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Forbes Predictions on Automation

April 26, 2024

Automation will reach its tipping point in 2022. Cheap capital, a labor shortage, and a desire to purchase transformation in a single step motivate its use as a whole. Labor shortages in retail, as well as in white- and blue-collar jobs, are driving the shift to automation as a tactic rather than a process.

As a result, we have arrived at a point where gradual improvements in process no longer provide the growth projection designed to initiate shareholder value. There isn't a company that is not mandating automation as a strategic goal by 2022. By 2022, automation will be a way of managing and a main driver in a wide range of investments, including human resources, marketing, application development, and services.

Artificial intelligence starts directing our lives consciously in 2022. We were forced to adjust to the need for more automation, faster decisions, and nearly instant delivery after experiencing the horror of Covid-19. Any industry such as food retail, healthcare, 5G networks, software code development, or cyber security software were all impacted. Because 99 percent of tasks can be conditionally programmed, artificial intelligence will have an influence on almost all logistics, core processes, and operational models in these industry segments. Many of the investments we have managed for our retirement accounts are made by algorithms.

As a result, there are whole industries whose growth will be dependent on artificial intelligence such as software development, cyber security, insurance risk modeling, and retail logistics. We will feel considerably at ease with this in 2022 as we watch automation handle our medical records, make purchases and choices, and run increasingly complex, stressed distribution networks using algorithms.

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