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A less dramatic change, but one with a probably far bigger affect on employment, is happening in clerical work and professional companies. Technologies like the Internet, artificial intelligence, big information, and improved analytics—all made potential by the ever growing availability of low cost computing energy and storage capacity—are automating many routine duties. Numerous conventional white-collar jobs, reminiscent of many in the bid4paper submit workplace and in customer service, have disappeared. W. Brian Arthur, a visiting researcher on the Xerox Palo Alto Analysis Heart’s intelligence methods lab and a former economics professor at Stanford University, calls it the autonomous financial system.” It’s miles more delicate than the idea of robots and automation doing human jobs, he says: it involves digital processes speaking to other digital processes and creating new processes,” enabling us to do many things with fewer folks and making yet different human jobs out of date.
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