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Automation is old – and so is the hype around new waves of invention

Walker, Martin (2021) Automation is old – and so is the hype around new waves of invention. LSE Business Review (13 Jan 2021). Blog Entry.

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Abstract

With advances in artificial intelligence (AI), it seems that the range of economic activities that can and will be automated is now limitless. Not for the first time, society is both thrilled and fearful of the opportunities. The 1950s were the “Push Button Age”, the 60s brought the “Information Age” and the 1970s the time of the industrial robots, followed by a variety of other “ages”. However, will we really see a time where everything is finally automated or just a continuation of the waves of automation that have been going on for hundreds of years? Waves that so far have always left humans with work to do. The answer lies in part in understanding the basic principles behind automation. Principles found in history rather than hype and explained in my recent paper on automation in banking

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2021 The Author
Divisions: LSE
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited: 15 Mar 2021 14:06
Last Modified: 18 Jul 2021 23:03
URI: http://eprints.lse.ac.uk/id/eprint/108701

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