TECHNOLOGY
76 out across 60 % of all occupations could be automated , though it noted : “ Because automation applies at the task level , AI seems likely to change more occupations than it will eliminate outright .” And , while the aforementioned automation of around 50 % of tasks at a cost saving of $ 900bn is staggering to consider , “ this does not mean that companies will replace workers with machines overnight just because it is technically feasible to do so . The pace and extent of automation will be determined by how companies view the business case , weighing considerations such as the cost of these technology systems , their ease of use , labour market dynamics , the value that could be created , the customer experience , their own capabilities and regulatory and social acceptance .”
The latter points made here are perhaps the most vital impediments to the potential havoc that AI could wreak on labour markets ill-prepared for its introduction : it won ’ t happen immediately and there is time to integrate the technology thoughtfully across economies . In short , as has
AUGUST 2020