Even before COVID-19 struck, the world was already going through a seismic technological transformation driven by rapid digitalisation of processes and systems, Artificial Intelligence and Machine Learning, Big Data, Nanotechnology, Biotechnology, Robotics and Humanoid Robotics and many other technological innovations now termed the 4th Industrial Revolution.
Collectively, these developments are causing profound changes in the way the world’s economies and businesses are run – from global trade to global peace and security.
In the not-so-distant past, the mere mention of robots infiltrating our daily lives would have been dismissed as fantastical fiction. Robots, once relegated to the periphery, have emerged as an unstoppable force – silently infiltrating every nook and cranny of various industries.
This disruptive juggernaut challenges conventional employment structures and obliterates long-standing notions of labour. It is imperative to grasp the immense impact it will have on our future workspaces, economy and the very essence of what it means to earn a living.
Today, robots now possess an astonishing array of capabilities that rival the depths of human potential.
As their capabilities advance at an unprecedented pace, one resounding question echoes: How will robotics forge the future of work? Will we stubbornly resist the inexorable tide of progress, clinging desperately to antiquated employment models?
Or will we boldly embrace this newfound symbiosis with technology, forging a future wherein humans and robots harmoniously coexist with each capitalising on their distinct strengths?
By augmenting human capabilities, Artificial Intelligence (AI) has paved the way for ground-breaking advancements and opened up new possibilities across industries and professions.
In recent times, AI has become a topic of interest across the globe – with businesses and individuals particularly incorporating and deploying the technology in their operational processes to enhance product and service output.
As AI continues to advance, its potential as a key catalyst for economic development and innovation becomes increasingly evident. The impact of AI on efficiency transcends individual businesses to entire industries and government agencies.
