Preparing for Automation delivering insight to customers. humans are currently paid 'hazard Ask any expert and you can almost pay to do dangerous but repetitive Posted 20th July 2020 guarantee that they will inform you tasks, is seen as the UK industry with that years of data reliably point to the highest potential for automation. the conclusion that automation has Other industries with hazard pay are the Preparing for Automation Posted July always created more jobs than it has Transport & Storage industry, which has 20th 2020 The possibility of having removed. The invention of the plough an annual salary bill of E65 billion, and robots or mechanical assistants has allowed us to stop working on farms the Manufacturing industry, which has completing our laborious, dangerous, or and technology has continued in this an annual salary bill of E80 billion. repetitive day-to-day tasks has long been fashion, boosting productivity and, in a dream of humanity. Now, as Robotic turn, providing greater work satisfaction As we begin to enter this Fourth Industrial Process Automation (RPA) becomes and improved living standards. Revolution, it is becoming apparent that commonplace, this dream - or there is a separation of organisations concern, depending on viewpoint - It is currently estimated that 3% of roles into two clear groups: those who are is getting closer. could be entirely automated using the using basic digitisation to support technology we have available to us now. their business, and those who have re- RPA, far from the walking, talking android By 2025 this will have risen to around examined the way they do business and commonly found in science fiction series, 30%, by 2030 it will be at 50% and by integrated combinations of technologies, can be thought of as a programmable 2050 scientists are predicting advanced including RPA, to great effect. So, should piece of software which, through using artificial intelligence (Al) technologies we run for the hills or turn and embrace a series of rules, will complete repetitive will have replaced 85% of current jobs. RPA? The answer is not clear but, looking tasks with a lower error rate and less A more astonishing figure is the 42% at those who have benefitted from this interruption than a human completing of roles which could be made more technology already, preparation for the same tasks. The aim of RPA, beyond efficient, more productive, and more automation will be key. improving efficiency, is to free up enjoyable through automating individual humans from the monotony of roles tasks within the wider role. This is "By 2080 scientists are predicting like data entry, stock management and not spread evenly across industries, predictable physical work, to focus on however - certain industries like Waste advanced artificial intelligence (Al) more critical, unpredictable tasks such Management, an industry with a $40 technologies will have replaced as decision making, interpreting, and billion salary bill in the UK, where many 85% of current jobs"The Human Element People working Posted on July 18th, 2020 | 0 comments in the UK are now working for an average of 20.3 hours a week when The rise of automation has been hailed as the solution to all of society's ills by the tech elite. holidays are taken into By removing the 'human element' from the job, the thinking goes, we can produce more, account faster, better and cheaper. The problem with this is that the 'human element' here is, well, human. By removing people from these roles, we are looking at creating 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. We already see evidence of a lack of Analysts predict opportunity to work in our society. People working in the UK are now working for an average of 20.3 hours a week when holidays are taken into account. They are earning on average that 25% of current jobs will be lost in the The UK f503 a week. The UK currently has an unemployment rate of 4.7% with 1,530,000 people currently unemployed. Tech analysts are predicting that we will lose 25% of current jobs in next 6 to 7 years currently has an > the next 6 or 7 years. Population increases year on year of 0.8% will further compound this unemployment rate of issue. All of this leads one to ask, what will people do for work in an automated future? 4.7% with 1,530,000 people currently So, what will a post-automation society look like? By separating capital generation completely unemployed from labour, we are set to embark on an age of mass unemployment, the likes of which we have never seen. Mass unemployment is likely to create large proportions of our society without a productive outlet or sense of identity, as well as widening the gap between rich The UK's and poor, This future could be a very bleak one indeed. average weekly earning is E503Robotic Process Automation - Where does it fit in? 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: Used in: . Faster handling time . 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 dataTechnical feasibility of job automation Likelihood of automating job tasks Predictably Physical Work Processing Collection Unpredictable Physical Work Stakeholder Intinctiona Applying Expertise with Clients Managing Others 15% 20% 35% 70% 75%6 80% 10% 40% %% of Task which Could be Automated # % of Time Spent on Tasks in all UK OperationsLikelihood 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% 50%% 45%% 40% 35% 30% 25% 20% 15% 10% 5% Electricity and Gas Other Administration Finance and Insurance Waste Management Transportation and Storage Manufacturing Retail Proportion of Jobs at Risk of Full Automation _ Employment Share of Total Jobs