Robots, Algorithms Make Their Way Into Workplace

posted by Newsradio 740 KTRH Staff -

Robots and artificial intelligence can increasingly do the work of people in white-collar jobs.

We may think of computers doing manual work on assembly lines, but they are increasingly being used in medical applications and in making investment decisions ... instead of people.

Robots are already replacing clothing designers, asset management experts ... and even merchandise buyers, who the Bureau of Labor Statistics predicts will decline in ranks as algorithms replace them.

Wall Street, software developer and even the news media are grappling with the presence of artificial intelligence and automation.

Bloomberg reports that nearly 80 percent of Wall Street firms surveyed either have in place, or plan to implement, artificial intelligence of some kind as part of their work.

Experts caution, however, that a human component is still needed in many capacities – such as interpreting medical scans.

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