opportunities, enabling remote work, and building safety nets to protect at-risk workers and communities

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Is your business ready for this shift? Exact is here to help you understand and set up a robotic automation system. Contact us today!

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