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Automation will cost jobs — and create more: study

ONE IN five medium-sized businesses in the UK believes that automation will help them compete with larger rivals.

Automation will cost jobs — and create more: study

Larger firms have so far been quicker to adopt automation, and a report from the World Economic Forum suggests that while automation is likely to displace 75 million jobs, it will also create 133 million new ones.

Seen as a threat and as an opportunity, automation is having a ripple effect across industries and companies. According to research from fintech firm Centtrip, one in three medium-size businesses believes new technologies will save money, and almost three-quarters (74 percent) already use automation in some or all areas of their business.

Read the article in full: Business Vision Magazine

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