From the kitchen to the office, the world of work has undergone a radical transformation.
The trend towards automation is not confined to the workplace, with companies increasingly turning to automation to help manage their processes and tasks.
And that trend is spreading to the home, too.
Many businesses are now asking employees to become more flexible, as automation will be more effective if it is done in a way that helps them get their work done, says Anna Vassiliadis, a senior business associate at McKinsey & Company.
The benefits of this shift include reduced turnover, increased productivity, and better communication between the company and its employees, she says.
Here’s how it works The main benefits of a more flexible workforce are better productivity and customer service, according to Vassilis.
This, she argues, is the real payoff from automation, as it allows employees to take a break from their day jobs and work from home.
As automation becomes more widespread, so will the need for people to become less reliant on their employers for their livelihoods.
A study by McKinsey’s Vassilicis and colleagues suggests that a shift from an average of 1.5 hours of daily working per employee per year to 1.0 hours of work per person per year could save an average American $500,000 over the course of a lifetime.
That’s a huge number.
The average worker is now required to work 9.5 to 11 hours a day, and as automation increases, so too does the need to keep up with the demands of the modern workplace.
The researchers found that an increase in productivity in a given area could result in a 50 percent decrease in turnover, which would translate into savings for both the employer and the employee.
A decrease in hours of overtime, on the other hand, would increase the number of hours worked per person by 40 percent.
These benefits would not be enough to offset the cost of automation for all industries, however.
“If you don’t have a way to incentivize employees to work less, that’s a problem,” says Vassileis.
She recommends offering incentives to workers who need to stay in the office longer, for example.
The shift away from a traditional office and into the home is expected to save the economy $5 trillion over the next 25 years, according the McKinsey study.
And, as the economy improves, more and more companies are turning to these kinds of automated processes to keep their workers happier and more productive, according McKinsey.
The company estimates that by 2040, the number and types of automated jobs could be doubled, from 7 million to 15 million.
A number of companies are already looking to the future.
One company that has come out ahead is Uber.
The ride-hailing company has been aggressively exploring ways to automate its workforces to boost its bottom line.
Uber has already started using artificial intelligence to automate some of its operations, and it has even gone so far as to offer bonuses to those employees who are willing to work more than 60 hours per week.
But the company is also looking to create a more traditional office experience, which is the one that employees actually use, says Ryan Schulman, a partner at the McKinley & Company research firm.
“Uber is not going to become a tech company overnight,” Schulmans says.
Uber currently has about 3,500 employees in the United States, but it plans to grow to 10,000 employees by 2021.
A similar program exists in Japan, where Uber has a similar program in place.
“This is the next big wave,” Schuilmans says, predicting that it could become a big part of the American economy.
The technology behind automation In addition to helping to automate workers, automation also creates opportunities for businesses.
As more and bigger companies automate their processes, they can save money on labor costs.
Companies are increasingly looking to automate their supply chains and processes, reducing the amount of time they need to work in order to produce products and processes that customers want.
Automation will also improve efficiency, which will help to save money for the companies that hire the most workers.
A recent report from the McKinseys study estimates that if companies are able to automate the entire supply chain, that savings will be at least $300 billion over the life of the company.
As we transition to a more productive workforce, this can mean the difference between saving money and having to hire more employees, says Vavasiliados.
The next wave of automation is already here: The automation of our offices has already begun.
According to a recent McKinsey report, 80 percent of companies in the US have begun using automated equipment in some form, and the industry is expected a further 90 percent by 2020.
These machines are often called ‘lean and green,’ and they are often used to replace some of the traditional functions that workers used to perform.
These processes include accounting, payroll, billing, and even legal services.
They are also commonly used in the healthcare and finance industries.