Brexit could help usher in the rise of robots

Opinion Brexit could accelerate the adoption of technology and, in turn, exacerbate unemployment. However, technology is also capable of creating equality, economic prosperity and a sustainable environment. As headlines go, “Brexit leads to robot takeover” sounds like satire. It’s up there with Brexit being “the opportunity to create a second Elizabethan Golden Age”. Both have been written recently – but I would argue that the former may actually be true. Recessions force companies to make difficult choices to survive. One of the first places to cut costs is the wage bill. As regulation and costs rise in offshoring countries, there is a new choice. This choice involves a short-term investment but long-term savings in wages, health insurance or breaks: the choice to adopt machine intelligence and automation. Machine intelligence – a term that encompasses…

Link to Full Article: Brexit could help usher in the rise of robots

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