Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

apitake.cappassessments.com/Asse Progress (27 / 35) The possibility of having robots or Ask any expert and you can almost certain industries, like waste management, mechanical assistants

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
apitake.cappassessments.com/Asse Progress (27 / 35) The possibility of having robots or Ask any expert and you can almost certain industries, like waste management, mechanical assistants completing our guarantee that they will inform you that an industry with a $50 billion salary bill in laborious, dangerous, or repetitive years of data reliably point to the conclusion Australia, where many humans are currently day-to-day tasks has long been a that automation has always created more paid 'hazard pay' to do dangerous but dream of humanity. Now, as Robotic jobs than it has removed. The invention of repetitive tasks, is seen as the Australian Process Automation (RPA) becomes the plough has allowed us to stop working industry with the highest potential for commonplace, this dream - or concern, on farms and technology has continued in automation. depending on viewpoint - is getting this fashion, boosting productivity and, in closer. turn, providing greater work satisfaction and As we begin to enter this Fourth Industrial RPA, far from the walking, talking android improved living standards. Revolution, it is becoming apparent that there is a separation of organisations into commonly found in science fiction series, It is currently estimated that 3% of roles could two clear groups: those who are using basic can be thought of as a programmable piece be entirely automated using the technology digitisation to support their business, and of software which, through using a series of we have available to us now. By 2025 this those who have re-examined the way they rules, will complete repetitive tasks with a will have risen to around 35%, by 2030 it do business and integrated combinations of lower error rate and less interruption than will be at 50% and by 2080 scientists are technologies, including RPA, to great effect. a human completing the same tasks. The predicting advanced artificial intelligence aim of RPA, beyond improving efficiency, is (Al) technologies will have replaced 85% So, should we run for the hills or turn and to free up humans from the monotony of of current jobs. A more astonishing figure embrace RPA? The answer is not clear but, roles like data entry, stock management and is the 42% of roles which could be made looking at those who have benefitted from predictable physical work, to focus on more more efficient, more productive, and more this technology already, preparation for critical, unpredictable tasks such as decision enjoyable through automating individual automation will be key. making, interpreting, and delivering insight tasks within the wider role. This is not spread to customers . evenly across industries, however - " By 2080 scientists are predicting advanced artificial intelligence (Al) technologies will have replaced 85% of current jobs" If all positions were paid equally, how much would Australia spend on wages for unpredictable physical work per month? Select the best answer from the options below. Please note, there are FIVE sources of data information, which you can scroll through. Click on the images above to enlarge them.C apitake.cappassessments.com/Assessments/Hybrid/Take?a=f8bdc77a-e98c-457f-84a6-b4ed8f86a3d6&... Progress (27 / 35) itte. The Human Element Posted on December 11th , 2020 | 0 comments People working in Australia are now The rise of automation has been hailed as the solution to all of society's ills by the tech working an average elite. By removing the 'human element' from the job, the thinking goes, we can produce 20.3 hours a week when more, faster, better and cheaper. The problem with this is that the 'human element holidays are taken into here is, well, human. By removing people from these roles, we are looking at creating account de-employment on a massive scale. There is little we can do to stop the advance of this technology and it is all coming at too quick a pace for regulators to account for. Analysts We already see evidence of a lack of opportunity to work in our society. People working predict that 50% in Australia are now working an average 20.3 hours a week when holidays are taken of current jobs will Australia into account. They are earning an average of $1713 a week. Australia currently has an be lost in the next currently has an unemployment rate of 4.6 % with 636700 people currently unemployed. Tech analysts 7 to 8 years unemployment rate are predicting that we will lose 50% of current jobs in the next 7 or 8 years. Population of 4.6 % with 636700 increases year on year of 0.8% will further compound this issue. All of this leads one to people currently ask, what will people do for work in an automated future? unemployed So, what will a post-automation society look like? By separating capital generation Australia's completely from labour, we are set to embark on an age of mass unemployment, the average weekly likes of which we have never seen. earning is $1713 If all positions were paid equally, how much would Australia spend on wages for unpredictable physical work per month? Select the best answer from the options below. Please note, there are FIVE sources of data information, which you can scroll through. Click on the ima above to enlarge them.Progress (27 / 35) Automated Processing Text Generation and Learning Higher-Level Thinking Robotic Process Automation (RPA) Natural Language Generation (NLG) Intelligent 'Chat-Bots' Used for rules-based, simple, repetitive processes Used for converting data into natural Automates interactions online language text Encourages : Encourages: . Faster handling time Used in: Learning from individual customers . Higher volumes Generating form letters and creating stories based on data Used in: . Reduced errors and costs Retail Unstructured Data Conversion Machine Learning Intelligent Assistance Asks questions to find patterns in data and Learns from cause and effect analysis Learns from stimuli as new scenarios are converts the unstructured into structured presented Encourages: Encourages: Forecasting Encourages: Greater data mining Decision making . Additional consultation Work with unusual forms of data Used in: Used in: Used in: Financial forecasting . Medical diagnosis Converting emails, contracts and receipts into structured data If all positions were paid equally, how much would Australia spend on wages for unpredictable physical work per month?Progress (27 / 35) Submit He eloitte. Likelihood of industries becoming automated in the future Proportion of jobs and their risk of automation. Note: the graph shows a linear decrease in the proportion of jobs at risk of full automation. 60% 55% 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Waste Management Transportation and Manufacturing Retail Administration Finance and Insurance Electricity and Gas Other If all positions were paid equally, how much would Australia spend on wages for unpredictable physical work per month? Select the best answer from the options below. Please note, there are FIVE sources of data information, which you can scroll through. Click on the images above to enlarge them. Search or type URLeloitte. 7 X Technical feasibility of job automation Likelihood of automating job tasks Predictable Physical Work Data Processing Data Collection Unpredictable Physical Work Stakeholder Interactions Applying Expertise Clients Managing Others 30% 35% 40% 45% 50% 55% 65% 80% 5% 10% 15% 20% 25% 60% 70% 75% 0% If all positions were paid equally, how much would Australia spend on wages for unpredictable physical work per month? Select the best answer from the options below. Please note, there are FIVE sources of data information, which you can scroll through. Click on the images above to enlarge them. search or type URIDeloitte. Progress (27 / 35) Submit Help Tutorial Tech at Deloitte Video Recommendations Voicemail Data Source 1: Preparing for Automation Which of the following is the largest number of jobs that could theoretically be within the software industry at present, based on the information available? Select the best answer from the options below. Please note, there are FIVE sources of data information, which you can scroll through. Click on the images above to enlarge them. O 2.4 million 1.2 million 3 million O 5.5 million 8 million

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

7th edition

8131725995, 8131725993, 978-8131725993

More Books

Students also viewed these Economics questions

Question

1. Give them prompts, cues, and time to answer.

Answered: 1 week ago