Automation

Automation is technology used at any point in the workflow...in production, in administration, in the delivery of various goods and services. It performs tasks that were previously performed by humans. Automation is being used in a number of areas such as manufacturing, transport, utilities, defense, finance and IT. Automation also includes AI (artificial intelligence).

Pull out: will your job be taken by a robot? Automation could destroy as many as 73 million U.S. jobs by 2030, but economic growth, rising productivity and other forces could more than offset the losses. Terminator time, or the utopian dream of the original Star Trek? I guess we'll find out the hard way...



Find other enlightening terms in Shmoop Finance Genius Bar(f)