Bloomberg Tech – Why the Robot Takeover of the Economy Is Proceeding Slowly

Experts believe that, while many of the benefits of the automation of labor are there for the taking, there is a cultural inflection point that has yet to be reached, holding up its adoption.

July 5, 2017

‘Vik Singh’s company has powerful artificial intelligence software that helps firms hunt down the best sales leads. Getting somebody to use it — well, that’s a story that says a lot about the U.S. expansion.

U.S. businesses have every incentive to adopt labor-saving technologies, replacing factory workers with robots and desk jobs with smart software. In some areas, such as finance, machine decision-making is advancing quickly. In others, there are obstacles. Overall, while the penetration of automation in the economy is happening, it is taking place at a slower pace than futurists expected.’

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