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Automation accelerated by pandemic, says WEF report

21.10.2020
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Companies step up plans for digitisation, with jobs expected to be lost

Reuters reports on a survey by the World Economic Forum which suggests that companies will accelerate the replacement of humans ‘with robots’ as a result of the Covid-19 pandemic. It sees job creation slowing and job destruction accelerating as companies around the world use technology rather than people for data entry, accounting and administration duties. Meanwhile, the report describes tasks such as managing, advising, decision-making, reasoning, communicating and interacting as ones in which humans are set to retain their comparative advantage. The survey suggested that technology integration would result in 43 per cent of businesses reducing and 34 per cent increasing their workforce over the next five years.

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Reuters reports on a survey by the World Economic Forum which suggests that companies will accelerate the replacement of humans ‘with robots’ as a result of the Covid-19 pandemic.

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