Senior business decision makers in automation pledge

As increasing workforce automation feeds workers fears that they will be be replaced by robot counterparts, 80% of companies adopting artificial intelligence have pledged to retain and retrain existing staff – a report by Infosys states.

With 64% of surveyed companies deeming large-scale implementation of AI central to future growth iniatives, concerns lie with employees whose jobs may become automated.

A 2016 report by The World Economic Forum projected that 7.1 million jobs could be lost by 2020 to automation and disintermediation - even though The World Economic Forum (WEF) projects that unemployment and underemployment will be the biggest risks to business globally.

However Infosy’s survey of 1,600 of senior business decision makers finds that, overwhelmingly, their companies will retrain and redeploy displaced staff.