Is your job at risk? This McKinsey bot analyses if a task is tough enough to require human effort
McKinsey noted that this could also help their companies stay competitive.
By Bloomberg |
Agencies
It’s McKinsey & Co.’s entry into robotic process automation, which is spreading “robots” from the factory floor to the office cubicle as advancing technologies make it easier and more economically feasible for software to perform cognitive tasks now done by humans.
By Michelle Jamrisko
Imagine a bot on your work computer that tracks your every click and keystroke, helping determine which of your tasks could be handled by one of its robot brethren. Call it automating automation. It’s McKinsey & Co.’s entry into robotic process automation, which is spreading “robots” from the factory floor to the office cubicle as advancing technologies make it easier and more economically feasible for software to perform cognitive tasks now done by humans.
It’s transforming office work across the world, including in the Philippines’ offshoring business processing centers, which employ more than a million people and generate annual revenue equal to about 7.5% of the nation’s gross domestic product. It could cost a lot of people their jobs, but as McKinsey noted in a report earlier this year, it could also help their companies stay competitive and even capture a bigger market share.
If bots haven’t reached your office yet, just wait. The digital team at McKinsey has no shortage of numbers that show how AutoMate, as they call it, can pad a company’s bottom line: It cuts manual labor hours needed in roles across industries by 20%-40%. The greater speed with which people can open bank accounts, for example, provides a competitive advantage that translates into a revenue increase of 5%-10%, McKinsey says.
New-Age Chef & Valet Robots To Make Your Life Easy
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While the robotic revolution is making a splash around the world, here are a few that aim to make life easier, simulate human emotions and take us closer to the future. While the robotic revolution is making a splash around the world, here are a few that aim to make life easier, simulate human emotions and take us closer to the future.
While the robotic revolution is making a splash around the world, here are a few that aim to make life easier, simulate human emotions and take us closer to the future. While the robotic revolution i..
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The BionicOpter was a talking point recently when Jeff Bezos tweeted a short video of himself playing with the robot dragonfly at his robotics conference MARS. The makers, Festo AG, say they have “technically mastered the highly complex flight characteristics of the dragonfly” — the robot can fly in all directions, hover in mid-air and glide without beating its wings. BionicOpter supports wireless real-time communication, a continuous exchange of information, and can identify complex events.
The BionicOpter was a talking point recently when Jeff Bezos tweeted a short video of himself playing with the robot dragonfly at his robotics conference MARS. The makers, Festo AG, say they have “t..
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Motobot 2.0 is an autonomous motorcycle-riding robot that combines the latest in motorcycle and robotics technology to drive around a racetrack on a Yamaha YZF-R1M. The motorcycle dons a look of the classic modern aerodynamic racing two-wheeler, while the robot needs human operators only to specify how aggressively it should race. Motobot 2.0 can race at a speed of almost 200 kmph but it’s no match for Valentino Rossi yet.
Motobot 2.0 is an autonomous motorcycle-riding robot that combines the latest in motorcycle and robotics technology to drive around a racetrack on a Yamaha YZF-R1M. The motorcycle dons a look of the..
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Tengai, a brainchild of Furhat Robotics, is the world’s first job interview robot that aims to take out unconscious human biases from the process. She sits on top of a table directly across the candidate she’s about to interview. Tengai has three degrees of movement freedom and can display complex expressions — blink and smile lightly as she poses her questions.
Tengai, a brainchild of Furhat Robotics, is the world’s first job interview robot that aims to take out unconscious human biases from the process. She sits on top of a table directly across the cand..
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Creator, a burger restaurant that opened last year in San Francisco, is home to two sedansized robots each of which can churn out 120 burgers an hour. Each robot is reportedly equipped with 350 sensors, 50 actuators and 20 computers together which allow it to grind the meat, shape the burgers, slice the tomatoes, grate cheese and dispense mustard. The robots themselves are controlled by a machine learning algorithm.
Creator, a burger restaurant that opened last year in San Francisco, is home to two sedansized robots each of which can churn out 120 burgers an hour. Each robot is reportedly equipped with 350 sens..
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Robots are coming to take over valet parking tasks. London’s Gatwick Airport recently collaborated with Stanley Robotics to trial robots that valet park passengers’ cars. The trial will run from the second half of 2019 to early 2020 wherein passengers will have to leave their car at the airport’s ‘parking station’ without handing over keys. The robot will lift up the car and store it in a secure car park. The service will have access to users’ flight details so that the robot can bring back the car when the passenger returns.
Robots are coming to take over valet parking tasks. London’s Gatwick Airport recently collaborated with Stanley Robotics to trial robots that valet park passengers’ cars. The trial will run from the..
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If you are unable to attend an important meeting at the office or your kid can’t be at school because of chronic illness, AV1 can be a competent proxy. Oslo-based start-up No Isolation’s AV1 is a cute-looking robot that can sit at a meeting room and live stream video and audio back to your mobile device remotely. It can help housebound sick children and elderly people keep in touch with friends and family, and thus combat loneliness.
If you are unable to attend an important meeting at the office or your kid can’t be at school because of chronic illness, AV1 can be a competent proxy. Oslo-based start-up No Isolation’s AV1 is a cu..
The team began running AutoMate in their own Chennai office last year, and it’s being deployed in Poland and with select clients now primarily in telecommunications, financial services and advanced manufacturing.
Pascal Bornet, a Singapore-based associate partner at McKinsey, says AutoMate was born of necessity. Just 20% of worldwide work is industrial, manual labor -- the other 80% being targets for the next wave of automation, which should accelerate service processes like applying for a mortgage, he said.
Still, Bornet urges people not to fear.
“Automation has always created more employment than it has destroyed,” he said.