The very nature of employment is transforming. Machines and robots now perform tasks that previously required teams of people and sophisticated production lines. However, this shift isn’t limited to industrial industries; according to a Forrester estimate on automation, over 1 million knowledge-work professions will be automated or AI-enabled by 2020.
Automation In Business
Machines are no longer the simple automata of the past. Today’s robots are powered by artificial intelligence (AI), and developments in robotics and machine learning are propelling the future of automation forward. Robots are now capable of doing complex tasks with minimal human assistance.
On the plus side, work automation will boost connectivity and overall business efficiency. However, automation in business is also about the human component, and it is projected that machines will replace up to half of the labour in the next decade.
The Benefits Of Automation In Business, The Economy, And Society
If businesses want to remain competitive locally and globally, they must embrace automation in the future. In addition to the issue of competitiveness, there is also the issue of knowledge. Many economies worldwide will see a significant portion of their workforce retire over the next decade. If no precautions are taken ahead of time, the loss of expertise among the crew could be disastrous.
Businesses have the opportunity to fundamentally shift their culture by bringing in a younger, tech-savvy workforce. Suppose it is accepted that robots, artificial intelligence, and automation will dominate the future of work. In that case, the question then becomes how best to prepare the workforce for this shift.
In many firms, digital transformation projects, for example, are a suitable transformative option. On the other hand, governments must embrace the future of automation and learn how to utilize automation and artificial intelligence best. They can use the surpluses generated by automation to improve the lives of their constituents better if they have a clear understanding that the gains are not merely financial or economic but also societal.
Companies and governments can profit from integrating automation in the workplace in various ways.Check out the advantage of automation:
Rapid Technological Advancement
While autonomous technologies such as self-driving cars are still a few years away, numerous businesses and countries are actively testing them. The image of a robotic arm in a manufacturing factory is well-known, yet autonomous systems are not limited to physical equipment in this sense. These systems rely on sophisticated Artificial Intelligence (AI)automation algorithms, but other, more straightforward methods are currently used, such as automated grocery check-outs.
These advancements are possible thanks to recent improvements in AI and the introduction of new technologies such as 5G and Big Data. With the growing processing power available and data being collected exponentially, new ideas and enhancements are coming at a breakneck speed.
Economic Growth Increases
The advantages of automation are increasing the value of organizations. Thanks to new information, businesses may now offer products and services that are more tailored and valuable than ever before. Work automation technologies assist companies in identifying issues on the production line and even specific transactions.
But this is just the beginning. The advantages will only grow in magnitude as technology advances. Newer Artificial Intelligence (AI)iterations use clustering and other strategies to improve categorization and estimate procedures to uncover more value. According to current estimations, advanced neural networks are worth $3.5 and $5.8 trillion per year.
Take On The Challenges Of The Societal Moonshot
The advantages of automation are not solely monetary. Many AI and automation advancements are more social and have more significant benefits. These societal problems include employing Artificial Intelligence (AI) to assist research in the medical field, where AI automation, for example, can better identify diseases based on symptoms and patient information.
Some researchers have developed an AI programme that can assist cut the time it takes to diagnose cerebral haemorrhage by 96 per cent. This has immediate, life-saving implications.
The future of automation will look at something that we all seem to be concerned about regularly. The climate and climate science, to be specific. George Washington University academics use machine Learning (ML) to comprehend current climate models better and develop new forecasts based on real-world events.
The Future Of Jobs And Automation
Nearly half of the activities performed by workers could be impacted by improvements in Artificial Intelligence (AI)automation in the following years. This does not imply that jobs will be eliminated; instead, many of the activities performed within these jobs will be altered. The impact on the workforce must be recognized before these benefits may be realized.
While it is true that automation will significantly influence unskilled labour, it will also impact substantially skilled labour. According to projections, almost all jobs will be touched by the decade’s end. By 2030, around 5% of these will be completely automated. While this may not seem scary, the rest of the occupation’s job tasks could be automated to the tune of 30% to 60%.
This shift in how and where people work will have far-reaching consequences worldwide, affecting roughly 15% of the global workforce. Between 10 million and 800 million workers could be affected, depending on how quickly corporations embrace new AI automation technologies.
Growth And Job Creation
While the future of automation tends to depict a grim image, new job opportunities are emerging. Jobs created by modern technologies will significantly outnumber those lost to automation in the future. New jobs naturally create opportunities inside an economy due to various market drivers.
Businesses that acquire efficiencies through automation can open up new options that would not have been possible otherwise. However, existing job procedures will almost always need to be modified. With partial automation becoming the norm, machines will supplement workers. Thanks to artificial intelligence automation, devices will aid humans with more accessible, repetitive work, giving humans more autonomy in skilled, thinking professions.
Examples Of Automation In The Real World
At NIX, we’ve learned that automation is tremendously helpful in these challenging times. During a pandemic, finding a way to limit inter-individual interaction is critical. Food delivery systems, such as the ones we’ve built, are valuable to facilitate this in the restaurant industry.
However, we’ve realized that practically any firm can be automated somehow. For example, the property management tool we designed gave landlords a 360-degree perspective of their buildings. They better understood the rent issue and communicated with their tenants more effectively. Furthermore, having all of the required documents and reports on one platform not only increased their efficiency but also increased their productivity.
Nowadays, corporate communication is frequently automated. For example, the NIX team developed a Salesforce application for Salesforce.com platform users whose daily tasks include many driving talks and SMS sending. It could be sales, marketing, customer service, non-profits, and so on.
The central feature is linking Salesforce users with customers quickly and efficiently. The programme supports both inbound and outbound SMS and integrates directly with the Salesforce platform, eliminating the need for additional plug-ins to contact your Salesforce clients.
As you can see, automation systems may be used in various industries.
According to Forrester research published in 2020, 25% of businesses do not have a plan or strategy to adopt automation. Internal challenges relating to culture or change management are cited by 26% of the organizations polled as the cause of the delay. In contrast, organizational structure, vision, and overall alignment are cited by 25%.
Please get in touch with us if your company comes into this category. We understand automation in business and can assist you in realizing the benefits of incorporating it into your business and procedures.
So,contact ONPASSIVE immediately if you wish to grow your business using automation.