Job loss: Fear of artificial intelligence, robotics misplaced; technology cannot replace human hand

Job loss: Fear of artificial intelligence, robotics misplaced; technology cannot replace human hand

The emergence of technologies like robotic process automation, artificial intelligence, natural language processing and machine learning – to name a few – are advancing business, science, and lifestyle at a rapid pace. However, they are also threatening to take over a large number of jobs from humans in the near future. Or so people believe.

It is true that there are certain kinds of jobs, or tasks within jobs, that can be completely left to machines. However, these are fairly limited. A McKinsey study suggests that less than 5 percent of all occupations would be fully automated in the near […]

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