AI, Robotics and Humanity is a critical topic of discussion today! Several dangerous trends are occurring in business today. For example, in the last fifty years’ enterprise companies have started to disappear at an alarming rate. The average lifespan of a company on the S&P 500 has gone from more than 50 years to less than 16 years and dropping every year.
Automation in the form of Artificial Intelligence and Robotics are threatening to take a massive number of jobs. Organizations such as theguardian.com, NBC News, CNN and others have predicted that we will see 5 million + jobs being replaced by automation by 2020-2021. That’s is only 4 years away.
Even more critical is that AI is now opening the door to machine replacement in areas such as writing, insurance, law and medicine that have until now been considered untouchable by automation. Now this it true but there are some serious caveats to this type of replacement which may slow this area down but it will not stop it.