Robots at the gate: Humans and technology at work

Summary for https://www.investmentbank.barclays.com/our-insights/robots-at-the-gate.html?icid=FoW_110418_hero

Sources: https://www.investmentbank.barclays.com/content/dam/barclaysmicrosites/ibpublic/documents/our-insights/Robots-at-the-gate/Barclays-Impact-Series-3-Robots_at_the_Gate-3MB.pdf

  1. Leaps in technological advancement are nothing new, and innovation often results in incredible step changes in the home and the workplace: the printing presses of the 1400s widened access to books (and therefore knowledge) for the first time; the Industrial Revolution’s mechanisation led to an explosion in both industrial output and urbanisation; cars, aeroplanes and the internet have connected people around the world like never before.
  2. Current advances in Artificial Intelligence and machine learning are being made possible through the confluence of three powerful tech-driven events: the rapid digitisation of the economy, which is creating trillions of gigabytes of data every year (and rising); the plummeting cost of storing all that data; and an explosion in ever cheaper, ever more powerful computing power.

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