An estimated 20 million jobs will be replaced by robots within the next 11 years, according to a report published by think tank Oxford Economics. But it also estimates a $5 trillion boost to the global economy by 2030 if the number of robots is increased by 30%.
That perfectly summarises the entire debate surrounding the future of automation and robotics in business and society. Robots don’t tire, they can process information and complete tasks much faster and, arguably, to a higher standard than humans. The efficiency case for businesses is clear. But what will that mean for jobs? Will it give people more freedom to follow more creative careers? Or will it lead to mass unemployment?
In the first of our Entrepreneur Sessions, Jo Dalton, long-serving GBEA judge and founder of JD&Co, poses the question to a few members of the Great British Entrepreneurs Champions Hall of Fame.