Robotic AI vs Human Skills
AI will have a different impact on each of these three skills categories. Machines have much better process and quantitative reasoning skills than humans in deterministic tasks, but people do far more ambiguous cross-functional reasoning tasks.
In the next decade, AI 's systems are therefore responsible for over 80% of process-oriented tasks. Approximately 50% of reasoning tasks are performed by people and 50% by machines and over 80% of functional reasoning tasks are continued by humans.
Some professions are declining, others are growing and most of them are changing drastically. Process-oriented jobs will experience decreases. Jobs Cross-functional and quantitative skills that are more difficult to automate are associated with growing jobs. People will have to move from decaying jobs to growing jobs and, in some cases , completely new ones.
Robotics industry Growth over past years
Approximately US$ 39.72 billion was added to the robotics market in 2019 and a CAGR of 25.0% is expected over the 2020-2025 predictions. Over the past decade, high-priced industrial robots were predicted to achieve ROI after a decade. However, smaller collaborative robots are currently priced at a rate of around USD 20.000 for companies receiving ROI in months, rather than decades. Decreasing prices for sensors and rising acceptance have further helped to reduce costs.
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