World Economic Forum warns of widespread disruption caused by robots

 

The World Economic Forum has warned of widespread disruption caused by robots, in its latest report about global competitiveness. 

In its Global Competitiveness Index 2017, WEF says the most competitive countries are:

  1. Switzerland
  2. United States
  3. Singapore
  4. Netherlands
  5. Germany

The organisation says sustained economic recovery remains at risk due to lack of increases in productivity.  Continue reading World Economic Forum warns of widespread disruption caused by robots

Artificial intelligence driving revenue growth, says Infosys

US Secretary of State John Kerry in Davos
US Secretary of State John Kerry at a previous World Economic Forum meeting in Davos

In a report specially prepared for the World Economic Forum meeting of world leaders from business and politics at Davos, Switzerland, Infosys says businesses and economies which adopt artificial intelligence are seeing dramatic growth. 

The IT consulting giant says companies and countries which embrace AI can expect to see revenue rise around 40 per cent by 2020.

Infosys adds that 80 per cent of AI adopters who can replace workers with computer systems are actually planning to retain and retrain their staff.  Continue reading Artificial intelligence driving revenue growth, says Infosys