What is white collar automation?

It’s a known fact that blue-collar jobs are at the brink of being vanished because of disruptive technology. The corollary to this theory is that robots wouldn’t be able to surpass intellectual power of a white collar employee.

Well, that is not the case anymore. If not now then later, automation is bound to take over white-collar jobs. So, robotics, artificial intelligence and upcoming disruptive technologies are now challenging white-collar professions that previously seemed invulnerable. And this theory is called ‘white collar automation’.

According to PricewaterhouseCoopers, 38% of US jobs could be automated by 2030. The banking industry is currently in the lead of injecting RPA into white collar jobs. Genworth Financial, Goldman Sachs, Mizuho Financial Group, Deutsche Bank, and Telefónica’s O2 business are just a few currently successfully incorporating robotic processes. But other industries are beginning to see the value of RPA utilized in their HR departments. Management consulting firm, West Monroe Partners recently adopted RPA to help bring on new workers. The company is automating its data entry as well as other tasks used to bring a new employee on board reducing the time from 25 minutes to just a few minutes for each employee.

 

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