robots

Around 30 percent of British jobs are at risk from advancements in Artificial Intelligence, according to new reports, affecting over 10 million UK workers.

Robots and artificial intelligence machines are likely to replace a third of UK jobs within 15 years, consultancy firm PwC said in a report released on Friday.

These figures are higher in both the US, at 38 percent, and Germany, at 35 percent. In Japan the risk is marginally lower, with around 21 percent of jobs likely to be affected.

John Hawksworth, chief economist at PwC, told the BBC that “more manual, routine jobs” were the most at risk, with jobs needing a “more human touch” safer.

Jon Andrews, the head of technology and investments at PwC, commented: “There’s no doubt that AI and robotics will rebalance what jobs look like in the future, and that some are more susceptible than others.

“What’s important is making sure that the potential gains from automation are shared more widely across society and no one gets left behind. Responsible employers need to ensure they encourage flexibility and adaptability in their people so we are all ready for the change.”

 

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Miranda is the online editor of UK Investor Magazine. Her interests include private equity, crowdfunding, peer-to-peer lending, gender equality and coffee.