Increased automation and robotics, including A.I., may see humans becoming surplus to requirements for a large number of roles according to studies by Oxford University and Deloitte into the effect of computerisation on future employment. Oxford’s 2013 study revealed that 47% of total US employment is at risk of being undertaken by machines and its more recent 2014 study with Deloitte found that over the next 2 decades 35% of UK jobs will be at high risk from automation.
Moore’s law states that the amount of computer processing power that you can buy for $1 doubles every 18-24 months and because of this, automisation is now not just a possible option for companies to consider, it is an alternative that can be impossible for some industries to ignore. Continue reading