Automation has been gradually transforming the workplace for years (think Excel spreadsheets or chatbots). As artificial intelligence (AI), machine learning and deep learning systems that can learn from each other become more prevalent and smarter (think Alexa or IBM Watson), they continue to replace more manual, repetitive job tasks. Consequently, automation and robots are changing more jobs globally at breakneck speed.
A McKinsey Global Institute report suggests that between 400 million to 800 million jobs worldwide will be lost due to automation by 2030. The report claims that the U.S. could lose between 16 to 54 million jobs by 2030. The pace at which robots are entering our workforce is staggering. Oxford Economics expects robots and automation to replace 20 million (8.5%) global manufacturing jobs by 2030.
Keep in mind that these predictions came before anyone predicted the Covid-19 pandemic or its impact on our workforce. The pandemic has made the need for digital transformation and automation more urgent as the critical need to work from home, physical distancing and contactless become the new normal.