close  video close icon
The four fundamentals of workplace automation

Four fundamentals of workplace automation

In 2015 McKinsey & Company set out to investigate the potential automation technologies held for jobs, organisations, and the future of work, in an article titled “Four fundamentals of workplace automation

We wanted to share with you six insights from McKinsey’s important fundamentals, which are likely to impact your business.

  1. Very few occupations will be automated in their entirety in the near or medium term.
  2. Rather, certain activities are more likely to be automated, requiring entire business processes to be transformed, and jobs performed by people to be redefined.
  3. Fewer than 5 percent of occupations can be entirely automated using current technology.
  4. However, about 60 percent of occupations could have 30 percent or more of their constituent activities automated.
  5. The benefits (ranging from increased output to higher quality and improved reliability, as well as the potential to perform some tasks at superhuman levels) typically are between three and ten times the cost.
  6. In many cases, automation technology can already match, or even exceed, the median level of human performance required.

four-fundamentals-of-workplace-automation

four-fundamentals-of-workplace-automation

Share  

Related Post

  •  Leadership development – the who, what and why
    Leadership development – the who, what and why
    Leadership plays a vital role in organisational success, retention, and engagement. Much has been researched and
    Read More
  •  When things go wrong: understanding mediation, conciliation, and arbitration in the workplace
    When things go wrong: understanding mediation, conciliation, and arbitration in the workplace
    No workplace can be entirely without conflict. If everyone is striving towards goals, both in their
    Read More
  •  Is Employee Self Service really empowering employees?
    Is Employee Self Service really empowering employees?
    Autonomy is one of the most difficult things to gain at work, and yet among the
    Read More

Subscribe to the blog updates

Learn more about Roubler’s
All-in-one HRIS and payroll software

Find out more
x